Michelle Smith

508 Furnace Street

Elyria, OH
$ 111,750 Beds 2 Baths 1
Monthly Estimate* How much can I afford?

Cash-flowing rental with established tenancy at 508 Furnace St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This occupied property generates $1,200 per month on a month-to-month lease, providing immediate income. The tenant is responsible for all utilities, helping to keep operating expenses low and enhance overall returns. The home offers a functional layout with strong rental appeal and is positioned in an area with consistent demand. A dependable addition to a larger portfolio, this asset contributes steady cash flow within a diversified, income-producing package. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

Active

  • Price
  • $ 111,750
  • City
  • Elyria
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • Lorain
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.11 Acres
  • Zip
  • 44035
  • Year Built
  • 1950
  • Taxes
  • $ 1011
  • Style
  • MLS#
  • 5205304
Listed By: Russell Real Estate Services
Data Source: MLSNow

Features

General

Sewer Other
Heating Other
Cooling None
Possession Delivery Of Deed
Roof Other
Garage Spaces 1
Architectural Style Ranch
Construction Materials Frame,Other
Year Built 1950
Stories Count 1
Township Elyria
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Lorain
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Mendelson
Garage Y/N true
Total Rooms 4
Full Baths 1
Status Active
Directions Lorain County
ModificationTimestamp 2026-08-14T15:07:53.953-00:00
City Elyria
High School District Elyria CSD - 4706
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 1011
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Elyria CSD - 4706
Elementary School District Elyria CSD - 4706
Year Built Source Public Records
Property Sub Type Additional Single Family Residence
PostalCity ELYRIA
Legal Description MENDELSON FRNT 0041.00 DPTH 0122.00

Interior Features

Basement (Y/N) false
Air Conditioning Y/N false
Fireplace Y/N false
Total Bedrooms 2
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 1

Exterior Features

Parking Features Detached,Garage
Water Source Other
Lot Size Area 0.11
Lot Size Acres 0.11
Lot Size Source Appraiser
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Youngstown, OH office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/29/2026 Listed $105,000
6/12/2026 12% - $118,000
8/14/2026 5% - $111,750

Property vs Zip Code Average in 44035

Price
AVG $220K
$110K
Taxes
AVG $2,704
$1,011
Year Built
AVG 1962
1950

In The Neighborhood

Areas That We Cover

508 Furnace Street Elyria, OH is a Single Family Home for sale at $111750 and a lot size of 0.11 Acres Acre(s). 508 Furnace Street Elyria has 2 bedrooms, 1 baths and was built in 1950. The property's zip code is 44035 which is in Elyria, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Michelle Smith

Michelle Smith

Agent

330-383-2910

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