215 1st Ave · Waynesburg, PA 15370

$154,900

4 bd · 3.0 ba · 1,808 sqft · MultiFamily · 272 Days on market

Built 1904 4,281 sqft lot $86/sqft · 19% below area Est $192k · 19% under

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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 +6.1/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Looking for a great home with multi-generational living or rental potential? This fully renovated duplex i s a short walk to Waynesburg University. Easily adaptable to your needs, and move-in ready, all of the work has been done for you: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

Key facts

• Off street parking
• Laundry in basement
• Updated bathrooms

Tags

• FULLY RENOVATED DUPLEX
• UPDATED KITCHENS
• UPDATED BATHROOMS
• FRONT AND REAR ENTRANCES
• OFF STREET PARKING
• LAUNDRY IN BASEMENT

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath multifamily listed at $155k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#885 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Central Greene SD (town): math 24% / reading 40% proficiency, ranked #434 of 539 in PA (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 41 active listings in the ZIP; 30 units permitted in Greene County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($1k loan paydown + $3k appreciation (2.2% local appreciation)).
• Greene County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.2% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, 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 272 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $27k; list at $155k implies a 474% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 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 1904 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.30% ✓
• Cap rate: 19.77%
• Cash-on-cash: 48.13%
• DSCR: 3.14
• GRM: 3.6

CMA / ARV

• ARV (median comp): $192,072
• List price: $154,900
• Delta: -19.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

2.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 52.3%
• Equity multiple: 3.84×
• Total profit: $123,089
• Equity at exit: $62,822

10-year hold

• IRR: 52.7%
• Equity multiple: 7.72×
• Total profit: $291,260
• Equity at exit: $91,810

Cash invested: $43,372 (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 15370

• Home prices YoY: 1.3%
• Active inventory: 41
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $3,557 medium
• Mortgage (P&I): −$812
• Tax est. 1.5%: −$194 /mo · $2,324/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$747
• Net cashflow: $1,740

Break-even live

Break-even rent $1,355

Max offer price $154,900

Occupancy floor 46%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,186
▸ 2× units	2	2	$2,372
Total (3 units)			$3,557

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-19
   days on market $154,900 Active 272 DOM
2. 2026-06-18
   days on market $154,900 Active 271 DOM
3. 2026-06-17
   days on market $154,900 Active 270 DOM
4. 2026-06-16
   days on market $154,900 Active 269 DOM
5. 2026-06-15
   days on market $154,900 Active 268 DOM
6. 2026-06-14
   days on market $154,900 Active 266 DOM
7. 2026-06-13
   days on market $154,900 Active 265 DOM
8. 2026-06-10
   days on market $154,900 Active 263 DOM
9. 2026-06-09
   days on market $154,900 Active 262 DOM
10. 2026-06-08
    days on market $154,900 Active 261 DOM
11. 2026-06-07
    days on market $154,900 Active 260 DOM
12. 2026-06-05
    days on market $154,900 Active 257 DOM
13. 2026-06-03
    days on market $154,900 Active 256 DOM
14. 2026-06-02
    days on market $154,900 Active 255 DOM
15. 2026-06-01
    days on market $154,900 Active 254 DOM
16. 2026-05-31
    days on market $154,900 Active 253 DOM
17. 2026-05-30
    days on market $154,900 Active 252 DOM
18. 2026-04-02
    price $154,900 772-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

19. 2026-04-02
    price $154,900 690-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

20. 2025-12-09
    price $159,000 772-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

21. 2025-12-09
    price $159,000 690-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

22. 2025-10-21
    price $162,000 772-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

23. 2025-10-21
    price $162,000 690-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

24. 2025-09-20
    listed $169,000 Active 690-char remark

    Show marketing remark (690 chars)

    It's right here! Your next lucrative investment in this fully renovated duplex that's a short walk to Waynesburg University. All of the work has been done: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

25. 2025-09-19
    listed $169,000 Active 772-char remark

    Show marketing remark (772 chars)

    Looking for a great home with multi-generational living or rental potential? This fully renovated duplex i s a short walk to Waynesburg University. Easily adaptable to your needs, and move-in ready, all of the work has been done for you: new wiring, plumbing, and flooring. .. updated kitchens, bathrooms and fresh paint. The first floor is a sunny 2BR, 1 bath unit with front and rear entrances, off street parking and laundry in basement. Above is a 2-level, 2BR, 2 bath unit with it's own entrance, large kitchen and beautiful open 3rd floor space where you will find the 2nd bath, washer/dryer, and plenty of space for a gaming area, office, workout room, etc. There is a great front porch and rear decking that leads to the upper unit. Electric is separately metered.

26. 2025-04-24
    historical Expired
27. 2024-12-30
    status Active
28. 2024-11-14
    historical Contingent
29. 2024-10-24
    listed $150,000 Active
30. 2017-05-26
    soldstatus $27,000 Sold
31. 2017-05-16
    status Under Contract
32. 2017-05-02
    historical Contingent
33. 2017-03-23
    price $39,500
34. 2016-10-18
    price $42,500
35. 2016-08-04
    price $49,500
36. 2016-06-15
    listed $59,500 Active

ⓘ 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 4/10 Moderate 7 d/yr ≥96°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,684
• − Mortgage interest: −$8,677
• − Property taxes: −$2,324
• − Insurance: −$774
• − Repairs & maintenance: −$3,415
• − Management: −$3,415
• − Depreciation: −$4,506
• Taxable income: $19,574
• Est. tax owed @ 24.0%: −$4,698
• After-tax cash flow: $16,177/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: Central Greene SD
• NCES district ID: 4205430
• Math proficiency: 24% ▼ -15.00%
• Reading proficiency: 40% ▼ -16.00%
• Median HH income: $48,139
• Composite: 27.62/100
• National rank: #6926
• State rank: #434 of 539 in PA

Livability — Waynesburg

• Score: 68/100
• State rank: #885
• US rank: #9431

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waynesburg, PA
• Population (ZIP): 13,578

Population outlook (Greene County) Hauer SSP2

• Today (2025): 34,975 people
• By 2030: 33,554 · -4.1%
• By 2040: 30,615 · -12.5%
• By 2050: 27,819 · -20.5%
• By 2075: 21,678 · -38.0%
• By 2100: 16,318 · -53.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Black 6% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Serbian 2% Slovak 2%
• Foreign-born: 1% · Canada, China
• Languages at home: 97% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Greene

• 2024 margin: Solid R (+44.8) · D 26.6% · R 71.5% · Other 1.9%
• 2008→2024 swing: -44.4pp toward R · 2008: -0.4pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+43.4 2016: R+41.7 2012: R+17.6 2008: R+0.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.20%
• Current HPI: 175.8258
• 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

+160.3% since first listed

19 events — show timeline

• 2026-04-02 Price Changed $154,900 West Penn MLS
• 2026-04-02 Price Changed $154,900 West Penn MLS
• 2025-12-09 Price Changed $159,000 West Penn MLS
• 2025-12-09 Price Changed $159,000 West Penn MLS
• 2025-10-21 Price Changed $162,000 West Penn MLS
• 2025-10-21 Price Changed $162,000 West Penn MLS
• 2025-09-20 Listed $169,000 West Penn MLS
• 2025-09-19 Listed $169,000 West Penn MLS
• 2025-04-24 Delisted — West Penn MLS
• 2024-12-30 Relisted — West Penn MLS
• 2024-11-14 Contingent — West Penn MLS
• 2024-10-24 Listed $150,000 West Penn MLS
• 2017-05-26 Sold (MLS) $27,000 West Penn MLS
• 2017-05-16 Pending — West Penn MLS
• 2017-05-02 Contingent — West Penn MLS
• 2017-03-23 Price Changed $39,500 West Penn MLS
• 2016-10-18 Price Changed $42,500 West Penn MLS
• 2016-08-04 Price Changed $49,500 West Penn MLS
• 2016-06-15 Listed $59,500 West Penn MLS