210 W Main Rd · Conneaut, OH 44030

$220,000

6 bd · 3.0 ba · 2,400 sqft · MultiFamily · 328 Days on market

Built 1956 Average condition 0.31 ac lot $92/sqft · 161% above area

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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 +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Discover a prime investment opportunity at 210 W. Main Rd, Conneaut! This well-maintained triplex features three units, each offering 2 bedrooms and 1 bathroom, providing consistent rental income with all units currently occupied. Situated on a desirable corner lot, this property offers both convenience and potential for future growth. Ideal for savvy investors looking to expand their portfolio in a thriving area. Don't miss out on this exceptional investment opportunity! Tenants are all on month-to-month leases but would like to stay. The asphalt roof is approximately 5 years old (2019). The rubber flat roof is unknown but maintained in 2022 with a sealant solution. Hot water heater was replaced in roughly 2021. The owner is not sure about the age of the AC, maybe in 2014.

Key facts

• Desirable corner lot
• Asphalt roof
• Rubber flat roof

Tags

• WELL MAINTAINED TRIPLEX
• DESIRABLE CORNER LOT
• CONSISTENT RENTAL INCOME
• POTENTIAL FOR FUTURE GROWTH
• ASPHALT ROOF
• RUBBER FLAT ROOF

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $220k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $467 ($6k/yr) — positive. Per door: $156/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.6% in Conneaut — 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 63/100 on livability (#808 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, health & safety D.
• Conneaut Area City (town): math 35% / reading 50% proficiency, ranked #527 of 656 in OH (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 59 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• At $2,516/mo this rent would consume 53% of the median local household income ($57k/yr) — 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Ashtabula County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 328 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 328 days. Have you received any prior offers? Is the seller open to a 12% 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 1956 — 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: 1.14% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.10%
• DSCR: 1.41
• GRM: 7.3

CMA / ARV

• ARV (median comp): $84,284
• List price: $220,000
• Delta: 161.02%
• Verdict: OVERPRICED
• Comps: 8 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -2.5%
• Equity multiple: 0.91×
• Total profit: $-5,851
• Equity at exit: $32,803

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $33,381
• Equity at exit: $19,022

Cash invested: $61,600 (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 44030

• Home prices YoY: -10.8%
• Active inventory: 59
• Price-to-rent: 21.9×

Monthly cashflow live

• Estimated rent: $2,516 medium
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$528
• Net cashflow: $467

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 76%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$2,517
Total (3 units)			$2,516

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $220,000 Active 328 DOM
2. 2026-06-17
   days on market $220,000 Active 327 DOM
3. 2026-06-16
   days on market $220,000 Active 326 DOM
4. 2026-06-15
   days on market $220,000 Active 325 DOM
5. 2026-06-13
   days on market $220,000 Active 323 DOM
6. 2026-06-12
   days on market $220,000 Active 322 DOM
7. 2026-06-09
   days on market $220,000 Active 319 DOM
8. 2026-06-08
   days on market $220,000 Active 318 DOM
9. 2026-06-08
   days on market $220,000 Active 317 DOM
10. 2026-06-07
    days on market $220,000 Active 316 DOM
11. 2026-06-04
    days on market $220,000 Active 313 DOM
12. 2026-06-02
    days on market $220,000 Active 312 DOM
13. 2026-06-01
    days on market $220,000 Active 311 DOM
14. 2026-05-31
    days on market $220,000 Active 310 DOM
15. 2025-09-16
    status Active 784-char remark

    Show marketing remark (784 chars)

    Discover a prime investment opportunity at 210 W. Main Rd, Conneaut! This well-maintained triplex features three units, each offering 2 bedrooms and 1 bathroom, providing consistent rental income with all units currently occupied. Situated on a desirable corner lot, this property offers both convenience and potential for future growth. Ideal for savvy investors looking to expand their portfolio in a thriving area. Don't miss out on this exceptional investment opportunity! Tenants are all on month-to-month leases but would like to stay. The asphalt roof is approximately 5 years old (2019). The rubber flat roof is unknown but maintained in 2022 with a sealant solution. Hot water heater was replaced in roughly 2021. The owner is not sure about the age of the AC, maybe in 2014.

16. 2025-08-26
    historical Contingent 784-char remark

    Show marketing remark (784 chars)

    Discover a prime investment opportunity at 210 W. Main Rd, Conneaut! This well-maintained triplex features three units, each offering 2 bedrooms and 1 bathroom, providing consistent rental income with all units currently occupied. Situated on a desirable corner lot, this property offers both convenience and potential for future growth. Ideal for savvy investors looking to expand their portfolio in a thriving area. Don't miss out on this exceptional investment opportunity! Tenants are all on month-to-month leases but would like to stay. The asphalt roof is approximately 5 years old (2019). The rubber flat roof is unknown but maintained in 2022 with a sealant solution. Hot water heater was replaced in roughly 2021. The owner is not sure about the age of the AC, maybe in 2014.

17. 2025-07-25
    listed $220,000 Active 784-char remark

    Show marketing remark (784 chars)

    Discover a prime investment opportunity at 210 W. Main Rd, Conneaut! This well-maintained triplex features three units, each offering 2 bedrooms and 1 bathroom, providing consistent rental income with all units currently occupied. Situated on a desirable corner lot, this property offers both convenience and potential for future growth. Ideal for savvy investors looking to expand their portfolio in a thriving area. Don't miss out on this exceptional investment opportunity! Tenants are all on month-to-month leases but would like to stay. The asphalt roof is approximately 5 years old (2019). The rubber flat roof is unknown but maintained in 2022 with a sealant solution. Hot water heater was replaced in roughly 2021. The owner is not sure about the age of the AC, maybe in 2014.

18. 2025-07-09
    historical
19. 2025-04-18
    status Active
20. 2025-04-11
    historical Contingent
21. 2025-01-09
    listed $220,000 Active
22. 2024-12-31
    historical
23. 2024-11-20
    historical
24. 2024-11-19
    listed $220,000 Active
25. 2024-08-12
    listed $220,000 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,192
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,415
• − Management: −$2,415
• − Depreciation: −$6,400
• Taxable income: $2,238
• Est. tax owed @ 24.0%: −$537
• After-tax cash flow: $5,070/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 · 13 photos

Average 55/100 Moderate rehab

This triplex requires moderate updates to its kitchens and bathrooms, but the exterior and flooring are in good condition. Painting and updating the bathrooms would significantly increase its value.

Repairs flagged

• Minor kitchen appliances — Scattered items suggest need for organization
• Minor bathroom fixtures — Outdated decor suggests need for refresh

Value-add opportunities

• Both Painting and updating bathrooms — Refreshing the appearance will appeal to both buyers and renters
• Both Organizing kitchen and bathrooms — Creating a more inviting and functional space will attract more interest

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · Scattered items suggest need for organization	Minor	$500–3,000
bathroom fixtures · Outdated decor suggests need for refresh	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting and updating bathrooms — Refreshing the appearance will appeal to both buyers and renters ↑
• Both Organizing kitchen and bathrooms — Creating a more inviting and functional space will attract more interest ↑

ⓘ 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: Conneaut Area City
• NCES district ID: 3904381
• Math proficiency: 35% ▼ -18.00%
• Reading proficiency: 50% ▼ -12.00%
• Median HH income: $38,064
• Composite: 35.37/100
• National rank: #4953
• State rank: #527 of 656 in OH

Livability — Conneaut

• Score: 63/100
• State rank: #808
• US rank: #14907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Conneaut, OH
• County: Ashtabula · 97,617 people
• City population: 16,317
• Metro: Cleveland, OH
• Population (ZIP): 16,317
• Household income: $57,264
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 11.2

Population outlook (Ashtabula County) Hauer SSP2

• Today (2025): 92,950 people
• By 2030: 89,146 · -4.1%
• By 2040: 80,715 · -13.2%
• By 2050: 72,270 · -22.2%
• By 2075: 55,780 · -40.0%
• By 2100: 40,928 · -56.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 6% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Ashtabula

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.8%
• 2008→2024 swing: -41.9pp toward R · 2008: 13.5pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+23.5 2016: R+19.0 2012: D+12.1 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.21%
• Current HPI: 265.5019
• Rent YoY: —
• Metro: —
• 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

11 events — show timeline

• 2025-09-16 Relisted — MLSNOW
• 2025-08-26 Contingent — MLSNOW
• 2025-07-25 Listed $220,000 MLSNOW
• 2025-07-09 Listing Removed — MLSNOW
• 2025-04-18 Relisted — MLSNOW
• 2025-04-11 Contingent — MLSNOW
• 2025-01-09 Listed $220,000 MLSNOW
• 2024-12-31 Listing Removed — MLSNOW
• 2024-11-20 Listing Removed — MLSNOW
• 2024-11-19 Listed $220,000 MLSNOW
• 2024-08-12 Listed $220,000 MLSNOW