3753 W National Rd · Springfield, OH 45504

$144,900

3 bd · 2.5 ba · 2,440 sqft · MultiFamily public records · 32 Days on market

Built 1870 0.32 ac lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

Key facts

• Two bathrooms
• Brick triplex
• Very large carport

Tags

• BRICK TRIPLEX
• MAJOR UPDATES
• TWO BATHROOMS
• VERY LARGE CARPORT
• TWO CAR GARAGE
• NEW MINI SPLITS

Property features AI

Finance

• Financial info: Currently listed for sale; Gross rental income reported as $2,000

Exterior

• Parking: Detached two-car garage
• Utilities: Public utilities with central air and electric heating
• Home design: Two-story building; Brick construction
• Construction: Brick exterior
• Exterior features: Residential zoning; Lot approximately 0.32 acres

Interior

• Bedrooms: One-bedroom and two-bedroom units (multi-unit property)
• Bathrooms: Three full bathrooms (total)
• Heating & cooling: Central air conditioning; Electric forced-air heating with individual controls
• Interior features: Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 2×2bd/1ba + 1×1bd/1ba units multifamily listed at $145k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $475/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.1% vs local median 4.8% in Springfield — 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 56/100 on livability (#1,108 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Clark-Shawnee Local (rural): math 54% / reading 62% proficiency, ranked #301 of 656 in OH (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Shawnee Elementary School (math 47% / reading 52%, grade D, #906 of 1,584 statewide, top 59%, 1,010 students, 46% FRL); Shawnee Middle School/High School (math 47% / reading 67%, grade C, #275 of 781 statewide, top 37%, 687 students, 46% FRL).
• Market conditions: 93 active listings in the ZIP; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• At $3,111/mo this rent would consume 55% of the median local household income ($67k/yr) — 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Clark County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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.

Risks & watch-outs

• Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% 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 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 2.15% ✓
• Cap rate: 18.09%
• Cash-on-cash: 42.12%
• DSCR: 2.87
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 38.8%
• Equity multiple: 2.66×
• Total profit: $67,293
• Equity at exit: $21,605

10-year hold

• IRR: 45.3%
• Equity multiple: 5.33×
• Total profit: $175,668
• Equity at exit: $12,528

Cash invested: $40,572 (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 45504

• Active inventory: 93
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $3,111 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$213 /mo · $2,559/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $1,424

Break-even live

Break-even rent $1,308

Max offer price $144,900

Occupancy floor 49%

Sensitivity live

Price	-10% $1,506	-5% $1,465	+0% $1,424	+5% $1,383	+10% $1,342
Rent	-10% $1,178	-5% $1,301	+0% $1,424	+5% $1,547	+10% $1,670
Rate	-1.0pp $1,497	-0.5pp $1,461	base $1,424	+0.5pp $1,387	+1.0pp $1,348

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,116
1× unit	1	1	$994
Total (3 units)			$3,111

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $144,900 Active 32 DOM
2. 2026-06-18
   days on market $144,900 Active 31 DOM
3. 2026-06-17
   days on market $144,900 Active 30 DOM
4. 2026-06-16
   days on market $144,900 Active 29 DOM
5. 2026-06-15
   days on market $144,900 Active 28 DOM
6. 2026-06-14
   days on market $144,900 Active 26 DOM
7. 2026-06-12
   days on market $144,900 Active 25 DOM
8. 2026-06-09
   days on market $144,900 Active 22 DOM
9. 2026-06-08
   days on market $144,900 Active 21 DOM
10. 2026-06-07
    pricedays on market $144,900 Active 20 DOM
11. 2026-06-05
    days on market $145,000 Active 17 DOM
12. 2026-06-03
    days on market $145,000 Active 16 DOM
13. 2026-06-02
    days on market $145,000 Active 15 DOM
14. 2026-06-01
    days on market $145,000 Active 14 DOM
15. 2026-05-31
    days on market $145,000 Active 13 DOM
16. 2026-05-30
    days on market $145,000 Active 12 DOM
17. 2026-05-18
    listed $145,000 Active
18. 2021-02-22
    soldstatus $146,500
19. 2021-02-11
    soldstatus $146,500 868-char remark

    Show marketing remark (874 chars)

    Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

20. 2021-02-11
    soldstatus $146,500 874-char remark

    Show marketing remark (874 chars)

    Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

21. 2021-02-11
    soldstatus $146,500 Closed 874-char remark

    Show marketing remark (874 chars)

    Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

22. 2020-07-27
    listed $154,900 874-char remark

    Show marketing remark (874 chars)

    Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

23. 2020-07-24
    listed $154,900 868-char remark

    Show marketing remark (868 chars)

    Here is a GREAT opportunity to become an owner occupant or add this tri-plex to your investment portfolio. Currently the owner lives in Unit One (lower level). Easy access to this unit. Gas forced air heat & AC. Appliances are negotiable in this unit only. Owner is relocating and is Negotiable on his occupancy. Owner is currently using the 22 x 24 garage. Unit 2 (upper level) 1 bedroom, currently rents for $475 and is in a lease. Electric baseboard heat & window AC unit. Unit 3 (upper level) 2 bedroom, currently rents for $550 and is also in a lease. Electric baseboard heat & window AC unit. IMPROVEMENTS: (PER SELLER) Roof 5 yrs old. Furnace (unit 1) 5 yrs old. AC (unit 1) 2 yrs old. PEX Plumbing throughout 1 year old. Gas water heater (for all units) 1 year old. Electric panel & outside service updated 3 years ago. Black top 6 years old.

24. 2004-05-07
    soldstatus $71,000
25. 1993-11-08
    soldstatus $44,100
26. 1991-01-09
    soldstatus $44,001
27. 1990-04-09
    soldstatus $40,000
28. 1986-04-16
    soldstatus $35,000

ⓘ 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: $2,559 · $213/mo
• Projected year-2 tax: $2,559 · $213/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,332
• − Mortgage interest: −$8,117
• − Property taxes: −$2,559
• − Insurance: −$724
• − Repairs & maintenance: −$2,987
• − Management: −$2,987
• − Depreciation: −$4,215
• Taxable income: $15,743
• Est. tax owed @ 24.0%: −$3,778
• After-tax cash flow: $13,312/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: Clark-Shawnee Local
• NCES district ID: 3904628
• Math proficiency: 54% ▼ -13.00%
• Reading proficiency: 62% ▼ -4.00%
• Median HH income: $59,411
• Composite: 50.29/100
• National rank: #1884
• State rank: #301 of 656 in OH

Livability — Springfield

• Score: 56/100
• State rank: #1108
• US rank: #22551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clark · 134,280 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 16,654
• Household income: $67,334
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 6.4

Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.72%
• Current HPI: 240.7049
• Rent YoY: —
• Metro: —
• 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

+314.3% since first listed

12 events — show timeline

• 2026-05-18 Listed $145,000 Dayton MLS
• 2021-02-22 Sold (Public Records) $146,500 Public Records
• 2021-02-11 Sold (MLS) $146,500 Dayton MLS
• 2021-02-11 Sold (MLS) $146,500 Dayton MLS
• 2021-02-11 Sold (MLS) $146,500 WRIST
• 2020-07-27 Listed $154,900 Dayton MLS
• 2020-07-24 Listed $154,900 WRIST
• 2004-05-07 Sold (Public Records) $71,000 Public Records
• 1993-11-08 Sold (Public Records) $44,100 Public Records
• 1991-01-09 Sold (Public Records) $44,001 Public Records
• 1990-04-09 Sold (Public Records) $40,000 Public Records
• 1986-04-16 Sold (Public Records) $35,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $2,559 · +9.4% YoY. Source: county tax records.