1743 Baltimore Ave · Cincinnati, OH 45225

$179,000

4 bd · 2.0 ba · 2,320 sqft · MultiFamily public records · 51 Days on market

Built 1865 4,748 sqft lot Est $216k · 17% under

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Why this score? — see what drove the A- 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Multi-family units

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

Listing remarks MLS

Turnkey Duplex- unit 1 occupied. Mechanicals and Roof are new within the last 2 years. Previous rents #1- 2 bedroom $950 #2- 4 bedroom $1500. There are no financials available. Property includes multiple parcels to form very large lot. 1741, 1743 and 1745 Baltimore.

Key facts

• New furnace
• New electric
• New roof

Tags

• NEW ROOF
• NEW ELECTRIC
• NEW FURNACE
• NEW WINDOWS

Property features AI

Finance

• Financial info: Two rental units total; 2-bedroom unit rents for $1,000; 3+ bedroom unit rents for $1,250

Exterior

• Parking: Two on-street parking spaces
• Utilities: Public water (owner pays water); Public sewer; Natural gas service
• Home design: Duplex; Three+ levels
• Construction: Stone foundation; Built with vinyl siding
• Exterior features: Vinyl siding; Vinyl windows; Shingle roof; Multi-family zoning

Interior

• Bedrooms: One 2-bedroom unit; One 3-bedroom unit
• Bathrooms: Each unit has one full bathroom
• Heating & cooling: Gas heating (heat paid by tenants); Separate air conditioning for units
• Interior features: Crawl basement

What this means for you Summary

Snapshot

• This is a 1×2bd/1.0ba + 1×3bd/1.0ba units multifamily listed at $179k.

Deal economics

• At list price, monthly cash flow is $613 ($7k/yr) — positive. Per door: $307/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 3.9% in Cincinnati — 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 80/100 on livability (#130 in OH, #1,856 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Cincinnati Public Schools (urban): math 25% / reading 36% proficiency, ranked #581 of 656 in OH (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 32 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 801 units permitted in Hamilton County in 2024 (190 in 5+ unit buildings).
• At $2,418/mo this rent would consume 143% of the median local household income ($20k/yr) (locally 1466% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $130k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1865 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $173,630 (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 1865 — 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 B-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?
7. 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?
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: 1.35% ✓
• Cap rate: 10.40%
• Cash-on-cash: 14.68%
• DSCR: 1.65
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $215,760
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1826 Fairmount Ave	0.30mi	4/2.0	2,336 (+1%)	17mo	$218,000	$93	71
1705 Harrison Ave	0.45mi	3/3.5 (-1)	2,553 (+10%)	6mo	$20,000	$8	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.1%
• Equity multiple: 3.73×
• Total profit: $136,611
• Equity at exit: $161,257

10-year hold

• IRR: 30.3%
• Equity multiple: 8.42×
• Total profit: $371,734
• Equity at exit: $347,758

Cash invested: $50,120 (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 45225

• Home prices YoY: 4.6%
• Active inventory: 32
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $2,418 high
• Mortgage (P&I): −$939
• Tax from tax record: −$284 /mo · $3,406/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $613

Break-even live

Break-even rent $1,642

Max offer price $179,000

Occupancy floor 70%

Sensitivity live

Price	-10% $714	-5% $664	+0% $613	+5% $562	+10% $512
Rent	-10% $422	-5% $518	+0% $613	+5% $709	+10% $804
Rate	-1.0pp $703	-0.5pp $659	base $613	+0.5pp $567	+1.0pp $520

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

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,155
1× unit	3	1	$1,264
Total (2 units)			$2,418

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1852 Knox St Cincinnati, OH	4.0	1.5	1747	$1,850	$1.06	24d	1	0.37mi
1241 Bates Ave Cincinnati, OH	3.0	2.5	2100	$1,875	$0.89	24d	1	0.97mi
2704 W McMicken Ave Unit 2 Cincinnati, OH	3.0	1.0	1760	$1,500	$0.85	24d	1	1.24mi
3350 Cavanaugh Ave Cincinnati, OH	4.0	2.5	2309	$1,995	$0.86	24d	1	1.30mi
595 Martin Luther King Dr W Cincinnati, OH	3.0	2.0	2048	$1,650	$0.81	11d	1	1.38mi
623 Riddle Rd Cincinnati, OH	3.0	2.0	2028	$1,800	$0.89	24d	1	1.38mi
2421 Fairview Ave Cincinnati, OH	5.0	2.0	2400	$3,300	$1.38	24d	1	1.39mi

Listing history 33 events

1. 2026-06-18
   days on market $179,000 Active 51 DOM
2. 2026-06-17
   days on market $179,000 Active 50 DOM
3. 2026-06-16
   days on market $179,000 Active 49 DOM
4. 2026-06-15
   days on market $179,000 Active 48 DOM
5. 2026-06-13
   days on market $179,000 Active 46 DOM
6. 2026-06-13
   days on market $179,000 Active 45 DOM
7. 2026-06-09
   days on market $179,000 Active 42 DOM
8. 2026-06-08
   days on market $179,000 Active 41 DOM
9. 2026-06-07
   days on market $179,000 Active 40 DOM
10. 2026-06-03
    days on market $179,000 Active 36 DOM
11. 2026-06-02
    days on market $179,000 Active 35 DOM
12. 2026-06-01
    days on market $179,000 Active 34 DOM
13. 2026-05-31
    days on market $179,000 Active 33 DOM
14. 2026-04-28
    listed $179,000 Active
15. 2024-09-30
    historical 266-char remark

    Show marketing remark (266 chars)

    Turnkey Duplex- unit 1 occupied. Mechanicals and Roof are new within the last 2 years. Previous rents #1- 2 bedroom $950 #2- 4 bedroom $1500. There are no financials available. Property includes multiple parcels to form very large lot. 1741, 1743 and 1745 Baltimore.

16. 2024-08-07
    historical $900
17. 2024-06-19
    price $195,000 266-char remark

    Show marketing remark (266 chars)

    Turnkey Duplex- unit 1 occupied. Mechanicals and Roof are new within the last 2 years. Previous rents #1- 2 bedroom $950 #2- 4 bedroom $1500. There are no financials available. Property includes multiple parcels to form very large lot. 1741, 1743 and 1745 Baltimore.

18. 2024-06-18
    listed $900
19. 2024-06-05
    listed $200,000 Active 266-char remark

    Show marketing remark (266 chars)

    Turnkey Duplex- unit 1 occupied. Mechanicals and Roof are new within the last 2 years. Previous rents #1- 2 bedroom $950 #2- 4 bedroom $1500. There are no financials available. Property includes multiple parcels to form very large lot. 1741, 1743 and 1745 Baltimore.

20. 2022-07-22
    soldstatus $130,000
21. 2020-03-09
    historical
22. 2019-03-28
    listed $135,900 Active
23. 2018-04-11
    historical
24. 2018-03-29
    price $60,000
25. 2018-02-06
    listed $126,700 Active
26. 2017-10-23
    soldstatus $20,500
27. 2017-10-13
    soldstatus $20,500 Sold
28. 2017-10-04
    historical Accept Backup Offers
29. 2017-09-22
    listed $22,900 Active
30. 2017-08-29
    soldstatus $12,500
31. 2004-12-03
    soldstatus $57,000
32. 1999-05-26
    soldstatus $30,000
33. 1992-08-06
    soldstatus $16,000

ⓘ 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: $3,406 · $284/mo
• Projected year-2 tax: $3,406 · $284/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 4/10 Moderate 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,016
• − Mortgage interest: −$10,027
• − Property taxes: −$3,406
• − Insurance: −$895
• − Repairs & maintenance: −$2,321
• − Management: −$2,321
• − Depreciation: −$5,207
• Taxable income: $4,838
• Est. tax owed @ 24.0%: −$1,161
• After-tax cash flow: $6,196/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: Cincinnati Public Schools
• NCES district ID: 3904375
• Math proficiency: 25% ▼ -19.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $35,743
• Composite: 25.21/100
• National rank: #7508
• State rank: #581 of 656 in OH

Livability — Cincinnati

• Score: 80/100
• State rank: #130
• US rank: #1856

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cincinnati, OH
• County: Hamilton County · 701,295 people
• City population: 505,555
• Metro: Cincinnati, OH-KY-IN
• Population (ZIP): 9,583
• Household income: $20,348
• Rent vs Own: 87.2% rent · 12.8% own
• Severe rent burden: 1466.0

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 826,054 people
• By 2030: 830,947 · +0.6%
• By 2040: 832,319 · +0.8%
• By 2050: 822,428 · -0.4%
• By 2075: 788,688 · -4.5%
• By 2100: 710,674 · -14.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 2%

Political lean MEDSL · Hamilton

• 2024 margin: D (+14.9) · D 57.0% · R 42.1%
• 2008→2024 swing: +7.9pp toward D · 2008: 7.0pp · 2024: 14.9pp
• All cycles: 2024: D+14.9 2020: D+15.9 2016: D+9.5 2012: D+4.9 2008: D+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.21%
• Current HPI: 232.7908
• Rent YoY: —
• Metro: Cincinnati, OH-KY-IN
• 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

+1018.8% since first listed

20 events — show timeline

• 2026-04-28 Listed $179,000 Cincy MLS
• 2024-09-30 Listing Removed — Cincy MLS
• 2024-08-07 Rental Removed $900 BUILDIUM
• 2024-06-19 Price Changed $195,000 Cincy MLS
• 2024-06-18 Listed for Rent $900 BUILDIUM
• 2024-06-05 Listed $200,000 Cincy MLS
• 2022-07-22 Sold (Public Records) $130,000 Public Records
• 2020-03-09 Listing Removed — Cincy MLS
• 2019-03-28 Listed $135,900 Cincy MLS
• 2018-04-11 Listing Removed — Cincy MLS
• 2018-03-29 Price Changed $60,000 Cincy MLS
• 2018-02-06 Listed $126,700 Cincy MLS
• 2017-10-23 Sold (Public Records) $20,500 Public Records
• 2017-10-13 Sold (MLS) $20,500 Cincy MLS
• 2017-10-04 Contingent — Cincy MLS
• 2017-09-22 Listed $22,900 Cincy MLS
• 2017-08-29 Sold (Public Records) $12,500 Public Records
• 2004-12-03 Sold (Public Records) $57,000 Public Records
• 1999-05-26 Sold (Public Records) $30,000 Public Records
• 1992-08-06 Sold (Public Records) $16,000 Public Records

Property tax history

+13.4%/yr

Latest (2025): $3,406 · +20.9% YoY. Source: county tax records.