192 S 19th St · Columbus, OH 43205

$285,000

6 bd · 2.0 ba · 3,903 sqft · Condo public records · 149 Days on market

Built 1914 $73/sqft · 78% below area

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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 +25.0/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 3-bedroom, 2-full bath condominium conveniently located in historic Olde Towne East, just minutes from downtown Columbus. With 2,049 sq ft of living space, this condo features an open layout, ample natural light and a bonus loft space ideal for both comfortable living and entertaining. Enjoy the ease and convenience of condo living combined with the charm and vibrancy of one of Columbus's most sought-after neighborhoods. Currently occupied, this property presents an excellent opportunity as a personal residence or a valuable rental investment. Close to dining, entertainment, parks, and major highways.

Key facts

• Open layout
• Condo living
• Close to dining

Tags

• HISTORIC OLDE TOWNE EAST
• OPEN LAYOUT
• BONUS LOFT SPACE
• CONDO LIVING
• CLOSE TO DINING
• CLOSE TO ENTERTAINMENT

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath condo listed at $285k.

Deal economics

• At list price, monthly cash flow is $617 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $285k).
• Recommended offer: $251k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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.
• Market conditions: Rents rising (+1.4%/yr); 142 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $3,167/mo this rent would consume 63% of the median local household income ($60k/yr) (locally 823% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 149 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y 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 $215k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $250,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.11% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.27%
• DSCR: 1.41
• GRM: 7.5

CMA / ARV

• ARV (median comp): $678,002
• List price: $285,000
• Delta: -57.96%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
751 Franklin Ave	0.73mi	5/— (-1)	3,480 (-11%)	16mo	$647,000	$186	29

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 · 1.43% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-11,839
• Equity at exit: $42,494

10-year hold

• IRR: 3.8%
• Equity multiple: 1.26×
• Total profit: $20,660
• Equity at exit: $24,642

Cash invested: $79,800 (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 43205

• Rents YoY: 1.4%
• Active inventory: 142
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,167 medium
• Mortgage (P&I): −$1,495
• Tax from tax record: −$272 /mo · $3,264/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$665
• Net cashflow: $617

Break-even live

Break-even rent $2,386

Max offer price $285,000

Occupancy floor 76%

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1445 E Broad St Columbus, OH	1.0–5.0	1.0–5.0	2164	$3,500	$1.62	1d	4	1.38mi
78 Auburn Ave Columbus, OH	5.0	3.5	2799	$3,950	$1.41	1d	1	1.40mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 47 events

1. 2026-06-18
   days on market $285,000 Active 149 DOM
2. 2026-06-17
   days on market $285,000 Active 148 DOM
3. 2026-06-16
   days on market $285,000 Active 147 DOM
4. 2026-06-15
   days on market $285,000 Active 146 DOM
5. 2026-06-13
   days on market $285,000 Active 144 DOM
6. 2026-06-13
   days on market $285,000 Active 143 DOM
7. 2026-06-09
   days on market $285,000 Active 140 DOM
8. 2026-06-08
   days on market $285,000 Active 139 DOM
9. 2026-06-07
   days on market $285,000 Active 138 DOM
10. 2026-06-05
    days on market $285,000 Active 135 DOM
11. 2026-06-03
    days on market $285,000 Active 134 DOM
12. 2026-06-02
    days on market $285,000 Active 133 DOM
13. 2026-06-01
    days on market $285,000 Active 132 DOM
14. 2026-05-31
    days on market $285,000 Active 131 DOM
15. 2026-04-27
    price $285,000 617-char remark

    Show marketing remark (617 chars)

    Spacious 3-bedroom, 2-full bath condominium conveniently located in historic Olde Towne East, just minutes from downtown Columbus. With 2,049 sq ft of living space, this condo features an open layout, ample natural light and a bonus loft space ideal for both comfortable living and entertaining. Enjoy the ease and convenience of condo living combined with the charm and vibrancy of one of Columbus's most sought-after neighborhoods. Currently occupied, this property presents an excellent opportunity as a personal residence or a valuable rental investment. Close to dining, entertainment, parks, and major highways.

16. 2026-03-11
    price $294,000 617-char remark

    Show marketing remark (617 chars)

    Spacious 3-bedroom, 2-full bath condominium conveniently located in historic Olde Towne East, just minutes from downtown Columbus. With 2,049 sq ft of living space, this condo features an open layout, ample natural light and a bonus loft space ideal for both comfortable living and entertaining. Enjoy the ease and convenience of condo living combined with the charm and vibrancy of one of Columbus's most sought-after neighborhoods. Currently occupied, this property presents an excellent opportunity as a personal residence or a valuable rental investment. Close to dining, entertainment, parks, and major highways.

17. 2026-01-20
    listed $295,000 Active 617-char remark

    Show marketing remark (617 chars)

    Spacious 3-bedroom, 2-full bath condominium conveniently located in historic Olde Towne East, just minutes from downtown Columbus. With 2,049 sq ft of living space, this condo features an open layout, ample natural light and a bonus loft space ideal for both comfortable living and entertaining. Enjoy the ease and convenience of condo living combined with the charm and vibrancy of one of Columbus's most sought-after neighborhoods. Currently occupied, this property presents an excellent opportunity as a personal residence or a valuable rental investment. Close to dining, entertainment, parks, and major highways.

18. 2026-01-20
    historical

    Show marketing remark (617 chars)

    Spacious 3-bedroom, 2-full bath condominium conveniently located in historic Olde Towne East, just minutes from downtown Columbus. With 2,049 sq ft of living space, this condo features an open layout, ample natural light and a bonus loft space ideal for both comfortable living and entertaining. Enjoy the ease and convenience of condo living combined with the charm and vibrancy of one of Columbus's most sought-after neighborhoods. Currently occupied, this property presents an excellent opportunity as a personal residence or a valuable rental investment. Close to dining, entertainment, parks, and major highways.

19. 2026-01-19
    listed $295,000 Active
20. 2025-05-02
    historical $2,200
21. 2025-04-30
    historical
22. 2025-04-21
    price $299,500
23. 2025-04-09
    price $315,000
24. 2025-03-25
    listed $350,000 Active
25. 2025-03-19
    historical
26. 2025-03-13
    price $350,000
27. 2025-03-07
    price $364,500
28. 2025-02-18
    price $375,000
29. 2025-02-06
    listed $400,000 Active
30. 2025-02-06
    historical
31. 2025-02-05
    listed $2,200
32. 2024-10-29
    price $404,900
33. 2024-10-07
    listed $419,900 Active
34. 2024-07-16
    historical
35. 2024-06-19
    price $419,900
36. 2024-06-07
    listed $424,900 Active
37. 2024-04-10
    historical
38. 2024-03-05
    price $424,900
39. 2024-02-27
    price $435,000
40. 2024-02-02
    listed $445,000 Active
41. 2022-08-31
    soldstatus $215,000
42. 2022-08-29
    soldstatus $215,000 Closed
43. 2022-07-28
    historical Contingent Finance and Inspection
44. 2022-07-08
    status Active
45. 2022-07-03
    historical Contingent Finance and Inspection
46. 2022-06-22
    listed $209,900 Active
47. 2022-06-17
    historical $209,900

ⓘ 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: $3,264 · $272/mo
• Projected year-2 tax: $3,855 · $321/mo
• Expected delta: +$591/yr (+$49/mo · 18.1%)

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

Taxation est. · year 1

• Rental income: $38,004
• − Mortgage interest: −$15,964
• − Property taxes: −$3,264
• − Insurance: −$1,425
• − Repairs & maintenance: −$3,040
• − Management: −$3,040
• − Depreciation: −$8,291
• Taxable income: $2,979
• Est. tax owed @ 24.0%: −$715
• After-tax cash flow: $6,685/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): 12,618
• Household income: $60,181
• Rent vs Own: 62.7% rent · 37.3% own
• Severe rent burden: 823.0

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 0.60)
• Race & ethnicity: Black 47% White 42% Two or more races 7% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Asian/Pacific 1% Other Indo-European 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: ▼ -282.36%
• Current HPI: 212.5692
• Rent YoY: ▲ 1.43%
• 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

+35.8% since first listed

33 events — show timeline

• 2026-04-27 Price Changed $285,000 CBRMLS
• 2026-03-11 Price Changed $294,000 CBRMLS
• 2026-01-20 Listing Removed — CBRMLS
• 2026-01-20 Listed $295,000 CBRMLS
• 2026-01-19 Listed $295,000 CBRMLS
• 2025-05-02 Rental Removed $2,200 COLUMBUSMLS
• 2025-04-30 Listing Removed — CBRMLS
• 2025-04-21 Price Changed $299,500 CBRMLS
• 2025-04-09 Price Changed $315,000 CBRMLS
• 2025-03-25 Listed $350,000 CBRMLS
• 2025-03-19 Listing Removed — CBRMLS
• 2025-03-13 Price Changed $350,000 CBRMLS
• 2025-03-07 Price Changed $364,500 CBRMLS
• 2025-02-18 Price Changed $375,000 CBRMLS
• 2025-02-06 Listing Removed — CBRMLS
• 2025-02-06 Listed $400,000 CBRMLS
• 2025-02-05 Listed for Rent $2,200 COLUMBUSMLS
• 2024-10-29 Price Changed $404,900 CBRMLS
• 2024-10-07 Listed $419,900 CBRMLS
• 2024-07-16 Listing Removed — CBRMLS
• 2024-06-19 Price Changed $419,900 CBRMLS
• 2024-06-07 Listed $424,900 CBRMLS
• 2024-04-10 Listing Removed — CBRMLS
• 2024-03-05 Price Changed $424,900 CBRMLS
• 2024-02-27 Price Changed $435,000 CBRMLS
• 2024-02-02 Listed $445,000 CBRMLS
• 2022-08-31 Sold (Public Records) $215,000 Public Records
• 2022-08-29 Sold (MLS) $215,000 CBRMLS
• 2022-07-28 Contingent — CBRMLS
• 2022-07-08 Relisted — CBRMLS
• 2022-07-03 Contingent — CBRMLS
• 2022-06-22 Listed $209,900 CBRMLS
• 2022-06-17 Coming Soon $209,900 CBRMLS

Property tax history

+2.4%/yr

Latest (2022): $3,264 · -0.2% YoY. Source: county tax records.