212 S 2nd St · Altoona, PA 16602

$50,000

3 bd · 1.0 ba · 1,285 sqft · SingleFamily · 1 Days on market

Built 1926 2,178 sqft lot

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Why this score? — see what drove the B- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained 3 BR brick home in nice quiet neighborhood. Off street parking, low maintenance fenced yard with nice rear deck. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bdrm Motivated Seller!! East End area. .. Solid 3-4 BR brick home in nice quiet neighborhood with a park nearby. Off street parking, low maintenance fenced yard with nice rear deck. Good Mechanics. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bedroom. Lg. inviting front porch has unique brick work and built in planters. Bedrooms freshly painted. Workbench, some cupboards and deep freezer in bsmt are included. Seller is offering a $1000 carpet allowance. Call Deb for more details at 931-2997.

Key facts

• Newer roof
• Off-street parking
• 2,178 sq ft lot

Tags

• OFF-STREET PARKING
• NEWER ROOF

Property features AI

Exterior

• Utilities: Public water
• Home design: Single-family residence; Two levels
• Construction: Aluminum siding; Brick; Metal roof
• Exterior features: Deck; Porch; Level lot

Interior

• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating (hot water); Ceiling fan(s)
• Interior features: Walk-in closet(s); Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($990 rent vs $50k).
• Cap rate 16.1% vs local median 5.8% in Altoona — 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 79/100 on livability (#237 in PA, #2,060 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Altoona Area SD (urban): math 30% / reading 44% proficiency, ranked #406 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 151 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Blair County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,000

Questions for the listing agent

1. Built in 1926 — 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 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?
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: 1.98% ✓
• Cap rate: 16.14%
• Cash-on-cash: 35.16%
• DSCR: 2.56
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $123,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 E Logan Ave	0.40mi	3/1.5	1,302 (+1%)	1mo	$211,000	$162	76
224 Hudson Ave	0.25mi	3/1.0	1,200 (-7%)	2mo	$170,000	$142	76
408 Bell Ave	0.21mi	3/2.0	1,314 (+2%)	8mo	$122,000	$93	76
224 E 3rd Ave	0.32mi	3/1.0	1,377 (+7%)	0mo	$98,700	$72	73
409 2nd St	0.30mi	3/1.0	1,148 (-11%)	1mo	$12,500	$11	67
801 3rd Ave	0.53mi	2/1.0 (-1)	1,288 (+0%)	9mo	$35,000	$27	63
518 E Walton Ave	0.46mi	3/1.0	1,196 (-7%)	6mo	$190,000	$159	62
431 E Logan Ave	0.45mi	3/1.0	1,380 (+7%)	8mo	$189,900	$138	60
830 E Walton Ave	0.73mi	3/1.0	1,330 (+4%)	2mo	$157,900	$119	59
425 E Logan Ave	0.44mi	3/1.0	1,406 (+9%)	7mo	$135,000	$96	58
712 Logan Ave	0.51mi	3/1.0	1,403 (+9%)	9mo	$88,000	$63	54
921 6th Ave	0.72mi	3/1.0	1,172 (-9%)	1mo	$13,000	$11	51

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.8%
• Equity multiple: 2.29×
• Total profit: $18,054
• Equity at exit: $7,455

10-year hold

• IRR: 38.0%
• Equity multiple: 4.53×
• Total profit: $49,487
• Equity at exit: $4,323

Cash invested: $14,000 (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 16602

• Home prices YoY: -30.3%
• Active inventory: 151
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $990 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$89 /mo · $1,066/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $410

Break-even live

Break-even rent $471

Max offer price $50,000

Occupancy floor 54%

Sensitivity live

Price	-10% $438	-5% $424	+0% $410	+5% $396	+10% $382
Rent	-10% $332	-5% $371	+0% $410	+5% $449	+10% $488
Rate	-1.0pp $435	-0.5pp $423	base $410	+0.5pp $397	+1.0pp $384

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 2nd Ave Unit 2nd Fl Altoona, PA	3.0	1.0	1244	$790	$0.64	44d	1	0.12mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	44d	9	0.85mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	44d	1	1.18mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	44d	1	1.23mi

Listing history 6 events

1. 2026-05-14
   status Pending
2. 2026-05-13
   listed $50,000 Active
3. 2006-11-27
   soldstatus $57,000 821-char remark

   Show marketing remark (821 chars)

   Well maintained 3 BR brick home in nice quiet neighborhood. Off street parking, low maintenance fenced yard with nice rear deck. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bdrm Motivated Seller!! East End area. .. Solid 3-4 BR brick home in nice quiet neighborhood with a park nearby. Off street parking, low maintenance fenced yard with nice rear deck. Good Mechanics. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bedroom. Lg. inviting front porch has unique brick work and built in planters. Bedrooms freshly painted. Workbench, some cupboards and deep freezer in bsmt are included. Seller is offering a $1000 carpet allowance. Call Deb for more details at 931-2997.

4. 2006-11-27
   soldstatus $57,000

   Show marketing remark (821 chars)

   Well maintained 3 BR brick home in nice quiet neighborhood. Off street parking, low maintenance fenced yard with nice rear deck. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bdrm Motivated Seller!! East End area. .. Solid 3-4 BR brick home in nice quiet neighborhood with a park nearby. Off street parking, low maintenance fenced yard with nice rear deck. Good Mechanics. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bedroom. Lg. inviting front porch has unique brick work and built in planters. Bedrooms freshly painted. Workbench, some cupboards and deep freezer in bsmt are included. Seller is offering a $1000 carpet allowance. Call Deb for more details at 931-2997.

5. 2005-08-24
   listed $59,900 821-char remark

   Show marketing remark (821 chars)

   Well maintained 3 BR brick home in nice quiet neighborhood. Off street parking, low maintenance fenced yard with nice rear deck. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bdrm Motivated Seller!! East End area. .. Solid 3-4 BR brick home in nice quiet neighborhood with a park nearby. Off street parking, low maintenance fenced yard with nice rear deck. Good Mechanics. Living room with big bay window, formal dining room, eat-in kitchen, plus addition in back could be den/office or extra bedroom. Lg. inviting front porch has unique brick work and built in planters. Bedrooms freshly painted. Workbench, some cupboards and deep freezer in bsmt are included. Seller is offering a $1000 carpet allowance. Call Deb for more details at 931-2997.

6. 1976-05-01
   soldstatus $6,000

ⓘ 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: $1,066 · $89/mo
• Projected year-2 tax: $1,066 · $89/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,879
• − Mortgage interest: −$2,801
• − Property taxes: −$1,066
• − Insurance: −$250
• − Repairs & maintenance: −$950
• − Management: −$950
• − Depreciation: −$1,455
• Taxable income: $4,407
• Est. tax owed @ 24.0%: −$1,058
• After-tax cash flow: $3,864/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: Altoona Area SD
• NCES district ID: 4202340
• Math proficiency: 30% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $38,465
• Composite: 30.85/100
• National rank: #6130
• State rank: #406 of 539 in PA

Livability — Altoona

• Score: 79/100
• State rank: #237
• US rank: #2060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altoona, PA
• County: Blair County · 59,867 people
• City population: 59,867
• Metro: Altoona, PA
• Population (ZIP): 26,352
• Household income: $55,046
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 740.0

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Lithuanian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -92.37%
• Current HPI: 212.2268
• Rent YoY: —
• Metro: Altoona, 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

+733.3% since first listed

6 events — show timeline

• 2026-05-14 Pending — AHARMLS
• 2026-05-13 Listed $50,000 AHARMLS
• 2006-11-27 Sold (Public Records) $57,000 Public Records
• 2006-11-27 Sold (MLS) $57,000 AHARMLS
• 2005-08-24 Listed $59,900 AHARMLS
• 1976-05-01 Sold (Public Records) $6,000 Public Records

Property tax history

-10.1%/yr

Latest (2025): $1,066 · +13.0% YoY. Source: county tax records.