1434 E 222nd St · Euclid, OH 44117

$250,000

4 bd · 2.0 ba · 2,240 sqft · MultiFamily public records · 31 Days on market

Built 1964 5,758 sqft lot

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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 +25.2/30.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• 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

Turnkey Euclid duplex with strong income potential! Welcome to 1343 E 222nd Street, a solid brick duplex offering two spacious units, each featuring 3 bedrooms and 1 full bath. This is a great opportunity for investors or house hackers looking for a clean, violation-free property with major updates already in place. The downstairs unit has been recently renovated and is currently vacant, making it easy to show along with the basement. The upstairs unit is occupied by a month-to-month tenant paying $1,080/month and is in good condition, with access available after an accepted offer. The downstairs unit is currently being placed with a Section 8 tenant for July 1st, and Section 8 vouchers may pay up to $1,570 per unit, creating excellent rental upside. The home features all newer mechanicals, including 2025 furnaces, newer hot water tanks, young-looking A/C units, and updated electrical panels. The partially finished basement adds additional usable space and includes another full bathroom. The basement has also been previously waterproofed, offering added peace of mind. With its beautiful brick exterior, violation-free status, updated systems, and strong rental potential, this property is a true turnkey opportunity for investors and owner-occupants alike. The first-floor unit and basement are vacant and easy to show.

Key facts

• Solid brick duplex
• Recently renovated
• Newer mechanicals

Tags

• SOLID BRICK DUPLEX
• RECENTLY RENOVATED
• NEWER MECHANICALS
• UPDATED ELECTRICAL PANELS
• PARTIALLY FINISHED BASEMENT
• PREVIOUSLY WATERPROOFED

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1-bath units multifamily listed at $250k.

Deal economics

• At list price, monthly cash flow is $563 ($7k/yr) — positive. Per door: $282/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 6.8% in Euclid — 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 77/100 on livability (#204 in OH, #3,149 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools C-, commute F, employment D-.
• Euclid City (suburban): math 14% / reading 28% proficiency, ranked #625 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 33 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $2,875/mo this rent would consume 80% of the median local household income ($43k/yr) (locally 970% 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 $8k 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.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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 $190k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $242,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1964 — 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. 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 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: 1.15% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.66%
• DSCR: 1.43
• GRM: 7.2

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: -1.7%
• Equity multiple: 0.93×
• Total profit: $-4,606
• Equity at exit: $37,276

10-year hold

• IRR: 8.0%
• Equity multiple: 1.60×
• Total profit: $42,309
• Equity at exit: $21,615

Cash invested: $70,000 (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 44117

• Home prices YoY: -9.8%
• Active inventory: 33
• Price-to-rent: 14.5×

Monthly cashflow live

• Estimated rent: $2,875 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$293 /mo · $3,514/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$604
• Net cashflow: $563

Break-even live

Break-even rent $2,162

Max offer price $250,000

Occupancy floor 75%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,874
Total (2 units)			$2,875

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	10d	1	0.12mi
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	14d	1	0.12mi
22680 Coulter Ave Unit 1 Euclid, OH	4.0	2.0	1428	$1,600	$1.12	21d	1	0.18mi
19450 Monterey Ave Cleveland, OH	5.0	1.5	1800	$1,690	$0.94	4d	1	1.34mi
19330 Monterey Ave Cleveland, OH	4.0	1.5	1578	$1,450	$0.92	2d	1	1.37mi

Listing history 28 events

1. 2026-06-18
   days on market $250,000 Active 31 DOM
2. 2026-06-17
   days on market $250,000 Active 30 DOM
3. 2026-06-16
   days on market $250,000 Active 29 DOM
4. 2026-06-15
   days on market $250,000 Active 28 DOM
5. 2026-06-13
   pricedays on market $250,000 Active 26 DOM
6. 2026-06-09
   days on market $260,000 Active 22 DOM
7. 2026-06-08
   days on market $260,000 Active 21 DOM
8. 2026-06-07
   days on market $260,000 Active 20 DOM
9. 2026-06-05
   days on market $260,000 Active 17 DOM
10. 2026-06-03
    days on market $260,000 Active 16 DOM
11. 2026-06-02
    days on market $260,000 Active 15 DOM
12. 2026-06-01
    days on market $260,000 Active 14 DOM
13. 2026-05-31
    days on market $260,000 Active 13 DOM
14. 2026-05-18
    listed $260,000 Active 1339-char remark

    Show marketing remark (1339 chars)

    Turnkey Euclid duplex with strong income potential! Welcome to 1343 E 222nd Street, a solid brick duplex offering two spacious units, each featuring 3 bedrooms and 1 full bath. This is a great opportunity for investors or house hackers looking for a clean, violation-free property with major updates already in place. The downstairs unit has been recently renovated and is currently vacant, making it easy to show along with the basement. The upstairs unit is occupied by a month-to-month tenant paying $1,080/month and is in good condition, with access available after an accepted offer. The downstairs unit is currently being placed with a Section 8 tenant for July 1st, and Section 8 vouchers may pay up to $1,570 per unit, creating excellent rental upside. The home features all newer mechanicals, including 2025 furnaces, newer hot water tanks, young-looking A/C units, and updated electrical panels. The partially finished basement adds additional usable space and includes another full bathroom. The basement has also been previously waterproofed, offering added peace of mind. With its beautiful brick exterior, violation-free status, updated systems, and strong rental potential, this property is a true turnkey opportunity for investors and owner-occupants alike. The first-floor unit and basement are vacant and easy to show.

15. 2025-06-24
    soldstatus $190,000 Closed 30-char remark

    Show marketing remark (30 chars)

    Entered for Comp Purposes Only

16. 2025-04-26
    listed $190,000 Active 30-char remark

    Show marketing remark (30 chars)

    Entered for Comp Purposes Only

17. 2016-12-14
    status Pending
18. 2016-12-14
    listed $80,000 Active
19. 2016-12-12
    soldstatus $80,000 Sold
20. 2016-12-12
    soldstatus $80,000
21. 2015-08-27
    historical
22. 2015-07-06
    price $80,423
23. 2015-06-04
    price $90,423
24. 2015-03-12
    price $92,000
25. 2015-03-05
    listed $95,000 Active
26. 2006-01-30
    soldstatus $175,000
27. 1990-12-27
    soldstatus $93,000
28. 1983-05-19
    soldstatus $86,000

ⓘ 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: $3,514 · $293/mo
• Projected year-2 tax: $3,707 · $309/mo
• Expected delta: +$193/yr (+$16/mo · 5.5%)

ⓘ 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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,500
• − Mortgage interest: −$14,004
• − Property taxes: −$3,514
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,760
• − Management: −$2,760
• − Depreciation: −$7,273
• Taxable income: $2,940
• Est. tax owed @ 24.0%: −$706
• After-tax cash flow: $6,053/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: Euclid City
• NCES district ID: 3904395
• Math proficiency: 14% ▼ -19.00%
• Reading proficiency: 28% ▼ -14.00%
• Median HH income: $36,385
• Composite: 17.39/100
• National rank: #9067
• State rank: #625 of 656 in OH

Livability — Euclid

• Score: 77/100
• State rank: #204
• US rank: #3149

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 41,855
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 9,172
• Household income: $43,013
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 970.0

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 (71%)
• Race & ethnicity: Black 71% White 22% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Romanian 1% Serbian 1%
• Foreign-born: 2%
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -23.42%
• Current HPI: 214.6784
• Rent YoY: —
• 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

+202.3% since first listed

15 events — show timeline

• 2026-05-18 Listed $260,000 MLSNOW
• 2025-06-24 Sold (MLS) $190,000 MLSNOW
• 2025-04-26 Listed $190,000 MLSNOW
• 2016-12-14 Pending — MLSNOW
• 2016-12-14 Listed $80,000 MLSNOW
• 2016-12-12 Sold (Public Records) $80,000 Public Records
• 2016-12-12 Sold (MLS) $80,000 MLSNOW
• 2015-08-27 Listing Removed — MLSNOW
• 2015-07-06 Price Changed $80,423 MLSNOW
• 2015-06-04 Price Changed $90,423 MLSNOW
• 2015-03-12 Price Changed $92,000 MLSNOW
• 2015-03-05 Listed $95,000 MLSNOW
• 2006-01-30 Sold (Public Records) $175,000 Public Records
• 1990-12-27 Sold (Public Records) $93,000 Public Records
• 1983-05-19 Sold (Public Records) $86,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $3,514 · -3.0% YoY. Source: county tax records.