39030 Brookfield Ave · Lisbon, OH 44432

$165,000

6 bd · 3.0 ba · 2,684 sqft · MultiFamily public records · 209 Days on market

Built 1900 5,401 sqft lot $61/sqft · 12% above area Est $148k · 12% over

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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
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.3/15.0
• 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

Rare, fully vacant Lisbon triplex ready for an investor or buyer looking to live in one unit and rent the rest. Each apartment offers 2 bedrooms, 1 bathroom, kitchens all ready with kitchen appliances to stay and electric baseboard heat—no gas bill to manage. The upper unit includes laundry hookups, boosting rental value. Another significant advantage is the convenient on site parking for up to four cars in the back, perfectly complemented by the property's prime location near downtown, restaurants, shopping, and many more exciting opportunities. Turnkey, flexible, and priced for a quick sale. Immediate occupancy. Easy to show. This opportunity won’t last.

Key facts

• On site parking
• Kitchens all ready
• Prime location

Tags

• FULLY VACANT
• KITCHENS ALL READY
• LAUNDRY HOOKUPS
• ON SITE PARKING
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $165k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive. Per door: $591/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#453 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• Lisbon Exempted Village (town): math 47% / reading 55% proficiency, ranked #436 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 31 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).
• At $3,585/mo this rent would consume 68% of the median local household income ($63k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% 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 $46k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 16y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $165k implies a 153% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 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 1900 — 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. Schools are B-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?
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: 2.17% ✓
• Cap rate: 19.19%
• Cash-on-cash: 46.05%
• DSCR: 3.05
• GRM: 3.8

CMA / ARV

• ARV (median comp): $147,858
• List price: $165,000
• Delta: 11.59%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 43.3%
• Equity multiple: 2.87×
• Total profit: $86,196
• Equity at exit: $24,602

10-year hold

• IRR: 49.3%
• Equity multiple: 5.77×
• Total profit: $220,488
• Equity at exit: $14,266

Cash invested: $46,200 (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 44432

• Home prices YoY: -24.8%
• Active inventory: 31
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $3,585 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$125 /mo · $1,500/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$753
• Net cashflow: $1,773

Break-even live

Break-even rent $1,341

Max offer price $165,000

Occupancy floor 46%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$3,585
Total (3 units)			$3,585

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-18
   days on market $165,000 Active 209 DOM
2. 2026-06-17
   days on market $165,000 Active 208 DOM
3. 2026-06-16
   days on market $165,000 Active 207 DOM
4. 2026-06-16
   remarks 687-char remark
5. 2026-06-15
   days on market $165,000 Active 206 DOM
6. 2026-06-13
   days on market $165,000 Active 204 DOM
7. 2026-06-12
   days on market $165,000 Active 203 DOM
8. 2026-06-09
   days on market $165,000 Active 200 DOM
9. 2026-06-08
   days on market $165,000 Active 199 DOM
10. 2026-06-08
    days on market $165,000 Active 198 DOM
11. 2026-06-07
    days on market $165,000 Active 197 DOM
12. 2026-06-04
    days on market $165,000 Active 194 DOM
13. 2026-06-02
    days on market $165,000 Active 193 DOM
14. 2026-06-01
    days on market $165,000 Active 192 DOM
15. 2026-05-31
    days on market $165,000 Active 191 DOM
16. 2026-03-10
    price $165,000 676-char remark

    Show marketing remark (676 chars)

    Rare, fully vacant Lisbon triplex ready for an investor or buyer looking to live in one unit and rent the rest. Each apartment offers 2 bedrooms, 1 bathroom, kitchens all ready with kitchen appliances to stay and electric baseboard heat—no gas bill to manage. The upper unit includes laundry hookups, boosting rental value. Another significant advantage is the convenient on site parking for up to four cars in the back, perfectly complemented by the property's prime location near downtown, restaurants, shopping, and many more exciting opportunities. Turnkey, flexible, and priced for a quick sale. Immediate occupancy. Easy to show. This opportunity won’t last.

17. 2026-01-10
    price $170,000 676-char remark

    Show marketing remark (676 chars)

    Rare, fully vacant Lisbon triplex ready for an investor or buyer looking to live in one unit and rent the rest. Each apartment offers 2 bedrooms, 1 bathroom, kitchens all ready with kitchen appliances to stay and electric baseboard heat—no gas bill to manage. The upper unit includes laundry hookups, boosting rental value. Another significant advantage is the convenient on site parking for up to four cars in the back, perfectly complemented by the property's prime location near downtown, restaurants, shopping, and many more exciting opportunities. Turnkey, flexible, and priced for a quick sale. Immediate occupancy. Easy to show. This opportunity won’t last.

18. 2025-11-21
    listed $180,000 Active 676-char remark

    Show marketing remark (676 chars)

    Rare, fully vacant Lisbon triplex ready for an investor or buyer looking to live in one unit and rent the rest. Each apartment offers 2 bedrooms, 1 bathroom, kitchens all ready with kitchen appliances to stay and electric baseboard heat—no gas bill to manage. The upper unit includes laundry hookups, boosting rental value. Another significant advantage is the convenient on site parking for up to four cars in the back, perfectly complemented by the property's prime location near downtown, restaurants, shopping, and many more exciting opportunities. Turnkey, flexible, and priced for a quick sale. Immediate occupancy. Easy to show. This opportunity won’t last.

19. 2022-06-01
    soldstatus $65,250
20. 2022-05-27
    soldstatus $65,000 Closed
21. 2022-05-01
    status Pending
22. 2022-04-12
    listed $85,000 Active
23. 2018-06-25
    soldstatus $65,000 Sold
24. 2018-06-19
    soldstatus $65,250
25. 2018-05-01
    status Pending
26. 2018-04-12
    historical Contingent
27. 2018-03-25
    listed $65,000 Active
28. 2017-04-26
    historical
29. 2016-10-28
    listed $65,000 Active
30. 2016-01-12
    soldstatus $25,000
31. 2011-08-26
    soldstatus $25,000
32. 2011-04-15
    listed $25,000
33. 2011-04-01
    historical
34. 2010-09-01
    listed $40,000
35. 2001-12-07
    soldstatus $12,000

ⓘ 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: $1,500 · $125/mo
• Projected year-2 tax: $2,037 · $170/mo
• Expected delta: +$537/yr (+$45/mo · 35.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 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: $43,020
• − Mortgage interest: −$9,243
• − Property taxes: −$1,500
• − Insurance: −$825
• − Repairs & maintenance: −$3,442
• − Management: −$3,442
• − Depreciation: −$4,800
• Taxable income: $19,769
• Est. tax owed @ 24.0%: −$4,744
• After-tax cash flow: $16,532/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: Lisbon Exempted Village
• NCES district ID: 3904545
• Math proficiency: 47% ▼ -20.00%
• Reading proficiency: 55% ▼ -9.00%
• Median HH income: $40,249
• Composite: 42.66/100
• National rank: #3177
• State rank: #436 of 656 in OH

Livability — Lisbon

• Score: 70/100
• State rank: #453
• US rank: #7377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Columbiana · 99,532 people
• Population (ZIP): 12,029
• Household income: $63,173
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 7.7

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 6% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Iranian 2% Slovak 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.65%
• Current HPI: 229.991
• 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

+1275.0% since first listed

20 events — show timeline

• 2026-03-10 Price Changed $165,000 MLSNOW
• 2026-01-10 Price Changed $170,000 MLSNOW
• 2025-11-21 Listed $180,000 MLSNOW
• 2022-06-01 Sold (Public Records) $65,250 Public Records
• 2022-05-27 Sold (MLS) $65,000 MLSNOW
• 2022-05-01 Pending — MLSNOW
• 2022-04-12 Listed $85,000 MLSNOW
• 2018-06-25 Sold (MLS) $65,000 MLSNOW
• 2018-06-19 Sold (Public Records) $65,250 Public Records
• 2018-05-01 Pending — MLSNOW
• 2018-04-12 Contingent — MLSNOW
• 2018-03-25 Listed $65,000 MLSNOW
• 2017-04-26 Listing Removed — MLSNOW
• 2016-10-28 Listed $65,000 MLSNOW
• 2016-01-12 Sold (Public Records) $25,000 Public Records
• 2011-08-26 Sold (MLS) $25,000 MLSNOW
• 2011-04-15 Listed $25,000 MLSNOW
• 2011-04-01 Listing Removed — MLSNOW
• 2010-09-01 Listed $40,000 MLSNOW
• 2001-12-07 Sold (Public Records) $12,000 Public Records

Property tax history

+8.1%/yr

Latest (2025): $1,500 · +8.9% YoY. Source: county tax records.