519 Blake Ave · Medina, OH 44256

$219,900

4 bd · 2.0 ba · 1,219 sqft · MultiFamily public records · 2 Days on market

Built 1900 8,659 sqft lot

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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 +29.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +6.3/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 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

This multi unit property offers 2 apartment style living spaces. Both units have 2 full bath and washer and dryer! All kitchen appliances stay in both units. The property offers ample parking and a spacious yard on nice private street in Medina city just minutes from the Historic Medina Square. Basement glass block windows have been newly installed and basement walls have been tuck pointed in 2017. All electric was updated in 1996. The concrete drive was recently poured, new side porch and rulings on front and side of unit. Owner is replacing screen doors and several screens. Complete tear off and new roof just installed in September 2021. Make this part of your property portfolio today before it is gone!

Key facts

• City repaved street
• Replacing both hwts
• Recent improvements

Tags

• PROFESSIONALLY MANAGED DUPLEX
• REMODELED DOWNSTAIRS UNIT
• RECENT IMPROVEMENTS
• REPLACING BOTH HWTS
• INSTALLING A SUMP PUMP
• CITY REPAVED STREET

Property features AI

Finance

• Financial info: Owner pays gardener; Tenants responsible for all utilities; Downstairs unit rent $995 (leased); Upstairs unit rent $850 (leased)

Exterior

• Parking: Driveway parking
• Utilities: Public water; Public sewer
• Home design: Two-story building; One building on the lot
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Driveway; Lot size approximately 0.20 acres

Interior

• Bedrooms: Upstairs: 1-bedroom unit (leased through Dec 31, 2026); Downstairs: 2-bedroom unit (leased through Jun 30, 2026)
• Bathrooms: Two full bathrooms total (one in each unit)
• Heating & cooling: Forced air heating; Wall/window cooling units
• Interior features: Full, unfinished basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $220k.

Deal economics

• At list price, monthly cash flow is $781 ($9k/yr) — positive. Per door: $391/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Cap rate 10.6% vs local median 2.9% in Medina — 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 76/100 on livability (#209 in OH, #3,302 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Medina City SD (suburban): math 70% / reading 74% proficiency, ranked #115 of 656 in OH (top 18%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.2%/yr); 369 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($100k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $62k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 35y 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 $142k; list at $220k implies a 55% 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 $219,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 1.27% ✓
• Cap rate: 10.56%
• Cash-on-cash: 15.23%
• DSCR: 1.68
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.16% rent growth · sell at horizon

5-year hold

• IRR: 7.2%
• Equity multiple: 1.28×
• Total profit: $17,424
• Equity at exit: $32,788

10-year hold

• IRR: 17.4%
• Equity multiple: 2.51×
• Total profit: $93,086
• Equity at exit: $19,013

Cash invested: $61,572 (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 44256

• Rents YoY: 4.2%
• Active inventory: 369
• Price-to-rent: 13.1×

Monthly cashflow live

• Estimated rent: $2,799 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$185 /mo · $2,220/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $781

Break-even live

Break-even rent $1,810

Max offer price $219,900

Occupancy floor 67%

Sensitivity live

Price	-10% $906	-5% $844	+0% $781	+5% $719	+10% $657
Rent	-10% $560	-5% $671	+0% $781	+5% $892	+10% $1,002
Rate	-1.0pp $892	-0.5pp $837	base $781	+0.5pp $724	+1.0pp $666

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,800
Total (2 units)			$2,799

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
195 Highland Dr Medina, OH	3.0	1.0	1080	$1,800	$1.67	45d	1	0.84mi

Listing history 25 events

1. 2026-05-29
   status Pending
2. 2026-05-27
   listed $219,900 Active
3. 2025-06-19
   historical $995
4. 2025-06-14
   listed $995
5. 2025-01-06
   historical $995
6. 2024-12-25
   listed $995
7. 2022-02-09
   soldstatus $142,000
8. 2022-02-04
   soldstatus $142,000 Closed 714-char remark

   Show marketing remark (714 chars)

   This multi unit property offers 2 apartment style living spaces. Both units have 2 full bath and washer and dryer! All kitchen appliances stay in both units. The property offers ample parking and a spacious yard on nice private street in Medina city just minutes from the Historic Medina Square. Basement glass block windows have been newly installed and basement walls have been tuck pointed in 2017. All electric was updated in 1996. The concrete drive was recently poured, new side porch and rulings on front and side of unit. Owner is replacing screen doors and several screens. Complete tear off and new roof just installed in September 2021. Make this part of your property portfolio today before it is gone!

9. 2022-01-14
   status Pending 714-char remark

   Show marketing remark (714 chars)

   This multi unit property offers 2 apartment style living spaces. Both units have 2 full bath and washer and dryer! All kitchen appliances stay in both units. The property offers ample parking and a spacious yard on nice private street in Medina city just minutes from the Historic Medina Square. Basement glass block windows have been newly installed and basement walls have been tuck pointed in 2017. All electric was updated in 1996. The concrete drive was recently poured, new side porch and rulings on front and side of unit. Owner is replacing screen doors and several screens. Complete tear off and new roof just installed in September 2021. Make this part of your property portfolio today before it is gone!

10. 2021-09-08
    listed $149,000 Active 714-char remark

    Show marketing remark (714 chars)

    This multi unit property offers 2 apartment style living spaces. Both units have 2 full bath and washer and dryer! All kitchen appliances stay in both units. The property offers ample parking and a spacious yard on nice private street in Medina city just minutes from the Historic Medina Square. Basement glass block windows have been newly installed and basement walls have been tuck pointed in 2017. All electric was updated in 1996. The concrete drive was recently poured, new side porch and rulings on front and side of unit. Owner is replacing screen doors and several screens. Complete tear off and new roof just installed in September 2021. Make this part of your property portfolio today before it is gone!

11. 2017-11-06
    historical
12. 2017-09-05
    historical Contingent
13. 2017-07-12
    listed $95,000 Active
14. 2016-11-05
    historical
15. 2016-07-08
    price $90,000
16. 2016-05-09
    listed $95,000 Active
17. 2016-03-31
    historical
18. 2015-09-23
    listed $99,900 Active
19. 1991-04-15
    soldstatus $54,000
20. 1991-04-15
    soldstatus $54,000
21. 1991-04-15
    soldstatus $54,000
22. 1991-02-04
    listed $57,900
23. 1991-01-21
    listed $57,900
24. 1987-12-28
    soldstatus $48,000
25. 1985-02-14
    soldstatus $44,800

ⓘ 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: $2,220 · $185/mo
• Projected year-2 tax: $2,825 · $235/mo
• Expected delta: +$605/yr (+$50/mo · 27.2%)

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,588
• − Mortgage interest: −$12,318
• − Property taxes: −$2,220
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,687
• − Management: −$2,687
• − Depreciation: −$6,397
• Taxable income: $6,179
• Est. tax owed @ 24.0%: −$1,483
• After-tax cash flow: $7,893/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: Medina City SD
• NCES district ID: 3904438
• Math proficiency: 70% ▼ -8.00%
• Reading proficiency: 74% ▼ -4.00%
• Median HH income: $69,725
• Composite: 62.9/100
• National rank: #661
• State rank: #115 of 656 in OH

Livability — Medina

• Score: 76/100
• State rank: #209
• US rank: #3302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Medina, OH
• County: Medina County · 145,517 people
• City population: 64,924
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 64,924
• Household income: $99,923
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 919.0

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 (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 9% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 1%

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: ▼ -191.25%
• Current HPI: 257.2597
• Rent YoY: ▲ 4.16%
• 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

+390.8% since first listed

25 events — show timeline

• 2026-05-29 Pending — MLSNOW
• 2026-05-27 Listed $219,900 MLSNOW
• 2025-06-19 Rental Removed $995 TENANTTURNER2
• 2025-06-14 Listed for Rent $995 TENANTTURNER2
• 2025-01-06 Rental Removed $995 RENTEC
• 2024-12-25 Listed for Rent $995 RENTEC
• 2022-02-09 Sold (Public Records) $142,000 Public Records
• 2022-02-04 Sold (MLS) $142,000 MLSNOW
• 2022-01-14 Pending — MLSNOW
• 2021-09-08 Listed $149,000 MLSNOW
• 2017-11-06 Listing Removed — MLSNOW
• 2017-09-05 Contingent — MLSNOW
• 2017-07-12 Listed $95,000 MLSNOW
• 2016-11-05 Listing Removed — MLSNOW
• 2016-07-08 Price Changed $90,000 MLSNOW
• 2016-05-09 Listed $95,000 MLSNOW
• 2016-03-31 Listing Removed — MLSNOW
• 2015-09-23 Listed $99,900 MLSNOW
• 1991-04-15 Sold (Public Records) $54,000 Public Records
• 1991-04-15 Sold (MLS) $54,000 MLSNOW
• 1991-04-15 Sold (MLS) $54,000 MLSNOW
• 1991-02-04 Listed $57,900 MLSNOW
• 1991-01-21 Listed $57,900 MLSNOW
• 1987-12-28 Sold (Public Records) $48,000 Public Records
• 1985-02-14 Sold (Public Records) $44,800 Public Records

Property tax history

+0.8%/yr

Latest (2025): $2,220 · -3.5% YoY. Source: county tax records.