478 Avondale Ave · Marion, OH 43302

$134,000

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 36 Days on market

Built 1902 5,662 sqft lot Est $136k · at est.

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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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +8.0/15.0
• 1% rule +5.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

Key facts

• Newer roof
• First floor laundry
• Newer siding

Tags

• UPDATED KITCHEN
• FIRST FLOOR LAUNDRY
• FULLY REMODELED BATHROOM
• NEWER SIDING
• NEWER ROOF
• NEW WINDOWS

Property features AI

Finance

• HOA & community: Sidewalk (association amenity)

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1902; No shared/common walls
• Construction: Block foundation
• Exterior features: Sidewalk; Additional parcel included

Interior

• Flooring: Wood flooring; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; Insulated windows throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $130k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 6.8% in Marion — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 208 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($55k/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 $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,980 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1902 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.18%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $135,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
535 Toledo Ave	0.11mi	3/1.0	1,182 (-4%)	4mo	$16,000	$14	85
523 Thompson St	0.31mi	3/1.0	1,264 (+3%)	4mo	$147,000	$116	78
434 Scranton Ave	0.22mi	2/1.0 (-1)	1,176 (-4%)	8mo	$129,000	$110	71
408 Scranton Ave	0.23mi	3/1.0	1,376 (+12%)	2mo	$75,000	$55	68
355 Lee St	0.42mi	4/1.5 (+1)	1,304 (+6%)	4mo	$152,000	$117	60
636 Mary St	0.51mi	3/1.0	1,144 (-7%)	5mo	$57,360	$50	60
125 Wallace St	0.74mi	3/1.0	1,242 (+1%)	5mo	$55,000	$44	60
525 Oak St	0.52mi	3/1.0	1,100 (-11%)	1mo	$144,000	$131	57
373 W Church St	0.74mi	3/1.5	1,354 (+10%)	1mo	$84,000	$62	46
350 Mary St	0.53mi	4/2.0 (+1)	1,384 (+12%)	4mo	$170,500	$123	42
532 N Prospect St	0.63mi	2/1.0 (-1)	1,056 (-14%)	1mo	$124,900	$118	41
134 Waterloo St	0.64mi	2/1.0 (-1)	1,048 (-15%)	5mo	$60,000	$57	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.91×
• Total profit: $-3,486
• Equity at exit: $19,980

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $20,315
• Equity at exit: $11,586

Cash invested: $37,520 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 208
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,402 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$62 /mo · $746/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $287

Break-even live

Break-even rent $1,039

Max offer price $134,000

Occupancy floor 75%

Sensitivity live

Price	-10% $363	-5% $325	+0% $287	+5% $249	+10% $211
Rent	-10% $176	-5% $231	+0% $287	+5% $342	+10% $398
Rate	-1.0pp $354	-0.5pp $321	base $287	+0.5pp $252	+1.0pp $217

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 Garden St Unit 131 Marion, OH	2.0	1.0	752	$900	$1.20	45d	1	0.63mi

Listing history 27 events

1. 2026-06-21
   days on market $134,000 Active 36 DOM
2. 2026-06-19
   days on market $134,000 Active 34 DOM
3. 2026-06-18
   days on market $134,000 Active 33 DOM
4. 2026-06-17
   days on market $134,000 Active 32 DOM
5. 2026-06-16
   days on market $134,000 Active 31 DOM
6. 2026-06-15
   pricedays on market $134,000 Active 30 DOM
7. 2026-06-14
   days on market $139,000 Active 28 DOM
8. 2026-06-12
   days on market $139,000 Active 27 DOM
9. 2026-06-09
   days on market $139,000 Active 24 DOM
10. 2026-06-08
    days on market $139,000 Active 23 DOM
11. 2026-06-07
    days on market $139,000 Active 22 DOM
12. 2026-06-05
    days on market $139,000 Active 19 DOM
13. 2026-06-03
    days on market $139,000 Active 18 DOM
14. 2026-06-02
    days on market $139,000 Active 17 DOM
15. 2026-06-01
    days on market $139,000 Active 16 DOM
16. 2026-05-31
    days on market $139,000 Active 15 DOM
17. 2026-05-30
    days on market $139,000 Active 14 DOM
18. 2026-05-16
    listed $144,500 Active
19. 2023-11-28
    soldstatus $132,500
20. 2023-11-15
    soldstatus $132,500 Closed 757-char remark

    Show marketing remark (757 chars)

    Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

21. 2023-09-23
    historical Contingent Finance and Inspection 757-char remark

    Show marketing remark (757 chars)

    Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

22. 2023-09-16
    price $135,000 757-char remark

    Show marketing remark (757 chars)

    Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

23. 2023-09-09
    listed $139,900 Active 757-char remark

    Show marketing remark (757 chars)

    Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

24. 2023-09-09
    historical $139,900 757-char remark

    Show marketing remark (757 chars)

    Welcome to 478 Avondale Ave, a BEAUTIFULLY remodeled home seconds from downtown Marion, the county fairgrounds and multiple parks! Step inside to all new luxury vinyl flooring, fresh paint, brand new light fixtures and a new kitchen featuring new cabinets, stainless appliances and tile backsplash! Enjoy first floor laundry before heading upstairs to 3 large bedrooms and a fully remodeled bathroom with all new fixtures! Nothing left to do but move right in, as this home has new siding, a new roof, new windows, new doors and brand new HVAC (furnace, AC and water heater)! Tons of storage in the basement, along with a MASSIVE, quarter acre+ double lot (additional parcel included) and a convenient 2 car detached garage! It doesn't get better than this!

25. 2023-07-14
    soldstatus $37,000 Closed 303-char remark

    Show marketing remark (303 chars)

    FIXER-UPPER This home features three bedrooms, one bath and approx. 1, 232 square feet of living space. There is a nice size living room with three bedrooms and full bathroom. New siding in 2023, double lot for a larger yard. Home is in need of repair but would make a great fixer-upper to flip or rent.

26. 2023-06-26
    status Pending 303-char remark

    Show marketing remark (303 chars)

    FIXER-UPPER This home features three bedrooms, one bath and approx. 1, 232 square feet of living space. There is a nice size living room with three bedrooms and full bathroom. New siding in 2023, double lot for a larger yard. Home is in need of repair but would make a great fixer-upper to flip or rent.

27. 2023-06-22
    listed $30,000 Active 303-char remark

    Show marketing remark (303 chars)

    FIXER-UPPER This home features three bedrooms, one bath and approx. 1, 232 square feet of living space. There is a nice size living room with three bedrooms and full bathroom. New siding in 2023, double lot for a larger yard. Home is in need of repair but would make a great fixer-upper to flip or rent.

ⓘ 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: $746 · $62/mo
• Projected year-2 tax: $1,418 · $118/mo
• Expected delta: +$672/yr (+$56/mo · 90.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,825
• − Mortgage interest: −$7,506
• − Property taxes: −$746
• − Insurance: −$670
• − Repairs & maintenance: −$1,346
• − Management: −$1,346
• − Depreciation: −$3,898
• Taxable income: $1,312
• Est. tax owed @ 24.0%: −$315
• After-tax cash flow: $3,128/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, 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

+381.7% since first listed

10 events — show timeline

• 2026-05-16 Listed $144,500 CBRMLS
• 2023-11-28 Sold (Public Records) $132,500 Public Records
• 2023-11-15 Sold (MLS) $132,500 CBRMLS
• 2023-09-23 Contingent — CBRMLS
• 2023-09-16 Price Changed $135,000 CBRMLS
• 2023-09-09 Listed $139,900 CBRMLS
• 2023-09-09 Coming Soon $139,900 CBRMLS
• 2023-07-14 Sold (MLS) $37,000 CBRMLS
• 2023-06-26 Pending — CBRMLS
• 2023-06-22 Listed $30,000 CBRMLS

Property tax history

+1.7%/yr

Latest (2025): $746 · +0.0% YoY. Source: county tax records.