152 W 15th Ave · Homestead, PA 15120

$39,900

2 bd · 1.0 ba · 1,184 sqft · SingleFamily public records · 134 Days on market

Built 1920 2,199 sqft lot $34/sqft · 49% below area Est $79k · 49% under ↓ 33% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment opportunity! Located on a pleasant street not far from 8th Avenue and close to the Homestead Grey's Bridge, the home is convenient to the Waterfront and to main driving routes to the city and the suburbs. Owner is in process of renovating. This is your chance to complete the renovations and turn this into a rental or owner occupied home.

Key facts

• Main driving routes
• 2,199 sq ft lot
• Parking

Tags

• INVESTMENT OPPORTUNITY
• CLOSE TO THE WATERFRONT
• MAIN DRIVING ROUTES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $679 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#366 in PA, #3,204 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Steel Valley SD (suburban): math 29% / reading 45% proficiency, ranked #403 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 92 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 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 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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 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?
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. 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.
9. 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.
10. 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: 3.15% ✓
• Cap rate: 26.72%
• Cash-on-cash: 72.95%
• DSCR: 4.25
• GRM: 2.6

CMA / ARV

• ARV (median comp): $78,686
• List price: $39,900
• Delta: -49.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
366 W 13th Ave	0.19mi	2/1.0	1,168 (-1%)	10mo	$70,000	$60	81
609 E 18th Ave	0.43mi	2/1.0	1,156 (-2%)	1mo	$36,000	$31	76
700 E 19th Ave	0.47mi	2/1.0	1,167 (-1%)	5mo	$100,000	$86	72
215 E 15th Ave	0.23mi	3/1.0 (+1)	1,122 (-5%)	8mo	$56,000	$50	69
2441 Dewey St	0.70mi	2/1.5	1,180 (-0%)	2mo	$239,900	$203	64
1714 Maple St	0.24mi	2/2.0	1,024 (-14%)	4mo	$73,250	$72	59
208 E 19th Ave	0.32mi	2/1.0	1,050 (-11%)	10mo	$140,007	$133	58
233 E 21st Ave	0.41mi	2/1.5	1,276 (+8%)	10mo	$179,400	$141	58
2444 Dewey St	0.70mi	2/1.0	1,060 (-10%)	0mo	$61,000	$58	50
135 Marham Rd	0.66mi	3/2.5 (+1)	1,222 (+3%)	10mo	$269,900	$221	44
3430 Lynnwood Dr	0.56mi	3/2.0 (+1)	1,357 (+15%)	2mo	$295,000	$217	39
293 W Schwab	0.70mi	3/2.0 (+1)	1,308 (+10%)	4mo	$105,000	$80	37

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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: 74.0%
• Equity multiple: 4.42×
• Total profit: $38,186
• Equity at exit: $5,949

10-year hold

• IRR: 78.1%
• Equity multiple: 9.49×
• Total profit: $94,805
• Equity at exit: $3,450

Cash invested: $11,172 (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 15120

• Home prices YoY: -16.9%
• Rents YoY: 4.1%
• Active inventory: 92
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,258 high
• Mortgage (P&I): −$209
• Tax from tax record: −$89 /mo · $1,062/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $679

Break-even live

Break-even rent $398

Max offer price $39,900

Occupancy floor 41%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 W 13th Ave Unit 302 Homestead, PA	2.0	1.0	1088	$1,150	$1.06	16d	1	0.11mi
300 W 13th Ave Homestead, PA	2.0	1.0	1088	$1,125	$1.03	16d	1	0.12mi
1900 Maple St Unit 4 Homestead, PA	1.0	1.0	1200	$1,400	$1.17	23d	1	0.28mi
2104 West St Unit 2R Munhall, PA	1.0	1.0	825	$950	$1.15	14d	1	0.33mi
2104 West St Unit 2F Munhall, PA	1.0	1.0	800	$940	$1.18	14d	1	0.33mi
811 West St Apt 1B Homestead, PA	1.0	1.0	750	$1,250	$1.67	43d	1	0.38mi
810 Amity St Unit 2 Homestead, PA	2.0	1.0	800	$995	$1.24	12d	1	0.41mi
623 E 18th Ave Homestead, PA	2.0	1.0	1156	$1,600	$1.38	43d	1	0.43mi
519 E 9th Ave Fl 1 Homestead, PA	1.0	1.0	900	$995	$1.11	10d	1	0.53mi
1254 Edgewood Dr Homestead, PA	3.0	1.0	1144	$1,725	$1.51	43d	1	0.56mi
621 E 9th Ave Homestead, PA	2.0	2.0	1400	$1,425	$1.02	23d	1	0.61mi
214 Vine St Homestead, PA	2.0	1.0	1034	$1,150	$1.11	43d	1	0.85mi
3305 W Run Rd Munhall, PA	2.0	1.0	1100	$1,365	$1.24	23d	1	0.85mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	14d	1	0.90mi
3705 Botsford St Apt 2 Munhall, PA	3.0	1.0	1000	$1,195	$1.20	43d	1	1.17mi

Listing history 16 events

1. 2026-06-18
   days on market $39,900 Active 134 DOM
2. 2026-06-17
   days on market $39,900 Active 133 DOM
3. 2026-06-16
   days on market $39,900 Active 132 DOM
4. 2026-06-15
   days on market $39,900 Active 131 DOM
5. 2026-06-13
   days on market $39,900 Active 129 DOM
6. 2026-06-09
   days on market $39,900 Active 125 DOM
7. 2026-06-08
   days on market $39,900 Active 124 DOM
8. 2026-06-07
   days on market $39,900 Active 123 DOM
9. 2026-06-05
   days on market $39,900 Active 120 DOM
10. 2026-06-03
    days on market $39,900 Active 119 DOM
11. 2026-06-02
    days on market $39,900 Active 118 DOM
12. 2026-06-01
    days on market $39,900 Active 117 DOM
13. 2026-05-31
    days on market $39,900 Active 116 DOM
14. 2026-04-13
    price $39,900 350-char remark

    Show marketing remark (350 chars)

    Investment opportunity! Located on a pleasant street not far from 8th Avenue and close to the Homestead Grey's Bridge, the home is convenient to the Waterfront and to main driving routes to the city and the suburbs. Owner is in process of renovating. This is your chance to complete the renovations and turn this into a rental or owner occupied home.

15. 2026-04-09
    price $49,900 350-char remark

    Show marketing remark (350 chars)

    Investment opportunity! Located on a pleasant street not far from 8th Avenue and close to the Homestead Grey's Bridge, the home is convenient to the Waterfront and to main driving routes to the city and the suburbs. Owner is in process of renovating. This is your chance to complete the renovations and turn this into a rental or owner occupied home.

16. 2026-02-04
    listed $59,900 Active 350-char remark

    Show marketing remark (350 chars)

    Investment opportunity! Located on a pleasant street not far from 8th Avenue and close to the Homestead Grey's Bridge, the home is convenient to the Waterfront and to main driving routes to the city and the suburbs. Owner is in process of renovating. This is your chance to complete the renovations and turn this into a rental or owner occupied home.

ⓘ 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: $1,062 · $89/mo
• Projected year-2 tax: $1,062 · $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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 17 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: $15,091
• − Mortgage interest: −$2,235
• − Property taxes: −$1,062
• − Insurance: −$200
• − Repairs & maintenance: −$1,207
• − Management: −$1,207
• − Depreciation: −$1,161
• Taxable income: $8,019
• Est. tax owed @ 24.0%: −$1,925
• After-tax cash flow: $6,225/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: Steel Valley SD
• NCES district ID: 4222790
• Math proficiency: 29% ▼ -1.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $39,505
• Composite: 30.94/100
• National rank: #6111
• State rank: #403 of 539 in PA

Livability — Homestead

• Score: 77/100
• State rank: #366
• US rank: #3204

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 18,029
• Household income: $55,714
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 669.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Black 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 3% · South Korea, Canada
• Languages at home: 95% English-only · Spanish 3% Russian/Polish/Slavic 1%

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: ▼ -59.52%
• Current HPI: 292.5607
• Rent YoY: ▲ 4.06%
• 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

-33.4% since first listed

3 events — show timeline

• 2026-04-13 Price Changed $39,900 West Penn MLS
• 2026-04-09 Price Changed $49,900 West Penn MLS
• 2026-02-04 Listed $59,900 West Penn MLS

Property tax history

+2.5%/yr

Latest (2026): $1,062 · +3.2% YoY. Source: county tax records.