825 Morton St · New Castle, PA 16101

$45,900

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 66 Days on market

Built 1925 3,092 sqft lot $36/sqft · 24% below area Est $60k · 24% 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
• Rent growth +5.0/5.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This super spacious, three-story fixer-upper is bursting with opportunity! Located on New Castle’s East Side, this character-filled home is ready for your personal touch. Whether you're dreaming of a cozy starter home or looking to expand your rental portfolio, this property is the perfect canvas to make it happen. Inside, you'll find generously sized rooms, beautiful original woodwork, and classic architectural details throughout. Enjoy both front and back patios for relaxing or entertaining, plus a yard with alley access—ideal for off-street parking or future improvements. With its solid bones and timeless charm, this home is just waiting to be brought back to life. Don’t miss your chance to turn vision into value!

Key facts

• 3,092 sq ft lot
• Built 1925
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $46k.

Deal economics

• At list price, monthly cash flow is $721 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $46k).
• Recommended offer: $43k (6.0% below list) — sets the bar for market timing.
• Cap rate 25.1% vs local median 8.7% in New Castle — 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 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+20.1%/yr); 118 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($51k/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 $317 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y 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.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,146 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. 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.
6. 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.
7. 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: 2.94% ✓
• Cap rate: 25.15%
• Cash-on-cash: 67.34%
• DSCR: 4.00
• GRM: 2.8

CMA / ARV

• ARV (median comp): $60,300
• List price: $45,900
• Delta: -23.88%
• 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
827 Morton St	0.01mi	3/1.0	1,123 (-11%)	0mo	$40,000	$36	81
705 E Lutton St	0.16mi	4/1.5 (+1)	1,218 (-3%)	2mo	$48,500	$40	78
1308 Cunningham Ave	0.39mi	3/1.0	1,288 (+2%)	1mo	$25,000	$19	77
1307 Huron Ave	0.32mi	3/1.0	1,320 (+5%)	2mo	$86,000	$65	76
506 E Long Ave	0.48mi	3/1.0	1,280 (+2%)	2mo	$9,500	$7	74
1042 Maryland Ave	0.48mi	3/1.0	1,204 (-4%)	2mo	$54,000	$45	69
916 Marshall Ave	0.20mi	3/1.5	1,440 (+14%)	3mo	$60,001	$42	62
221 Friendship St	0.60mi	2/1.0 (-1)	1,184 (-6%)	0mo	$23,000	$19	56
418 E Division St	0.50mi	3/1.5	1,120 (-11%)	0mo	$18,000	$16	56
517 Electric St	0.53mi	3/1.0	1,404 (+11%)	1mo	$44,000	$31	55
939 Warren Ave	0.57mi	3/1.0	1,123 (-11%)	0mo	$135,000	$120	55
311 E Reynolds St	0.55mi	2/1.0 (-1)	1,136 (-10%)	0mo	$10,000	$9	52

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 72.5%
• Equity multiple: 4.55×
• Total profit: $45,674
• Equity at exit: $6,844

10-year hold

• IRR: 77.8%
• Equity multiple: 11.24×
• Total profit: $131,563
• Equity at exit: $3,969

Cash invested: $12,852 (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 16101

• Home prices YoY: -26.3%
• Rents YoY: 20.1%
• Active inventory: 118
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,351 high
• Mortgage (P&I): −$241
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $721

Break-even live

Break-even rent $438

Max offer price $45,900

Occupancy floor 42%

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: $11,475
• Closing costs: $1,377
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1112 Williams St New Castle, PA	2.0	1.0	1026	$1,400	$1.36	43d	1	0.15mi
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	43d	1	0.21mi
712 E Reynolds St New Castle, PA	3.0	1.0	1182	$975	$0.82	43d	1	0.22mi
1510 Huron Ave New Castle, PA	3.0	1.0	1560	$1,475	$0.95	43d	1	0.47mi
1056 Adams St New Castle, PA	3.0	1.0	1116	$1,500	$1.34	43d	1	0.57mi
503 Galbreath St New Castle, PA	2.0	1.0	1228	$1,295	$1.05	43d	1	0.61mi
1605 S Jefferson St New Castle, PA	3.0	1.0	1500	$1,500	$1.00	43d	1	0.94mi
1708 Moravia St New Castle, PA	3.0	2.0	1500	$1,500	$1.00	43d	1	1.19mi

Listing history 28 events

1. 2026-06-19
   days on market $45,900 Active 66 DOM
2. 2026-06-18
   days on market $45,900 Active 65 DOM
3. 2026-06-17
   days on market $45,900 Active 64 DOM
4. 2026-06-16
   days on market $45,900 Active 63 DOM
5. 2026-06-15
   days on market $45,900 Active 62 DOM
6. 2026-06-14
   days on market $45,900 Active 60 DOM
7. 2026-06-12
   days on market $45,900 Active 59 DOM
8. 2026-06-09
   days on market $45,900 Active 56 DOM
9. 2026-06-08
   days on market $45,900 Active 55 DOM
10. 2026-06-07
    days on market $45,900 Active 54 DOM
11. 2026-06-03
    days on market $45,900 Active 50 DOM
12. 2026-06-02
    days on market $45,900 Active 49 DOM
13. 2026-06-01
    days on market $45,900 Active 48 DOM
14. 2026-05-31
    days on market $45,900 Active 47 DOM
15. 2026-05-30
    days on market $45,900 Active 46 DOM
16. 2026-04-14
    listed $45,900 Active 744-char remark

    Show marketing remark (744 chars)

    This super spacious, three-story fixer-upper is bursting with opportunity! Located on New Castle’s East Side, this character-filled home is ready for your personal touch. Whether you're dreaming of a cozy starter home or looking to expand your rental portfolio, this property is the perfect canvas to make it happen. Inside, you'll find generously sized rooms, beautiful original woodwork, and classic architectural details throughout. Enjoy both front and back patios for relaxing or entertaining, plus a yard with alley access—ideal for off-street parking or future improvements. With its solid bones and timeless charm, this home is just waiting to be brought back to life. Don’t miss your chance to turn vision into value!

17. 2026-04-12
    historical Expired 744-char remark

    Show marketing remark (744 chars)

    This super spacious, three-story fixer-upper is bursting with opportunity! Located on New Castle’s East Side, this character-filled home is ready for your personal touch. Whether you're dreaming of a cozy starter home or looking to expand your rental portfolio, this property is the perfect canvas to make it happen. Inside, you'll find generously sized rooms, beautiful original woodwork, and classic architectural details throughout. Enjoy both front and back patios for relaxing or entertaining, plus a yard with alley access—ideal for off-street parking or future improvements. With its solid bones and timeless charm, this home is just waiting to be brought back to life. Don’t miss your chance to turn vision into value!

18. 2025-04-12
    listed $45,900 Active 744-char remark

    Show marketing remark (744 chars)

    This super spacious, three-story fixer-upper is bursting with opportunity! Located on New Castle’s East Side, this character-filled home is ready for your personal touch. Whether you're dreaming of a cozy starter home or looking to expand your rental portfolio, this property is the perfect canvas to make it happen. Inside, you'll find generously sized rooms, beautiful original woodwork, and classic architectural details throughout. Enjoy both front and back patios for relaxing or entertaining, plus a yard with alley access—ideal for off-street parking or future improvements. With its solid bones and timeless charm, this home is just waiting to be brought back to life. Don’t miss your chance to turn vision into value!

19. 2025-03-04
    historical Expired
20. 2024-10-28
    status Active
21. 2024-03-13
    historical Contingent
22. 2024-03-05
    listed $49,900 Active
23. 2022-08-05
    soldstatus $41,134
24. 2011-07-06
    listed $19,900
25. 2003-03-31
    soldstatus $25,000
26. 2003-03-28
    soldstatus $25,000
27. 2002-09-27
    listed $29,900
28. 1994-09-14
    soldstatus $20,900

ⓘ 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: $1,031 · $86/mo
• Projected year-2 tax: $1,031 · $86/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 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,207
• − Mortgage interest: −$2,571
• − Property taxes: −$1,031
• − Insurance: −$230
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − Depreciation: −$1,335
• Taxable income: $8,447
• Est. tax owed @ 24.0%: −$2,027
• After-tax cash flow: $6,628/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• County: Lawrence County · 30,767 people
• City population: 30,767
• Metro: New Castle, PA
• Population (ZIP): 30,767
• Household income: $51,128
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1047.0

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 7% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Serbian 3% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.77%
• Current HPI: 159.3091
• Rent YoY: ▲ 20.05%
• Metro: New Castle, 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

+119.6% since first listed

13 events — show timeline

• 2026-04-14 Listed $45,900 West Penn MLS
• 2026-04-12 Delisted — West Penn MLS
• 2025-04-12 Listed $45,900 West Penn MLS
• 2025-03-04 Delisted — West Penn MLS
• 2024-10-28 Relisted — West Penn MLS
• 2024-03-13 Contingent — West Penn MLS
• 2024-03-05 Listed $49,900 West Penn MLS
• 2022-08-05 Sold (Public Records) $41,134 Public Records
• 2011-07-06 Listed $19,900 West Penn MLS
• 2003-03-31 Sold (Public Records) $25,000 Public Records
• 2003-03-28 Sold (MLS) $25,000 West Penn MLS
• 2002-09-27 Listed $29,900 West Penn MLS
• 1994-09-14 Sold (Public Records) $20,900 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,031 · -0.5% YoY. Source: county tax records.