967-973 Burr Ave · Grandview Heights, OH 43212

$629,000

24 bd · None ba · 3,645 sqft · MultiFamily public records · 94 Days on market

Built 1925 Est $643k · at est.

---

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 +28.5/30.0
• DSCR +10.0/10.0
• ARV discount +8.5/15.0
• 1% rule +7.4/10.0
• Schools +7.4/10.0
• Livability +4.7/5.0
• Rent growth +2.9/5.0
• 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: 4 units. confirmed

Listing remarks MLS

Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

Key facts

• Off street parking
• Brick duplex
• Built 1925

Tags

• BRICK DUPLEX
• OFF STREET PARKING
• ACCESS TO 315 AND 670
• GRANDVIEW HEIGHTS SCHOOLS

What this means for you Summary

Snapshot

• This is a 4 × 3-bed/?-bath units multifamily listed at $629k.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive. Per door: $514/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $629k).
• Recommended offer: $572k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 1.3% in Grandview Heights — 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 93/100 on livability (#3 in OH, #19 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, commute A+; Watch: cost of living F.
• Grandview Heights Schools (suburban): math 80% / reading 88% proficiency, ranked #29 of 656 in OH (top 4%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.6%/yr); 63 active listings in the ZIP; solid renter incomes; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $7,807/mo this rent would consume 121% of the median local household income ($77k/yr) (locally 1908% 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 $4k of loan paydown is wiped out by about $19k 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.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $176k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($572k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $180k; list at $629k implies a 249% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $572,390 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% 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 1925 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.24% ✓
• Cap rate: 10.21%
• Cash-on-cash: 14.00%
• DSCR: 1.62
• GRM: 6.7

CMA / ARV

• ARV (median comp): $643,468
• List price: $629,000
• Delta: -2.25%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.59% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $17,970
• Equity at exit: $93,786

10-year hold

• IRR: 10.9%
• Equity multiple: 1.80×
• Total profit: $140,457
• Equity at exit: $54,384

Cash invested: $176,120 (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 43212

• Rents YoY: 1.6%
• Active inventory: 63
• Price-to-rent: 26.9×

Monthly cashflow live

• Estimated rent: $7,807 high
• Mortgage (P&I): −$3,299
• Tax from tax record: −$553 /mo · $6,630/yr
• Insurance: −$262
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,639
• Net cashflow: $2,054

Break-even live

Break-even rent $5,207

Max offer price $629,000

Occupancy floor 69%

Sensitivity live

Price	-10% $2,410	-5% $2,232	+0% $2,054	+5% $1,876	+10% $1,698
Rent	-10% $1,438	-5% $1,746	+0% $2,054	+5% $2,363	+10% $2,671
Rate	-1.0pp $2,371	-0.5pp $2,214	base $2,054	+0.5pp $1,891	+1.0pp $1,726

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

Units	Beds	Baths	Est. rent
▸ 4× units	3	—	$7,808
Total (4 units)			$7,807

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: $157,250
• Closing costs: $18,870
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $629,000 Active 94 DOM
2. 2026-06-17
   days on market $629,000 Active 93 DOM
3. 2026-06-16
   days on market $629,000 Active 92 DOM
4. 2026-06-15
   days on market $629,000 Active 91 DOM
5. 2026-06-13
   days on market $629,000 Active 89 DOM
6. 2026-06-13
   days on market $629,000 Active 88 DOM
7. 2026-06-09
   days on market $629,000 Active 85 DOM
8. 2026-06-08
   days on market $629,000 Active 84 DOM
9. 2026-06-07
   days on market $629,000 Active 83 DOM
10. 2026-06-05
    days on market $629,000 Active 80 DOM
11. 2026-06-03
    days on market $629,000 Active 79 DOM
12. 2026-06-02
    days on market $629,000 Active 78 DOM
13. 2026-06-01
    days on market $629,000 Active 77 DOM
14. 2026-05-31
    days on market $629,000 Active 76 DOM
15. 2026-04-28
    status Active 1136-char remark

    Show marketing remark (1136 chars)

    Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

16. 2026-04-20
    historical Contingent 1136-char remark

    Show marketing remark (1136 chars)

    Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

17. 2026-04-07
    status Active 1136-char remark

    Show marketing remark (1136 chars)

    Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

18. 2026-04-03
    historical Contingent 1136-char remark

    Show marketing remark (1136 chars)

    Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

19. 2026-03-16
    listed $629,000 Active 1136-char remark

    Show marketing remark (1136 chars)

    Rare opportunity to own a ''blue-chip'' asset in the heart of Grandview Heights! This fully occupied, professionally managed brick duplex is a turn-key powerhouse designed for low-stress ownership. Both units feature spacious 3-bedroom layouts that command premium rents and provide a competitive edge in this high-demand market. Each unit has a basement with washer/dryer hook ups. Investors will appreciate that tenants pay all utilities, keeping overhead low and margins predictable. The location is truly unbeatable: you are steps from the world-class dining and entertainment at Grandview Yard, minutes from Downtown Columbus, and have instant access to 315 and 670. The property includes the highly coveted amenity of off-street parking, a major value-add for this urban corridor. This duplex is ideally suited to be sold as a package with the 4-unit building at 827-833 Northwest Blvd. Snagging both properties provides a rare 6-door portfolio in one of Columbus's most appreciating pockets. Grandview Heights schools and prime location make this a must-add for any serious investor. * Curb offers only. DO NOT DISTURB TENANTS. *

20. 2001-04-10
    soldstatus $180,000

ⓘ 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: $6,630 · $553/mo
• Projected year-2 tax: $8,221 · $685/mo
• Expected delta: +$1,591/yr (+$133/mo · 24.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 17% 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $93,684
• − Mortgage interest: −$35,234
• − Property taxes: −$6,630
• − Insurance: −$3,145
• − Repairs & maintenance: −$7,495
• − Management: −$7,495
• − Depreciation: −$18,298
• Taxable income: $15,387
• Est. tax owed @ 24.0%: −$3,693
• After-tax cash flow: $20,959/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: Grandview Heights Schools
• NCES district ID: 3904407
• Math proficiency: 80% ▼ -9.00%
• Reading proficiency: 88% ▼ -1.00%
• Median HH income: $81,124
• Composite: 73.93/100
• National rank: #167
• State rank: #29 of 656 in OH

Livability — Grandview Heights

• Score: 93/100
• State rank: #3
• US rank: #19

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grandview Heights, OH
• County: Franklin County · 1,351,780 people
• Metro: Columbus, OH
• Population (ZIP): 23,405
• Household income: $77,257
• Rent vs Own: 68.2% rent · 31.8% own
• Severe rent burden: 1908.0

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: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 7% Hispanic / Latino 5% Asian 5% Black 4%
• Common ancestry: Romanian 4% Slovak 3% Italian 2%
• Foreign-born: 6% · China, Canada
• Languages at home: 92% English-only · Spanish 2% Chinese 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: ▼ -614.37%
• Current HPI: 312.7093
• Rent YoY: ▲ 1.59%
• 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

+249.4% since first listed

6 events — show timeline

• 2026-04-28 Relisted — CBRMLS
• 2026-04-20 Contingent — CBRMLS
• 2026-04-07 Relisted — CBRMLS
• 2026-04-03 Contingent — CBRMLS
• 2026-03-16 Listed $629,000 CBRMLS
• 2001-04-10 Sold (Public Records) $180,000 Public Records

Property tax history

+4.3%/yr

Latest (2024): $6,630 · +13.9% YoY. Source: county tax records.