132 S Main St Unit B10 · Munroe Falls, OH 44262

$135,000

2 bd · 1.5 ba · 1,232 sqft · Condo public records · 163 Days on market

Built 1970 $110/sqft · 40% below area Est $224k · 40% under $210/mo HOA · 6% of rent

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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 +5.3/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

Key facts

• Eat-in kitchen
• Walking trails
• $210 HOA

Tags

• EAT-IN KITCHEN
• PARTIALLY FINISHED BASEMENT
• WALKING TRAILS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#206 in OH, #3,245 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Stow-Munroe Falls City School District (suburban): math 58% / reading 64% proficiency, ranked #247 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 13 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $3,724/mo this rent would consume 60% of the median local household income ($75k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 17y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $82k; list at $135k implies a 65% gain — meaningful room to come down on a strong offer.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 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?
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: 2.76% ✓
• Cap rate: 22.31%
• Cash-on-cash: 57.22%
• DSCR: 3.55
• GRM: 3.0

CMA / ARV

• ARV (median comp): $223,529
• List price: $135,000
• Delta: -39.61%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 55.7%
• Equity multiple: 3.46×
• Total profit: $93,107
• Equity at exit: $20,129

10-year hold

• IRR: 60.8%
• Equity multiple: 7.08×
• Total profit: $229,643
• Equity at exit: $11,672

Cash invested: $37,800 (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 44262

• Active inventory: 13
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $3,724 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$165 /mo · $1,983/yr
• Insurance: −$56
• HOA: −$210
• Vacancy / Maint / Mgmt: −$782
• Net cashflow: $1,802

Break-even live

Break-even rent $1,442

Max offer price $135,000

Occupancy floor 47%

Sensitivity live

Price	-10% $1,879	-5% $1,841	+0% $1,802	+5% $1,764	+10% $1,726
Rent	-10% $1,508	-5% $1,655	+0% $1,802	+5% $1,950	+10% $2,097
Rate	-1.0pp $1,870	-0.5pp $1,837	base $1,802	+0.5pp $1,767	+1.0pp $1,732

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
291 Hunter Ave Unit 1496075P Munroe Falls, OH	2.0	1.0	1108	$4,668	$4.21	22d	1	0.78mi
1207 Hunters Lake Dr W Cuyahoga Falls, OH	1.0–2.0	1.0–2.0	864	$1,472	$1.70	14d	19	1.46mi

HOA detail condo

• Monthly dues: $210 · $2,520/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-05-31
   status $135,000 Pending 163 DOM
2. 2026-05-31
   days on market $135,000 Active 163 DOM
3. 2026-05-01
   price $135,000 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

4. 2026-04-18
   status Active 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

5. 2026-03-21
   status Pending 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

6. 2026-03-17
   status Active 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

7. 2026-03-03
   status Pending 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

8. 2026-02-03
   price $141,000 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

9. 2025-11-04
   listed $144,900 Active 609-char remark

   Show marketing remark (609 chars)

   Welcome to this beautifully maintained 2-bedroom, 1.5-bath end-unit condo nestled in the heart of Munroe Falls. The main level features a spacious living room, an eat-in kitchen, and a convenient half bath. Upstairs offers two comfortable bedrooms and a full bath. The partially finished basement provides additional living space, perfect for a family room, office, or workout area, along with laundry and extra storage. Enjoy low-maintenance living in a quiet community close to highways, shopping, restaurants, and walking trails. Don’t miss this opportunity—schedule your private showing today!

10. 2019-04-29
    status Pending 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

11. 2019-04-25
    soldstatus $82,000 Sold 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

12. 2019-04-24
    soldstatus $82,000
13. 2019-03-15
    historical Contingent 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

14. 2018-12-28
    price $84,900 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

15. 2018-12-28
    status Active 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

16. 2018-11-06
    status Pending 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

17. 2018-10-17
    historical Contingent 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

18. 2018-09-17
    price $82,000 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

19. 2018-07-26
    listed $84,900 Active 582-char remark

    Show marketing remark (582 chars)

    Back on market, due to no fault of its own! Welcome to this updated 2 bedroom, 1.5 bath, townhouse condo in Munroe Falls. New 1st floor vinyl plank flooring, new roof (2016), new furnace and central air units (2015), new sliding door (2018), and updated kitchen cabinetry. Mitigation system installed and complete electrical update, both in November 2018. Must see the spacious bedrooms! Basement is partially finished and could easily serve as a bonus room or entertainment area. HOA includes the usual exterior maintenance and water, sewer, and trash. Move in ready! Welcome Home!

20. 2014-12-05
    soldstatus $64,500
21. 2013-12-15
    historical
22. 2013-07-15
    listed $74,900
23. 2009-08-27
    soldstatus $78,000
24. 2009-08-27
    soldstatus $78,000
25. 2009-03-09
    listed $84,000
26. 2002-06-13
    soldstatus $84,500
27. 1984-03-21
    soldstatus $39,000

ⓘ 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: $1,983 · $165/mo
• Projected year-2 tax: $2,045 · $170/mo
• Expected delta: +$61/yr (+$5/mo · 3.1%)

ⓘ 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 ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,688
• − Mortgage interest: −$7,562
• − Property taxes: −$1,983
• − Insurance: −$675
• − Repairs & maintenance: −$3,575
• − Management: −$3,575
• − HOA: −$2,520
• − Depreciation: −$3,927
• Taxable income: $20,870
• Est. tax owed @ 24.0%: −$5,009
• After-tax cash flow: $16,621/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: Stow-Munroe Falls City School District
• NCES district ID: 3904483
• Math proficiency: 58% ▼ -11.00%
• Reading proficiency: 64% ▼ -6.00%
• Median HH income: $64,663
• Composite: 53.29/100
• National rank: #1488
• State rank: #247 of 656 in OH

Livability — Munroe Falls

• Score: 77/100
• State rank: #206
• US rank: #3245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munroe Falls, OH
• County: Summit · 539,389 people
• City population: 5,019
• Metro: Akron, OH
• Population (ZIP): 5,019
• Household income: $75,089
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 5.1

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 3% Black 2% Asian 2%
• Common ancestry: Slovak 4% Romanian 4% Italian 3%
• Foreign-born: 4% · India, Canada
• Languages at home: 95% English-only · Other Indo-European 3% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.74%
• Current HPI: 207.1333
• 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

+246.2% since first listed

25 events — show timeline

• 2026-05-01 Price Changed $135,000 MLSNOW
• 2026-04-18 Relisted — MLSNOW
• 2026-03-21 Pending — MLSNOW
• 2026-03-17 Relisted — MLSNOW
• 2026-03-03 Pending — MLSNOW
• 2026-02-03 Price Changed $141,000 MLSNOW
• 2025-11-04 Listed $144,900 MLSNOW
• 2019-04-29 Pending — MLSNOW
• 2019-04-25 Sold (MLS) $82,000 MLSNOW
• 2019-04-24 Sold (Public Records) $82,000 Public Records
• 2019-03-15 Contingent — MLSNOW
• 2018-12-28 Price Changed $84,900 MLSNOW
• 2018-12-28 Relisted — MLSNOW
• 2018-11-06 Pending — MLSNOW
• 2018-10-17 Contingent — MLSNOW
• 2018-09-17 Price Changed $82,000 MLSNOW
• 2018-07-26 Listed $84,900 MLSNOW
• 2014-12-05 Sold (Public Records) $64,500 Public Records
• 2013-12-15 Listing Removed — MLSNOW
• 2013-07-15 Listed $74,900 MLSNOW
• 2009-08-27 Sold (Public Records) $78,000 Public Records
• 2009-08-27 Sold (MLS) $78,000 MLSNOW
• 2009-03-09 Listed $84,000 MLSNOW
• 2002-06-13 Sold (Public Records) $84,500 Public Records
• 1984-03-21 Sold (Public Records) $39,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,983 · -1.6% YoY. Source: county tax records.