1945 Norwood St NW · Warren, OH 44485

$69,900

2 bd · 1.0 ba · 1,934 sqft · SingleFamily public records · 253 Days on market

Built 1939 0.33 ac lot $36/sqft · 52% below area ↓ 38% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Calling all investors and handy homeowners! This 3 bedroom, 1 bath home in Warren offers endless potential. Whether you’re looking for your next renovation project or envision converting it into a duplex for added income, this property is full of opportunity. Inside, you’ll find a spacious layout ready for your personal touch and updates to bring it back to life. Outside, a large detached 3 car garage provides plenty of room for vehicles, storage, or a workshop, perfect for any hobbyist or contractor. The beautiful backyard is the perfect place to relax or entertain guests, offering plenty of space for outdoor gatherings, gardens, or summer cookouts. Conveniently located near local amenities, schools, and major routes, this property is ideal for someone ready to roll up their sleeves and create value. With a little vision and effort, 1945 Norwood St NW could be transformed into a standout investment or a customized home you’ll love.

Key facts

• Beautiful backyard
• Spacious layout
• 0.33 acre lot

Tags

• LARGE DETACHED GARAGE
• BEAUTIFUL BACKYARD
• SPACIOUS LAYOUT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $411 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 6.0% 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.
• Market conditions: 42 active listings in the ZIP; 1 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($34k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.1%/yr); year-one equity from $483 of loan paydown is wiped out by about $796 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 (-1.1% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 253 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $45k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 253 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 1939 — 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: 1.71% ✓
• Cap rate: 13.35%
• Cash-on-cash: 25.21%
• DSCR: 2.12
• GRM: 4.9

CMA / ARV

• ARV (median comp): $144,232
• List price: $69,900
• Delta: -51.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1744 Norwood St	0.13mi	3/1.5 (+1)	1,668 (-14%)	20mo	$135,000	$81	48
2910 Crestwood	0.68mi	3/2.5 (+1)	1,872 (-3%)	18mo	$134,000	$72	36
2405 Parkwood Dr NW	0.69mi	3/1.5 (+1)	1,692 (-12%)	7mo	$158,000	$93	34
3510 Tod Ave NW	0.71mi	3/3.0 (+1)	1,674 (-13%)	19mo	$185,000	$111	16

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.0%
• Equity multiple: 2.05×
• Total profit: $20,538
• Equity at exit: $16,407

10-year hold

• IRR: 28.5%
• Equity multiple: 3.91×
• Total profit: $57,051
• Equity at exit: $16,835

Cash invested: $19,572 (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 44485

• Home prices YoY: -0.5%
• Active inventory: 42
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,195 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$137 /mo · $1,646/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $411

Break-even live

Break-even rent $674

Max offer price $69,900

Occupancy floor 61%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1388 Beechcrest St NW Warren, OH	3.0	2.0	1297	$1,195	$0.92	13d	1	0.44mi

Listing history 24 events

1. 2026-06-19
   days on market $69,900 Active 253 DOM
2. 2026-06-18
   days on market $69,900 Active 252 DOM
3. 2026-06-17
   days on market $69,900 Active 251 DOM
4. 2026-06-16
   days on market $69,900 Active 250 DOM
5. 2026-06-15
   days on market $69,900 Active 249 DOM
6. 2026-06-14
   days on market $69,900 Active 247 DOM
7. 2026-06-13
   days on market $69,900 Active 246 DOM
8. 2026-06-10
   days on market $69,900 Active 244 DOM
9. 2026-06-09
   days on market $69,900 Active 243 DOM
10. 2026-06-08
    days on market $69,900 Active 242 DOM
11. 2026-06-07
    days on market $69,900 Active 241 DOM
12. 2026-06-05
    days on market $69,900 Active 238 DOM
13. 2026-06-02
    days on market $69,900 Active 236 DOM
14. 2026-06-01
    days on market $69,900 Active 235 DOM
15. 2026-05-31
    days on market $69,900 Active 234 DOM
16. 2026-05-30
    days on market $69,900 Active 233 DOM
17. 2026-01-21
    price $69,900 964-char remark

    Show marketing remark (964 chars)

    Calling all investors and handy homeowners! This 3 bedroom, 1 bath home in Warren offers endless potential. Whether you’re looking for your next renovation project or envision converting it into a duplex for added income, this property is full of opportunity. Inside, you’ll find a spacious layout ready for your personal touch and updates to bring it back to life. Outside, a large detached 3 car garage provides plenty of room for vehicles, storage, or a workshop, perfect for any hobbyist or contractor. The beautiful backyard is the perfect place to relax or entertain guests, offering plenty of space for outdoor gatherings, gardens, or summer cookouts. Conveniently located near local amenities, schools, and major routes, this property is ideal for someone ready to roll up their sleeves and create value. With a little vision and effort, 1945 Norwood St NW could be transformed into a standout investment or a customized home you’ll love.

18. 2025-10-08
    listed $114,900 Active 964-char remark

    Show marketing remark (964 chars)

    Calling all investors and handy homeowners! This 3 bedroom, 1 bath home in Warren offers endless potential. Whether you’re looking for your next renovation project or envision converting it into a duplex for added income, this property is full of opportunity. Inside, you’ll find a spacious layout ready for your personal touch and updates to bring it back to life. Outside, a large detached 3 car garage provides plenty of room for vehicles, storage, or a workshop, perfect for any hobbyist or contractor. The beautiful backyard is the perfect place to relax or entertain guests, offering plenty of space for outdoor gatherings, gardens, or summer cookouts. Conveniently located near local amenities, schools, and major routes, this property is ideal for someone ready to roll up their sleeves and create value. With a little vision and effort, 1945 Norwood St NW could be transformed into a standout investment or a customized home you’ll love.

19. 2022-12-16
    soldstatus $104,500
20. 2022-12-15
    soldstatus $104,500 Closed 573-char remark

    Show marketing remark (573 chars)

    Spacious 1,934 sq home with 4 bedrooms, Living room, Dining room, Solid Knotty Pine Family Room with ventless gas log fireplace & Laundry room on 1st floor. Possible In-Law suite. Electric Service 200 Amp with 100 Amp Subpanel for upstairs, but electric billed together. Waterline installed for a vanity sink upstairs. . 3 car garage. New Sump pump. New refrigerator 2022. 2 Gas Furnaces 1 for upstairs & 1 for downstairs and Gas line installed upstairs for fireplace or stove, entire house gas billed all together. New hot water heater installed October 2022.

21. 2022-10-31
    status Pending 573-char remark

    Show marketing remark (573 chars)

    Spacious 1,934 sq home with 4 bedrooms, Living room, Dining room, Solid Knotty Pine Family Room with ventless gas log fireplace & Laundry room on 1st floor. Possible In-Law suite. Electric Service 200 Amp with 100 Amp Subpanel for upstairs, but electric billed together. Waterline installed for a vanity sink upstairs. . 3 car garage. New Sump pump. New refrigerator 2022. 2 Gas Furnaces 1 for upstairs & 1 for downstairs and Gas line installed upstairs for fireplace or stove, entire house gas billed all together. New hot water heater installed October 2022.

22. 2022-10-28
    price $98,850 573-char remark

    Show marketing remark (573 chars)

    Spacious 1,934 sq home with 4 bedrooms, Living room, Dining room, Solid Knotty Pine Family Room with ventless gas log fireplace & Laundry room on 1st floor. Possible In-Law suite. Electric Service 200 Amp with 100 Amp Subpanel for upstairs, but electric billed together. Waterline installed for a vanity sink upstairs. . 3 car garage. New Sump pump. New refrigerator 2022. 2 Gas Furnaces 1 for upstairs & 1 for downstairs and Gas line installed upstairs for fireplace or stove, entire house gas billed all together. New hot water heater installed October 2022.

23. 2022-10-07
    price $102,000 573-char remark

    Show marketing remark (573 chars)

    Spacious 1,934 sq home with 4 bedrooms, Living room, Dining room, Solid Knotty Pine Family Room with ventless gas log fireplace & Laundry room on 1st floor. Possible In-Law suite. Electric Service 200 Amp with 100 Amp Subpanel for upstairs, but electric billed together. Waterline installed for a vanity sink upstairs. . 3 car garage. New Sump pump. New refrigerator 2022. 2 Gas Furnaces 1 for upstairs & 1 for downstairs and Gas line installed upstairs for fireplace or stove, entire house gas billed all together. New hot water heater installed October 2022.

24. 2022-05-06
    listed $112,000 Active 573-char remark

    Show marketing remark (573 chars)

    Spacious 1,934 sq home with 4 bedrooms, Living room, Dining room, Solid Knotty Pine Family Room with ventless gas log fireplace & Laundry room on 1st floor. Possible In-Law suite. Electric Service 200 Amp with 100 Amp Subpanel for upstairs, but electric billed together. Waterline installed for a vanity sink upstairs. . 3 car garage. New Sump pump. New refrigerator 2022. 2 Gas Furnaces 1 for upstairs & 1 for downstairs and Gas line installed upstairs for fireplace or stove, entire house gas billed all together. New hot water heater installed October 2022.

ⓘ 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: $1,646 · $137/mo
• Projected year-2 tax: $1,646 · $137/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

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: $14,340
• − Mortgage interest: −$3,915
• − Property taxes: −$1,646
• − Insurance: −$350
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$2,033
• Taxable income: $4,101
• Est. tax owed @ 24.0%: −$984
• After-tax cash flow: $3,950/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: 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 · 193,293 people
• City population: 25,805
• Metro: Youngstown-Warren, OH
• Population (ZIP): 15,194
• Household income: $33,720
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 14.2

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Black 38% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

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: ▼ -1.14%
• Current HPI: 212.5324
• 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

-37.6% since first listed

8 events — show timeline

• 2026-01-21 Price Changed $69,900 MLSNOW
• 2025-10-08 Listed $114,900 MLSNOW
• 2022-12-16 Sold (Public Records) $104,500 Public Records
• 2022-12-15 Sold (MLS) $104,500 MLSNOW
• 2022-10-31 Pending — MLSNOW
• 2022-10-28 Price Changed $98,850 MLSNOW
• 2022-10-07 Price Changed $102,000 MLSNOW
• 2022-05-06 Listed $112,000 MLSNOW

Property tax history

+6.2%/yr

Latest (2025): $1,646 · +1.9% YoY. Source: county tax records.