414 E 222nd St · Euclid, OH 44123

$210,000

4 bd · 2.0 ba · 2,052 sqft · MultiFamily public records · 37 Days on market

Built 1951 5,418 sqft lot Est $169k · 24% over

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Why this score? — see what drove the C- 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 +25.5/30.0
• DSCR +8.4/10.0
• 1% rule +7.2/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• 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

WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

Key facts

• Brick duplex
• Off-street parking
• Detached garage

Tags

• BRICK DUPLEX
• PARTIALLY FINISHED BASEMENT
• DETACHED GARAGE
• OFF-STREET PARKING

Property features AI

Finance

• Other: One building (multi-unit property)
• Financial info: Upper unit rent: $1,279 (leased through March 31, 2027); Lower unit rent: $1,251 (leased through August 21, 2026)

Exterior

• Parking: Detached garage; 2 garage spaces
• Utilities: Public water supply; Public sewer
• Home design: 2-story building; Brick construction; Asphalt shingle roof
• Construction: Built (year per public records); Brick exterior; Asphalt shingle roof; Partial basement
• Exterior features: Public water; Public sewer

Interior

• Bedrooms: Upper unit: 2 bedrooms; Lower unit: 2 bedrooms
• Bathrooms: 2 full bathrooms (total in building); Upper unit: 1 bathroom; Lower unit: 1 bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Partial basement; 8 total rooms

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $210k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive. Per door: $244/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $210k).
• Recommended offer: $204k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 6.8% in Euclid — 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 77/100 on livability (#204 in OH, #3,149 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools C-, commute F, employment D-.
• Euclid City (suburban): math 14% / reading 28% proficiency, ranked #625 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.3%/yr); 93 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $2,554/mo this rent would consume 55% of the median local household income ($56k/yr) (locally 1085% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Cuyahoga County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $59k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 32y ago 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.
• Current owner paid $150k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $203,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% 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 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.22% ✓
• Cap rate: 9.08%
• Cash-on-cash: 9.95%
• DSCR: 1.44
• GRM: 6.9

CMA / ARV

• ARV (median comp): $169,137
• List price: $210,000
• Delta: 24.16%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
444 E 222nd St	0.06mi	4/2.0	1,918 (-6%)	20mo	$153,352	$80	70
20520 Ball Ave	0.68mi	4/2.0	1,988 (-3%)	10mo	$162,000	$81	55

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 · 5.28% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $3,102
• Equity at exit: $31,312

10-year hold

• IRR: 13.2%
• Equity multiple: 2.17×
• Total profit: $68,804
• Equity at exit: $18,157

Cash invested: $58,800 (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 44123

• Home prices YoY: -25.0%
• Rents YoY: 5.3%
• Active inventory: 93
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $2,554 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$341 /mo · $4,096/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $488

Break-even live

Break-even rent $1,937

Max offer price $210,000

Occupancy floor 76%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,554
Total (2 units)			$2,554

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21000 Crystal Ave Euclid, OH	5.0	2.0	1512	$2,150	$1.42	17d	1	0.43mi
23214 Gay St Euclid, OH	3.0	1.0	1634	$1,864	$1.14	23d	1	0.51mi
20500 Priday Ave Euclid, OH	4.0	1.5	1698	$1,750	$1.03	44d	1	0.61mi
20547 Fuller Ave Euclid, OH	5.0	3.0	1600	$1,800	$1.12	16d	1	0.62mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	0.86mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	1.08mi
19450 Monterey Ave Cleveland, OH	5.0	1.5	1800	$1,690	$0.94	4d	1	1.21mi
19330 Monterey Ave Cleveland, OH	4.0	1.5	1578	$1,450	$0.92	2d	1	1.24mi
386 Walworth Ave Unit 1496104P Euclid, OH	4.0	3.0	1862	$6,861	$3.68	2d	1	1.30mi

Listing history 25 events

1. 2026-06-18
   days on market $210,000 Active 37 DOM
2. 2026-06-17
   days on market $210,000 Active 36 DOM
3. 2026-06-16
   days on market $210,000 Active 35 DOM
4. 2026-06-15
   days on market $210,000 Active 34 DOM
5. 2026-06-13
   days on market $210,000 Active 32 DOM
6. 2026-06-09
   days on market $210,000 Active 28 DOM
7. 2026-06-08
   days on market $210,000 Active 27 DOM
8. 2026-06-07
   days on market $210,000 Active 26 DOM
9. 2026-06-05
   days on market $210,000 Active 23 DOM
10. 2026-06-03
    days on market $210,000 Active 22 DOM
11. 2026-06-02
    days on market $210,000 Active 21 DOM
12. 2026-06-01
    days on market $210,000 Active 20 DOM
13. 2026-05-31
    days on market $210,000 Active 19 DOM
14. 2026-05-12
    listed $210,000 Active 1260-char remark
15. 2023-08-22
    soldstatus $150,000
16. 2018-06-14
    soldstatus $77,500 Sold 681-char remark

    Show marketing remark (681 chars)

    WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

17. 2018-06-14
    soldstatus $77,500

    Show marketing remark (681 chars)

    WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

18. 2018-05-24
    status Pending 681-char remark

    Show marketing remark (681 chars)

    WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

19. 2018-05-11
    historical Contingent 681-char remark

    Show marketing remark (681 chars)

    WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

20. 2018-05-04
    listed $72,000 Active 681-char remark

    Show marketing remark (681 chars)

    WOW! Excellent brick two family home in the heart of Euclid! Looking for an income property? Move into one unit, and instant cash flow is yours with the other unit leased. Just unpack and enjoy the spacious floor plans, great location, and ease of living! Each unit has a light-filled living room, generous dining room with built-in cabinet, and two good sized bedrooms. Both bathrooms are well-preserved "retro" chic! Kitchens with crisp, efficient layout and appliances. Laundry area includes washer and dryer. Lots of storage. 2 car garage. Fenced back yard. Located close to freeways, shopping, restaurants, parks, medical. Look no further- call today and see it now!

21. 1995-04-06
    soldstatus $92,000

    Show marketing remark (74 chars)

    Well Maintained/ Easy To Show / Furnace & Hot Water Tanks 2 Yrs Old.

22. 1995-03-31
    historical

    Show marketing remark (74 chars)

    Well Maintained/ Easy To Show / Furnace & Hot Water Tanks 2 Yrs Old.

23. 1995-03-31
    soldstatus $92,000

    Show marketing remark (74 chars)

    Well Maintained/ Easy To Show / Furnace & Hot Water Tanks 2 Yrs Old.

24. 1994-06-15
    listed $96,500

    Show marketing remark (74 chars)

    Well Maintained/ Easy To Show / Furnace & Hot Water Tanks 2 Yrs Old.

25. 1982-09-03
    soldstatus $58,000

ⓘ 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: $4,096 · $341/mo
• Projected year-2 tax: $4,096 · $341/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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,648
• − Mortgage interest: −$11,763
• − Property taxes: −$4,096
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,452
• − Management: −$2,452
• − Depreciation: −$6,109
• Taxable income: $2,726
• Est. tax owed @ 24.0%: −$654
• After-tax cash flow: $5,196/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: Euclid City
• NCES district ID: 3904395
• Math proficiency: 14% ▼ -19.00%
• Reading proficiency: 28% ▼ -14.00%
• Median HH income: $36,385
• Composite: 17.39/100
• National rank: #9067
• State rank: #625 of 656 in OH

Livability — Euclid

• Score: 77/100
• State rank: #204
• US rank: #3149

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 41,855
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 18,050
• Household income: $55,676
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 1085.0

Population outlook (Cuyahoga County) Hauer SSP2

• Today (2025): 1,244,621 people
• By 2030: 1,230,093 · -1.2%
• By 2040: 1,189,108 · -4.5%
• By 2050: 1,145,706 · -7.9%
• By 2075: 1,076,557 · -13.5%
• By 2100: 978,987 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 5%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 1%

Political lean MEDSL · Cuyahoga

• 2024 margin: Solid D (+31.5) · D 65.4% · R 33.9%
• 2008→2024 swing: -7.4pp toward R · 2008: 38.9pp · 2024: 31.5pp
• All cycles: 2024: D+31.5 2020: D+34.1 2016: D+35.0 2012: D+38.7 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.82%
• Current HPI: 188.4932
• Rent YoY: ▲ 5.28%
• 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

+262.1% since first listed

12 events — show timeline

• 2026-05-12 Listed $210,000 MLSNOW
• 2023-08-22 Sold (Public Records) $150,000 Public Records
• 2018-06-14 Sold (Public Records) $77,500 Public Records
• 2018-06-14 Sold (MLS) $77,500 MLSNOW
• 2018-05-24 Pending — MLSNOW
• 2018-05-11 Contingent — MLSNOW
• 2018-05-04 Listed $72,000 MLSNOW
• 1995-04-06 Sold (MLS) $92,000 MLSNOW
• 1995-03-31 Sold (Public Records) $92,000 Public Records
• 1995-03-31 Listing Removed — MLSNOW
• 1994-06-15 Listed $96,500 MLSNOW
• 1982-09-03 Sold (Public Records) $58,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $4,096 · -4.3% YoY. Source: county tax records.