338-340 S Harris Ave · Columbus, OH 43204

$199,000

4 bd · 2.0 ba · 1,662 sqft · MultiFamily public records · 122 Days on market

Built 1920 4,356 sqft lot Est $230k · 13% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.8/30.0
• ARV discount +13.5/15.0
• DSCR +7.6/10.0
• 1% rule +5.4/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

· Fully occupied duplex For Sale · Curb Offers only · 100% Occupancy of the Duplex · Investment property located in Columbus' Hilltop Region -$29,400 for income per year. · Please do not disturb tenants

Key facts

• Hilltop region
• Investment property
• 4,356 sq ft lot

Tags

• FULLY OCCUPIED DUPLEX
• INVESTMENT PROPERTY
• HILLTOP REGION

What this means for you Summary

Snapshot

• This is a 2 × 1-bed/1-bath units multifamily listed at $199k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive. Per door: $190/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.8% in Columbus — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Briggs High School (math 2% / reading 22%, grade F, #726 of 781 statewide, top 94%, 980 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.5%/yr); 187 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 42% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $22k; list at $199k implies a 805% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.20%
• DSCR: 1.36
• GRM: 8.0

CMA / ARV

• ARV (median comp): $229,841
• List price: $199,000
• Delta: -13.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
423 S Hague Ave	0.16mi	3/— (-1)	1,594 (-4%)	4mo	$168,000	$105	77
361 S Harris Ave #361	0.05mi	5/— (+1)	1,890 (+14%)	1mo	$180,000	$95	69
23-25 N Warren Ave	0.53mi	3/— (-1)	1,616 (-3%)	15mo	$120,000	$74	53
570 S Roys Ave	0.43mi	4/—	1,770 (+6%)	20mo	$255,000	$144	52
388 S Powell Ave	0.15mi	4/—	1,427 (-14%)	24mo	$235,000	$165	50
46-48 Haldy Ave	0.66mi	4/—	1,716 (+3%)	19mo	$265,000	$154	48
2748 Vanderberg Ave	0.74mi	4/—	1,581 (-5%)	12mo	$160,000	$101	47
839-841 S Ogden Ave	0.72mi	4/—	1,457 (-12%)	1mo	$173,000	$119	45
223 S Wayne Ave	0.45mi	4/—	1,860 (+12%)	24mo	$263,000	$141	39
2703-2705 Eakin Rd	0.71mi	4/—	1,457 (-12%)	14mo	$227,000	$156	34
2736-2738 Grace St	0.63mi	4/—	1,848 (+11%)	24mo	$130,000	$70	32
19 S Wheatland Ave	0.71mi	3/— (-1)	1,456 (-12%)	18mo	$199,000	$137	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.49% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-4,910
• Equity at exit: $29,672

10-year hold

• IRR: 8.8%
• Equity multiple: 1.72×
• Total profit: $40,026
• Equity at exit: $17,206

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 16.1×

Monthly cashflow live

• Estimated rent: $2,062 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$122 /mo · $1,461/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $381

Break-even live

Break-even rent $1,580

Max offer price $199,000

Occupancy floor 77%

Sensitivity live

Price	-10% $493	-5% $437	+0% $381	+5% $324	+10% $268
Rent	-10% $218	-5% $299	+0% $381	+5% $462	+10% $544
Rate	-1.0pp $481	-0.5pp $431	base $381	+0.5pp $329	+1.0pp $277

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$2,062
Total (2 units)			$2,062

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2676 Sullivant Ave Columbus, OH	3.0	1.0	1524	$1,200	$0.79	45d	1	0.27mi
2709-2711 Sullivant Ave Unit 2709 Columbus, OH	3.0	2.0	1344	$1,380	$1.03	4d	1	0.30mi
2709-2711 Sullivant Ave Columbus, OH	3.0	2.0	1344	$1,380	$1.03	4d	1	0.30mi
92 S Hague Ave Columbus, OH	3.0	2.0	1456	$1,400	$0.96	25d	1	0.36mi
2545-2547 Sullivant Ave Columbus, OH	3.0	1.0	1064	$1,100	$1.03	12d	1	0.37mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	5d	1	0.37mi
80 S Warren Ave Columbus, OH	3.0	1.0	1258	$1,345	$1.07	45d	1	0.37mi
608 Racine Ave #610 Columbus, OH	3.0	1.0	1168	$1,195	$1.02	45d	1	0.39mi
329 S Wayne Ave Columbus, OH	3.0	1.0	1120	$1,425	$1.27	4d	1	0.42mi
616-618 S Ogden Ave Columbus, OH	3.0	1.0	1100	$1,125	$1.02	45d	1	0.42mi
252-254 S Wayne Ave Unit 254 Columbus, OH	3.0	1.0	1120	$1,300	$1.16	18d	1	0.47mi
661-663 S Burgess Ave Columbus, OH	3.0	1.0	1100	$1,028	$0.93	45d	1	0.50mi
521-523 S Wayne Ave Columbus, OH	3.0	1.0	1092	$1,195	$1.09	5d	1	0.50mi
29 S Terrace Ave Columbus, OH	3.0	1.0	1144	$1,260	$1.10	25d	1	0.52mi
27-29 N Terrace Ave Unit 29 Columbus, OH	3.0	1.0	1144	$1,260	$1.10	25d	1	0.52mi
54 N Ogden Ave Columbus, OH	3.0	1.0	1176	$950	$0.81	3d	1	0.58mi
43-45 N Chase Ave Unit 43 Columbus, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.60mi
43 N Chase Ave Columbus, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.60mi
43 N Roys Ave Columbus, OH	3.0	1.5	1332	$1,599	$1.20	25d	1	0.63mi
41 S Oakley Ave Columbus, OH	3.0	1.5	1428	$1,550	$1.09	45d	1	0.65mi
695 S Eureka Ave Columbus, OH	3.0	1.0	1344	$1,425	$1.06	22d	1	0.66mi
41-43 N Huron Ave Unit 41 Columbus, OH	3.0	1.0	1176	$1,400	$1.19	9d	1	0.71mi
2745-2747 Steele Ave Columbus, OH	3.0	1.0	2128	$1,200	$0.56	45d	1	0.72mi
130 N Roys Ave Columbus, OH	3.0	1.0	1380	$1,595	$1.16	3d	1	0.73mi
2205 Sullivant Ave Columbus, OH	3.0	1.0	1275	$1,200	$0.94	45d	1	0.76mi
133 N Eureka Ave Columbus, OH	3.0	1.0	1484	$1,350	$0.91	14d	1	0.77mi
2735 Sutton Ave Columbus, OH	3.0	1.0	1099	$1,175	$1.07	5d	1	0.79mi
692 S Wheatland Ave Columbus, OH	3.0	1.0	1608	$1,547	$0.96	45d	1	0.81mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,475	$1.17	21d	1	0.89mi
95-97 Whitethorne Ave Columbus, OH	3.0	1.5	1260	$1,375	$1.09	5d	1	0.89mi
945 Hodges Dr Columbus, OH	3.0	1.0	1078	$1,640	$1.52	25d	1	0.89mi
179 N Sylvan Ave Unit 179 Columbus, OH	3.0	2.0	1152	$2,000	$1.74	18d	1	1.06mi
1964 Sullivant Ave Columbus, OH	4.0	2.0	1580	$1,650	$1.04	25d	1	1.10mi
2730 Elliott Ave Columbus, OH	3.0	1.0	1332	$1,803	$1.35	45d	1	1.13mi
488 Woodbury Ave Columbus, OH	3.0	1.5	1222	$1,250	$1.02	45d	1	1.31mi
543 Woodbury Ave Unit NA Columbus, OH	3.0	1.0	1308	$1,645	$1.26	16d	1	1.31mi
1241 Riegelwood Ln Columbus, OH	4.0	3.0	1868	$2,480	$1.33	3d	1	1.48mi

Listing history 36 events

1. 2026-06-18
   days on market $199,000 Active 122 DOM
2. 2026-06-17
   days on market $199,000 Active 121 DOM
3. 2026-06-16
   days on market $199,000 Active 120 DOM
4. 2026-06-15
   days on market $199,000 Active 119 DOM
5. 2026-06-13
   days on market $199,000 Active 117 DOM
6. 2026-06-13
   days on market $199,000 Active 116 DOM
7. 2026-06-09
   days on market $199,000 Active 113 DOM
8. 2026-06-08
   days on market $199,000 Active 112 DOM
9. 2026-06-07
   days on market $199,000 Active 111 DOM
10. 2026-06-05
    days on market $199,000 Active 108 DOM
11. 2026-06-03
    days on market $199,000 Active 107 DOM
12. 2026-06-02
    days on market $199,000 Active 106 DOM
13. 2026-06-01
    days on market $199,000 Active 105 DOM
14. 2026-05-31
    days on market $199,000 Active 104 DOM
15. 2026-02-16
    listed $199,000 Active 241-char remark

    Show marketing remark (241 chars)

    · Fully occupied duplex For Sale · Curb Offers only · 100% Occupancy of the Duplex · Investment property located in Columbus' Hilltop Region -$29,400 for income per year. · Please do not disturb tenants

16. 2025-12-18
    historical $1,250
17. 2025-11-09
    listed $1,250
18. 2024-07-02
    historical $1,100
19. 2024-05-24
    listed $1,100
20. 2024-02-01
    historical
21. 2023-11-07
    historical
22. 2023-11-06
    listed
23. 2023-10-14
    historical
24. 2023-08-24
    listed
25. 2017-06-12
    soldstatus $22,000
26. 2017-06-09
    soldstatus $22,000 Closed 83-char remark

    Show marketing remark (83 chars)

    Investor property. Sold AS IS Rents in the area are good so ROI works. No lowballs.

27. 2017-05-04
    status Pending 83-char remark

    Show marketing remark (83 chars)

    Investor property. Sold AS IS Rents in the area are good so ROI works. No lowballs.

28. 2017-04-21
    listed $35,000 Active 83-char remark

    Show marketing remark (83 chars)

    Investor property. Sold AS IS Rents in the area are good so ROI works. No lowballs.

29. 2017-01-25
    soldstatus $25,000
30. 2017-01-20
    soldstatus $25,000 Closed
31. 2017-01-16
    status Pending
32. 2016-12-13
    listed $25,000 Active
33. 2014-01-21
    soldstatus $132,500
34. 2007-10-01
    soldstatus $25,000
35. 1990-09-28
    soldstatus $98,000
36. 1990-09-28
    soldstatus $98,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,461 · $122/mo
• Projected year-2 tax: $2,283 · $190/mo
• Expected delta: +$821/yr (+$68/mo · 56.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,744
• − Mortgage interest: −$11,147
• − Property taxes: −$1,461
• − Insurance: −$995
• − Repairs & maintenance: −$1,980
• − Management: −$1,980
• − Depreciation: −$5,789
• Taxable income: $1,392
• Est. tax owed @ 24.0%: −$334
• After-tax cash flow: $4,234/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

Amenities A- Commute A+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A- User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 42,962
• Household income: $59,266
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 2290.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 81% English-only · Spanish 13% Arabic 2% Other Asian/Pacific 1%

Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.67%
• Current HPI: 265.7711
• Rent YoY: ▲ 4.49%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+103.1% since first listed

22 events — show timeline

• 2026-02-16 Listed $199,000 CBRMLS
• 2025-12-18 Rental Removed $1,250 BUILDIUM
• 2025-11-09 Listed for Rent $1,250 BUILDIUM
• 2024-07-02 Rental Removed $1,100 BUILDIUM
• 2024-05-24 Listed for Rent $1,100 BUILDIUM
• 2024-02-01 Rental Removed — BUILDIUM
• 2023-11-07 Rental Removed — BUILDIUM
• 2023-11-06 Listed for Rent — BUILDIUM
• 2023-10-14 Rental Removed — BUILDIUM
• 2023-08-24 Listed for Rent — BUILDIUM
• 2017-06-12 Sold (Public Records) $22,000 Public Records
• 2017-06-09 Sold (MLS) $22,000 CBRMLS
• 2017-05-04 Pending — CBRMLS
• 2017-04-21 Listed $35,000 CBRMLS
• 2017-01-25 Sold (Public Records) $25,000 Public Records
• 2017-01-20 Sold (MLS) $25,000 CBRMLS
• 2017-01-16 Pending — CBRMLS
• 2016-12-13 Listed $25,000 CBRMLS
• 2014-01-21 Sold (Public Records) $132,500 Public Records
• 2007-10-01 Sold (Public Records) $25,000 Public Records
• 1990-09-28 Sold (Public Records) $98,000 Public Records
• 1990-09-28 Sold (Public Records) $98,000 Public Records

Property tax history

-1.7%/yr

Latest (2024): $1,461 · +1.3% YoY. Source: county tax records.