155 W Walnut St · Wadsworth, OH 44281

$174,900

3 bd · 1.0 ba · 1,680 sqft · SingleFamily public records · 142 Days on market

Built 1907 7,370 sqft lot $104/sqft · 10% below area Est $194k · 10% 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 +27.6/30.0
• ARV discount +12.0/15.0
• DSCR +9.7/10.0
• 1% rule +6.8/10.0
• Schools +6.5/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

Key facts

• Close to parks
• Close to schools
• Low maintenance yard

Tags

• FIRST FLOOR LAUNDRY
• UPDATED HARDWOOD FLOORING
• LARGE FINISHABLE ATTIC
• LOW MAINTENANCE YARD
• CLOSE TO PARKS
• CLOSE TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $521 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 135 active listings in the ZIP; 4 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; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 9754% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $100k; list at $175k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $153,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 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 1907 — 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. 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 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: 1.18% ✓
• Cap rate: 9.86%
• Cash-on-cash: 12.76%
• DSCR: 1.57
• GRM: 7.1

CMA / ARV

• ARV (median comp): $194,481
• List price: $174,900
• Delta: -10.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
146 E Bergey St	0.21mi	2/2.0 (-1)	1,530 (-9%)	12mo	$143,000	$93	56
153 Pine St	0.32mi	3/3.0	1,632 (-3%)	20mo	$290,000	$178	55
250 East St	0.46mi	4/2.0 (+1)	1,616 (-4%)	12mo	$239,900	$148	53
301 S Lyman St	0.34mi	3/2.0	1,461 (-13%)	7mo	$212,000	$145	53
191 Ry Rd	0.66mi	3/3.0	1,728 (+3%)	5mo	$470,000	$272	52
150 Pine St	0.34mi	3/1.0	1,554 (-8%)	24mo	$155,000	$100	52
325 E Bergey St	0.56mi	3/2.0	1,525 (-9%)	6mo	$185,000	$121	50
155 Northpark Dr	0.41mi	3/3.0	1,540 (-8%)	14mo	$344,000	$223	48
397 Dalton Dr	0.52mi	3/3.0	1,504 (-10%)	10mo	$405,000	$269	42
190 East St	0.56mi	3/1.0	1,472 (-12%)	16mo	$80,000	$54	40
288 College St	0.68mi	3/2.0	1,466 (-13%)	10mo	$210,000	$143	34

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: 2.5%
• Equity multiple: 1.10×
• Total profit: $4,783
• Equity at exit: $26,078

10-year hold

• IRR: 12.1%
• Equity multiple: 1.95×
• Total profit: $46,732
• Equity at exit: $15,122

Cash invested: $48,972 (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 44281

• Active inventory: 135
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,062 medium
• Mortgage (P&I): −$917
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $521

Break-even live

Break-even rent $1,403

Max offer price $174,900

Occupancy floor 70%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
487 Sparrow Way Unit A Wadsworth, OH	3.0	2.5	1525	$1,795	$1.18	43d	1	0.64mi
440 Barrenwood Dr Wadsworth, OH	4.0	2.5	1839	$2,800	$1.52	1d	1	0.67mi
172 1st St Wadsworth, OH	2.0	2.0	1150	$1,950	$1.70	20d	1	0.85mi
466 S Kaser Dr Unit 468 Wadsworth, OH	3.0	1.0	1500	$1,250	$0.83	43d	1	0.96mi

Listing history 15 events

1. 2026-05-17
   status Pending 1068-char remark

   Show marketing remark (1068 chars)

   Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

2. 2026-05-01
   price $174,900 1068-char remark

   Show marketing remark (1068 chars)

   Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

3. 2026-04-06
   status Active 1068-char remark

   Show marketing remark (1068 chars)

   Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

4. 2026-04-06
   price $189,000 1068-char remark

   Show marketing remark (1068 chars)

   Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

5. 2026-03-20
   status Pending 1068-char remark

   Show marketing remark (1068 chars)

   Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

6. 2026-03-13
   historical $1,775
7. 2026-03-11
   listed $1,775
8. 2026-03-10
   historical $1,775
9. 2026-02-15
   price $1,775
10. 2026-01-13
    price $199,000 1068-char remark

    Show marketing remark (1068 chars)

    Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

11. 2026-01-10
    listed $1,850
12. 2025-12-09
    listed $199,900 Active 1068-char remark

    Show marketing remark (1068 chars)

    Welcome to 155 W Walnut St in the heart of Wadsworth! This charming 3-bedroom, 1-bath home offers the perfect blend of character and thoughtful updates throughout. Step inside to a warm and inviting main floor featuring a convenient first-floor laundry, updated hardwood flooring, fresh paint, and a bright, open layout ideal for everyday living. The spacious kitchen provides plenty of counter space and cabinetry, making meal prep effortless. The adjoining dining and living areas offer great flow and natural light, perfect for gatherings or quiet nights in. Upstairs you'll find three comfortable bedrooms and a refreshed full bathroom. Looking for more space? The home also features a large finishable attic, a fantastic opportunity to create a 4th bedroom, home office, or bonus living area to suit your needs. Outside, enjoy a low-maintenance yard and a location that puts you close to parks, schools, shops, and all that Wadsworth has to offer. Move-in ready and full of potential—don’t miss your chance to make this beautifully updated home yours!

13. 2025-08-25
    soldstatus $100,000
14. 1989-12-01
    soldstatus $28,900
15. 1989-07-13
    soldstatus $25,000

ⓘ 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: $1,420 · $118/mo
• Projected year-2 tax: $2,074 · $173/mo
• Expected delta: +$654/yr (+$55/mo · 46.1%)

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,744
• − Mortgage interest: −$9,797
• − Property taxes: −$1,420
• − Insurance: −$874
• − Repairs & maintenance: −$1,979
• − Management: −$1,979
• − Depreciation: −$5,088
• Taxable income: $3,605
• Est. tax owed @ 24.0%: −$865
• After-tax cash flow: $5,381/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• Rent YoY: —
• Metro: Cleveland-Elyria, 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

+599.6% since first listed

15 events — show timeline

• 2026-05-17 Pending — MLSNOW
• 2026-05-01 Price Changed $174,900 MLSNOW
• 2026-04-06 Relisted — MLSNOW
• 2026-04-06 Price Changed $189,000 MLSNOW
• 2026-03-20 Pending — MLSNOW
• 2026-03-13 Rental Removed $1,775 BUILDIUM
• 2026-03-11 Listed for Rent $1,775 BUILDIUM
• 2026-03-10 Rental Removed $1,775 YESMLS
• 2026-02-15 Price Changed $1,775 YESMLS
• 2026-01-13 Price Changed $199,000 MLSNOW
• 2026-01-10 Listed for Rent $1,850 YESMLS
• 2025-12-09 Listed $199,900 MLSNOW
• 2025-08-25 Sold (Public Records) $100,000 Public Records
• 1989-12-01 Sold (Public Records) $28,900 Public Records
• 1989-07-13 Sold (Public Records) $25,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,420 · -9.4% YoY. Source: county tax records.