645 Logan St · Steubenville, OH 43952

$40,000

4 bd · 1.5 ba · 2,147 sqft · SingleFamily public records · 137 Days on market

3,920 sqft lot Est $39k · at est. ↓ 58% since listing

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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
• Schools +6.0/10.0
• ARV discount +5.9/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious home in historic downtown Steubenville near schools, restaurants, public transportation and highway access. This house has never been on the market, having had only 1 owner for nearly 50 years. There is plenty of space for a large family, or it can be used as an upstairs and downstairs duplex with outside entrance to the top floor through door on enclosed front porch. Natural light flows through the large windows, and views of the WV side of the river can be seen from the 2nd floor. The high ceilings and old style charm make for a blank, solid canvas. .. bring your cosmetic upgrades and creative ideas! This unique property has multiple uses and is ready for its new owners.

Key facts

• Highway access
• Outside entrance
• Enclosed front porch

Tags

• HISTORIC DOWNTOWN STEUBENVILLE
• PUBLIC TRANSPORTATION
• HIGHWAY ACCESS
• UPSTAIRS AND DOWNSTAIRS DUPLEX
• OUTSIDE ENTRANCE
• ENCLOSED FRONT PORCH

Property features AI

Exterior

• Parking: Detached garage; On-street parking; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Two stories; Stone foundation
• Construction: Wood siding; Shingle roof; Built with stone foundation
• Exterior features: Enclosed porch; Patio; Porch; City lot; Near public transit

Interior

• Kitchen: Eat-in kitchen; Second-floor kitchen
• Bedrooms: Two main-level bedrooms; Additional bedrooms on second floor
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Baseboard heating
• Interior features: Double pane windows; High ceilings; Full basement with interior entry and walk-out access; 9 total rooms
• Laundry & utility: Laundry in basement; Washer and dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $837 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 31.4% vs local median 5.2% in Steubenville — 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 76/100 on livability (#214 in OH, #3,318 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• Steubenville City (urban): math 74% / reading 71% proficiency, ranked #150 of 656 in OH (top 23%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 98 active listings in the ZIP; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($48k/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 $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.

Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 3.52% ✓
• Cap rate: 31.39%
• Cash-on-cash: 89.65%
• DSCR: 4.99
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $38,646
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1148 Wellesley Ave Ave	0.36mi	4/2.0	2,176 (+1%)	22mo	$165,000	$76	60
1118 Wellesley Ave	0.30mi	3/2.5 (-1)	2,427 (+13%)	12mo	$204,000	$84	45
711 Wilkins St	0.38mi	3/1.5 (-1)	1,836 (-14%)	13mo	$7,500	$4	42
1333 Ridge Ave	0.54mi	3/1.5 (-1)	1,960 (-9%)	20mo	$35,000	$18	39
239 S 5th St	0.65mi	5/2.0 (+1)	2,289 (+7%)	23mo	$17,000	$7	32

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: 90.3%
• Equity multiple: 5.18×
• Total profit: $46,830
• Equity at exit: $5,964

10-year hold

• IRR: 93.3%
• Equity multiple: 10.78×
• Total profit: $109,485
• Equity at exit: $3,458

Cash invested: $11,200 (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 43952

• Active inventory: 98
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,409 medium
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $837

Break-even live

Break-even rent $350

Max offer price $40,000

Occupancy floor 36%

Sensitivity live

Price	-10% $864	-5% $851	+0% $837	+5% $823	+10% $809
Rent	-10% $725	-5% $781	+0% $837	+5% $892	+10% $948
Rate	-1.0pp $857	-0.5pp $847	base $837	+0.5pp $826	+1.0pp $816

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-04-29
   status Pending
2. 2026-04-13
   price $40,000
3. 2026-03-17
   price $60,000
4. 2026-03-03
   price $70,000
5. 2026-01-20
   price $75,000
6. 2025-12-22
   price $85,000
7. 2025-12-13
   listed $95,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥97°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,908
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$1,164
• Taxable income: $9,999
• Est. tax owed @ 24.0%: −$2,400
• After-tax cash flow: $7,641/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: Steubenville City
• NCES district ID: 3904482
• Math proficiency: 74% ▼ -15.00%
• Reading proficiency: 71% ▼ -11.00%
• Median HH income: $29,668
• Composite: 59.52/100
• National rank: #920
• State rank: #150 of 656 in OH

Livability — Steubenville

• Score: 76/100
• State rank: #214
• US rank: #3318

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steubenville, OH
• County: Jefferson County · 17,836 people
• City population: 17,836
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 17,836
• Household income: $47,624
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 601.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 13% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.13%
• Current HPI: 183.5034
• Rent YoY: —
• Metro: Weirton-Steubenville, WV-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

-57.9% since first listed

7 events — show timeline

• 2026-04-29 Pending — MLSNOW
• 2026-04-13 Price Changed $40,000 MLSNOW
• 2026-03-17 Price Changed $60,000 MLSNOW
• 2026-03-03 Price Changed $70,000 MLSNOW
• 2026-01-20 Price Changed $75,000 MLSNOW
• 2025-12-22 Price Changed $85,000 MLSNOW
• 2025-12-13 Listed $95,000 MLSNOW

Property tax history

-14.8%/yr

Latest (2025): $2 · +0.0% YoY. Source: county tax records.