14510 Granger Rd · Maple Heights, OH 44137

$235,000

4 bd · 2.0 ba · 2,184 sqft · MultiFamily public records · 51 Days on market

Built 1930 0.32 ac lot $108/sqft · 50% above area Est $200k · 18% over

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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 +26.2/30.0
• DSCR +8.9/10.0
• 1% rule +7.4/10.0
• Rent growth +5.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• ARV discount +0.0/15.0
• 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

2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

Key facts

• Updated electrical
• Front duplex
• Newer furnaces

Tags

• FRONT DUPLEX
• REAR COTTAGE-STYLE HOME
• FULL BASEMENTS
• NEWER FURNACES
• UPDATED ELECTRICAL
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.5-bath units multifamily listed at $235k.

Deal economics

• At list price, monthly cash flow is $601 ($7k/yr) — positive. Per door: $300/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $235k).
• Recommended offer: $228k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 7.7% in Maple Heights — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 70/100 on livability (#470 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety A-; Watch: schools D+, crime D, employment D.
• Maple Heights City (suburban): math 14% / reading 25% proficiency, ranked #630 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+14.8%/yr); 86 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $2,909/mo this rent would consume 65% of the median local household income ($54k/yr) (locally 971% 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 $7k of value loss. Plan a longer hold.
• Cuyahoga County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $66k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $45k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $108k; list at $235k implies a 119% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $227,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1930 — 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. 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?
7. 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?
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: 9.36%
• Cash-on-cash: 10.96%
• DSCR: 1.49
• GRM: 6.7

CMA / ARV

• ARV (median comp): $199,972
• List price: $235,000
• Delta: 17.52%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.8%
• Equity multiple: 1.24×
• Total profit: $15,641
• Equity at exit: $35,039

10-year hold

• IRR: 19.4%
• Equity multiple: 3.02×
• Total profit: $133,217
• Equity at exit: $20,319

Cash invested: $65,800 (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 44137

• Home prices YoY: -34.7%
• Rents YoY: 14.8%
• Active inventory: 86
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $2,909 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$367 /mo · $4,405/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$611
• Net cashflow: $601

Break-even live

Break-even rent $2,149

Max offer price $235,000

Occupancy floor 74%

Sensitivity live

Price	-10% $734	-5% $667	+0% $601	+5% $534	+10% $468
Rent	-10% $371	-5% $486	+0% $601	+5% $716	+10% $831
Rate	-1.0pp $719	-0.5pp $660	base $601	+0.5pp $540	+1.0pp $478

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$2,908
Total (2 units)			$2,909

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5270 Beech Ave Maple Heights, OH	3.0	1.0	1401	$1,350	$0.96	17d	1	0.07mi
13319 McCracken Rd Cleveland, OH	3.0	1.0	1664	$2,000	$1.20	5d	1	0.60mi
15913 Grant Ave Maple Heights, OH	3.0	1.5	1400	$1,390	$0.99	17d	1	0.71mi
5225 Theodore St Maple Heights, OH	3.0	1.0	1785	$1,450	$0.81	5d	1	0.93mi
5069 Henry St Cleveland, OH	3.0	2.0	1575	$2,000	$1.27	22d	1	0.99mi
14509 Rockside Rd Maple Heights, OH	3.0	2.0	1430	$2,300	$1.61	3d	1	1.00mi
5508 Grasmere Ave Maple Heights, OH	3.0	2.0	1834	$1,710	$0.93	45d	1	1.14mi
13629 Cranwood Park Blvd Cleveland, OH	3.0	1.0	1525	$1,500	$0.98	25d	1	1.16mi
5153 Cato St Maple Heights, OH	4.0	2.0	1560	$1,850	$1.19	25d	1	1.37mi
11107 Park Heights Ave Cleveland, OH	4.0	2.0	1640	$2,000	$1.22	3d	1	1.41mi

Listing history 16 events

1. 2026-05-14
   status Pending 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

2. 2026-04-20
   price $235,000 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

3. 2026-04-12
   price $249,999 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

4. 2026-04-12
   price $250,000 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

5. 2026-04-06
   status Active 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

6. 2026-02-16
   status Pending 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

7. 2026-02-05
   price $269,900 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

8. 2026-01-30
   listed $279,995 Active 519-char remark

   Show marketing remark (519 chars)

   2 Homes on one property. The front duplex has 2 units with each having 2 bedrooms, a large living room with a fireplace, dining room Kitchen and la full bathroom. The rear cottage-style home features a kitchen entry and living room entry, a bedroom, a living room, a bonus room, and a large bathroom. Both homes have full basements. Additional features include 3 newer furnaces, updated electrical, a 2-car garage, and a large backyard. 14512 Granger (house that shares the driveway) is also for sale by the same owner.

9. 2024-01-26
   soldstatus $107,500
10. 2024-01-24
    status Pending 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

11. 2024-01-24
    soldstatus $215,000 Closed 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

12. 2023-12-01
    historical Contingent 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

13. 2023-11-17
    status Active 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

14. 2023-08-08
    historical Contingent 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

15. 2023-07-24
    listed $275,000 Active 430-char remark

    Show marketing remark (430 chars)

    Unique One of A Kind Property! A little community that includes 2 duplex homes plus a cottage all on over half an acre with a secluded park like private back yard oasis! Duplexes are now vacant! The cottage has a long term tenant as well and is 2 bedroom 1 full bath. The driveway is shared and has a 3 car garage and shed. Furnace in 14512 Granger was installed in 2020. Pella windows have been replaced annually a few each year.

16. 1994-12-08
    soldstatus $37,000

ⓘ 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: $4,405 · $367/mo
• Projected year-2 tax: $4,405 · $367/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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,908
• − Mortgage interest: −$13,164
• − Property taxes: −$4,405
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,793
• − Management: −$2,793
• − Depreciation: −$6,836
• Taxable income: $3,742
• Est. tax owed @ 24.0%: −$898
• After-tax cash flow: $6,310/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: Maple Heights City
• NCES district ID: 3904430
• Math proficiency: 14% ▼ -22.00%
• Reading proficiency: 25% ▼ -11.00%
• Median HH income: $38,856
• Composite: 16.39/100
• National rank: #9197
• State rank: #630 of 656 in OH

Livability — Maple Heights

• Score: 70/100
• State rank: #470
• US rank: #7818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maple Heights, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 23,285
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 23,285
• Household income: $53,918
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 971.0

Population outlook (Cuyahoga County) Hauer SSP2

• Today (2025): 1,244,621 people
• By 2030: 1,230,093 · -1.2%
• By 2040: 1,189,108 · -4.5%
• By 2050: 1,145,706 · -7.9%
• By 2075: 1,076,557 · -13.5%
• By 2100: 978,987 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (74%)
• Race & ethnicity: Black 74% White 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Scotch-Irish 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Cuyahoga

• 2024 margin: Solid D (+31.5) · D 65.4% · R 33.9%
• 2008→2024 swing: -7.4pp toward R · 2008: 38.9pp · 2024: 31.5pp
• All cycles: 2024: D+31.5 2020: D+34.1 2016: D+35.0 2012: D+38.7 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.37%
• Current HPI: 164.4326
• Rent YoY: ▲ 14.82%
• Metro: Cleveland-Elyria, 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

+535.1% since first listed

16 events — show timeline

• 2026-05-14 Pending — MLSNOW
• 2026-04-20 Price Changed $235,000 MLSNOW
• 2026-04-12 Price Changed $249,999 MLSNOW
• 2026-04-12 Price Changed $250,000 MLSNOW
• 2026-04-06 Relisted — MLSNOW
• 2026-02-16 Pending — MLSNOW
• 2026-02-05 Price Changed $269,900 MLSNOW
• 2026-01-30 Listed $279,995 MLSNOW
• 2024-01-26 Sold (Public Records) $107,500 Public Records
• 2024-01-24 Pending — MLSNOW
• 2024-01-24 Sold (MLS) $215,000 MLSNOW
• 2023-12-01 Contingent — MLSNOW
• 2023-11-17 Relisted — MLSNOW
• 2023-08-08 Contingent — MLSNOW
• 2023-07-24 Listed $275,000 MLSNOW
• 1994-12-08 Sold (Public Records) $37,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $4,405 · +21.9% YoY. Source: county tax records.