815 Edison Ln · Port Clinton, OH 43452

$95,000

4 bd · 2.0 ba · 1,344 sqft · MultiFamily public records · 6 Days on market

Built 1944 5,083 sqft lot Est $126k · 25% under

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +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: 2 units. confirmed

Listing remarks MLS

Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

Key facts

• On-site storage shed
• New roof
• 5,083 sq ft lot

Tags

• TURNKEY DUPLEX OPPORTUNITY
• NEW ROOF
• ON-SITE STORAGE SHED
• CLOSE PROXIMITY TO LOCAL SHOPS
• QUICK ACCESS TO THE FERRIES

Property features AI

Finance

• Other: Annual tax amount listed (excluded from details per instructions)
• Financial info: Two rental units with reported actual rents: one unit showing $547 (leased), the other showing $500 (leased); Both leased units have leases expiring April 23, 2026; One building (multi-unit property)

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story building
• Construction: Vinyl siding; Asphalt roof; Year built source: public records
• Exterior features: Lot recorded as approximately 0.1167 acres

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Two-bedroom units (one unit listed as 'Two Bedroom' with 2 beds; another unit described as Two Bedroom but lists 1 bed — units described individually below)
• Bathrooms: Two full bathrooms total (building-level); Unit 1: 1 bathroom; Unit 2: 1 bathroom
• Heating & cooling: Gas heating; Space heater(s)
• Interior features: 8 total rooms; Public sewer and water (utility info placed here for visibility)
• Laundry & utility: Utilities: Public water, public sewer

🏷️ Possibly a rental listed for sale. The $95,000 price doesn't fit this home's estimated sale value (~$126,270) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $95k.

Deal economics

• At list price, monthly cash flow is $2k ($27k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $95k).
• Cap rate 34.7% vs local median 2.3% in Port Clinton — 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 72/100 on livability (#359 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment C-, amenities F, commute F.
• Port Clinton City (town): math 55% / reading 59% proficiency, ranked #342 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 220 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 128 units permitted in Ottawa County in 2024 (0 in 5+ unit buildings).
• At $3,621/mo this rent would consume 68% of the median local household income ($64k/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 $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ottawa County population projected at -19% 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 $27k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 1944 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 3.81% ✓
• Cap rate: 34.73%
• Cash-on-cash: 101.57%
• DSCR: 5.52
• GRM: 2.2

CMA / ARV

• ARV (median comp): $126,270
• List price: $95,000
• Delta: -24.76%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
815-817 Bataan Ln	0.09mi	4/2.0	1,344 (0%)	18mo	$54,220	$40	81

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: —
• Equity multiple: 5.81×
• Total profit: $128,023
• Equity at exit: $14,165

10-year hold

• IRR: —
• Equity multiple: 12.14×
• Total profit: $296,225
• Equity at exit: $8,214

Cash invested: $26,600 (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 43452

• Active inventory: 220
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $3,621 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$71 /mo · $857/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$760
• Net cashflow: $2,251

Break-even live

Break-even rent $771

Max offer price $95,000

Occupancy floor 33%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,620
Total (2 units)			$3,621

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
727 Madison St Port Clinton, OH	3.0	1.0	1700	$1,800	$1.06	43d	1	0.75mi

Listing history 13 events

1. 2026-05-04
   status Pending 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

2. 2026-05-04
   status Pending 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

3. 2026-05-02
   status Active 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

4. 2026-05-02
   status Active 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

5. 2026-04-27
   historical Active Under Contract 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

6. 2026-04-27
   status Pending 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

7. 2026-04-23
   listed $95,000 Active 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

8. 2026-04-23
   listed $95,000 Active 1229-char remark

   Show marketing remark (1229 chars)

   Turnkey duplex opportunity in the heart of Port Clinton! This well-maintained property features two fully occupied units, each offering 2 bedrooms and 1 full bathideal for steady rental income from day one. A new roof installed in 2023 provides added peace of mind and reduces near-term capital expenses. Both tenants are currently on month-to-month leases, giving you flexibility to continue as a long-term rental or explore higher-yield options like short-term or Airbnb-style rentals. With strong demand in the area, this property offers excellent upside potential for investors looking to maximize returns. Situated just minutes from downtown Port Clinton, you'll enjoy close proximity to local shops, dining, and entertainment, along with quick access to the ferries for the Lake Erie islandsmaking it especially appealing for vacationers and seasonal guests. Additional features include a convenient on-site storage shed, perfect for tenant use or owner storage. Whether you're expanding your portfolio or entering the investment market, this duplex checks all the boxes: location, flexibility, and income potential. Don't miss your chance to own a versatile property in one of Ohio's most desirable waterfront communities!

9. 2025-07-04
   historical
10. 2025-04-18
    price $84,000
11. 2025-04-18
    price $84,000
12. 2025-01-14
    listed $95,000 Active
13. 2010-12-23
    soldstatus $12,405

ⓘ 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: $857 · $71/mo
• Projected year-2 tax: $1,170 · $97/mo
• Expected delta: +$312/yr (+$26/mo · 36.4%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,452
• − Mortgage interest: −$5,321
• − Property taxes: −$857
• − Insurance: −$475
• − Repairs & maintenance: −$3,476
• − Management: −$3,476
• − Depreciation: −$2,764
• Taxable income: $27,082
• Est. tax owed @ 24.0%: −$6,500
• After-tax cash flow: $20,517/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: Port Clinton City
• NCES district ID: 3904465
• Math proficiency: 55% ▼ -14.00%
• Reading proficiency: 59% ▼ -11.00%
• Median HH income: $47,532
• Composite: 48.34/100
• National rank: #2145
• State rank: #342 of 656 in OH

Livability — Port Clinton

• Score: 72/100
• State rank: #359
• US rank: #5778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Clinton, OH
• County: Ottawa · 37,113 people
• Metro: Sandusky, OH
• Population (ZIP): 14,052
• Household income: $63,815
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 5.6

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 39,548 people
• By 2030: 38,297 · -3.2%
• By 2040: 35,070 · -11.3%
• By 2050: 31,956 · -19.2%
• By 2075: 27,454 · -30.6%
• By 2100: 23,596 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Black 2%
• Common ancestry: Romanian 5% Lithuanian 3% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+25.1) · D 37.0% · R 62.1%
• 2008→2024 swing: -31.3pp toward R · 2008: 6.3pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+23.4 2016: R+19.6 2012: D+4.1 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -145.50%
• Current HPI: 219.0624
• 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

+609.4% since first listed

15 events — show timeline

• 2026-06-08 Sold (MLS) $88,000 FAOR
• 2026-06-08 Sold (MLS) $88,000 MLSNOW
• 2026-05-04 Pending — FAOR
• 2026-05-04 Pending — MLSNOW
• 2026-05-02 Relisted — FAOR
• 2026-05-02 Relisted — MLSNOW
• 2026-04-27 Contingent — FAOR
• 2026-04-27 Pending — MLSNOW
• 2026-04-23 Listed $95,000 FAOR
• 2026-04-23 Listed $95,000 MLSNOW
• 2025-07-04 Listing Removed — MLSNOW
• 2025-04-18 Price Changed $84,000 FAOR
• 2025-04-18 Price Changed $84,000 MLSNOW
• 2025-01-14 Listed $95,000 MLSNOW
• 2010-12-23 Sold (Public Records) $12,405 Public Records

Property tax history

+11.5%/yr

Latest (2025): $857 · -2.0% YoY. Source: county tax records.