253 N Ogden Ave · Columbus, OH 43204

$139,999

6 bd · None ba · 2,232 sqft · MultiFamily · 95 Days on market

Built 1923 Poor condition 5,227 sqft lot $63/sqft · 39% below area Est $229k · 39% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Schools +1.7/10.0
• Condition / age +1.0/5.0
• 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

Great opportunity to own a duplex in Columbus located at 253-255 N Ogden . Property offers two units with separate living spaces and a welcoming front porch. Home will require updates and repair, presenting a great opportunity for buyers looking to renovate and build equity. Conveniently located near downtown, shopping, restaurants, and major roadways. perfect for investors, renovators, or buyers looking for a project property.

Key facts

• Front porch
• Near downtown
• Two units

Tags

• DUPLEX
• TWO UNITS
• SEPARATE LIVING SPACES
• FRONT PORCH
• NEAR DOWNTOWN
• SHOPPING

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $140k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $522/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $140k).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 3.8% in Columbus — 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 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.5%/yr); 187 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,545/mo this rent would consume 52% of the median local household income ($59k/yr) (locally 2290% 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 $968 of loan paydown is wiped out by about $4k 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 + 4.5% rent growth), your $39k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $28k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,399 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.82% ✓
• Cap rate: 15.23%
• Cash-on-cash: 31.93%
• DSCR: 2.42
• GRM: 4.6

CMA / ARV

• ARV (median comp): $228,565
• List price: $139,999
• Delta: -38.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
332-334 N Burgess Ave	0.15mi	6/—	2,240 (+0%)	19mo	$182,500	$81	77
242-244 N Burgess Ave	0.10mi	6/—	2,352 (+5%)	19mo	$210,000	$89	71
62-64 S Eureka Ave	0.56mi	6/—	2,250 (+1%)	13mo	$194,300	$86	62
45 N Hague Ave #47	0.34mi	6/—	2,408 (+8%)	13mo	$180,000	$75	60
98-100 N Hague Ave	0.26mi	6/2.0	2,038 (-9%)	17mo	$100,000	$49	59
69-71 N Chase Ave	0.40mi	6/—	2,464 (+10%)	8mo	$265,000	$108	58
145-147 N Powell Ave	0.29mi	6/—	2,416 (+8%)	18mo	$258,000	$107	57
68-70 N Powell Ave	0.33mi	6/—	2,364 (+6%)	24mo	$210,000	$89	55
55 S Wayne Ave	0.57mi	6/—	2,184 (-2%)	20mo	$250,000	$114	53
130-132 S Richardson Ave	0.59mi	6/—	2,436 (+9%)	8mo	$200,000	$82	50
41 N Huron Ave	0.60mi	6/—	2,352 (+5%)	19mo	$270,440	$115	47

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 · 4.49% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 2.22×
• Total profit: $47,657
• Equity at exit: $20,874

10-year hold

• IRR: 36.9%
• Equity multiple: 4.66×
• Total profit: $143,576
• Equity at exit: $12,105

Cash invested: $39,200 (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 43204

• Rents YoY: 4.5%
• Active inventory: 187
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,545 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$534
• Net cashflow: $1,043

Break-even live

Break-even rent $1,225

Max offer price $139,999

Occupancy floor 54%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,544
Total (2 units)			$2,545

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
89 S Richardson Ave Columbus, OH	6.0	2.0	2112	$1,995	$0.94	2d	1	0.51mi

Listing history 23 events

1. 2026-06-16
   status $139,999 Pending 95 DOM
2. 2026-06-15
   days on market $139,999 Active 95 DOM
3. 2026-06-13
   days on market $139,999 Active 93 DOM
4. 2026-06-13
   days on market $139,999 Active 92 DOM
5. 2026-06-09
   days on market $139,999 Active 89 DOM
6. 2026-06-08
   days on market $139,999 Active 88 DOM
7. 2026-06-07
   days on market $139,999 Active 87 DOM
8. 2026-06-05
   days on market $139,999 Active 84 DOM
9. 2026-06-03
   days on market $139,999 Active 83 DOM
10. 2026-06-02
    days on market $139,999 Active 82 DOM
11. 2026-06-01
    days on market $139,999 Active 81 DOM
12. 2026-05-31
    days on market $139,999 Active 80 DOM
13. 2026-05-13
    price $149,999 432-char remark

    Show marketing remark (432 chars)

    Great opportunity to own a duplex in Columbus located at 253-255 N Ogden . Property offers two units with separate living spaces and a welcoming front porch. Home will require updates and repair, presenting a great opportunity for buyers looking to renovate and build equity. Conveniently located near downtown, shopping, restaurants, and major roadways. perfect for investors, renovators, or buyers looking for a project property.

14. 2026-04-03
    price $158,750 432-char remark

    Show marketing remark (432 chars)

    Great opportunity to own a duplex in Columbus located at 253-255 N Ogden . Property offers two units with separate living spaces and a welcoming front porch. Home will require updates and repair, presenting a great opportunity for buyers looking to renovate and build equity. Conveniently located near downtown, shopping, restaurants, and major roadways. perfect for investors, renovators, or buyers looking for a project property.

15. 2026-03-26
    price $161,999 432-char remark

    Show marketing remark (432 chars)

    Great opportunity to own a duplex in Columbus located at 253-255 N Ogden . Property offers two units with separate living spaces and a welcoming front porch. Home will require updates and repair, presenting a great opportunity for buyers looking to renovate and build equity. Conveniently located near downtown, shopping, restaurants, and major roadways. perfect for investors, renovators, or buyers looking for a project property.

16. 2026-03-12
    listed $167,999 Active 432-char remark

    Show marketing remark (432 chars)

    Great opportunity to own a duplex in Columbus located at 253-255 N Ogden . Property offers two units with separate living spaces and a welcoming front porch. Home will require updates and repair, presenting a great opportunity for buyers looking to renovate and build equity. Conveniently located near downtown, shopping, restaurants, and major roadways. perfect for investors, renovators, or buyers looking for a project property.

17. 2020-10-10
    historical
18. 2020-09-16
    status Active
19. 2020-09-08
    historical
20. 2020-08-30
    price $121,900
21. 2020-08-26
    status Active
22. 2020-08-21
    status Pending
23. 2020-08-20
    listed $127,000 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 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,540
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$2,443
• − Management: −$2,443
• − Depreciation: −$4,073
• Taxable income: $10,939
• Est. tax owed @ 24.0%: −$2,625
• After-tax cash flow: $9,891/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.

Condition & rehab AI · 11 photos

Poor 20/100 Extensive rehab

This property requires extensive renovations and repairs, including kitchen and bathroom updates, HVAC replacement, and exterior improvements. The high ROI updates will significantly increase its resale and rental value.

Repairs flagged

• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard
• Major Exposed pipes and electrical wiring — Safety hazard

Value-add opportunities

• Both Kitchen renovation — Modern kitchen with updated appliances
• Both Bathroom renovation — Modern bathroom with updated fixtures
• Both HVAC system replacement — Energy-efficient system
• Both Exterior siding and paint — Curb appeal and energy efficiency
• Both Landscaping — Enhanced curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Exposed pipes and electrical wiring · Safety hazard	Major	$15,000–50,000
Total estimated repair cost · 8 items		$120,000–400,000

Value-add ROI direction

• Both Kitchen renovation — Modern kitchen with updated appliances ↑
• Both Bathroom renovation — Modern bathroom with updated fixtures ↑
• Both HVAC system replacement — Energy-efficient system ↑
• Both Exterior siding and paint — Curb appeal and energy efficiency ↑
• Both Landscaping — Enhanced curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 42,962
• Household income: $59,266
• Rent vs Own: 50.5% rent · 49.5% own
• Severe rent burden: 2290.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 16% Black 13% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 81% English-only · Spanish 13% Arabic 2% Other Asian/Pacific 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: ▼ -220.67%
• Current HPI: 265.7711
• Rent YoY: ▲ 4.49%
• 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

+18.1% since first listed

11 events — show timeline

• 2026-05-13 Price Changed $149,999 CBRMLS
• 2026-04-03 Price Changed $158,750 CBRMLS
• 2026-03-26 Price Changed $161,999 CBRMLS
• 2026-03-12 Listed $167,999 CBRMLS
• 2020-10-10 Listing Removed — CBRMLS
• 2020-09-16 Relisted — CBRMLS
• 2020-09-08 Listing Removed — CBRMLS
• 2020-08-30 Price Changed $121,900 CBRMLS
• 2020-08-26 Relisted — CBRMLS
• 2020-08-21 Pending — CBRMLS
• 2020-08-20 Listed $127,000 CBRMLS