318 Olinger St · Meyersdale, PA 15552

$69,000

3 bd · 1.0 ba · 1,536 sqft · SingleFamily public records · 120 Days on market

Built 1898 697 sqft lot $45/sqft · 47% below area Est $131k · 47% under ↓ 23% since listing

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Why this score? — see what drove the A- 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
• Appreciation +7.1/10.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this opportunity in the heart of Meyersdale, located within Somerset County. This classic two-story home offers the same layout and footprint as many beautifully restored properties in the area, providing an excellent foundation for transformation and value creation. This four bedroom home features spacious living areas, original woodwork full of character, and a solid structure ready for the next owner's vision. The generous floor plan allows for modern updates, including an open concept kitchen, refreshed finishes and personalized design touches to bring the home to its full potential. A major highlight of the property is the oversized two-car garage, offering excellent space for parking, storage or workshop use. The lot also provides room for outdoor enjoyment, gardening, or future enhancements. Whether you're an investor, flipper, or buyer looking to create a customized home with building equity, this property presents a rare chance to unlock significant value in an established neighborhood!

Key facts

• Great two car garage
• Classic charm
• Two story home

Tags

• TWO STORY HOME
• GREAT TWO CAR GARAGE
• CLASSIC CHARM
• OUTSTANDING POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $492 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $63k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#880 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Meyersdale Area SD (rural): math 38% / reading 64% proficiency, ranked #177 of 539 in PA (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 25 active listings in the ZIP; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($477 loan paydown + $3k appreciation (4.1% local appreciation)).
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.1% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1898 — 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: 1.79% ✓
• Cap rate: 14.85%
• Cash-on-cash: 30.58%
• DSCR: 2.36
• GRM: 4.7

CMA / ARV

• ARV (median comp): $131,415
• List price: $69,000
• Delta: -47.49%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
118 Olinger St	0.20mi	3/2.0	1,536 (0%)	3mo	$170,500	$111	84
314 Olinger St	0.02mi	3/1.5	1,496 (-3%)	12mo	$130,000	$87	83
314 Broadway St	0.13mi	4/2.0 (+1)	1,578 (+3%)	15mo	$115,000	$73	68
223 Olinger St	0.12mi	3/1.5	1,652 (+8%)	20mo	$140,000	$85	63
725 Grant Street Ext	0.35mi	4/2.0 (+1)	1,684 (+10%)	6mo	$130,000	$77	53
310 Bottom Ave	0.69mi	3/2.0	1,404 (-9%)	2mo	$155,000	$110	48
237 Lincoln Ave	0.41mi	3/1.5	1,680 (+9%)	22mo	$63,600	$38	46
475 Lincoln Ave Ext	0.54mi	4/2.0 (+1)	1,368 (-11%)	7mo	$165,000	$121	42
122 Market St	0.37mi	4/1.0 (+1)	1,727 (+12%)	22mo	$48,000	$28	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.3%
• Equity multiple: 3.27×
• Total profit: $43,848
• Equity at exit: $35,448

10-year hold

• IRR: 37.2%
• Equity multiple: 6.55×
• Total profit: $107,297
• Equity at exit: $58,351

Cash invested: $19,320 (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 15552

• Home prices YoY: 2.8%
• Active inventory: 25
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,235 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$93 /mo · $1,112/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $492

Break-even live

Break-even rent $612

Max offer price $69,000

Occupancy floor 55%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-16
   days on market $69,000 Active 120 DOM
2. 2026-06-15
   days on market $69,000 Active 119 DOM
3. 2026-06-13
   days on market $69,000 Active 117 DOM
4. 2026-06-12
   days on market $69,000 Active 116 DOM
5. 2026-06-09
   days on market $69,000 Active 113 DOM
6. 2026-06-08
   days on market $69,000 Active 112 DOM
7. 2026-06-08
   days on market $69,000 Active 111 DOM
8. 2026-06-07
   days on market $69,000 Active 110 DOM
9. 2026-06-04
   days on market $69,000 Active 107 DOM
10. 2026-06-02
    days on market $69,000 Active 106 DOM
11. 2026-06-01
    days on market $69,000 Active 105 DOM
12. 2026-05-31
    days on market $69,000 Active 104 DOM
13. 2026-04-15
    price $69,000 1021-char remark

    Show marketing remark (1021 chars)

    Welcome to this opportunity in the heart of Meyersdale, located within Somerset County. This classic two-story home offers the same layout and footprint as many beautifully restored properties in the area, providing an excellent foundation for transformation and value creation. This four bedroom home features spacious living areas, original woodwork full of character, and a solid structure ready for the next owner's vision. The generous floor plan allows for modern updates, including an open concept kitchen, refreshed finishes and personalized design touches to bring the home to its full potential. A major highlight of the property is the oversized two-car garage, offering excellent space for parking, storage or workshop use. The lot also provides room for outdoor enjoyment, gardening, or future enhancements. Whether you're an investor, flipper, or buyer looking to create a customized home with building equity, this property presents a rare chance to unlock significant value in an established neighborhood!

14. 2026-03-11
    price $74,000 1021-char remark

    Show marketing remark (1021 chars)

    Welcome to this opportunity in the heart of Meyersdale, located within Somerset County. This classic two-story home offers the same layout and footprint as many beautifully restored properties in the area, providing an excellent foundation for transformation and value creation. This four bedroom home features spacious living areas, original woodwork full of character, and a solid structure ready for the next owner's vision. The generous floor plan allows for modern updates, including an open concept kitchen, refreshed finishes and personalized design touches to bring the home to its full potential. A major highlight of the property is the oversized two-car garage, offering excellent space for parking, storage or workshop use. The lot also provides room for outdoor enjoyment, gardening, or future enhancements. Whether you're an investor, flipper, or buyer looking to create a customized home with building equity, this property presents a rare chance to unlock significant value in an established neighborhood!

15. 2026-02-16
    listed $79,000 Active 1021-char remark

    Show marketing remark (1021 chars)

    Welcome to this opportunity in the heart of Meyersdale, located within Somerset County. This classic two-story home offers the same layout and footprint as many beautifully restored properties in the area, providing an excellent foundation for transformation and value creation. This four bedroom home features spacious living areas, original woodwork full of character, and a solid structure ready for the next owner's vision. The generous floor plan allows for modern updates, including an open concept kitchen, refreshed finishes and personalized design touches to bring the home to its full potential. A major highlight of the property is the oversized two-car garage, offering excellent space for parking, storage or workshop use. The lot also provides room for outdoor enjoyment, gardening, or future enhancements. Whether you're an investor, flipper, or buyer looking to create a customized home with building equity, this property presents a rare chance to unlock significant value in an established neighborhood!

16. 2019-03-24
    listed $89,900 443-char remark

    Show marketing remark (443 chars)

    Room to roam in this 2 Story HOME! First floor master bedroom with en-suite makes this home one level living! Boasting a large family room or dining room with built in cabinets for all your nic-naks! Walk back to the cozy kitchen and enjoy the view out to the fenced in back yard! Living room has gas burning fireplace and a great view of the backyard pool! Three season porch for sitting. Garage is outback and easy access with extra storage.

ⓘ 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: $1,112 · $93/mo
• Projected year-2 tax: $1,112 · $93/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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,820
• − Mortgage interest: −$3,865
• − Property taxes: −$1,112
• − Insurance: −$345
• − Repairs & maintenance: −$1,186
• − Management: −$1,186
• − Depreciation: −$2,007
• Taxable income: $5,119
• Est. tax owed @ 24.0%: −$1,228
• After-tax cash flow: $4,679/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: Meyersdale Area SD
• NCES district ID: 4215150
• Math proficiency: 38% ▼ -12.00%
• Reading proficiency: 64% ▼ -6.00%
• Median HH income: $42,823
• Composite: 42.83/100
• National rank: #3137
• State rank: #177 of 539 in PA

Livability — Meyersdale

• Score: 68/100
• State rank: #880
• US rank: #9398

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meyersdale, PA
• Population (ZIP): 5,551

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Iranian 2% Polish 2% Lithuanian 2%
• Languages at home: 88% English-only · German/W. Germanic 12% Spanish 1%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.11%
• Current HPI: 153.4081
• Rent YoY: —
• Metro: —
• 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

-23.2% since first listed

4 events — show timeline

• 2026-04-15 Price Changed $69,000 CSMLS
• 2026-03-11 Price Changed $74,000 CSMLS
• 2026-02-16 Listed $79,000 CSMLS
• 2019-03-24 Listed $89,900 West Penn MLS

Property tax history

+1.0%/yr

Latest (2026): $1,112 · +0.0% YoY. Source: county tax records.