2744 Voelkel Ave · Dormont, PA 15216

$174,900

2 bd · 1.0 ba · 1,284 sqft · SingleFamily public records · 20 Days on market

Built 1910 2,970 sqft lot $136/sqft · 20% below area Est $218k · 20% under

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Why this score? — see what drove the C 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 +16.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.8/5.0
• Schools +4.7/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming opportunity in a convenient Pittsburgh location! This property is nestled in an established residential neighborhood with close proximity to local schools, shopping, dining, and major commuter routes. The surrounding area offers a blend of classic homes and a welcoming community atmosphere. Whether you're looking for a primary residence or an investment opportunity, this home presents great potential. Enjoy easy access to downtown Pittsburgh and nearby amenities while benefiting from a quieter neighborhood setting. Buyer to verify all property details, measurements, and condition.

Key facts

• Pittsburgh location
• 2,970 sq ft lot
• Built 1910

Tags

• PITTSBURGH LOCATION
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING
• QUIETER NEIGHBORHOOD SETTING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (0.3% below list).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 3.7% in Dormont — 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 95/100 on livability (#1 in PA, #1 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities A+.
• Keystone Oaks SD (suburban): math 45% / reading 65% proficiency, ranked #116 of 539 in PA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.6%/yr); 40 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $128k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $172,276 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.00% ✗
• Cap rate: 6.90%
• Cash-on-cash: 2.16%
• DSCR: 1.10
• GRM: 8.4

CMA / ARV

• ARV (median comp): $217,964
• List price: $174,900
• Delta: -19.76%
• 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
2500 Louisiana Ave	0.23mi	2/1.0	1,304 (+2%)	1mo	$142,000	$109	85
2805 Philadelphia Ave	0.18mi	3/2.0 (+1)	1,242 (-3%)	1mo	$280,000	$225	76
3027 Dwight Ave	0.34mi	3/1.5 (+1)	1,277 (-0%)	1mo	$336,000	$263	75
2616 Voelkel Ave	0.16mi	3/1.0 (+1)	1,388 (+8%)	1mo	$280,000	$202	73
2208 Saranac Ave	0.49mi	3/1.0 (+1)	1,320 (+3%)	2mo	$207,000	$157	66
1143 Wisconsin Ave	0.60mi	3/1.0 (+1)	1,320 (+3%)	1mo	$250,000	$189	62
1140 Arkansas Ave	0.58mi	3/1.5 (+1)	1,258 (-2%)	1mo	$257,500	$205	62
1307 Tennessee Ave	0.45mi	3/1.5 (+1)	1,180 (-8%)	1mo	$251,500	$213	58
2811 Knowlson Ave	0.66mi	3/1.5 (+1)	1,253 (-2%)	2mo	$255,000	$204	56
1115 Hillsdale Ave	0.66mi	3/1.5 (+1)	1,340 (+4%)	1mo	$267,000	$199	54
2337 Potomac Ave	0.65mi	3/2.5 (+1)	1,326 (+3%)	2mo	$244,500	$184	52
2467 Allender Ave	0.74mi	3/1.0 (+1)	1,140 (-11%)	1mo	$220,000	$193	41

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 · 3.61% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.56×
• Total profit: $-21,583
• Equity at exit: $26,078

10-year hold

• IRR: -2.0%
• Equity multiple: 0.86×
• Total profit: $-6,792
• Equity at exit: $15,122

Cash invested: $48,972 (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 15216

• Rents YoY: 3.6%
• Active inventory: 40
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,744 high
• Mortgage (P&I): −$917
• Tax from tax record: −$300 /mo · $3,598/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $88

Break-even live

Break-even rent $1,633

Max offer price $174,900

Occupancy floor 90%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2633 Broadway Ave Unit 1546230P Pittsburgh, PA	3.0	2.0	1356	$2,937	$2.17	12d	1	0.13mi
2611 Voelkel Ave Pittsburgh, PA	2.0	1.0	1100	$1,295	$1.18	24d	1	0.15mi
1775 Potomac Ave Unit 2 Pittsburgh, PA	2.0	1.0	925	$1,375	$1.49	44d	1	0.27mi
1346 Tennessee Ave Pittsburgh, PA	2.0	1.0	955	$1,225	$1.28	44d	1	0.40mi
1300 Kelton Ave #2 South Hills, PA	3.0	1.0	1276	$1,395	$1.09	14d	1	0.57mi
3031 Texas Ave Pittsburgh, PA	3.0	1.0	1225	$1,350	$1.10	44d	1	0.58mi
1200 Tennessee Ave Pittsburgh, PA	3.0	1.0	1000	$1,300	$1.30	24d	1	0.59mi
511 Woodbourne Ave Pittsburgh, PA	3.0	1.5	1500	$2,200	$1.47	10d	1	0.66mi
3056 Pinehurst Ave Unit 1 Pittsburgh, PA	2.0	1.0	1000	$1,200	$1.20	44d	1	0.69mi
920 Margarite Dr Unit D Pittsburgh, PA	2.0	1.0	996	$1,400	$1.41	44d	1	1.16mi
196 Jamestown Dr Pittsburgh, PA	2.0	1.5	990	$1,850	$1.87	4d	1	1.17mi
301 Chatham Park Dr Pittsburgh, PA	1.0–2.0	1.0–1.5	772	$1,789	$2.32	2d	15	1.21mi
300 Chatham Park Dr Pittsburgh, PA	3.0	1.0–2.5	890	$1,705	$1.92	2d	49	1.21mi
631 Shady Dr E Pittsburgh, PA	3.0	1.5	1426	$2,295	$1.61	2d	1	1.30mi

Listing history 29 events

1. 2026-06-18
   days on market $174,900 Active 20 DOM
2. 2026-06-18
   price $174,900 Active 19 DOM
3. 2026-06-17
   days on market $189,900 Active 19 DOM
4. 2026-06-16
   days on market $189,900 Active 18 DOM
5. 2026-06-15
   days on market $189,900 Active 17 DOM
6. 2026-06-13
   days on market $189,900 Active 15 DOM
7. 2026-06-13
   statusdays on market $189,900 Active 14 DOM
8. 2026-05-04
   status Pending 596-char remark

   Show marketing remark (596 chars)

   Charming opportunity in a convenient Pittsburgh location! This property is nestled in an established residential neighborhood with close proximity to local schools, shopping, dining, and major commuter routes. The surrounding area offers a blend of classic homes and a welcoming community atmosphere. Whether you're looking for a primary residence or an investment opportunity, this home presents great potential. Enjoy easy access to downtown Pittsburgh and nearby amenities while benefiting from a quieter neighborhood setting. Buyer to verify all property details, measurements, and condition.

9. 2026-04-22
   listed $189,900 Active 596-char remark

   Show marketing remark (596 chars)

   Charming opportunity in a convenient Pittsburgh location! This property is nestled in an established residential neighborhood with close proximity to local schools, shopping, dining, and major commuter routes. The surrounding area offers a blend of classic homes and a welcoming community atmosphere. Whether you're looking for a primary residence or an investment opportunity, this home presents great potential. Enjoy easy access to downtown Pittsburgh and nearby amenities while benefiting from a quieter neighborhood setting. Buyer to verify all property details, measurements, and condition.

10. 2022-04-26
    soldstatus $128,500
11. 2019-07-05
    historical Withdrawn 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

12. 2019-05-03
    price $139,900 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

13. 2019-04-07
    price $149,900 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

14. 2019-04-07
    status Active 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

15. 2019-02-15
    historical Withdrawn 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

16. 2018-11-11
    price $130,900 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

17. 2018-10-11
    listed $133,900 Active 494-char remark

    Show marketing remark (494 chars)

    Great location, close to shopping, restaurants, the T for easy excess to downtown and the South Hills. Keystone Oaks Schools too. Brick and siding dwelling offers Formal Living room, great Dining room & Kitchen combo with Gas Stove, Refrigerator, and Dishwasher. Second floor is Full Bath and 3 Bedrooms. Third Floor has an extra-large bedroom area. Nice deck off the kitchen with stairs that lead to rear fenced yard. Parking Pad can be installed in rear at extra cost at buyer's option.

18. 2014-10-01
    soldstatus $94,450
19. 2014-10-01
    price $94,450
20. 2014-09-30
    soldstatus $94,450
21. 2014-09-30
    price $103,900
22. 2014-08-13
    listed $103,900
23. 2008-05-27
    soldstatus $85,000
24. 2008-05-23
    soldstatus $85,000
25. 2008-03-18
    listed $83,900
26. 2004-06-29
    soldstatus $78,970
27. 2004-06-25
    soldstatus $78,970
28. 2004-02-19
    listed $78,000
29. 1980-03-06
    soldstatus $31,000

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

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $3,598 · $300/mo
• Projected year-2 tax: $3,598 · $300/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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,931
• − Mortgage interest: −$9,797
• − Property taxes: −$3,598
• − Insurance: −$874
• − Repairs & maintenance: −$1,674
• − Management: −$1,674
• − Depreciation: −$5,088
• Taxable loss: −$1,776
• Est. tax savings @ 24.0%: +$426
• After-tax cash flow: $1,482/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: Keystone Oaks SD
• NCES district ID: 4212750
• Math proficiency: 45% ▼ -15.00%
• Reading proficiency: 65% ▼ -8.00%
• Median HH income: $54,066
• Composite: 47.24/100
• National rank: #2314
• State rank: #116 of 539 in PA

Livability — Dormont

• Score: 95/100
• State rank: #1
• US rank: #1

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dormont, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 21,471
• Household income: $80,313
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 512.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 8% Slovak 2% Serbian 2%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -154.58%
• Current HPI: 272.8301
• Rent YoY: ▲ 3.61%
• 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

+512.6% since first listed

22 events — show timeline

• 2026-05-04 Pending — West Penn MLS
• 2026-04-22 Listed $189,900 West Penn MLS
• 2022-04-26 Sold (Public Records) $128,500 Public Records
• 2019-07-05 Delisted — West Penn MLS
• 2019-05-03 Price Changed $139,900 West Penn MLS
• 2019-04-07 Price Changed $149,900 West Penn MLS
• 2019-04-07 Relisted — West Penn MLS
• 2019-02-15 Delisted — West Penn MLS
• 2018-11-11 Price Changed $130,900 West Penn MLS
• 2018-10-11 Listed $133,900 West Penn MLS
• 2014-10-01 Sold (Public Records) $94,450 Public Records
• 2014-10-01 Price Changed $94,450 West Penn MLS
• 2014-09-30 Price Changed $103,900 West Penn MLS
• 2014-09-30 Sold (MLS) $94,450 West Penn MLS
• 2014-08-13 Listed $103,900 West Penn MLS
• 2008-05-27 Sold (Public Records) $85,000 Public Records
• 2008-05-23 Sold (MLS) $85,000 West Penn MLS
• 2008-03-18 Listed $83,900 West Penn MLS
• 2004-06-29 Sold (Public Records) $78,970 Public Records
• 2004-06-25 Sold (MLS) $78,970 West Penn MLS
• 2004-02-19 Listed $78,000 West Penn MLS
• 1980-03-06 Sold (Public Records) $31,000 Public Records

Property tax history

+3.6%/yr

Latest (2026): $3,598 · +6.1% YoY. Source: county tax records.