1515 Ridge Ave · North Braddock, PA 15104

$19,999

3 bd · 1.5 ba · 1,440 sqft · SingleFamily public records · 240 Days on market

Built 1900 5,998 sqft lot $14/sqft · 76% below area ↓ 43% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +4.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Heart of N Braddock! Amazing location!! This single family frame residence 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 project! Bring your contractors, architects, and designers! Use this blank canvas to create a great rental or Air BnB to generate passive income OR to renovate and resell. Main Floor has Living Room and Kitchen. 2nd Floor has 2 Bedrooms and Full Bath. Lower Level has Bedroom or Game Room and Utility Room. Great sized deep double lot with detached garage! Implement your own personal touches and revive this property to its potential! Full cosmetic renovation needed here but the upside is well worth the effort! Perfect for any investor- tons of potential! Opportunities are endless!

Key facts

• Detached garage
• 5,998 sq ft lot
• Garage

Tags

• GREAT SIZED DEEP DOUBLE LOT
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $869 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $18k (12.0% 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; 16 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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 38% 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 $138 of loan paydown is wiped out by about $324 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 240 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y 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 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $17,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 240 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. 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. 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?
7. 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.
8. 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.
9. 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: 6.38% ✓
• Cap rate: 58.46%
• Cash-on-cash: 186.32%
• DSCR: 9.29
• GRM: 1.3

CMA / ARV

• ARV (median comp): $82,392
• List price: $19,999
• Delta: -75.73%
• 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
1202 Ridge Ave	0.26mi	3/1.0	1,305 (-9%)	15mo	$18,000	$14	58
115 Ivy St	0.74mi	3/1.0	1,440 (0%)	8mo	$27,000	$19	57
618 Bluff St	0.70mi	3/2.0	1,414 (-2%)	8mo	$115,000	$81	55
146 Highland Ave	0.44mi	3/1.0	1,229 (-15%)	1mo	$185,900	$151	52
820 Western Ave	0.47mi	3/1.5	1,568 (+9%)	15mo	$74,500	$48	51
424 Cline St	0.67mi	3/1.5	1,326 (-8%)	6mo	$35,500	$27	50
125 Avenue F	0.57mi	3/1.0	1,296 (-10%)	8mo	$185,500	$143	48
328 Center St	0.55mi	4/2.0 (+1)	1,600 (+11%)	3mo	$155,000	$97	47
122 Marwood Ave	0.64mi	4/1.0 (+1)	1,344 (-7%)	12mo	$140,000	$104	42
160 Legrande Dr	0.69mi	3/2.5	1,260 (-12%)	6mo	$170,000	$135	38
31 Demmer Ave	0.67mi	2/1.5 (-1)	1,260 (-12%)	7mo	$170,000	$135	37
105 General Braddock Dr	0.68mi	3/1.5	1,232 (-14%)	14mo	$125,000	$101	33

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: 10.52×
• Total profit: $53,334
• Equity at exit: $4,237

10-year hold

• IRR: —
• Equity multiple: 22.23×
• Total profit: $118,899
• Equity at exit: $3,964

Cash invested: $5,600 (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: 1.3×

Monthly cashflow live

• Estimated rent: $1,276 high
• Mortgage (P&I): −$105
• Tax est. 1.5%: −$25 /mo · $300/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $869

Break-even live

Break-even rent $175

Max offer price $19,999

Occupancy floor 27%

Sensitivity live

Price	-10% $883	-5% $876	+0% $869	+5% $863	+10% $856
Rent	-10% $769	-5% $819	+0% $869	+5% $920	+10% $970
Rate	-1.0pp $880	-0.5pp $875	base $869	+0.5pp $864	+1.0pp $859

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
227 Parklane Dr Unit Parklane Dr unit North Braddock, PA	3.0	1.0	1107	$1,500	$1.36	13d	1	0.54mi
530 Main St Unit 530 East Pittsburgh, PA	4.0	2.0	1578	$1,133	$0.72	44d	1	0.57mi
101 Center St East Pittsburgh, PA	3.0	1.0	1500	$1,505	$1.00	11d	1	0.59mi
407 Bessemer Ave Unit 407-3 East Pittsburgh, PA	2.0	1.0	1280	$775	$0.61	44d	1	0.61mi
906 Penn Ave Unit A Turtle Creek, PA	2.0	2.0	1122	$1,250	$1.11	44d	1	0.75mi
906 Penn Ave Unit D Turtle Creek, PA	3.0	2.0	1277	$1,400	$1.10	44d	1	0.75mi
505 Washington St Turtle Creek, PA	2.0	1.0	1064	$1,200	$1.13	44d	1	0.79mi
342 Kenyon St Turtle Creek, PA	1.0–2.0	1.0	850	$1,155	$1.36	15d	6	1.01mi
400 Greensburg Pike North Versailles, PA	3.0	1.0	1324	$1,250	$0.94	44d	1	1.06mi
539 Atlantic Ave Unit 2 Pittsburgh, PA	3.0	1.0	1200	$995	$0.83	44d	1	1.10mi
1607 Girard Ave North Versailles, PA	3.0	2.0	1400	$1,595	$1.14	24d	1	1.18mi
610 Brown Ave Turtle Creek, PA	3.0	1.0	1268	$1,499	$1.18	5d	1	1.35mi
537 6th St Braddock, PA	3.0	1.0	1360	$1,400	$1.03	44d	1	1.36mi
1615 Lynn Ave Unit 2 Turtle Creek, PA	2.0	1.0	1100	$1,145	$1.04	44d	1	1.39mi
1806 Greensburg Ave North Versailles Township, PA	1.0–2.0	1.0	750	$1,015	$1.35	2d	10	1.45mi
287 Palma St North Versailles, PA	3.0	1.5	1008	$1,395	$1.38	44d	1	1.49mi

Listing history 27 events

1. 2026-06-21
   days on market $19,999 Active 240 DOM
2. 2026-06-18
   days on market $19,999 Active 237 DOM
3. 2026-06-17
   days on market $19,999 Active 236 DOM
4. 2026-06-16
   days on market $19,999 Active 235 DOM
5. 2026-06-15
   days on market $19,999 Active 234 DOM
6. 2026-06-13
   days on market $19,999 Active 232 DOM
7. 2026-06-09
   days on market $19,999 Active 228 DOM
8. 2026-06-08
   days on market $19,999 Active 227 DOM
9. 2026-06-07
   days on market $19,999 Active 226 DOM
10. 2026-06-05
    days on market $19,999 Active 223 DOM
11. 2026-06-03
    days on market $19,999 Active 222 DOM
12. 2026-06-02
    days on market $19,999 Active 221 DOM
13. 2026-06-01
    days on market $19,999 Active 220 DOM
14. 2026-05-31
    days on market $19,999 Active 219 DOM
15. 2025-10-24
    listed $19,999 Active 826-char remark

    Show marketing remark (826 chars)

    Heart of N Braddock! Amazing location!! This single family frame residence 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 project! Bring your contractors, architects, and designers! Use this blank canvas to create a great rental or Air BnB to generate passive income OR to renovate and resell. Main Floor has Living Room and Kitchen. 2nd Floor has 2 Bedrooms and Full Bath. Lower Level has Bedroom or Game Room and Utility Room. Great sized deep double lot with detached garage! Implement your own personal touches and revive this property to its potential! Full cosmetic renovation needed here but the upside is well worth the effort! Perfect for any investor- tons of potential! Opportunities are endless!

16. 2025-10-23
    historical Expired 826-char remark

    Show marketing remark (826 chars)

    Heart of N Braddock! Amazing location!! This single family frame residence 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 project! Bring your contractors, architects, and designers! Use this blank canvas to create a great rental or Air BnB to generate passive income OR to renovate and resell. Main Floor has Living Room and Kitchen. 2nd Floor has 2 Bedrooms and Full Bath. Lower Level has Bedroom or Game Room and Utility Room. Great sized deep double lot with detached garage! Implement your own personal touches and revive this property to its potential! Full cosmetic renovation needed here but the upside is well worth the effort! Perfect for any investor- tons of potential! Opportunities are endless!

17. 2024-10-24
    listed $19,999 Active 826-char remark

    Show marketing remark (826 chars)

    Heart of N Braddock! Amazing location!! This single family frame residence 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 project! Bring your contractors, architects, and designers! Use this blank canvas to create a great rental or Air BnB to generate passive income OR to renovate and resell. Main Floor has Living Room and Kitchen. 2nd Floor has 2 Bedrooms and Full Bath. Lower Level has Bedroom or Game Room and Utility Room. Great sized deep double lot with detached garage! Implement your own personal touches and revive this property to its potential! Full cosmetic renovation needed here but the upside is well worth the effort! Perfect for any investor- tons of potential! Opportunities are endless!

18. 2024-10-23
    historical Expired
19. 2024-05-06
    status Active
20. 2024-05-06
    price $20,000
21. 2024-02-25
    status Pending
22. 2024-01-18
    price $15,500
23. 2023-11-15
    price $16,500
24. 2023-10-24
    listed $17,500 Active
25. 1998-11-18
    soldstatus $34,000
26. 1998-11-12
    soldstatus $34,000
27. 1997-11-04
    listed $35,000

ⓘ 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 3/10 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: $15,306
• − Mortgage interest: −$1,120
• − Property taxes: −$300
• − Insurance: −$100
• − Repairs & maintenance: −$1,224
• − Management: −$1,224
• − Depreciation: −$582
• Taxable income: $10,755
• Est. tax owed @ 24.0%: −$2,581
• After-tax cash flow: $7,852/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: 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

-42.9% since first listed

13 events — show timeline

• 2025-10-24 Listed $19,999 West Penn MLS
• 2025-10-23 Delisted — West Penn MLS
• 2024-10-24 Listed $19,999 West Penn MLS
• 2024-10-23 Delisted — West Penn MLS
• 2024-05-06 Relisted — West Penn MLS
• 2024-05-06 Price Changed $20,000 West Penn MLS
• 2024-02-25 Pending — West Penn MLS
• 2024-01-18 Price Changed $15,500 West Penn MLS
• 2023-11-15 Price Changed $16,500 West Penn MLS
• 2023-10-24 Listed $17,500 West Penn MLS
• 1998-11-18 Sold (Public Records) $34,000 Public Records
• 1998-11-12 Sold (MLS) $34,000 West Penn MLS
• 1997-11-04 Listed $35,000 West Penn MLS

Property tax history

+5.7%/yr

Latest (2026): $1,796 · +2.9% YoY. Source: county tax records.