7 E Paxton Ave · Wheeling, WV 26003

$169,999

3 bd · 1.5 ba · 1,802 sqft · SingleFamily public records · 76 Days on market

Built 1905 4,792 sqft lot $94/sqft · 7% below area Est $182k · 7% under

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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 +12.2/30.0
• ARV discount +10.6/15.0
• DSCR +3.6/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right into this renovated home offering space, updates, and flexibility! Recent improvements include a roof, fresh paint inside and out, and an updated kitchen and bathrooms. The spacious layout features large rooms throughout, including a convenient first-floor bedroom. Enjoy both a main-level living room/dining and an additional family room on the second floor—perfect for extra living or entertaining space. Situated on a large gravel lot, this property offers plenty of parking and outdoor potential. A great opportunity for comfortable, updated living!

Key facts

• First-floor bedroom
• Renovated home
• Updated bathrooms

Tags

• RENOVATED HOME
• UPDATED KITCHEN
• UPDATED BATHROOMS
• FIRST-FLOOR BEDROOM
• MAIN-LEVEL LIVING ROOM
• ADDITIONAL FAMILY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-35 ($-416/yr) — negative.
• To cash-flow at today's rent, offer at most $164k (3.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (26.2% below list).
• Recommended offer: $126k (26.2% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.3% in Wheeling — 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 69/100 on livability (#74 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Ohio County Schools (urban): math 34% / reading 49% proficiency, ranked #5 of 55 in WV (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Elm Grove Elementary School (math 42% / reading 42%, grade F, #87 of 377 statewide, top 28%, 330 students, 0% FRL); Bridge Street Middle School (math 19% / reading 47%, grade F, #42 of 109 statewide, top 38%, 278 students, 0% FRL); Wheeling Park High School (math 27% / reading 57%, grade F, #14 of 110 statewide, top 16%, 1,490 students, 0% FRL) — zoned schools average 0% FRL vs 44% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.0%/yr); 228 active listings in the ZIP; 2 units permitted in Ohio County in 2024 (0 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.
• Ohio County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y ago; this cycle's ask has dropped $9k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $170k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,519 (26.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 B-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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 0.74% ✗
• Cap rate: 6.05%
• Cash-on-cash: -0.87%
• DSCR: 0.96
• GRM: 11.3

CMA / ARV

• ARV (median comp): $182,448
• List price: $169,999
• Delta: -6.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113 Center Ave	0.18mi	3/2.0	1,712 (-5%)	16mo	$143,000	$84	68
134 Columbia Ave	0.21mi	3/1.0	1,944 (+8%)	9mo	$130,950	$67	68
18 Barrows Rd	0.64mi	4/2.5 (+1)	1,824 (+1%)	1mo	$260,000	$143	58
121 Cracraft Ave	0.48mi	3/1.5	1,705 (-5%)	14mo	$93,000	$55	57
204 Jones St	0.19mi	4/2.0 (+1)	2,011 (+12%)	12mo	$175,000	$87	54
59 Monroe Ave	0.59mi	3/2.0	1,684 (-6%)	9mo	$153,400	$91	52
2470 National Rd	0.68mi	3/2.5	1,780 (-1%)	16mo	$152,000	$85	49
124 Atkinson Ave	0.54mi	3/1.5	1,617 (-10%)	17mo	$127,500	$79	44
6 Forest Ave	0.58mi	3/1.5	1,535 (-15%)	10mo	$170,000	$111	40
338 Springdale Ave	0.70mi	4/2.0 (+1)	1,980 (+10%)	7mo	$265,000	$134	38
2448 National Rd	0.64mi	2/1.5 (-1)	1,576 (-12%)	9mo	$158,000	$100	37
7 Englewood Ave	0.56mi	4/4.0 (+1)	1,951 (+8%)	13mo	$262,000	$134	34

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 · 3.03% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.37×
• Total profit: $-29,790
• Equity at exit: $25,347

10-year hold

• IRR: -9.9%
• Equity multiple: 0.39×
• Total profit: $-28,922
• Equity at exit: $14,698

Cash invested: $47,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State West Virginia: 83 Strongly Landlord-Friendly · R+22
• County: — inherits STATE
• City: — inherits STATE

Landlord-favorable; preempted; minimal protections.

Methodology + full state rankings →

ZIP-level market 26003

• Home prices YoY: -23.4%
• Rents YoY: 3.0%
• Active inventory: 228
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,255 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$64 /mo · $767/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $-35

Break-even live

Break-even rent $1,299

Max offer price $163,874

Occupancy floor 98%

Sensitivity live

Price	-10% $62	-5% $13	+0% $-35	+5% $-83	+10% $-131
Rent	-10% $-134	-5% $-84	+0% $-35	+5% $15	+10% $64
Rate	-1.0pp $51	-0.5pp $9	base $-35	+0.5pp $-79	+1.0pp $-124

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-22
   days on market $169,999 Active 76 DOM
2. 2026-06-21
   days on market $169,999 Active 75 DOM
3. 2026-06-19
   days on market $169,999 Active 73 DOM
4. 2026-06-18
   days on market $169,999 Active 72 DOM
5. 2026-06-17
   days on market $169,999 Active 71 DOM
6. 2026-06-16
   days on market $169,999 Active 70 DOM
7. 2026-06-15
   days on market $169,999 Active 69 DOM
8. 2026-06-14
   days on market $169,999 Active 67 DOM
9. 2026-06-12
   days on market $169,999 Active 66 DOM
10. 2026-06-09
    days on market $169,999 Active 63 DOM
11. 2026-06-08
    days on market $169,999 Active 62 DOM
12. 2026-06-07
    days on market $169,999 Active 61 DOM
13. 2026-06-05
    days on market $169,999 Active 58 DOM
14. 2026-06-03
    days on market $169,999 Active 57 DOM
15. 2026-06-02
    days on market $169,999 Active 56 DOM
16. 2026-06-01
    days on market $169,999 Active 55 DOM
17. 2026-05-31
    days on market $169,999 Active 54 DOM
18. 2026-05-30
    days on market $169,999 Active 53 DOM
19. 2026-05-09
    price $169,999 572-char remark

    Show marketing remark (572 chars)

    Move right into this renovated home offering space, updates, and flexibility! Recent improvements include a roof, fresh paint inside and out, and an updated kitchen and bathrooms. The spacious layout features large rooms throughout, including a convenient first-floor bedroom. Enjoy both a main-level living room/dining and an additional family room on the second floor—perfect for extra living or entertaining space. Situated on a large gravel lot, this property offers plenty of parking and outdoor potential. A great opportunity for comfortable, updated living!

20. 2026-05-05
    price $174,900 572-char remark

    Show marketing remark (572 chars)

    Move right into this renovated home offering space, updates, and flexibility! Recent improvements include a roof, fresh paint inside and out, and an updated kitchen and bathrooms. The spacious layout features large rooms throughout, including a convenient first-floor bedroom. Enjoy both a main-level living room/dining and an additional family room on the second floor—perfect for extra living or entertaining space. Situated on a large gravel lot, this property offers plenty of parking and outdoor potential. A great opportunity for comfortable, updated living!

21. 2026-04-07
    listed $179,000 Active 572-char remark

    Show marketing remark (572 chars)

    Move right into this renovated home offering space, updates, and flexibility! Recent improvements include a roof, fresh paint inside and out, and an updated kitchen and bathrooms. The spacious layout features large rooms throughout, including a convenient first-floor bedroom. Enjoy both a main-level living room/dining and an additional family room on the second floor—perfect for extra living or entertaining space. Situated on a large gravel lot, this property offers plenty of parking and outdoor potential. A great opportunity for comfortable, updated living!

22. 2024-12-12
    soldstatus $70,500 Closed 332-char remark

    Show marketing remark (332 chars)

    A diamond in the rough. If you put the work into the home, you should gain equity as Paxton is a nice neighborhood. The home features 4 bedrooms with one being captured, 2 full baths, and nice kitchen cabinets. Large front porch, perfect for relaxing on after a long day. The home does have a replacement electric panel and furnace.

23. 2024-12-12
    soldstatus $70,500

    Show marketing remark (332 chars)

    A diamond in the rough. If you put the work into the home, you should gain equity as Paxton is a nice neighborhood. The home features 4 bedrooms with one being captured, 2 full baths, and nice kitchen cabinets. Large front porch, perfect for relaxing on after a long day. The home does have a replacement electric panel and furnace.

24. 2024-11-08
    status Pending 332-char remark

    Show marketing remark (332 chars)

    A diamond in the rough. If you put the work into the home, you should gain equity as Paxton is a nice neighborhood. The home features 4 bedrooms with one being captured, 2 full baths, and nice kitchen cabinets. Large front porch, perfect for relaxing on after a long day. The home does have a replacement electric panel and furnace.

25. 2024-10-21
    listed $69,900 Active 332-char remark

    Show marketing remark (332 chars)

    A diamond in the rough. If you put the work into the home, you should gain equity as Paxton is a nice neighborhood. The home features 4 bedrooms with one being captured, 2 full baths, and nice kitchen cabinets. Large front porch, perfect for relaxing on after a long day. The home does have a replacement electric panel and furnace.

26. 2021-06-03
    soldstatus $1,022,600
27. 2003-04-29
    soldstatus $33,000
28. 2002-10-08
    listed $45,000
29. 1998-01-22
    soldstatus $63,000

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

Tax reassessment forecast WV · Resets to sale price

• Current annual tax: $767 · $64/mo
• Projected year-2 tax: $1,003 · $84/mo
• Expected delta: +$236/yr (+$20/mo · 30.7%)

ⓘ 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 8 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,062
• − Mortgage interest: −$9,523
• − Property taxes: −$767
• − Insurance: −$850
• − Repairs & maintenance: −$1,205
• − Management: −$1,205
• − Depreciation: −$4,945
• Taxable loss: −$3,433
• Est. tax savings @ 24.0%: +$824
• After-tax cash flow: $408/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: Ohio County Schools
• NCES district ID: 5401050
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $41,572
• Composite: 34.88/100
• National rank: #5085
• State rank: #5 of 55 in WV

Livability — Wheeling

• Score: 69/100
• State rank: #74
• US rank: #8950

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheeling, WV
• County: Ohio County · 39,982 people
• City population: 39,982
• Metro: Wheeling, WV-OH
• Population (ZIP): 39,982
• Household income: $57,703
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1630.0

Population outlook (Ohio County) Hauer SSP2

• Today (2025): 40,604 people
• By 2030: 39,150 · -3.6%
• By 2040: 36,039 · -11.2%
• By 2050: 33,582 · -17.3%
• By 2075: 28,662 · -29.4%
• By 2100: 22,963 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Serbian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Ohio

• 2024 margin: Strong R (+26.0) · D 36.0% · R 62.0% · Other 2.0%
• 2008→2024 swing: -15.3pp toward R · 2008: -10.8pp · 2024: -26.0pp
• All cycles: 2024: R+26.0 2020: R+25.8 2016: R+31.6 2012: R+22.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.09%
• Current HPI: 223.4106
• Rent YoY: ▲ 3.03%
• Metro: Wheeling, WV-OH
• State GDP YoY: —
• F500 in state: 0

Price history

+169.8% since first listed

11 events — show timeline

• 2026-05-09 Price Changed $169,999 WBOR
• 2026-05-05 Price Changed $174,900 WBOR
• 2026-04-07 Listed $179,000 WBOR
• 2024-12-12 Sold (Public Records) $70,500 Public Records
• 2024-12-12 Sold (MLS) $70,500 WBOR
• 2024-11-08 Pending — WBOR
• 2024-10-21 Listed $69,900 WBOR
• 2021-06-03 Sold (Public Records) $1,022,600 Public Records
• 2003-04-29 Sold (MLS) $33,000 WBOR
• 2002-10-08 Listed $45,000 WBOR
• 1998-01-22 Sold (Public Records) $63,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $767 · +4.6% YoY. Source: county tax records.