214 Fleet St · Rankin, PA 15104

$59,900

2 bd · 1.0 ba · 1,136 sqft · Townhouse public records · 52 Days on market

Built 1925 1,398 sqft lot $53/sqft · at area comps Est $58k · at est.

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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 +6.4/15.0
• Appreciation +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Welcome to 214 Fleet St, a solid brick townhouse featuring a variety of modern interior updates and mechanical upgrades. Located within two miles of the Waterfront’s premier shopping, dining, and entertainment district, this property offers a functional floor plan and high-contrast aesthetic. The main level features wide-plank flooring and a living room highlighted by a floor-to-ceiling stone-veneer accent wall. The kitchen has been updated with gray cabinetry, a gas range, and a matching stainless exhaust hood. Upstairs, you will find two spacious bedrooms and a full bathroom updated with large-format tile and modern matte black hardware. Notable upgrades include a Central Air conditioning system and a newer water heater. The property also features a full basement for laundry and storage, a covered front porch, and a rear patio area. With annual taxes at approximately $741, this is an excellent opportunity for those looking to stop renting or expand a portfolio in a convenient location.

Key facts

• Laundry area
• Newer water heater
• Central air

Tags

• SOLID BRICK TOWNHOUSE
• NEWER WATER HEATER
• CENTRAL AIR
• UPDATED UPPER-LEVEL BATH
• DRY AND FUNCTIONAL BASEMENT
• LAUNDRY AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $60k.

Deal economics

• At list price, monthly cash flow is $506 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#431 in PA, #3,947 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living A+; Watch: schools F, amenities F, employment F.
• Woodland Hills SD (suburban): math 13% / reading 30% proficiency, ranked #486 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 37 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 37% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.6%/yr); year-one equity from $414 of loan paydown is wiped out by about $971 of value loss. Plan a longer hold.
• At projected returns (-1.6% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 3y ago; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $21k; list at $60k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 2.04% ✓
• Cap rate: 17.54%
• Cash-on-cash: 40.16%
• DSCR: 2.79
• GRM: 4.1

CMA / ARV

• ARV (median comp): $58,416
• List price: $59,900
• Delta: 2.54%
• Verdict: FAIR
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
141 Rankin Blvd	0.25mi	3/1.0 (+1)	1,200 (+6%)	23mo	$70,000	$58	55
109 Miller Ave	0.75mi	3/2.0 (+1)	1,232 (+8%)	18mo	$102,000	$83	27

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

Projected returns pro-forma

-1.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.4%
• Equity multiple: 2.56×
• Total profit: $26,084
• Equity at exit: $12,691

10-year hold

• IRR: 39.6%
• Equity multiple: 5.03×
• Total profit: $67,589
• Equity at exit: $11,872

Cash invested: $16,772 (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 15104

• Home prices YoY: -1.1%
• Active inventory: 37
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,220 high
• Mortgage (P&I): −$314
• Tax from tax record: −$64 /mo · $763/yr
• Insurance: −$25
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $506

Break-even live

Break-even rent $580

Max offer price $59,900

Occupancy floor 54%

Sensitivity live

Price	-10% $540	-5% $523	+0% $506	+5% $489	+10% $472
Rent	-10% $409	-5% $458	+0% $506	+5% $554	+10% $602
Rate	-1.0pp $536	-0.5pp $521	base $506	+0.5pp $490	+1.0pp $474

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 Kenmawr Ave Braddock, PA	2.0	1.5	1417	$1,300	$0.92	44d	1	0.15mi
144 Comrie Ave Braddock, PA	3.0	1.0	1000	$1,250	$1.25	24d	1	0.21mi
2673 Woodstock Ave Pittsburgh, PA	3.0	1.0	1000	$1,190	$1.19	24d	1	0.41mi
537 6th St Braddock, PA	3.0	1.0	1360	$1,400	$1.03	44d	1	0.56mi
207 Montana Ave Pittsburgh, PA	2.0	1.0	840	$1,000	$1.19	24d	1	0.67mi
7645 Highland Ave Pittsburgh, PA	3.0	1.0	1161	$1,325	$1.14	8d	1	0.77mi
817 Kirkpatrick Ave Unit 8171-A Braddock, PA	2.0	1.0	866	$800	$0.92	44d	1	0.80mi
2255 Hawthorne Ave Unit 2255 Swissvale, PA	2.0	1.0	1020	$1,000	$0.98	13d	1	0.89mi
2323 Patterson Ave Pittsburgh, PA	3.0	1.0	1440	$1,800	$1.25	44d	1	0.92mi
2323 Patterson Ave Unit NA Pittsburgh, PA	3.0	1.0	1440	$1,500	$1.04	24d	1	0.92mi
7801 Lloyd Ave Unit 105 Pittsburgh, PA	1.0	1.0	750	$970	$1.29	24d	1	0.95mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	15d	1	0.95mi
214 Vine St Homestead, PA	2.0	1.0	1034	$1,150	$1.11	44d	1	0.98mi
2121 Milligan Ave Unit 6 Pittsburgh, PA	2.0	1.0	800	$1,300	$1.62	5d	1	1.02mi
2121 Milligan Ave Unit 3 Pittsburgh, PA	2.0	1.0	800	$1,195	$1.49	44d	1	1.02mi
1003 Smokey Wood Dr Swissvale, PA	1.0–2.0	1.0	874	$1,475	$1.69	5d	4	1.08mi
7467 Schoyer Ave Pittsburgh, PA	1.0	1.0	900	$895	$0.99	3d	1	1.31mi
623 E 18th Ave Homestead, PA	2.0	1.0	1156	$1,600	$1.38	44d	1	1.40mi
621 E 9th Ave Homestead, PA	2.0	2.0	1400	$1,425	$1.02	24d	1	1.42mi
7122 Harrison Ave Unit 1 Pittsburgh, PA	1.0	1.0	820	$1,100	$1.34	17d	1	1.46mi
227 Parklane Dr Unit Parklane Dr unit North Braddock, PA	3.0	1.0	1107	$1,500	$1.36	13d	1	1.50mi

Listing history 30 events

1. 2026-06-01
   days on market $59,900 Active 52 DOM
2. 2026-05-31
   days on market $59,900 Active 51 DOM
3. 2026-05-13
   price $59,900 1008-char remark

   Show marketing remark (1008 chars)

   Welcome to 214 Fleet St, a solid brick townhouse featuring a variety of modern interior updates and mechanical upgrades. Located within two miles of the Waterfront’s premier shopping, dining, and entertainment district, this property offers a functional floor plan and high-contrast aesthetic. The main level features wide-plank flooring and a living room highlighted by a floor-to-ceiling stone-veneer accent wall. The kitchen has been updated with gray cabinetry, a gas range, and a matching stainless exhaust hood. Upstairs, you will find two spacious bedrooms and a full bathroom updated with large-format tile and modern matte black hardware. Notable upgrades include a Central Air conditioning system and a newer water heater. The property also features a full basement for laundry and storage, a covered front porch, and a rear patio area. With annual taxes at approximately $741, this is an excellent opportunity for those looking to stop renting or expand a portfolio in a convenient location.

4. 2026-04-25
   status Active 1008-char remark

   Show marketing remark (1008 chars)

   Welcome to 214 Fleet St, a solid brick townhouse featuring a variety of modern interior updates and mechanical upgrades. Located within two miles of the Waterfront’s premier shopping, dining, and entertainment district, this property offers a functional floor plan and high-contrast aesthetic. The main level features wide-plank flooring and a living room highlighted by a floor-to-ceiling stone-veneer accent wall. The kitchen has been updated with gray cabinetry, a gas range, and a matching stainless exhaust hood. Upstairs, you will find two spacious bedrooms and a full bathroom updated with large-format tile and modern matte black hardware. Notable upgrades include a Central Air conditioning system and a newer water heater. The property also features a full basement for laundry and storage, a covered front porch, and a rear patio area. With annual taxes at approximately $741, this is an excellent opportunity for those looking to stop renting or expand a portfolio in a convenient location.

5. 2026-04-12
   historical Contingent 1008-char remark

   Show marketing remark (1008 chars)

   Welcome to 214 Fleet St, a solid brick townhouse featuring a variety of modern interior updates and mechanical upgrades. Located within two miles of the Waterfront’s premier shopping, dining, and entertainment district, this property offers a functional floor plan and high-contrast aesthetic. The main level features wide-plank flooring and a living room highlighted by a floor-to-ceiling stone-veneer accent wall. The kitchen has been updated with gray cabinetry, a gas range, and a matching stainless exhaust hood. Upstairs, you will find two spacious bedrooms and a full bathroom updated with large-format tile and modern matte black hardware. Notable upgrades include a Central Air conditioning system and a newer water heater. The property also features a full basement for laundry and storage, a covered front porch, and a rear patio area. With annual taxes at approximately $741, this is an excellent opportunity for those looking to stop renting or expand a portfolio in a convenient location.

6. 2026-04-10
   listed $65,000 Active 1008-char remark

   Show marketing remark (1008 chars)

   Welcome to 214 Fleet St, a solid brick townhouse featuring a variety of modern interior updates and mechanical upgrades. Located within two miles of the Waterfront’s premier shopping, dining, and entertainment district, this property offers a functional floor plan and high-contrast aesthetic. The main level features wide-plank flooring and a living room highlighted by a floor-to-ceiling stone-veneer accent wall. The kitchen has been updated with gray cabinetry, a gas range, and a matching stainless exhaust hood. Upstairs, you will find two spacious bedrooms and a full bathroom updated with large-format tile and modern matte black hardware. Notable upgrades include a Central Air conditioning system and a newer water heater. The property also features a full basement for laundry and storage, a covered front porch, and a rear patio area. With annual taxes at approximately $741, this is an excellent opportunity for those looking to stop renting or expand a portfolio in a convenient location.

7. 2026-02-03
   price $52,900
8. 2025-12-27
   price $56,900
9. 2025-12-21
   status Active
10. 2025-12-03
    status Active
11. 2025-12-03
    price $59,900
12. 2025-10-09
    status Pending
13. 2025-09-30
    status Active
14. 2025-09-18
    historical Contingent
15. 2025-09-14
    status Active
16. 2025-09-09
    historical
17. 2025-09-08
    price $66,300
18. 2025-08-12
    listed $74,900 Active
19. 2025-07-28
    historical Expired
20. 2025-06-03
    price $85,000
21. 2025-04-30
    listed $95,000 Active
22. 2025-03-07
    historical Expired
23. 2025-01-30
    price $100,000
24. 2024-12-13
    listed $125,000 Active
25. 2024-05-14
    soldstatus $21,000
26. 2024-02-28
    soldstatus $600,000
27. 2024-02-22
    soldstatus $8,000 Closed
28. 2024-01-30
    status Pending
29. 2023-10-27
    listed $25,900 Active
30. 2017-09-25
    soldstatus $26,000

ⓘ 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: $763 · $64/mo
• Projected year-2 tax: $855 · $71/mo
• Expected delta: +$92/yr (+$8/mo · 12.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,642
• − Mortgage interest: −$3,355
• − Property taxes: −$763
• − Insurance: −$966
• − Repairs & maintenance: −$1,171
• − Management: −$1,171
• − Depreciation: −$1,743
• Taxable income: $5,473
• Est. tax owed @ 24.0%: −$1,313
• After-tax cash flow: $4,755/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: Woodland Hills SD
• NCES district ID: 4216500
• Math proficiency: 13% ▼ -13.00%
• Reading proficiency: 30% ▼ -10.00%
• Median HH income: $41,803
• Composite: 18.31/100
• National rank: #8954
• State rank: #486 of 539 in PA

Livability — Rankin

• Score: 75/100
• State rank: #431
• US rank: #3947

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rankin, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 8,034
• Household income: $40,104
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 515.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 31% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Hispanic 1% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -1.62%
• Current HPI: 138.912
• Rent YoY: —
• 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

+130.4% since first listed

28 events — show timeline

• 2026-05-13 Price Changed $59,900 West Penn MLS
• 2026-04-25 Relisted — West Penn MLS
• 2026-04-12 Contingent — West Penn MLS
• 2026-04-10 Listed $65,000 West Penn MLS
• 2026-02-03 Price Changed $52,900 West Penn MLS
• 2025-12-27 Price Changed $56,900 West Penn MLS
• 2025-12-21 Relisted — West Penn MLS
• 2025-12-03 Relisted — West Penn MLS
• 2025-12-03 Price Changed $59,900 West Penn MLS
• 2025-10-09 Pending — West Penn MLS
• 2025-09-30 Relisted — West Penn MLS
• 2025-09-18 Contingent — West Penn MLS
• 2025-09-14 Relisted — West Penn MLS
• 2025-09-09 Delisted — West Penn MLS
• 2025-09-08 Price Changed $66,300 West Penn MLS
• 2025-08-12 Listed $74,900 West Penn MLS
• 2025-07-28 Delisted — West Penn MLS
• 2025-06-03 Price Changed $85,000 West Penn MLS
• 2025-04-30 Listed $95,000 West Penn MLS
• 2025-03-07 Delisted — West Penn MLS
• 2025-01-30 Price Changed $100,000 West Penn MLS
• 2024-12-13 Listed $125,000 West Penn MLS
• 2024-05-14 Sold (Public Records) $21,000 Public Records
• 2024-02-28 Sold (Public Records) $600,000 Public Records
• 2024-02-22 Sold (MLS) $8,000 BRIGHT MLS
• 2024-01-30 Pending — BRIGHT MLS
• 2023-10-27 Listed $25,900 BRIGHT MLS
• 2017-09-25 Sold (Public Records) $26,000 Public Records

Property tax history

+15.3%/yr

Latest (2026): $763 · +3.0% YoY. Source: county tax records.