275 E 200th St · Euclid, OH 44119

$199,900

3 bd · 2.0 ba · 1,656 sqft · MultiFamily public records · 89 Days on market

Built 1949 5,837 sqft lot $121/sqft · 14% above area Est $175k · 14% 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 +24.8/30.0
• DSCR +8.0/10.0
• 1% rule +6.5/10.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +1.0/15.0
• 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

Great opportunity to own a solid brick duplex with strong income potential! This property features two 2-bedroom, 1-bath units with spacious layouts. Recent updates include fresh paint, newer carpet, vinyl flooring in the kitchens and bathrooms, updated light fixtures, faucets, and a new bathroom vanity. Major improvements include newer electrical panels and furnace. Property also includes a 2-car detached garage. Conveniently located near Lakeshore Blvd with easy access to highways, public transportation, parks, and Briardale Golf Course. City POS has been ordered. Schedule your showing today!

Key facts

• Spacious layouts
• Vinyl flooring
• Fresh paint

Tags

• BRICK DUPLEX
• STRONG INCOME POTENTIAL
• SPACIOUS LAYOUTS
• FRESH PAINT
• NEWER CARPET
• VINYL FLOORING

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $200k.

Deal economics

• At list price, monthly cash flow is $420 ($5k/yr) — positive. Per door: $210/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 6.8% in Euclid — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Rents rising fast (+15.3%/yr); 27 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $2,290/mo this rent would consume 62% of the median local household income ($44k/yr) (locally 657% 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 $1k of loan paydown is wiped out by about $6k 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 $56k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y 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 $120k; list at $200k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $187,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% 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 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 8.82%
• Cash-on-cash: 9.01%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $174,608
• List price: $199,900
• Delta: 14.49%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19830 Monterey Ave	0.58mi	3/2.0	1,608 (-3%)	1mo	$154,050	$96	67
21250 Crystal Ave	0.39mi	3/2.0	1,512 (-9%)	11mo	$130,000	$86	58
515 E 222nd St	0.71mi	4/2.0 (+1)	1,612 (-3%)	7mo	$165,000	$102	52
521 E 222nd St	0.71mi	4/2.0 (+1)	1,612 (-3%)	9mo	$157,000	$97	50
21270 Crystal Ave	0.40mi	3/2.0	1,512 (-9%)	23mo	$120,000	$79	48
21350 Crystal Ave	0.42mi	3/2.0	1,512 (-9%)	23mo	$161,000	$106	47
511 E 222nd St	0.71mi	4/2.0 (+1)	1,612 (-3%)	23mo	$147,500	$92	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 2.9%
• Equity multiple: 1.12×
• Total profit: $6,521
• Equity at exit: $29,806

10-year hold

• IRR: 16.8%
• Equity multiple: 2.70×
• Total profit: $95,392
• Equity at exit: $17,284

Cash invested: $55,972 (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 44119

• Home prices YoY: -33.4%
• Rents YoY: 15.3%
• Active inventory: 27
• Price-to-rent: 14.5×

Monthly cashflow live

• Estimated rent: $2,290 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$257 /mo · $3,086/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $420

Break-even live

Break-even rent $1,758

Max offer price $199,900

Occupancy floor 77%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,290
Total (2 units)			$2,290

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
299 E 197th St Cleveland, OH	4.0	2.0	1328	$1,400	$1.05	16d	1	0.11mi
20500 Priday Ave Euclid, OH	4.0	1.5	1698	$1,750	$1.03	44d	1	0.15mi
21000 Priday Ave Euclid, OH	3.0	1.0	1200	$1,300	$1.08	43d	1	0.32mi
20500 Morris Ave Euclid, OH	3.0	1.0	1104	$1,399	$1.27	43d	1	0.33mi
21251 S Lake Shore Blvd Euclid, OH	3.0	2.0	1246	$1,595	$1.28	43d	1	0.42mi
21271 Nicholas Ave Euclid, OH	3.0	2.0	1300	$1,689	$1.30	43d	1	0.55mi
21751 Priday Ave Euclid, OH	3.0	1.0	1174	$1,545	$1.32	21d	1	0.56mi
540 E 208th St Cleveland, OH	2.0	1.0	1189	$1,025	$0.86	43d	1	0.56mi
18800 Pasnow Ave Cleveland, OH	3.0	1.0	1348	$1,350	$1.00	16d	1	0.58mi
19330 Monterey Ave Cleveland, OH	4.0	1.5	1578	$1,450	$0.92	1d	1	0.62mi
19330 Monterey Ave Cleveland, OH	4.0	1.5	1200	$1,450	$1.21	2d	1	0.62mi
21301 Arbor Ave Euclid, OH	3.0	1.0	1050	$1,450	$1.38	19d	1	0.63mi
21860 Roberts Ave Euclid, OH	3.0	1.0	1253	$1,450	$1.16	7d	1	0.65mi
26200 S Lake Shr Euclid, OH	3.0	1.5	1305	$1,225	$0.94	7d	1	0.69mi
420 E 222nd St Unit 1 Euclid, OH	2.0	1.0	1964	$1,295	$0.66	43d	1	0.73mi
422 E 222nd St Unit 2 Euclid, OH	2.0	1.0	1926	$1,295	$0.67	43d	1	0.73mi
20664 Miller Ave Unit Down Unit Euclid, OH	3.0	2.0	1100	$1,200	$1.09	43d	1	0.76mi
21980 Ivan Ave Euclid, OH	4.0	2.0	1348	$1,350	$1.00	43d	1	0.77mi
21250 Goller Ave Cleveland, OH	3.0	1.0	1161	$1,275	$1.10	12d	1	0.77mi
21252 Goller Ave Euclid, OH	3.0	1.0	1161	$1,275	$1.10	20d	1	0.78mi
22370 Tracy Ave Euclid, OH	3.0	1.0	1202	$1,575	$1.31	16d	1	0.83mi
871 E 212th St Cleveland, OH	3.0	1.5	1092	$1,399	$1.28	43d	1	0.96mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	1d	1	1.09mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	1.10mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	43d	1	1.19mi
23214 Gay St Euclid, OH	3.0	1.0	1634	$1,864	$1.14	23d	1	1.22mi
954 E 239th St Unit 2/UP Euclid, OH	2.0	1.0	1932	$995	$0.52	7d	1	1.25mi
797 Babbitt Rd #22 Euclid, OH	3.0	1.5	1360	$1,600	$1.18	43d	1	1.26mi
23307 Williams Ave Euclid, OH	4.0	1.0	1220	$1,700	$1.39	23d	1	1.28mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	14d	1	1.30mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	43d	1	1.33mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	1.42mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	1.48mi

Listing history 28 events

1. 2026-06-07
   days on market $199,900 Active 89 DOM
2. 2026-06-05
   days on market $199,900 Active 86 DOM
3. 2026-06-03
   days on market $199,900 Active 85 DOM
4. 2026-06-02
   days on market $199,900 Active 84 DOM
5. 2026-06-01
   days on market $199,900 Active 83 DOM
6. 2026-05-31
   days on market $199,900 Active 82 DOM
7. 2026-04-21
   price $199,900 601-char remark

   Show marketing remark (601 chars)

   Great opportunity to own a solid brick duplex with strong income potential! This property features two 2-bedroom, 1-bath units with spacious layouts. Recent updates include fresh paint, newer carpet, vinyl flooring in the kitchens and bathrooms, updated light fixtures, faucets, and a new bathroom vanity. Major improvements include newer electrical panels and furnace. Property also includes a 2-car detached garage. Conveniently located near Lakeshore Blvd with easy access to highways, public transportation, parks, and Briardale Golf Course. City POS has been ordered. Schedule your showing today!

8. 2026-03-10
   listed $210,000 Active 601-char remark

   Show marketing remark (601 chars)

   Great opportunity to own a solid brick duplex with strong income potential! This property features two 2-bedroom, 1-bath units with spacious layouts. Recent updates include fresh paint, newer carpet, vinyl flooring in the kitchens and bathrooms, updated light fixtures, faucets, and a new bathroom vanity. Major improvements include newer electrical panels and furnace. Property also includes a 2-car detached garage. Conveniently located near Lakeshore Blvd with easy access to highways, public transportation, parks, and Briardale Golf Course. City POS has been ordered. Schedule your showing today!

9. 2026-03-02
   historical
10. 2025-11-11
    status Active
11. 2025-11-11
    price $219,000
12. 2025-08-15
    listed $225,000 Active
13. 2021-09-29
    soldstatus $120,000
14. 2021-09-28
    soldstatus $120,000 Closed
15. 2021-08-20
    status Pending
16. 2021-08-02
    price $135,000
17. 2021-07-24
    status Active
18. 2021-07-18
    status Pending
19. 2021-07-09
    status Active
20. 2021-07-03
    status Pending
21. 2021-06-29
    listed $140,000 Active
22. 2010-09-10
    historical
23. 2010-03-10
    listed $99,900
24. 2000-12-07
    soldstatus $92,000
25. 1990-10-19
    soldstatus $67,000
26. 1990-10-15
    soldstatus $67,000
27. 1988-09-30
    soldstatus $60,000
28. 1987-11-17
    soldstatus $57,500

ⓘ 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: $3,086 · $257/mo
• Projected year-2 tax: $3,102 · $259/mo
• Expected delta: +$16/yr (+$1/mo · 0.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $27,480
• − Mortgage interest: −$11,198
• − Property taxes: −$3,086
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,198
• − Management: −$2,198
• − Depreciation: −$5,815
• Taxable income: $1,985
• Est. tax owed @ 24.0%: −$476
• After-tax cash flow: $4,568/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): 13,243
• Household income: $44,077
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 657.0

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: Majority Black (58%)
• Race & ethnicity: Black 58% White 38% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 2%
• Languages at home: 96% English-only · Other Indo-European 1% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -81.78%
• Current HPI: 163.1502
• Rent YoY: ▲ 15.32%
• 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

+247.7% since first listed

22 events — show timeline

• 2026-04-21 Price Changed $199,900 MLSNOW
• 2026-03-10 Listed $210,000 MLSNOW
• 2026-03-02 Listing Removed — MLSNOW
• 2025-11-11 Relisted — MLSNOW
• 2025-11-11 Price Changed $219,000 MLSNOW
• 2025-08-15 Listed $225,000 MLSNOW
• 2021-09-29 Sold (Public Records) $120,000 Public Records
• 2021-09-28 Sold (MLS) $120,000 MLSNOW
• 2021-08-20 Pending — MLSNOW
• 2021-08-02 Price Changed $135,000 MLSNOW
• 2021-07-24 Relisted — MLSNOW
• 2021-07-18 Pending — MLSNOW
• 2021-07-09 Relisted — MLSNOW
• 2021-07-03 Pending — MLSNOW
• 2021-06-29 Listed $140,000 MLSNOW
• 2010-09-10 Listing Removed — MLSNOW
• 2010-03-10 Listed $99,900 MLSNOW
• 2000-12-07 Sold (Public Records) $92,000 Public Records
• 1990-10-19 Sold (Public Records) $67,000 Public Records
• 1990-10-15 Sold (Public Records) $67,000 Public Records
• 1988-09-30 Sold (Public Records) $60,000 Public Records
• 1987-11-17 Sold (Public Records) $57,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $3,086 · -2.8% YoY. Source: county tax records.