1353 Barnett Rd · Columbus, OH 43227

$569,900

8 bd · 0.0 ba · 5,856 sqft · MultiFamily · 102 Days on market

Built 1962 Good condition 0.33 ac lot $97/sqft · 10% below area Est $636k · 10% under

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Why this score? — see what drove the D+ 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 +15.5/30.0
• ARV discount +12.2/15.0
• DSCR +4.8/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +3.8/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

This is a rare, great cash-producing investment opportunity. All Brick 4 plex -great investment, turnkey. 100% occupied. 3 of the 4 units are fully furnished with all kitchen and laundry appliances. This 4 plex has (1) 3-bedroom townhome unit, (2)2 bedroom Flat Units, and (1) 1-bedroom townhome unit. 3 of the units are mid-term rentals. The 3 Bedroom is also rented on a lease through December 2026. Tenant has been in the unit for 3 years. The roof was replaced in 2023. The property is well-maintained and is currently being professionally managed.

Key facts

• Fully furnished
• Roof replaced
• 0.33 acre lot

Tags

• CASH-PRODUCING INVESTMENT
• FULLY FURNISHED
• KITCHEN AND LAUNDRY APPLIANCES
• ROOF REPLACED

What this means for you Summary

Snapshot

• This is a 1×3bd/1ba + 2×2bd/1ba + 1×1bd/1ba units multifamily listed at $570k. Condition is rated good.
• This rent per unit runs 33% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive. Per door: $57/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $527k (7.5% below list).
• Recommended offer: $519k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.9% 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.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.2%/yr); 86 active listings in the ZIP; 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k 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.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($519k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y 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 $154k; list at $570k implies a 270% gain — meaningful room to come down on a strong offer.

Recommended offer $518,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% 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 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.93% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.70%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

• ARV (median comp): $636,014
• List price: $569,900
• Delta: -10.40%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1333-1339 Barnett Rd	0.03mi	9/— (+1)	6,225 (+6%)	16mo	$452,250	$73	70
790 Kenwick Rd	1.13mi	8/—	6,048 (+3%)	10mo	$575,000	$95	51
2793 Sherwood Rd	1.31mi	8/—	6,333 (+8%)	5mo	$640,000	$101	48
501 Barnett Rd Unit A-D	1.24mi	8/—	5,850 (-0%)	23mo	$435,000	$74	46
846 Kenwick Rd #852	1.09mi	8/—	6,048 (+3%)	25mo	$564,000	$93	40
1156 S Cassingham Rd	1.49mi	8/—	6,048 (+3%)	27mo	$505,000	$83	40
2863 Bexley Park Rd	1.34mi	9/5.5 (+1)	5,836 (-0%)	15mo	$1,200,000	$206	32
2912 Sherwood Rd #2918	1.21mi	8/—	6,624 (+13%)	24mo	$625,000	$94	23

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.59×
• Total profit: $-65,811
• Equity at exit: $84,974

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $13,275
• Equity at exit: $49,275

Cash invested: $159,572 (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 43227

• Rents YoY: 5.2%
• Active inventory: 86
• Price-to-rent: 33.0×

Monthly cashflow live

• Estimated rent: $5,272 high
• Mortgage (P&I): −$2,989
• Tax est. 1.5%: −$712 /mo · $8,548/yr
• Insurance: −$237
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,107
• Net cashflow: $226

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

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,439
▸ 2× units	2	1	$2,670
1× unit	1	1	$1,162
Total (4 units)			$5,272

Break-even live

Break-even rent $4,985

Max offer price $569,900

Occupancy floor 91%

Sensitivity live

Price	-10% $620	-5% $423	+0% $226	+5% $30	+10% $-167
Rent	-10% $-190	-5% $18	+0% $226	+5% $435	+10% $643
Rate	-1.0pp $513	-0.5pp $371	base $226	+0.5pp $79	+1.0pp $-71

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: $142,475
• Closing costs: $17,097
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1317 Barnett Rd Columbus, OH	3.0	1.0	1057	$1,299	$1.23	61d	1	0.07mi
1303 Barnett Rd Columbus, OH	2.0	1.0	1020	$1,095	$1.07	41d	1	0.09mi
1303 Barnett Rd Unit 1303 Columbus, OH	2.0	1.0	1020	$1,150	$1.13	61d	1	0.09mi
3341 E Livingston Ave Columbus, OH	1.0	1.0	640	$1,098	$1.71	93d	1	0.13mi
3103 Clairpoint Ct Columbus, OH	2.0	1.0	1000	$1,060	$1.06	29d	1	0.38mi
1256 Rand Ave Columbus, OH	1.0–2.0	1.0	781	$1,299	$1.66	21d	1	0.39mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	93d	1	0.40mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$795	$0.88	32d	1	0.41mi
3486 Roswell Dr Columbus, OH	3.0	2.0	1116	$1,625	$1.46	93d	1	0.43mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	69d	1	0.45mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	11d	1	0.45mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	61d	1	0.45mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	65d	1	0.45mi
1418 Selkirk Rd Apt E Columbus, OH	1.0	1.0	500	$800	$1.60	21d	1	0.49mi
3060 E Livingston Ave Columbus, OH	1.0	1.0	772	$825	$1.07	93d	3	0.49mi
3656 Seabrook Ave Columbus, OH	1.0	1.0	—	$875	—	32d	1	0.49mi
3656 Seabrook Ave Columbus, OH	2.0	1.0	—	$1,100	—	73d	1	0.49mi
3656 Seabrook Ave Columbus, OH	1.0	1.0	—	$875	—	93d	1	0.49mi
1124 Olney Dr Columbus, OH	3.0	1.0	900	$1,350	$1.50	18d	1	0.56mi
1124 Olney Dr Columbus, OH	3.0	1.0	900	$1,350	$1.50	21d	1	0.56mi
1079 S James Rd Columbus, OH	2.0	1.0	768	$995	$1.30	93d	1	0.58mi
961 S Waverly St Unit 961 Columbus, OH	3.0	1.5	950	$1,350	$1.42	21d	1	0.59mi
3419 Bexvie Ave Unit 3419-F Columbus, OH	3.0	1.5	1100	$1,400	$1.27	41d	1	0.62mi
1634 S James Rd Columbus, OH	3.0	1.5	1120	$1,945	$1.74	93d	1	0.63mi
914 S Weyant Ave Columbus, OH	3.0	1.5	1089	$1,099	$1.01	66d	1	0.64mi
3417 Bexvie Ave Unit 3417-E Columbus, OH	2.0	1.5	880	$1,000	$1.14	47d	1	0.64mi
3170 Melissa Pl Columbus, OH	2.0	1.0	850	$1,000	$1.18	34d	3	0.65mi
1749 Zettler Rd Columbus, OH	2.0	1.0	—	$1,200	—	13d	1	0.65mi
3170 Melissa Pl Unit MR 3175A Columbus, OH	2.0	1.0	850	$1,000	$1.18	73d	1	0.65mi
3170 Melissa Pl Unit Mr Columbus, OH	2.0	1.0	850	$1,000	$1.18	21d	1	0.65mi
3170 Melissa Pl Unit El Columbus, OH	2.0	1.0	850	$1,000	$1.18	47d	1	0.65mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	93d	1	0.66mi
3287 E Mound St Columbus, OH	2.0	1.5	1100	$1,295	$1.18	29d	1	0.66mi
892 Ruby Ave Columbus, OH	2.0	2.0	1100	$1,500	$1.36	93d	1	0.68mi
925 S Ashburton Rd Columbus, OH	3.0	1.0	963	$1,500	$1.56	73d	1	0.69mi
1728 Penfield Rd Columbus, OH	3.0	1.0	1224	$1,925	$1.57	93d	1	0.70mi
1290 Beechwood Rd Columbus, OH	3.0	1.0	1121	$1,420	$1.27	29d	1	0.71mi
857 S Waverly St Columbus, OH	3.0	1.0	850	$1,250	$1.47	93d	1	0.73mi
849 Byron Ave Columbus, OH	3.0	1.5	936	$1,325	$1.42	17d	1	0.74mi
849 Byron Ave Columbus, OH	3.0	1.5	936	$1,400	$1.50	56d	1	0.74mi

Listing history 9 events

1. 2026-06-05
   days on market $569,900 Active 102 DOM
2. 2026-06-03
   days on market $569,900 Active 101 DOM
3. 2026-06-02
   days on market $569,900 Active 100 DOM
4. 2026-06-01
   days on market $569,900 Active 99 DOM
5. 2026-05-31
   days on market $569,900 Active 98 DOM
6. 2026-02-22
   listed $569,900 Active 554-char remark

   Show marketing remark (554 chars)

   This is a rare, great cash-producing investment opportunity. All Brick 4 plex -great investment, turnkey. 100% occupied. 3 of the 4 units are fully furnished with all kitchen and laundry appliances. This 4 plex has (1) 3-bedroom townhome unit, (2)2 bedroom Flat Units, and (1) 1-bedroom townhome unit. 3 of the units are mid-term rentals. The 3 Bedroom is also rented on a lease through December 2026. Tenant has been in the unit for 3 years. The roof was replaced in 2023. The property is well-maintained and is currently being professionally managed.

7. 2005-10-21
   soldstatus $154,000 207-char remark

   Show marketing remark (207 chars)

   Back on the market! New Price! All brick four family with new roof. Excellant rental property in good area. Unique design makes it easy to rent. 2- 2BR, 1- 3BR, and 1- 1BR. Can be packaged with 1343 Barnett.

8. 2005-08-19
   historical 207-char remark

   Show marketing remark (207 chars)

   Back on the market! New Price! All brick four family with new roof. Excellant rental property in good area. Unique design makes it easy to rent. 2- 2BR, 1- 3BR, and 1- 1BR. Can be packaged with 1343 Barnett.

9. 2005-03-15
   listed $169,000 207-char remark

   Show marketing remark (207 chars)

   Back on the market! New Price! All brick four family with new roof. Excellant rental property in good area. Unique design makes it easy to rent. 2- 2BR, 1- 3BR, and 1- 1BR. Can be packaged with 1343 Barnett.

ⓘ 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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $63,264
• − Mortgage interest: −$31,923
• − Property taxes: −$8,548
• − Insurance: −$2,850
• − Repairs & maintenance: −$5,061
• − Management: −$5,061
• − Depreciation: −$16,579
• Taxable loss: −$6,758
• Est. tax savings @ 24.0%: +$1,622
• After-tax cash flow: $4,339/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 · 8 photos

Good 75/100 Cosmetic rehab Est. rehab $29,280–$87,840 screening

This multi-family property is in good condition with a recent roof replacement, offering a solid investment opportunity with minimal needed repairs.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can attract more tenants and buyers. ↑
• Rental HVAC maintenance — A clean and efficient HVAC system improves tenant satisfaction and reduces utility costs. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 12/100

Zoned Schools

Elementary Scottwood Elementary School F OH #1,328/1,584 Nat'l #34,936/41,679 Middle Johnson Park Middle School F OH #645/654 Nat'l #13,307/14,009 High Walnut Ridge High School F OH #749/781 Nat'l #16,463/17,239

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

A Composite livability gradescore 81/100

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 · 1,456,139 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 25,358
• Household income: $48,159
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 14% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Swiss 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 1%

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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: ▼ -193.50%
• Current HPI: 301.3767
• Rent YoY: ▲ 5.22%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

+237.2% since first listed

4 events — show timeline

• 2026-02-22 Listed $569,900 CBRMLS
• 2005-10-21 Sold (MLS) $154,000 CBRMLS
• 2005-08-19 Listing Removed — CBRMLS
• 2005-03-15 Listed $169,000 CBRMLS