334 3rd Ave · Gallipolis, OH 45631

$123,000

3 bd · 2.5 ba · 2,042 sqft · SingleFamily public records · 103 Days on market

Built 1850 6,438 sqft lot $60/sqft · 41% below area Est $209k · 41% under

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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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.6/10.0
• Schools +3.9/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in the heart of Gallipolis! This spacious 1.5-story home offering 2,042 square feet of living space is full of potential and ready for its next chapter. Featuring 3 bedrooms and 2.5 bathrooms, this property provides a solid foundation for buyers looking to renovate and make it their own. Recent exterior improvements include a brand new roof, new siding, new gutters, and soffit, giving the home excellent curb appeal and a strong start for future updates. Inside, the home is ready for renovation, presenting a great opportunity for investors, flippers, or buyers wanting to customize their dream home. Additional features include a partial basement for extra storage and a rear patio perfect for outdoor relaxation or entertaining. Conveniently located within walking distance to downtown Gallipolis, you'll enjoy easy access to local shops, restaurants, and the Ohio River waterfront. Whether you're looking for a project with upside or a home you can finish to your own taste,

Key facts

• New siding
• Partial basement
• New gutters

Tags

• NEW ROOF
• NEW SIDING
• NEW GUTTERS
• PARTIAL BASEMENT
• REAR PATIO
• WALKING DISTANCE TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $123k).
• Recommended offer: $112k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.5% in Gallipolis — 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 62/100 on livability (#910 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B; Watch: employment C-, crime F, amenities F.
• Gallipolis City (rural): math 39% / reading 56% proficiency, ranked #488 of 656 in OH (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 68 active listings in the ZIP; 10 units permitted in Gallia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $850 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Gallia County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $100k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1850 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,930 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1850 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.58%
• DSCR: 1.34
• GRM: 7.8

CMA / ARV

• ARV (median comp): $209,093
• List price: $123,000
• Delta: -41.17%
• 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
81 Locust St	0.20mi	3/2.5	2,104 (+3%)	4mo	$235,000	$112	82
208 First Ave	0.25mi	3/3.0	2,100 (+3%)	3mo	$495,000	$236	79
143 2nd Avenue Ave	0.29mi	4/2.0 (+1)	2,037 (-0%)	5mo	$280,000	$137	75
414 3rd Ave	0.11mi	3/2.5	1,872 (-8%)	22mo	$349,000	$186	62
14 Belmont Dr	0.45mi	3/1.5	2,076 (+2%)	16mo	$180,000	$87	58
504 Fourth Ave	0.25mi	3/1.0	2,222 (+9%)	13mo	$45,000	$20	57
728 State Route 588	0.57mi	3/2.0	2,225 (+9%)	3mo	$260,000	$117	54
2 Edgemont Drive Dr	0.59mi	4/2.0 (+1)	2,023 (-1%)	12mo	$95,000	$47	54
645 3rd Ave	0.46mi	4/2.0 (+1)	1,996 (-2%)	19mo	$240,000	$120	52
11 Vine St	0.40mi	3/2.5	1,752 (-14%)	8mo	$225,600	$129	51
772 State Route 588	0.60mi	4/2.0 (+1)	2,130 (+4%)	10mo	$188,000	$88	50
280 State Street St	0.41mi	3/1.5	1,807 (-12%)	12mo	$187,200	$104	48

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-6,080
• Equity at exit: $18,340

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $12,536
• Equity at exit: $10,635

Cash invested: $34,440 (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 45631

• Home prices YoY: -8.6%
• Active inventory: 68
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,306 medium
• Mortgage (P&I): −$645
• Tax from tax record: −$118 /mo · $1,418/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $218

Break-even live

Break-even rent $1,031

Max offer price $123,000

Occupancy floor 78%

Sensitivity live

Price	-10% $287	-5% $252	+0% $218	+5% $183	+10% $148
Rent	-10% $114	-5% $166	+0% $218	+5% $269	+10% $321
Rate	-1.0pp $279	-0.5pp $249	base $218	+0.5pp $186	+1.0pp $153

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: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   days on market $123,000 Active 103 DOM
2. 2026-06-18
   days on market $123,000 Active 101 DOM
3. 2026-06-17
   days on market $123,000 Active 100 DOM
4. 2026-06-16
   days on market $123,000 Active 99 DOM
5. 2026-06-15
   days on market $123,000 Active 98 DOM
6. 2026-06-13
   days on market $123,000 Active 96 DOM
7. 2026-06-12
   days on market $123,000 Active 95 DOM
8. 2026-06-09
   days on market $123,000 Active 92 DOM
9. 2026-06-08
   days on market $123,000 Active 91 DOM
10. 2026-06-08
    days on market $123,000 Active 90 DOM
11. 2026-06-07
    days on market $123,000 Active 89 DOM
12. 2026-06-04
    days on market $123,000 Active 86 DOM
13. 2026-06-02
    days on market $123,000 Active 85 DOM
14. 2026-06-01
    days on market $123,000 Active 84 DOM
15. 2026-05-31
    days on market $123,000 Active 83 DOM
16. 2026-03-25
    price $123,000 1000-char remark

    Show marketing remark (1000 chars)

    Opportunity awaits in the heart of Gallipolis! This spacious 1.5-story home offering 2,042 square feet of living space is full of potential and ready for its next chapter. Featuring 3 bedrooms and 2.5 bathrooms, this property provides a solid foundation for buyers looking to renovate and make it their own. Recent exterior improvements include a brand new roof, new siding, new gutters, and soffit, giving the home excellent curb appeal and a strong start for future updates. Inside, the home is ready for renovation, presenting a great opportunity for investors, flippers, or buyers wanting to customize their dream home. Additional features include a partial basement for extra storage and a rear patio perfect for outdoor relaxation or entertaining. Conveniently located within walking distance to downtown Gallipolis, you'll enjoy easy access to local shops, restaurants, and the Ohio River waterfront. Whether you're looking for a project with upside or a home you can finish to your own taste,

17. 2026-03-09
    listed $125,000 Active 1000-char remark

    Show marketing remark (1000 chars)

    Opportunity awaits in the heart of Gallipolis! This spacious 1.5-story home offering 2,042 square feet of living space is full of potential and ready for its next chapter. Featuring 3 bedrooms and 2.5 bathrooms, this property provides a solid foundation for buyers looking to renovate and make it their own. Recent exterior improvements include a brand new roof, new siding, new gutters, and soffit, giving the home excellent curb appeal and a strong start for future updates. Inside, the home is ready for renovation, presenting a great opportunity for investors, flippers, or buyers wanting to customize their dream home. Additional features include a partial basement for extra storage and a rear patio perfect for outdoor relaxation or entertaining. Conveniently located within walking distance to downtown Gallipolis, you'll enjoy easy access to local shops, restaurants, and the Ohio River waterfront. Whether you're looking for a project with upside or a home you can finish to your own taste,

18. 2025-10-29
    soldstatus $99,500
19. 2025-10-23
    soldstatus $99,500 Closed 984-char remark

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

20. 2025-10-23
    soldstatus $99,500 Closed

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

21. 2025-10-11
    status Pending 984-char remark

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

22. 2025-10-11
    status Pending

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

23. 2025-10-08
    listed $86,900 Active 984-char remark

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

24. 2025-10-08
    listed $86,500 Active

    Show marketing remark (984 chars)

    Discover the charm and potential of this historic 1.5-story home located in the heart of downtown Gallipolis. Built in 1850, this 2,042 sq. ft. property offers 3 bedrooms and 2.5 baths on a . 148-acre lot. Featuring a mix of hardwood and laminate flooring, natural gas, city water, and city sewer, it's ready for the right buyer to bring new life to it. The home has street parking and a fenced backyard with a patio, perfect for a cozy outdoor space. With its unbeatable location just a short walk to Gallipolis City Park, you'll enjoy community events, summer festivities, and the magical Gallipolis in Lights during the holiday season. Whether you're seeking a rental investment or a flip project, this property presents an excellent opportunity at an affordable $86,500. Cash or conventional financing only. Don't miss your chance to own a piece of Gallipolis history in one of the town's most desirable areas. This home will be a cash or potentially a conventional purchase only.

25. 2005-05-12
    soldstatus $87,000
26. 2005-04-27
    soldstatus $60,000

ⓘ 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: $1,418 · $118/mo
• Projected year-2 tax: $1,669 · $139/mo
• Expected delta: +$250/yr (+$21/mo · 17.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,676
• − Mortgage interest: −$6,890
• − Property taxes: −$1,418
• − Insurance: −$615
• − Repairs & maintenance: −$1,254
• − Management: −$1,254
• − Depreciation: −$3,578
• Taxable income: $666
• Est. tax owed @ 24.0%: −$160
• After-tax cash flow: $2,450/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: Gallipolis City
• NCES district ID: 3904403
• Math proficiency: 39% ▼ -22.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $37,983
• Composite: 39.49/100
• National rank: #3952
• State rank: #488 of 656 in OH

Livability — Gallipolis

• Score: 62/100
• State rank: #910
• US rank: #17199

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gallipolis, OH
• County: Gallia · 29,277 people
• Population (ZIP): 12,669
• Household income: $54,772
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 9.1

Population outlook (Gallia County) Hauer SSP2

• Today (2025): 27,936 people
• By 2030: 26,605 · -4.8%
• By 2040: 23,876 · -14.5%
• By 2050: 21,336 · -23.6%
• By 2075: 16,414 · -41.2%
• By 2100: 13,192 · -52.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Black 3% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Lithuanian 3% Italian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Gallia

• 2024 margin: Solid R (+59.4) · D 19.9% · R 79.3%
• 2008→2024 swing: -33.3pp toward R · 2008: -26.1pp · 2024: -59.4pp
• All cycles: 2024: R+59.4 2020: R+55.5 2016: R+55.6 2012: R+26.2 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.11%
• Current HPI: 203.6153
• 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

+105.0% since first listed

11 events — show timeline

• 2026-03-25 Price Changed $123,000 SVAR
• 2026-03-09 Listed $125,000 SVAR
• 2025-10-29 Sold (Public Records) $99,500 Public Records
• 2025-10-23 Sold (MLS) $99,500 SVAR
• 2025-10-23 Sold (MLS) $99,500 ACBOR
• 2025-10-11 Pending — ACBOR
• 2025-10-11 Pending — SVAR
• 2025-10-08 Listed $86,500 SVAR
• 2025-10-08 Listed $86,900 ACBOR
• 2005-05-12 Sold (Public Records) $87,000 Public Records
• 2005-04-27 Sold (Public Records) $60,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,418 · -0.0% YoY. Source: county tax records.