440 4th St · Braddock, PA 15104

$19,900

4 bd · 1.0 ba · 1,768 sqft · SingleFamily public records · 174 Days on market

Built 1900 2,299 sqft lot $11/sqft · 61% below area

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Heart of Braddock! Beautiful tree lined street. This frame single family home is nestled back on a great size lot. It is conveniently located near local shopping, public transit, and offers easy access to anywhere in the city. This is perfect for an investor who wants to inherit a great rental that needs a full renovation to place a tenant and generate income or a rehabber who wants to remodel and resell. Implement your own personal touches and revive this property to its potential! Bring your contractors, architects, and engineer! 1st floor has Living Room, Dining Room, and Kitchen. 2nd floor has 5 Bedrooms and Full Bath. Basement has Laundry and Storage. Blank canvas! Perfect for any investor- tons of potential! Opportunities are endless!!

Key facts

• Easy access
• Public transit
• Great size lot

Tags

• GREAT SIZE LOT
• CONVENIENTLY LOCATED
• LOCAL SHOPPING
• PUBLIC TRANSIT
• EASY ACCESS
• FULL RENOVATION

🏷️ Possibly a rental listed for sale. The $19,900 price doesn't fit this home's estimated sale value (~$50,816) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $20k).
• Recommended offer: $18k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#963 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• At $1,821/mo this rent would consume 54% of the median local household income ($40k/yr) (locally 515% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-1.6%/yr); year-one equity from $138 of loan paydown is wiped out by about $323 of value loss. Plan a longer hold.
• At projected returns (-1.6% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $17,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 9.15% ✓
• Cap rate: 82.09%
• Cash-on-cash: 270.69%
• DSCR: 13.04
• GRM: 0.9

CMA / ARV

• ARV (median comp): $50,816
• List price: $19,900
• Delta: -60.84%
• 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
316 Holland Ave	0.06mi	4/2.0	1,696 (-4%)	9mo	$54,500	$32	79
414 Mills Ave	0.03mi	3/2.5 (-1)	1,680 (-5%)	7mo	$10,000	$6	73
226 Lobinger Ave	0.41mi	4/2.0	1,696 (-4%)	3mo	$75,525	$45	68
212 Comrie Ave	0.19mi	3/1.5 (-1)	1,925 (+9%)	3mo	$100,000	$52	67
122 N Holland Ave	0.31mi	3/1.0 (-1)	1,620 (-8%)	0mo	$52,000	$32	66
646 Corey Ave	0.12mi	4/2.0	1,912 (+8%)	12mo	$43,000	$22	66
211 Division St	0.33mi	3/1.0 (-1)	1,596 (-10%)	4mo	$13,500	$8	60
126 Mills Ave	0.22mi	3/1.0 (-1)	1,512 (-14%)	5mo	$49,000	$32	57
545 Stokes Ave	0.47mi	3/2.0 (-1)	1,870 (+6%)	5mo	$60,000	$32	55
816 Spring St	0.51mi	5/1.5 (+1)	1,740 (-2%)	19mo	$75,000	$43	51
530 Stokes Ave	0.43mi	3/2.0 (-1)	1,550 (-12%)	11mo	$85,000	$55	41
123 5th Ave	0.60mi	3/1.5 (-1)	1,551 (-12%)	6mo	$135,000	$87	39

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: —
• Equity multiple: 15.01×
• Total profit: $78,058
• Equity at exit: $4,216

10-year hold

• IRR: —
• Equity multiple: 31.93×
• Total profit: $172,344
• Equity at exit: $3,944

Cash invested: $5,572 (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: 0.9×

Monthly cashflow live

• Estimated rent: $1,821 high
• Mortgage (P&I): −$104
• Tax from tax record: −$69 /mo · $829/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $1,257

Break-even live

Break-even rent $230

Max offer price $19,900

Occupancy floor 26%

Sensitivity live

Price	-10% $1,268	-5% $1,263	+0% $1,257	+5% $1,251	+10% $1,246
Rent	-10% $1,113	-5% $1,185	+0% $1,257	+5% $1,329	+10% $1,401
Rate	-1.0pp $1,267	-0.5pp $1,262	base $1,257	+0.5pp $1,252	+1.0pp $1,247

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: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
537 6th St Braddock, PA	3.0	1.0	1360	$1,400	$1.03	44d	1	0.23mi
3 3rd Ave Braddock, PA	5.0	3.0	2500	$3,800	$1.52	44d	1	0.43mi
2323 Patterson Ave Unit NA Pittsburgh, PA	3.0	1.0	1440	$1,500	$1.04	24d	1	1.20mi
2323 Patterson Ave Pittsburgh, PA	3.0	1.0	1440	$1,800	$1.25	44d	1	1.20mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	15d	1	1.20mi
2219 Manor Ave Pittsburgh, PA	3.0	1.0	1638	$1,600	$0.98	24d	1	1.24mi
2210 Hampton St Pittsburgh, PA	3.0	1.5	1512	$1,650	$1.09	24d	1	1.39mi
101 Center St East Pittsburgh, PA	3.0	1.0	1500	$1,505	$1.00	11d	1	1.47mi

Listing history 15 events

1. 2026-06-21
   days on market $19,900 Active 174 DOM
2. 2026-06-18
   days on market $19,900 Active 171 DOM
3. 2026-06-17
   days on market $19,900 Active 170 DOM
4. 2026-06-16
   days on market $19,900 Active 169 DOM
5. 2026-06-15
   days on market $19,900 Active 168 DOM
6. 2026-06-13
   days on market $19,900 Active 166 DOM
7. 2026-06-09
   days on market $19,900 Active 162 DOM
8. 2026-06-08
   days on market $19,900 Active 161 DOM
9. 2026-06-07
   days on market $19,900 Active 160 DOM
10. 2026-06-05
    days on market $19,900 Active 157 DOM
11. 2026-06-03
    days on market $19,900 Active 156 DOM
12. 2026-06-02
    days on market $19,900 Active 155 DOM
13. 2026-06-01
    days on market $19,900 Active 154 DOM
14. 2026-05-31
    days on market $19,900 Active 153 DOM
15. 2025-12-29
    listed $19,900 Active 751-char remark

    Show marketing remark (751 chars)

    Heart of Braddock! Beautiful tree lined street. This frame single family home is nestled back on a great size lot. It is conveniently located near local shopping, public transit, and offers easy access to anywhere in the city. This is perfect for an investor who wants to inherit a great rental that needs a full renovation to place a tenant and generate income or a rehabber who wants to remodel and resell. Implement your own personal touches and revive this property to its potential! Bring your contractors, architects, and engineer! 1st floor has Living Room, Dining Room, and Kitchen. 2nd floor has 5 Bedrooms and Full Bath. Basement has Laundry and Storage. Blank canvas! Perfect for any investor- tons of potential! Opportunities are endless!!

ⓘ 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: $829 · $69/mo
• Projected year-2 tax: $829 · $69/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 ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,853
• − Mortgage interest: −$1,115
• − Property taxes: −$829
• − Insurance: −$100
• − Repairs & maintenance: −$1,748
• − Management: −$1,748
• − Depreciation: −$579
• Taxable income: $15,734
• Est. tax owed @ 24.0%: −$3,776
• After-tax cash flow: $11,307/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 — Braddock

• Score: 67/100
• State rank: #963
• US rank: #10536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Braddock, PA
• County: Allegheny County · 1,022,028 people
• City population: 8,034
• 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

1 event — show timeline

• 2025-12-29 Listed $19,900 West Penn MLS

Property tax history

+12.5%/yr

Latest (2026): $829 · +312.4% YoY. Source: county tax records.