1611 Ridge Ave · North Braddock, PA 15104

$54,900

3 bd · 2.0 ba · 1,120 sqft · SingleFamily public records · 97 Days on market

Built 1901 4,003 sqft lot $49/sqft · 45% below area Est $100k · 45% under

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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
• Appreciation +4.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Well-maintained 3-bedroom, 2-bath investment property with stable rental history and income currently supported through a housing assistance program. This two-story home offers strong tenant appeal with a functional layout and minimal deferred maintenance. Conveniently located near Route 30, public transit, and major shopping, providing easy access to Pittsburgh and surrounding communities. Ideal for investors seeking a performing rental asset with immediate income potential. Great opportunity to expand or start your rental portfolio.

Key facts

• Two-story home
• Functional layout
• 4,003 sq ft lot

Tags

• TWO-STORY HOME
• FUNCTIONAL LAYOUT
• MINIMAL DEFERRED MAINTENANCE
• IMMEDIATE INCOME POTENTIAL

🏷️ Possibly a rental listed for sale. The $54,900 price doesn't fit this home's estimated sale value (~$100,037) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#550 in PA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment F.
• Woodland Hills SD (suburban): math 13% / reading 30% proficiency, ranked #486 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 37 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 36% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.6%/yr); year-one equity from $380 of loan paydown is wiped out by about $890 of value loss. Plan a longer hold.
• At projected returns (-1.6% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $55k implies a 377% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,959 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 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 1901 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.19% ✓
• Cap rate: 18.04%
• Cash-on-cash: 41.94%
• DSCR: 2.87
• GRM: 3.8

CMA / ARV

• ARV (median comp): $100,037
• List price: $54,900
• Delta: -45.12%
• 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
1601 Wolfe Ave	0.17mi	2/1.0 (-1)	1,120 (0%)	4mo	$25,000	$22	80
548 Ridge Ave	0.21mi	2/1.0 (-1)	1,081 (-4%)	3mo	$111,000	$103	73
543 Ridge Ave	0.21mi	3/1.0	1,080 (-4%)	11mo	$80,000	$74	71
1326 Wolfe Ave	0.35mi	2/1.0 (-1)	1,108 (-1%)	7mo	$55,850	$50	67
217 Wilkins Ave	0.59mi	3/2.0	1,143 (+2%)	15mo	$152,000	$133	57
146 Highland Ave	0.51mi	3/1.0	1,229 (+10%)	1mo	$185,900	$151	55
1916 Pallas St	0.35mi	2/1.0 (-1)	1,009 (-10%)	8mo	$47,800	$47	52
505 South Park St	0.50mi	3/1.0	980 (-12%)	5mo	$18,500	$19	48
212 Parklane Dr	0.71mi	3/1.0	1,080 (-4%)	14mo	$144,450	$134	46
240 Wilkins Ave	0.64mi	2/1.0 (-1)	998 (-11%)	1mo	$155,000	$155	42
119 Elizabeth Ave	0.57mi	2/1.0 (-1)	1,017 (-9%)	9mo	$132,500	$130	42
206 Parklane Dr	0.74mi	3/2.0	975 (-13%)	9mo	$225,000	$231	36

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

Projected returns pro-forma

-1.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 40.7%
• Equity multiple: 2.86×
• Total profit: $28,599
• Equity at exit: $11,632

10-year hold

• IRR: 45.5%
• Equity multiple: 5.69×
• Total profit: $72,067
• Equity at exit: $10,881

Cash invested: $15,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 15104

• Home prices YoY: -1.1%
• Active inventory: 37
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,203 high
• Mortgage (P&I): −$288
• Tax from tax record: −$102 /mo · $1,225/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $537

Break-even live

Break-even rent $523

Max offer price $54,900

Occupancy floor 50%

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1310 Brinton Ave Unit 1 Braddock, PA	2.0	1.0	800	$1,000	$1.25	44d	1	0.36mi
219 North Ave Unit 1 East Pittsburgh, PA	2.0	1.0	850	$900	$1.06	3d	1	0.45mi
407 Bessemer Ave Unit 407-3 East Pittsburgh, PA	2.0	1.0	1280	$775	$0.61	44d	1	0.49mi
101 Center St East Pittsburgh, PA	3.0	1.0	1500	$1,505	$1.00	10d	1	0.51mi
227 Parklane Dr Unit Parklane Dr unit North Braddock, PA	3.0	1.0	1107	$1,500	$1.36	12d	1	0.68mi
906 Penn Ave Unit D Turtle Creek, PA	3.0	2.0	1277	$1,400	$1.10	44d	1	0.72mi
906 Penn Ave Unit B Turtle Creek, PA	3.0	1.0	820	$1,250	$1.52	24d	1	0.72mi
906 Penn Ave Unit A Turtle Creek, PA	2.0	2.0	1122	$1,250	$1.11	44d	1	0.72mi
906 Penn Ave Unit B Turtle Creek, PA	3.0	1.0	820	$1,250	$1.52	44d	1	0.72mi
221 Grant St Unit 221-B Turtle Creek, PA	2.0	1.0	756	$775	$1.03	44d	1	0.80mi
505 Washington St Turtle Creek, PA	2.0	1.0	1064	$1,200	$1.13	44d	1	0.88mi
400 Greensburg Pike North Versailles, PA	3.0	1.0	1324	$1,250	$0.94	44d	1	0.97mi
342 Kenyon St Turtle Creek, PA	1.0–2.0	1.0	850	$1,155	$1.36	14d	6	1.04mi
1607 Girard Ave North Versailles, PA	3.0	2.0	1400	$1,595	$1.14	24d	1	1.06mi
817 Kirkpatrick Ave Unit 8171-A Braddock, PA	2.0	1.0	866	$800	$0.92	44d	1	1.19mi
539 Atlantic Ave Unit 2 Pittsburgh, PA	3.0	1.0	1200	$995	$0.83	44d	1	1.25mi
1806 Greensburg Ave North Versailles Township, PA	1.0–2.0	1.0	750	$1,015	$1.35	2d	10	1.31mi
287 Palma St North Versailles, PA	3.0	1.5	1008	$1,395	$1.38	44d	1	1.34mi
1615 Lynn Ave Unit 2 Turtle Creek, PA	2.0	1.0	1100	$1,145	$1.04	44d	1	1.37mi
173 Churchill Rd Turtle Creek, PA	1.0–2.0	1.0	820	$1,175	$1.43	17d	2	1.42mi
537 6th St Braddock, PA	3.0	1.0	1360	$1,400	$1.03	44d	1	1.43mi
610 Brown Ave Turtle Creek, PA	3.0	1.0	1268	$1,499	$1.18	4d	1	1.47mi

Listing history 18 events

1. 2026-06-18
   days on market $54,900 Active 97 DOM
2. 2026-06-17
   days on market $54,900 Active 96 DOM
3. 2026-06-16
   days on market $54,900 Active 95 DOM
4. 2026-06-15
   days on market $54,900 Active 94 DOM
5. 2026-06-13
   days on market $54,900 Active 92 DOM
6. 2026-06-09
   days on market $54,900 Active 88 DOM
7. 2026-06-08
   days on market $54,900 Active 87 DOM
8. 2026-06-07
   days on market $54,900 Active 86 DOM
9. 2026-06-05
   days on market $54,900 Active 83 DOM
10. 2026-06-03
    days on market $54,900 Active 82 DOM
11. 2026-06-02
    days on market $54,900 Active 81 DOM
12. 2026-06-01
    days on market $54,900 Active 80 DOM
13. 2026-05-31
    days on market $54,900 Active 79 DOM
14. 2026-04-01
    price $54,900 540-char remark

    Show marketing remark (540 chars)

    Well-maintained 3-bedroom, 2-bath investment property with stable rental history and income currently supported through a housing assistance program. This two-story home offers strong tenant appeal with a functional layout and minimal deferred maintenance. Conveniently located near Route 30, public transit, and major shopping, providing easy access to Pittsburgh and surrounding communities. Ideal for investors seeking a performing rental asset with immediate income potential. Great opportunity to expand or start your rental portfolio.

15. 2026-03-11
    listed $60,000 Active 540-char remark

    Show marketing remark (540 chars)

    Well-maintained 3-bedroom, 2-bath investment property with stable rental history and income currently supported through a housing assistance program. This two-story home offers strong tenant appeal with a functional layout and minimal deferred maintenance. Conveniently located near Route 30, public transit, and major shopping, providing easy access to Pittsburgh and surrounding communities. Ideal for investors seeking a performing rental asset with immediate income potential. Great opportunity to expand or start your rental portfolio.

16. 2024-05-15
    price $63,500 643-char remark

    Show marketing remark (643 chars)

    INVESTORS! This is a great TURN-KEY property awaiting you, add this very well maintained home to your portfolio and begin to enjoy returns right away. This 2-story home is an income producer because it's cozy, inviting and has been updated and well maintained throughout it's tenure. There's 3 BEDROOMS and 2 BATHROOMS, allowing for a comfortable stay for an average size family. This property has great long term potential due to it's close proximity to the bus lines, Wal-Mart, and all the local amenities accessible from route 30. There's not much deferred maintenance, as the owners took very good care of this property. Won't last long!!!

17. 2024-03-18
    listed $68,500 Active 643-char remark

    Show marketing remark (643 chars)

    INVESTORS! This is a great TURN-KEY property awaiting you, add this very well maintained home to your portfolio and begin to enjoy returns right away. This 2-story home is an income producer because it's cozy, inviting and has been updated and well maintained throughout it's tenure. There's 3 BEDROOMS and 2 BATHROOMS, allowing for a comfortable stay for an average size family. This property has great long term potential due to it's close proximity to the bus lines, Wal-Mart, and all the local amenities accessible from route 30. There's not much deferred maintenance, as the owners took very good care of this property. Won't last long!!!

18. 1992-11-25
    soldstatus $11,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $1,225 · $102/mo
• Projected year-2 tax: $1,225 · $102/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,432
• − Mortgage interest: −$3,075
• − Property taxes: −$1,225
• − Insurance: −$274
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$1,597
• Taxable income: $5,951
• Est. tax owed @ 24.0%: −$1,428
• After-tax cash flow: $5,019/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: Woodland Hills SD
• NCES district ID: 4216500
• Math proficiency: 13% ▼ -13.00%
• Reading proficiency: 30% ▼ -10.00%
• Median HH income: $41,803
• Composite: 18.31/100
• National rank: #8954
• State rank: #486 of 539 in PA

Livability — North Braddock

• Score: 73/100
• State rank: #550
• US rank: #5126

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Braddock, PA
• County: Allegheny County · 1,022,028 people
• City population: 7,946
• Metro: Pittsburgh, PA
• Population (ZIP): 8,034
• Household income: $40,104
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 515.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 31% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Hispanic 1% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.62%
• Current HPI: 138.912
• Rent YoY: —
• Metro: Pittsburgh, PA
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+377.4% since first listed

5 events — show timeline

• 2026-04-01 Price Changed $54,900 West Penn MLS
• 2026-03-11 Listed $60,000 West Penn MLS
• 2024-05-15 Price Changed $63,500 West Penn MLS
• 2024-03-18 Listed $68,500 West Penn MLS
• 1992-11-25 Sold (Public Records) $11,500 Public Records

Property tax history

+2.1%/yr

Latest (2026): $1,225 · +2.9% YoY. Source: county tax records.