1244 S Ohio Ave Unit A and B · Columbus, OH 43206

$250,000

4 bd · 0.0 ba · 2,040 sqft · MultiFamily · 48 Days on market

Built 1925 Good condition 4,791 sqft lot $123/sqft · 22% below area Est $322k · 22% 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 +25.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.8/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.4/5.0
• Schools +1.7/10.0
• 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

Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

Key facts

• 4,791 sq ft lot
• Built 1925
• Listed 47 days

Property features AI

Finance

• Financial info: Owner pays water; Annual property tax approximately $3,300 (2024)

Exterior

• Utilities: Public water; Public sewer
• Home design: Duplex; Built in 1925; Street address includes units A and B; Located near E Deshler Ave
• Exterior features: Lot approximately 0.11 acres

Interior

• Heating & cooling: Oil heating; No central cooling
• Interior features: Two total dwelling units (duplex)

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $597 ($7k/yr) — positive. Per door: $299/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.8% in Columbus — 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 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.5%/yr); 198 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• At $2,943/mo this rent would consume 47% of the median local household income ($76k/yr) (locally 846% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $70k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $242,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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 1925 — 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. Crime grade is F 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?
7. 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.
8. 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.
9. 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: 1.18% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.24%
• DSCR: 1.46
• GRM: 7.1

CMA / ARV

• ARV (median comp): $321,500
• List price: $250,000
• Delta: -22.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1065-1067 S Ohio Ave	0.26mi	4/—	1,960 (-4%)	0mo	$168,000	$86	81
1294-1296 Oakwood Ave #1294	0.15mi	4/—	2,184 (+7%)	7mo	$270,000	$124	75
1352-1354 S Champion Ave	0.16mi	5/— (+1)	2,268 (+11%)	3mo	$320,000	$141	66
1184-1186 Linwood Ave	0.34mi	4/—	2,096 (+3%)	17mo	$385,000	$184	65
1375-1377 S Ohio Ave	0.20mi	4/—	1,872 (-8%)	16mo	$360,000	$192	64
1151/1153 Heyl Ave	0.27mi	5/— (+1)	2,150 (+5%)	12mo	$345,000	$160	64
1118-1120 Lockbourne Rd	0.53mi	4/—	2,053 (+1%)	16mo	$292,900	$143	61
730-732 S Ohio Ave	0.75mi	4/—	2,068 (+1%)	6mo	$160,000	$77	58
1184-1186 Lilley Ave	0.73mi	4/—	1,936 (-5%)	3mo	$195,000	$101	54
1014 -1016 Oakwood Ave	0.40mi	4/—	1,860 (-9%)	17mo	$380,000	$204	52
1437 Ellsworth Ave	0.57mi	4/—	1,792 (-12%)	3mo	$310,000	$173	51
687-689 E Columbus St	0.60mi	4/—	1,876 (-8%)	10mo	$320,000	$171	51

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 · 3.51% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-908
• Equity at exit: $37,276

10-year hold

• IRR: 9.9%
• Equity multiple: 1.78×
• Total profit: $54,667
• Equity at exit: $21,615

Cash invested: $70,000 (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 43206

• Rents YoY: 3.5%
• Active inventory: 198
• Price-to-rent: 14.2×

Monthly cashflow live

• Estimated rent: $2,943 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$618
• Net cashflow: $597

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 75%

Sensitivity live

Price	-10% $770	-5% $684	+0% $597	+5% $511	+10% $425
Rent	-10% $365	-5% $481	+0% $597	+5% $714	+10% $830
Rate	-1.0pp $723	-0.5pp $661	base $597	+0.5pp $532	+1.0pp $467

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,942
Total (2 units)			$2,943

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
977 S Ohio Ave Columbus, OH	3.0	2.5	1650	$2,500	$1.52	44d	1	0.42mi
936 Wagner St Columbus, OH	3.0	3.0	1560	$2,750	$1.76	24d	1	0.47mi
966 S 18th St Columbus, OH	3.0	1.5	1428	$2,400	$1.68	44d	1	0.49mi
530 Hanford St Unit 1496117P Columbus, OH	4.0	3.0	1862	$7,310	$3.93	3d	1	0.52mi
506 Thurman Ave Columbus, OH	3.0	1.0	1500	$1,600	$1.07	3d	1	0.55mi
988 Linwood Ave Columbus, OH	4.0	3.0	1800	$2,750	$1.53	18d	1	0.56mi
705 E Columbus St Columbus, OH	3.0	1.0	1436	$2,300	$1.60	44d	1	0.61mi
932 Linwood Ave Columbus, OH	4.0	1.5	1663	$2,045	$1.23	44d	1	0.62mi
857 Wilson Ave #859 Columbus, OH	3.0	2.5	1527	$1,650	$1.08	44d	1	0.67mi
883 Studer Ave Columbus, OH	4.0	2.5	2217	$2,500	$1.13	2d	1	0.72mi
815 Wilson Ave Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.72mi
813 Wilson Ave Unit 1 Columbus, OH	3.0	1.5	1400	$1,500	$1.07	8d	1	0.73mi
890 E Livingston Ave #892 Columbus, OH	3.0	1.0	2430	$1,400	$0.58	13d	1	0.77mi
357 Frebis Ave #6 Columbus, OH	3.0	3.5	2160	$2,950	$1.37	44d	1	0.80mi
357 Frebis Ave #5 Columbus, OH	3.0	3.5	1748	$2,750	$1.57	44d	1	0.80mi
698 S 22nd St Columbus, OH	3.0	3.5	2400	$2,500	$1.04	44d	1	0.82mi
683 S Champion Ave Unit 683 Columbus, OH	3.0	1.0	2728	$1,700	$0.62	44d	1	0.86mi
315 Siebert St Columbus, OH	3.0	1.0	1597	$2,200	$1.38	24d	1	0.91mi
668 Wager St Columbus, OH	3.0	2.0	1492	$2,095	$1.40	21d	1	0.92mi
627 Oakwood Ave Columbus, OH	3.0	2.5	2009	$2,379	$1.18	13d	1	0.96mi
746 Beech St Columbus, OH	3.0	2.0	1610	$2,750	$1.71	44d	1	0.97mi
1559 Frebis Ave Columbus, OH	3.0	2.0	1744	$2,100	$1.20	44d	1	1.03mi
1110 S 4th St Columbus, OH	3.0	2.0	1465	$900	$0.61	8d	1	1.08mi
106 E Gates St Columbus, OH	3.0	1.5	1472	$2,700	$1.83	15d	1	1.11mi
2089 Lockbourne Rd Columbus, OH	5.0	2.0	2534	$2,800	$1.10	11d	1	1.14mi
438 S Ohio Ave Columbus, OH	5.0	2.0	1900	$2,195	$1.16	44d	1	1.20mi
310 E Beck St Columbus, OH	3.0	2.5	2265	$3,995	$1.76	44d	1	1.25mi
741-743 E Mound St Columbus, OH	3.0	1.5	1528	$1,645	$1.08	44d	1	1.26mi
741-743 E Mound St Columbus, OH	3.0	1.5	1528	$1,645	$1.08	8d	1	1.26mi
1187 S High St Columbus, OH	4.0	1.5	2790	$2,500	$0.90	24d	1	1.30mi
965 E Rich St Unit 965 Columbus, OH	3.0	1.0	2184	$1,600	$0.73	24d	1	1.38mi
895 S Wall St Columbus, OH	3.0	3.5	2139	$4,500	$2.10	3d	1	1.43mi
282-284 S Ohio Ave Columbus, OH	3.0	2.0	1477	$1,699	$1.15	24d	1	1.43mi
604 S 3rd St Columbus, OH	4.0	3.0	2645	$4,850	$1.83	44d	1	1.46mi
901 S Front St Columbus, OH	3.0	2.5	1743	$2,800	$1.61	44d	1	1.47mi

Listing history 25 events

1. 2026-06-21
   days on market $250,000 Active 48 DOM
2. 2026-06-18
   days on market $250,000 Active 45 DOM
3. 2026-06-18
   price $250,000 Active 44 DOM
4. 2026-06-17
   days on market $255,000 Active 44 DOM
5. 2026-06-16
   days on market $255,000 Active 43 DOM
6. 2026-06-15
   days on market $255,000 Active 42 DOM
7. 2026-06-13
   days on market $255,000 Active 40 DOM
8. 2026-06-13
   days on market $255,000 Active 39 DOM
9. 2026-06-09
   days on market $255,000 Active 36 DOM
10. 2026-06-08
    days on market $255,000 Active 35 DOM
11. 2026-06-07
    days on market $255,000 Active 34 DOM
12. 2026-06-05
    days on market $255,000 Active 31 DOM
13. 2026-06-03
    days on market $255,000 Active 30 DOM
14. 2026-06-02
    days on market $255,000 Active 29 DOM
15. 2026-06-02
    price $255,000 Active 28 DOM
16. 2026-06-01
    days on market $265,000 Active 28 DOM
17. 2026-05-31
    days on market $265,000 Active 27 DOM
18. 2026-05-04
    listed $265,000 Active 740-char remark
19. 2025-03-19
    historical
20. 2024-10-03
    listed $300,000 Active
21. 2023-07-14
    soldstatus $225,000 Closed

    Show marketing remark (699 chars)

    Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

22. 2023-06-07
    historical Contingent Finance and Inspection

    Show marketing remark (699 chars)

    Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

23. 2023-06-01
    status Active

    Show marketing remark (699 chars)

    Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

24. 2023-05-24
    historical Contingent Finance and Inspection

    Show marketing remark (699 chars)

    Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

25. 2023-05-19
    listed $239,900 Active

    Show marketing remark (699 chars)

    Tons of Potential! Introducing a duplex ideally located near Children's Hospital, this property offers a wealth of potential for savvy investors and homeowners alike. Its convenient proximity to downtown ensures effortless access to all the city has to offer. With the opportunity to build equity through updates and renovations, this duplex presents an exciting chance to create a customized living space tailored to your needs. Rentometer shows $200-400 more than previously renting for and similar updated duplexes are selling for as much as $400k in the area! Don't miss out on this promising investment that combines a prime location with endless possibilities for growth and value enhancement.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,316
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,825
• − Management: −$2,825
• − Depreciation: −$7,273
• Taxable income: $3,389
• Est. tax owed @ 24.0%: −$813
• After-tax cash flow: $6,354/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

A well-maintained, two-unit duplex with good condition and potential for further improvements to enhance its value.

Value-add opportunities

• Both Paint exterior trim — Enhances curb appeal and value
• Both Replace window screens — Improves comfort and energy efficiency
• Both Install central A/C — Increases comfort and rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior trim — Enhances curb appeal and value ↑
• Both Replace window screens — Improves comfort and energy efficiency ↑
• Both Install central A/C — Increases comfort and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 21,996
• Household income: $75,806
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 846.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 56% Black 31% Two or more races 9% Hispanic / Latino 4% Asian 1% Native American 1%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -576.73%
• Current HPI: 173.8569
• Rent YoY: ▲ 3.51%
• Metro: Columbus, 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

+4.2% since first listed

10 events — show timeline

• 2026-06-18 Price Changed $250,000 CBRMLS
• 2026-06-02 Price Changed $255,000 CBRMLS
• 2026-05-04 Listed $265,000 CBRMLS
• 2025-03-19 Listing Removed — CBRMLS
• 2024-10-03 Listed $300,000 CBRMLS
• 2023-07-14 Sold (MLS) $225,000 CBRMLS
• 2023-06-07 Contingent — CBRMLS
• 2023-06-01 Relisted — CBRMLS
• 2023-05-24 Contingent — CBRMLS
• 2023-05-19 Listed $239,900 CBRMLS