508 Furnace Street
Elyria, OH 44035
2
Bed
1
Bath
0.11Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 4 -
Roofing Information
Other -
Interior Features
Roof: Other -
Heating & Cooling
Has Heating: Yes Heating: Other Cooling: None
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Building Information
Year Built: 1950 Construction Materials: Frame, Other Stories: 1 Private Pool: No
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Lot Information
Main Square Feet: 0.11 Acres Lot Size Acres: 0.11 Lot Size Source: AppraiserProperty Information
Subdivision: Mendelson Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 76
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Listing Price Information
Listing Price: $118000 Original Price: $105000
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Tax Information
Parcel Number: 06-24-052-104-009 Tax Year: 2025 Annual Tax: $1011 Tax Legal Desc: MENDELSON FRNT 0041.00 DPTH 0122.00
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 1
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Location Information
Direction: Lorain County WaterSource: Other
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 556 Eldemire Lane, Elyria, OH, 44035 | $272,900 | 2 | 2 | 2,856 | 2,856 SqFt |
| 437 Pheasant Run, Elyria, OH, 44035 | $404,990 | 3 | 3 | 1,628 | 1,628 SqFt |
| 162 Kensington Way, Elyria, OH, 44035 | $399,900 | 2 | 2 | 2,281 | 2,281 SqFt |
| 313 Breckenridge Oval O.., Elyria, OH, 44035 | $264,991 | 3 | 2 | 1,294 | 1,294 SqFt |
| 10519 Dewhurst Road, Elyria, OH, 44035 | $220,000 | 2 | 1 | 936 | 936 SqFt |
| 102 California Avenue, Elyria, OH, 44035 | $264,000 | 3 | 2 | 1,868 | 1,868 SqFt |
| 942 Hartford Drive, Elyria, OH, 44035 | $239,900 | 4 | 3 | 2,121 | 2,121 SqFt |
| 542 Georgetown Avenue, Elyria, OH, 44035 | $222,999 | 3 | 2 | -- | |
| 508 Hampton Drive, Elyria, OH, 44035 | $269,900 | 3 | 2 | 1,524 | 1,524 SqFt |
| 864 Wilder Avenue, Elyria, OH, 44035 | $249,900 | 3 | 2 | 1,646 | 1,646 SqFt |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 06/21/2026 @ 22:38
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