1707 E Main St #1705 · Columbus, OH 43205

$239,999

None bd · None ba · 2,764 sqft · MultiFamily · 123 Days on market

Built 1915 Good condition 5,227 sqft lot $87/sqft · 44% below area Est $426k · 44% under ↓ 11% since listing

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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
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.9/5.0
• Schools +1.7/10.0
• 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

Value-add duplex with substantial upside and recent exterior improvements. The brick exterior has been tuck-pointed and painted, complemented by a black dimensional roof, updated interior windows, and glass block bathroom windows. Front and rear decks have been completed for both units. The property features a large fenced-in backyard with ample space to add one or two garages. Located on East Main Street, the property sits next to a well-established and active church, offering a strong neighborhood anchor. Each side offers three levels plus a full basement, with 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room per unit. An additional approximately 1,000 square feet on the third level (not reflected in auditor records) provides significant expansion potential. Interior framing has been installed throughout and a majority of the electrical has been completed. Plumbing materials onsite convey with the home purchase. Once completed, each unit is projected to rent for approximately $1,800-$2,200 per month, making this an attractive opportunity for investors seeking long-term cash flow. Property is being sold As Is. Contact listing agent for interior showings.

Key facts

• Brick exterior
• Front and rear decks
• Tuck-pointed

Tags

• BRICK EXTERIOR
• TUCK-POINTED
• BLACK DIMENSIONAL ROOF
• UPDATED INTERIOR WINDOWS
• GLASS BLOCK BATHROOM WINDOWS
• FRONT AND REAR DECKS

🏷️ Possibly a rental listed for sale. The $239,999 price doesn't fit this home's estimated sale value (~$425,945) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $240k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $927 ($11k/yr) — positive. Per door: $464/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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 (+1.4%/yr); 142 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $3,273/mo this rent would consume 65% of the median local household income ($60k/yr) (locally 823% 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 $2k of loan paydown is wiped out by about $7k 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 + 1.4% rent growth), your $67k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $211,199 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 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 1915 — 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. 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: 1.36% ✓
• Cap rate: 10.93%
• Cash-on-cash: 16.56%
• DSCR: 1.74
• GRM: 6.1

CMA / ARV

• ARV (median comp): $425,945
• List price: $239,999
• Delta: -43.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
440 Stoddart Ave #442	0.06mi	6/—	2,576 (-7%)	8mo	$350,000	$136	79
1667-1671 Bryden Rd	0.20mi	4/—	3,000 (+8%)	0mo	$570,000	$190	77
1825-1827 Bryden Rd	0.23mi	2/—	2,941 (+6%)	6mo	$585,900	$199	74
1555-1557 E Rich St	0.24mi	6/—	2,520 (-9%)	2mo	$384,000	$152	72
717-719 Fairwood Ave	0.34mi	3/—	3,006 (+9%)	2mo	$430,000	$143	68
1456-1458 Bryden	0.44mi	6/—	2,576 (-7%)	1mo	$463,500	$180	67
238-240 Miller Ave	0.46mi	6/2.5	2,550 (-8%)	6mo	$369,900	$145	61
1669-1671 Oak St	0.34mi	4/—	2,424 (-12%)	6mo	$505,000	$208	59
773 Berkeley Rd	0.48mi	6/—	2,560 (-7%)	8mo	$238,500	$93	58
1422 Bryden Rd	0.49mi	5/—	2,482 (-10%)	4mo	$400,000	$161	57
780-782 Seymour Ave	0.44mi	4/—	2,464 (-11%)	5mo	$342,000	$139	57
862 Fairwood Ave	0.55mi	6/—	2,352 (-15%)	8mo	$230,000	$98	43

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 · 1.43% rent growth · sell at horizon

5-year hold

• IRR: 5.9%
• Equity multiple: 1.22×
• Total profit: $15,115
• Equity at exit: $35,785

10-year hold

• IRR: 13.8%
• Equity multiple: 2.03×
• Total profit: $69,154
• Equity at exit: $20,751

Cash invested: $67,200 (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 43205

• Rents YoY: 1.4%
• Active inventory: 142
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $3,273 high
• Mortgage (P&I): −$1,259
• Tax est. 1.5%: −$300 /mo · $3,600/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$687
• Net cashflow: $927

Break-even live

Break-even rent $2,099

Max offer price $239,999

Occupancy floor 67%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,272
Total (2 units)			$3,273

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
366 Berkeley Rd Columbus, OH	2.0	1.0	2520	$1,550	$0.62	43d	1	0.21mi
1702 Bryden Rd #1704 Columbus, OH	3.0	2.5	2000	$2,300	$1.15	17d	1	0.24mi
1402 Fair Ave Columbus, OH	3.0	2.5	2563	$2,350	$0.92	16d	1	0.67mi
1445 E Broad St Columbus, OH	1.0–5.0	1.0–5.0	2164	$1,504	$0.70	1d	4	0.74mi
627 Oakwood Ave Columbus, OH	3.0	2.5	2009	$2,379	$1.18	12d	1	0.84mi
498 S Ohio Ave Unit A Columbus, OH	2.0	1.0	2582	$1,500	$0.58	43d	1	0.90mi
683 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	2728	$1,700	$0.62	43d	1	0.94mi
27 Winner Ave Unit 27B Columbus, OH	1.0	1.0	3661	$900	$0.25	43d	1	0.95mi
965 E Rich St Unit 965 Columbus, OH	3.0	1.0	2184	$1,600	$0.73	23d	1	1.06mi
698 S 22nd St Columbus, OH	3.0	3.5	2400	$2,500	$1.04	43d	1	1.08mi
890 E Livingston Ave #892 Columbus, OH	3.0	1.0	2430	$1,400	$0.58	12d	1	1.18mi
1175 Studer Ave Columbus, OH	1.0	1.0	2484	$800	$0.32	23d	1	1.22mi
47 S Monroe Ave Unit 49 Columbus, OH	1.0	1.0	2476	$1,695	$0.68	43d	1	1.40mi
1214 Atcheson St #1216 Columbus, OH	3.0	1.5	2613	$1,600	$0.61	43d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $239,999 Active 123 DOM
2. 2026-06-17
   days on market $239,999 Active 122 DOM
3. 2026-06-16
   days on market $239,999 Active 121 DOM
4. 2026-06-15
   days on market $239,999 Active 120 DOM
5. 2026-06-13
   days on market $239,999 Active 118 DOM
6. 2026-06-13
   days on market $239,999 Active 117 DOM
7. 2026-06-09
   days on market $239,999 Active 114 DOM
8. 2026-06-08
   days on market $239,999 Active 113 DOM
9. 2026-06-07
   days on market $239,999 Active 112 DOM
10. 2026-06-05
    days on market $239,999 Active 109 DOM
11. 2026-06-03
    days on market $239,999 Active 108 DOM
12. 2026-06-02
    days on market $239,999 Active 107 DOM
13. 2026-06-01
    days on market $239,999 Active 106 DOM
14. 2026-05-31
    days on market $239,999 Active 105 DOM
15. 2026-04-13
    price $239,999 1194-char remark

    Show marketing remark (1194 chars)

    Value-add duplex with substantial upside and recent exterior improvements. The brick exterior has been tuck-pointed and painted, complemented by a black dimensional roof, updated interior windows, and glass block bathroom windows. Front and rear decks have been completed for both units. The property features a large fenced-in backyard with ample space to add one or two garages. Located on East Main Street, the property sits next to a well-established and active church, offering a strong neighborhood anchor. Each side offers three levels plus a full basement, with 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room per unit. An additional approximately 1,000 square feet on the third level (not reflected in auditor records) provides significant expansion potential. Interior framing has been installed throughout and a majority of the electrical has been completed. Plumbing materials onsite convey with the home purchase. Once completed, each unit is projected to rent for approximately $1,800-$2,200 per month, making this an attractive opportunity for investors seeking long-term cash flow. Property is being sold As Is. Contact listing agent for interior showings.

16. 2026-03-05
    price $254,900 1194-char remark

    Show marketing remark (1194 chars)

    Value-add duplex with substantial upside and recent exterior improvements. The brick exterior has been tuck-pointed and painted, complemented by a black dimensional roof, updated interior windows, and glass block bathroom windows. Front and rear decks have been completed for both units. The property features a large fenced-in backyard with ample space to add one or two garages. Located on East Main Street, the property sits next to a well-established and active church, offering a strong neighborhood anchor. Each side offers three levels plus a full basement, with 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room per unit. An additional approximately 1,000 square feet on the third level (not reflected in auditor records) provides significant expansion potential. Interior framing has been installed throughout and a majority of the electrical has been completed. Plumbing materials onsite convey with the home purchase. Once completed, each unit is projected to rent for approximately $1,800-$2,200 per month, making this an attractive opportunity for investors seeking long-term cash flow. Property is being sold As Is. Contact listing agent for interior showings.

17. 2026-02-15
    listed $269,900 Active 1194-char remark

    Show marketing remark (1194 chars)

    Value-add duplex with substantial upside and recent exterior improvements. The brick exterior has been tuck-pointed and painted, complemented by a black dimensional roof, updated interior windows, and glass block bathroom windows. Front and rear decks have been completed for both units. The property features a large fenced-in backyard with ample space to add one or two garages. Located on East Main Street, the property sits next to a well-established and active church, offering a strong neighborhood anchor. Each side offers three levels plus a full basement, with 4 bedrooms, 3 full bathrooms, a kitchen, family room, and dining room per unit. An additional approximately 1,000 square feet on the third level (not reflected in auditor records) provides significant expansion potential. Interior framing has been installed throughout and a majority of the electrical has been completed. Plumbing materials onsite convey with the home purchase. Once completed, each unit is projected to rent for approximately $1,800-$2,200 per month, making this an attractive opportunity for investors seeking long-term cash flow. Property is being sold As Is. Contact listing agent for interior showings.

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 21% 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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,276
• − Mortgage interest: −$13,444
• − Property taxes: −$3,600
• − Insurance: −$1,200
• − Repairs & maintenance: −$3,142
• − Management: −$3,142
• − Depreciation: −$6,982
• Taxable income: $7,766
• Est. tax owed @ 24.0%: −$1,864
• After-tax cash flow: $9,261/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

Good 75/100 Cosmetic rehab

A well-maintained, recently improved multi-family property with good curb appeal and potential for further value enhancement.

Value-add opportunities

• Both Landscaping — Enhances curb appeal and adds value
• Both Add garages — Expands living space and parking
• Both Update interior — Modernizes and improves aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping — Enhances curb appeal and adds value ↑
• Both Add garages — Expands living space and parking ↑
• Both Update interior — Modernizes and improves aesthetics ↑

ⓘ 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): 12,618
• Household income: $60,181
• Rent vs Own: 62.7% rent · 37.3% own
• Severe rent burden: 823.0

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 0.60)
• Race & ethnicity: Black 47% White 42% Two or more races 7% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Asian/Pacific 1% Other Indo-European 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: ▼ -282.36%
• Current HPI: 212.5692
• Rent YoY: ▲ 1.43%
• 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

-11.1% since first listed

3 events — show timeline

• 2026-04-13 Price Changed $239,999 CBRMLS
• 2026-03-05 Price Changed $254,900 CBRMLS
• 2026-02-15 Listed $269,900 CBRMLS