136 Charles Ave SE · Warren, OH 44483

$84,900

3 bd · 2.0 ba · 1,102 sqft · SingleFamily · 189 Days on market

Built 1917 Average condition 3,449 sqft lot $77/sqft · 68% above area

---

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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

Key facts

• Covered front porch
• Off street parking
• Spacious kitchen

Tags

• COVERED FRONT PORCH
• SPACIOUS KITCHEN
• FULL BASEMENT
• EASY TO MAINTAIN LOT
• OFF STREET PARKING
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $85k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.9% in Warren — 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 73/100 on livability (#312 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, commute F, employment F.
• Warren City (urban): math 22% / reading 32% proficiency, ranked #599 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Willard Avenue Pk-8 School (math 19% / reading 30%, grade F, #1,217 of 1,584 statewide, top 78%, 877 students, 0% FRL); Warren G Harding High School (math 16% / reading 32%, grade F, #665 of 781 statewide, top 85%, 1,155 students, 0% FRL) — zoned schools average 0% FRL vs 75% district-wide (75 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 110 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Trumbull County population projected at -22% 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 $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D 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?
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 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: 1.32% ✓
• Cap rate: 10.47%
• Cash-on-cash: 14.92%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (median comp): $50,505
• List price: $84,900
• Delta: 68.10%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1049 Mckinley St NE	0.32mi	3/1.0	1,120 (+2%)	3mo	$40,000	$36	76
1205 Belle St SE	0.26mi	2/1.0 (-1)	984 (-11%)	4mo	$21,000	$21	58
451 Homewood Ave SE	0.48mi	3/1.0	1,189 (+8%)	6mo	$68,000	$57	55
327 Adelaide	0.69mi	3/1.0	1,144 (+4%)	6mo	$127,900	$112	53
883 Bonnie Brae Ave NE	0.68mi	3/1.5	1,200 (+9%)	0mo	$189,000	$158	51
1344 Grandview St SE	0.43mi	3/1.5	1,232 (+12%)	10mo	$70,000	$57	50
752 Laird Ave NE	0.60mi	4/2.0 (+1)	1,200 (+9%)	3mo	$74,000	$62	50
1132 Mckinley St NE	0.30mi	3/1.0	1,247 (+13%)	13mo	$80,000	$64	49
424 Kenilworth Ave NE	0.57mi	3/1.0	1,008 (-8%)	7mo	$35,263	$35	49
781 Oak Knoll Ave SE	0.71mi	3/1.0	1,165 (+6%)	6mo	$119,900	$103	48
1531 Youngstown Rd SE	0.56mi	3/2.0	994 (-10%)	13mo	$130,000	$131	47
419 Kenilworth Ave SE	0.53mi	2/1.0 (-1)	1,008 (-8%)	10mo	$127,000	$126	44

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: 5.5%
• Equity multiple: 1.21×
• Total profit: $5,083
• Equity at exit: $12,659

10-year hold

• IRR: 14.9%
• Equity multiple: 2.21×
• Total profit: $28,733
• Equity at exit: $7,341

Cash invested: $23,772 (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 44483

• Home prices YoY: -16.3%
• Active inventory: 110
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,117 high
• Mortgage (P&I): −$445
• Tax est. 1.5%: −$106 /mo · $1,274/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $296

Break-even live

Break-even rent $743

Max offer price $84,900

Occupancy floor 69%

Sensitivity live

Price	-10% $354	-5% $325	+0% $296	+5% $266	+10% $237
Rent	-10% $207	-5% $251	+0% $296	+5% $340	+10% $384
Rate	-1.0pp $338	-0.5pp $317	base $296	+0.5pp $274	+1.0pp $251

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	45d	1	0.17mi
407 Washington St NE Niles, OH	3.0	1.5	1388	$1,250	$0.90	15d	1	0.66mi
840 Woodbine Ave SE Unit 838 Warren, OH	2.0	1.0	1009	$1,000	$0.99	15d	1	0.66mi
1151 Kenilworth Ave SE Warren, OH	2.0	1.0	1207	$900	$0.75	15d	1	0.77mi
1216 Hollywood St NE Warren, OH	3.0	1.0	1158	$1,050	$0.91	22d	1	0.78mi
2232 Youngstown Rd SE Warren, OH	2.0	1.0	800	$1,050	$1.31	15d	1	0.98mi
259 Perkinswood Blvd NE Warren, OH	1.0–2.0	1.0	743	$845	$1.14	15d	3	1.01mi

Listing history 5 events

1. 2026-05-01
   status Active 1045-char remark

   Show marketing remark (1045 chars)

   Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

2. 2026-04-30
   historical 1045-char remark

   Show marketing remark (1045 chars)

   Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

3. 2025-12-08
   price $84,900 1045-char remark

   Show marketing remark (1045 chars)

   Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

4. 2025-11-20
   price $89,900 1045-char remark

   Show marketing remark (1045 chars)

   Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

5. 2025-11-20
   listed $84,900 Active 1045-char remark

   Show marketing remark (1045 chars)

   Step inside this well-maintained 3 bedroom, 2 bath home in Warren, offering over 1100 square feet of finished living space and classic 1917 charm with important updates already taken care of. The home features a welcoming covered front porch, a traditional layout with a bright living area, and a spacious kitchen ready for your personal touch. The full basement provides extra storage, laundry space, a full bathroom and potential for future finishing. Recent updates noted by the county include a remodel in 2007, giving the home a refreshed foundation while still leaving room for updates to make it your own. Outside, the property sits on an easy-to-maintain lot with off-street parking and a covered front porch perfect for enjoying the neighborhood. Located in Warren City School District, this home is close to everyday amenities, local parks, shopping, and dining. Whether you're looking for your first home, downsizing, or seeking an investment opportunity, this property offers a solid structure, flexible layout, and a great location.

ⓘ 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 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,402
• − Mortgage interest: −$4,756
• − Property taxes: −$1,274
• − Insurance: −$424
• − Repairs & maintenance: −$1,072
• − Management: −$1,072
• − Depreciation: −$2,470
• Taxable income: $2,334
• Est. tax owed @ 24.0%: −$560
• After-tax cash flow: $2,986/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 · 12 photos

Average 55/100 Moderate rehab

This 3-bedroom, 2-bath home in Warren, Ohio, has average condition with moderate rehab needs. Upgrading the kitchen and flooring, along with painting, can significantly increase its value for both resale and rental.

Repairs flagged

• Major Kitchen appliances — Old and worn, likely not functioning optimally
• Moderate Kitchen flooring — Tiled floor shows signs of wear and could be replaced for a more modern look

Value-add opportunities

• Both Update kitchen appliances and flooring — Modernizing the kitchen will improve both resale and rental value
• Both Paint interior walls and trim — Fresh paint can make the home more appealing and increase its value
• Both Replace dated flooring in bathrooms — Upgrading the flooring in bathrooms will enhance the home's appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen appliances · Old and worn, likely not functioning optimally	Major	$15,000–50,000
Kitchen flooring · Tiled floor shows signs of wear and could be replaced for a more modern look	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$18,000–65,000

Value-add ROI direction

• Both Update kitchen appliances and flooring — Modernizing the kitchen will improve both resale and rental value ↑
• Both Paint interior walls and trim — Fresh paint can make the home more appealing and increase its value ↑
• Both Replace dated flooring in bathrooms — Upgrading the flooring in bathrooms will enhance the home's appeal and value ↑

ⓘ 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: Warren City
• NCES district ID: 3904499
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $28,222
• Composite: 21.6/100
• National rank: #8299
• State rank: #599 of 656 in OH

Livability — Warren

• Score: 73/100
• State rank: #312
• US rank: #5068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, OH
• County: Trumbull County · 61,158 people
• City population: 25,805
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 25,805
• Household income: $49,017
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 989.0

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 2%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.50%
• Current HPI: 218.3455
• Rent YoY: —
• Metro: Youngstown-Warren-Boardman, OH-PA
• 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

+0.0% since first listed

5 events — show timeline

• 2026-05-01 Relisted — MLSNOW
• 2026-04-30 Listing Removed — MLSNOW
• 2025-12-08 Price Changed $84,900 MLSNOW
• 2025-11-20 Price Changed $89,900 MLSNOW
• 2025-11-20 Listed $84,900 MLSNOW