328-330 W Church St · Urbana, OH 43078

$220,000

6 bd · 3.5 ba · 2,520 sqft · MultiFamily public records · 131 Days on market

Built 1900 7,405 sqft lot $87/sqft · 46% above area Est $187k · 18% over

---

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 +17.1/30.0
• Appreciation +10.0/10.0
• DSCR +5.3/10.0
• 1% rule +4.1/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

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

Listing remarks MLS

Historic Duplex with Income Potential in Urbana! Well-maintained duplex offering historic character and investment flexibility, located along a classic brick sidewalk and rooted in Urbana's rich history. 328 Side features 4 bedrooms, 2 full baths, and three full floors of living space. This unit is currently occupied. 330 Side includes 2 bedrooms and 1 full bath, is tenant-occupied, and operates with gas and electric, providing steady rental income. Conveniently located steps from the bike trail and Depot Coffee Shop, and just three blocks from downtown Urbana, offering easy access to local amenities and community attractions. All major mechanicals were updated in 2022. Gross rental income is approximately $2,500 per month. Owner currently pays water and trash. Property is priced to support day-one cash flow based on current rents and operating structure. Ideal for investors or owner-occupants seeking rental income with long-term potential. Tenant-occupied units--please do not disturb tenants. Showings by appointment only. Seller is motivated! Ready to make a deal! Agent is related to the seller.

Key facts

• Bike trail access
• Updated mechanicals
• Historic character

Tags

• HISTORIC CHARACTER
• BIKE TRAIL ACCESS
• UPDATED MECHANICALS
• RENTAL INCOME POTENTIAL
• LOCAL AMENITIES ACCESS

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $220k.

Deal economics

• At list price, monthly cash flow is $-306 ($-4k/yr) — negative. Per door: $-153/mo.
• To cash-flow at today's rent, offer at most $166k (24.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (8.8% below list).
• Recommended offer: $166k (24.6% below list) — sets the bar for cash-flow.
• Cap rate 7.1% vs local median 3.3% in Urbana — 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 71/100 on livability (#404 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment D-.
• Urbana City (town): math 43% / reading 45% proficiency, ranked #509 of 656 in OH (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 91 active listings in the ZIP; 42 units permitted in Champaign County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Champaign County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $50k; list at $220k implies a 340% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,898 (24.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 0.91% ✗
• Cap rate: 7.13%
• Cash-on-cash: 3.00%
• DSCR: 1.13
• GRM: 9.1

CMA / ARV

• ARV (median comp): $186,527
• List price: $220,000
• Delta: 17.95%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
419 N Russell St	0.11mi	6/3.0	2,700 (+7%)	9mo	$219,900	$81	73

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.1%
• Equity multiple: 2.63×
• Total profit: $100,570
• Equity at exit: $198,193

10-year hold

• IRR: 18.4%
• Equity multiple: 6.07×
• Total profit: $312,015
• Equity at exit: $427,412

Cash invested: $61,600 (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 43078

• Home prices YoY: 6.2%
• Active inventory: 91
• Price-to-rent: 18.3×

Monthly cashflow live

• Estimated rent: $2,006 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$185 /mo · $2,223/yr
• Insurance: −$92
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $-306

Break-even live

Break-even rent $2,394

Max offer price $165,898

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$2,006
Total (2 units)			$2,006

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-31
   days on market $220,000 Active 131 DOM
2. 2026-03-30
   price $220,000 1132-char remark

   Show marketing remark (1132 chars)

   Historic Duplex with Income Potential in Urbana! Well-maintained duplex offering historic character and investment flexibility, located along a classic brick sidewalk and rooted in Urbana's rich history. 328 Side features 4 bedrooms, 2 full baths, and three full floors of living space. This unit is currently occupied. 330 Side includes 2 bedrooms and 1 full bath, is tenant-occupied, and operates with gas and electric, providing steady rental income. Conveniently located steps from the bike trail and Depot Coffee Shop, and just three blocks from downtown Urbana, offering easy access to local amenities and community attractions. All major mechanicals were updated in 2022. Gross rental income is approximately $2,500 per month. Owner currently pays water and trash. Property is priced to support day-one cash flow based on current rents and operating structure. Ideal for investors or owner-occupants seeking rental income with long-term potential. Tenant-occupied units--please do not disturb tenants. Showings by appointment only. Seller is motivated! Ready to make a deal! Agent is related to the seller.

3. 2026-03-02
   price $224,900 1132-char remark

   Show marketing remark (1132 chars)

   Historic Duplex with Income Potential in Urbana! Well-maintained duplex offering historic character and investment flexibility, located along a classic brick sidewalk and rooted in Urbana's rich history. 328 Side features 4 bedrooms, 2 full baths, and three full floors of living space. This unit is currently occupied. 330 Side includes 2 bedrooms and 1 full bath, is tenant-occupied, and operates with gas and electric, providing steady rental income. Conveniently located steps from the bike trail and Depot Coffee Shop, and just three blocks from downtown Urbana, offering easy access to local amenities and community attractions. All major mechanicals were updated in 2022. Gross rental income is approximately $2,500 per month. Owner currently pays water and trash. Property is priced to support day-one cash flow based on current rents and operating structure. Ideal for investors or owner-occupants seeking rental income with long-term potential. Tenant-occupied units--please do not disturb tenants. Showings by appointment only. Seller is motivated! Ready to make a deal! Agent is related to the seller.

4. 2026-01-20
   listed $229,000 Active 1132-char remark

   Show marketing remark (1132 chars)

   Historic Duplex with Income Potential in Urbana! Well-maintained duplex offering historic character and investment flexibility, located along a classic brick sidewalk and rooted in Urbana's rich history. 328 Side features 4 bedrooms, 2 full baths, and three full floors of living space. This unit is currently occupied. 330 Side includes 2 bedrooms and 1 full bath, is tenant-occupied, and operates with gas and electric, providing steady rental income. Conveniently located steps from the bike trail and Depot Coffee Shop, and just three blocks from downtown Urbana, offering easy access to local amenities and community attractions. All major mechanicals were updated in 2022. Gross rental income is approximately $2,500 per month. Owner currently pays water and trash. Property is priced to support day-one cash flow based on current rents and operating structure. Ideal for investors or owner-occupants seeking rental income with long-term potential. Tenant-occupied units--please do not disturb tenants. Showings by appointment only. Seller is motivated! Ready to make a deal! Agent is related to the seller.

5. 2022-06-01
   soldstatus $50,000

ⓘ 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: $2,223 · $185/mo
• Projected year-2 tax: $2,827 · $236/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,072
• − Mortgage interest: −$12,323
• − Property taxes: −$2,223
• − Insurance: −$6,625
• − Repairs & maintenance: −$1,926
• − Management: −$1,926
• − Depreciation: −$6,400
• Taxable loss: −$7,350
• Est. tax savings @ 24.0%: +$1,764
• After-tax cash flow: $-1,911/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: Urbana City
• NCES district ID: 3904494
• Math proficiency: 43% ▼ -8.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $40,461
• Composite: 36.9/100
• National rank: #4545
• State rank: #509 of 656 in OH

Livability — Urbana

• Score: 71/100
• State rank: #404
• US rank: #6676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Urbana, OH
• County: Champaign · 37,359 people
• Population (ZIP): 19,985
• Household income: $72,500
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 8.2

Population outlook (Champaign County) Hauer SSP2

• Today (2025): 36,480 people
• By 2030: 34,790 · -4.6%
• By 2040: 31,082 · -14.8%
• By 2050: 27,217 · -25.4%
• By 2075: 19,156 · -47.5%
• By 2100: 12,690 · -65.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Black 3% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Italian 3% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Champaign

• 2024 margin: Solid R (+50.8) · D 24.1% · R 74.9%
• 2008→2024 swing: -30.9pp toward R · 2008: -19.9pp · 2024: -50.8pp
• All cycles: 2024: R+50.8 2020: R+47.7 2016: R+44.5 2012: R+20.1 2008: R+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 24.22%
• Current HPI: 415.85
• 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

+340.0% since first listed

4 events — show timeline

• 2026-03-30 Price Changed $220,000 WRIST
• 2026-03-02 Price Changed $224,900 WRIST
• 2026-01-20 Listed $229,000 WRIST
• 2022-06-01 Sold (Public Records) $50,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,223 · +0.0% YoY. Source: county tax records.