202 Bell Ave · Altoona, PA 16602

$85,000

3 bd · 1.5 ba · 1,617 sqft · SingleFamily · 83 Days on market

Built 1920 3,049 sqft lot $53/sqft · 16% below area Est $101k · 16% under

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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 +26.5/30.0
• ARV discount +14.8/15.0
• DSCR +9.0/10.0
• 1% rule +6.9/10.0
• 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

Affordable 3-bedroom home in Altoona offering classic character and great potential. The main level features a spacious living room with fireplace, an oak kitchen with ample cabinetry, and a convenient laundry room with half bath just off the kitchen. Upstairs offers three bedrooms and a full bath, plus a finished attic providing additional flexible living space. Exterior highlights include a covered front porch and a recently added rear deck. Situated on a manageable lot with public utilities and low taxes, this property is ideal for an owner-occupant or investor looking to add value.

Key facts

• 3,049 sq ft lot
• Built 1920
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $80k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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 45d 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 $588 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y ago; this cycle's ask has dropped $40k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; list at $85k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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?
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: 1.19% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.28%
• DSCR: 1.50
• GRM: 7.0

CMA / ARV

• ARV (median comp): $101,485
• List price: $85,000
• Delta: -16.24%
• 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
210 Crawford Ave	0.06mi	3/2.0	1,530 (-5%)	1mo	$145,000	$95	86
125 E 4th Ave	0.31mi	3/1.5	1,708 (+6%)	0mo	$27,000	$16	76
215 Logan Blvd	0.20mi	3/1.5	1,768 (+9%)	2mo	$200,000	$113	74
818 Bell Ave	0.52mi	3/1.5	1,632 (+1%)	2mo	$135,000	$83	73
105 1st Ave	0.13mi	4/1.5 (+1)	1,795 (+11%)	0mo	$109,900	$61	70
510 E Grant Ave	0.47mi	4/2.0 (+1)	1,643 (+2%)	1mo	$229,900	$140	68
312 E Walton Ave	0.30mi	4/1.5 (+1)	1,785 (+10%)	0mo	$115,000	$64	63
604 1st Ave	0.37mi	4/1.0 (+1)	1,746 (+8%)	0mo	$80,000	$46	62
508-512 5th Ave	0.44mi	3/1.0	1,755 (+8%)	1mo	$75,000	$43	62
711 E Bell Ave	0.63mi	2/2.0 (-1)	1,580 (-2%)	1mo	$166,000	$105	59
224 E 3rd Ave	0.34mi	3/1.0	1,377 (-15%)	0mo	$98,700	$72	57
1022 1st Ave	0.71mi	3/1.5	1,850 (+14%)	1mo	$122,000	$66	42

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $477
• Equity at exit: $12,674

10-year hold

• IRR: 10.2%
• Equity multiple: 1.79×
• Total profit: $18,783
• Equity at exit: $7,349

Cash invested: $23,800 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,008 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$91 /mo · $1,094/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $224

Break-even live

Break-even rent $725

Max offer price $85,000

Occupancy floor 73%

Sensitivity live

Price	-10% $272	-5% $248	+0% $224	+5% $200	+10% $176
Rent	-10% $144	-5% $184	+0% $224	+5% $263	+10% $303
Rate	-1.0pp $266	-0.5pp $245	base $224	+0.5pp $202	+1.0pp $179

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: $21,250
• Closing costs: $2,550
• 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	45d	1	0.16mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	45d	9	0.90mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	45d	1	1.19mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	45d	1	1.23mi

Listing history 25 events

1. 2026-06-17
   status $85,000 Pending 83 DOM
2. 2026-06-17
   days on market $85,000 Active 83 DOM
3. 2026-06-16
   days on market $85,000 Active 82 DOM
4. 2026-06-15
   days on market $85,000 Active 81 DOM
5. 2026-06-14
   days on market $85,000 Active 79 DOM
6. 2026-06-13
   days on market $85,000 Active 78 DOM
7. 2026-06-10
   days on market $85,000 Active 76 DOM
8. 2026-06-09
   days on market $85,000 Active 75 DOM
9. 2026-06-08
   days on market $85,000 Active 74 DOM
10. 2026-06-07
    pricedays on market $85,000 Active 73 DOM
11. 2026-06-05
    days on market $100,000 Active 70 DOM
12. 2026-06-03
    days on market $100,000 Active 69 DOM
13. 2026-06-02
    days on market $100,000 Active 68 DOM
14. 2026-06-01
    days on market $100,000 Active 67 DOM
15. 2026-05-31
    days on market $100,000 Active 66 DOM
16. 2026-05-30
    days on market $100,000 Active 65 DOM
17. 2026-05-08
    price $100,000 592-char remark

    Show marketing remark (592 chars)

    Affordable 3-bedroom home in Altoona offering classic character and great potential. The main level features a spacious living room with fireplace, an oak kitchen with ample cabinetry, and a convenient laundry room with half bath just off the kitchen. Upstairs offers three bedrooms and a full bath, plus a finished attic providing additional flexible living space. Exterior highlights include a covered front porch and a recently added rear deck. Situated on a manageable lot with public utilities and low taxes, this property is ideal for an owner-occupant or investor looking to add value.

18. 2026-04-19
    price $110,000 592-char remark

    Show marketing remark (592 chars)

    Affordable 3-bedroom home in Altoona offering classic character and great potential. The main level features a spacious living room with fireplace, an oak kitchen with ample cabinetry, and a convenient laundry room with half bath just off the kitchen. Upstairs offers three bedrooms and a full bath, plus a finished attic providing additional flexible living space. Exterior highlights include a covered front porch and a recently added rear deck. Situated on a manageable lot with public utilities and low taxes, this property is ideal for an owner-occupant or investor looking to add value.

19. 2026-04-08
    price $114,900 592-char remark

    Show marketing remark (592 chars)

    Affordable 3-bedroom home in Altoona offering classic character and great potential. The main level features a spacious living room with fireplace, an oak kitchen with ample cabinetry, and a convenient laundry room with half bath just off the kitchen. Upstairs offers three bedrooms and a full bath, plus a finished attic providing additional flexible living space. Exterior highlights include a covered front porch and a recently added rear deck. Situated on a manageable lot with public utilities and low taxes, this property is ideal for an owner-occupant or investor looking to add value.

20. 2026-03-26
    listed $124,900 Active 592-char remark

    Show marketing remark (592 chars)

    Affordable 3-bedroom home in Altoona offering classic character and great potential. The main level features a spacious living room with fireplace, an oak kitchen with ample cabinetry, and a convenient laundry room with half bath just off the kitchen. Upstairs offers three bedrooms and a full bath, plus a finished attic providing additional flexible living space. Exterior highlights include a covered front porch and a recently added rear deck. Situated on a manageable lot with public utilities and low taxes, this property is ideal for an owner-occupant or investor looking to add value.

21. 2002-06-19
    soldstatus $45,900 133-char remark

    Show marketing remark (133 chars)

    THIS 3 BEDROOM FEATURES LIVINGROOM WITH FIREPLACE, OAK KITCHEN, AND FAMILY ROOM OFF KITCHEN. MOST APPLIANCES ARE INCLUDED. LOW TAXES.

22. 2002-06-19
    soldstatus $46,400

    Show marketing remark (133 chars)

    THIS 3 BEDROOM FEATURES LIVINGROOM WITH FIREPLACE, OAK KITCHEN, AND FAMILY ROOM OFF KITCHEN. MOST APPLIANCES ARE INCLUDED. LOW TAXES.

23. 2001-11-08
    listed $45,900 133-char remark

    Show marketing remark (133 chars)

    THIS 3 BEDROOM FEATURES LIVINGROOM WITH FIREPLACE, OAK KITCHEN, AND FAMILY ROOM OFF KITCHEN. MOST APPLIANCES ARE INCLUDED. LOW TAXES.

24. 2000-04-28
    soldstatus $49,000
25. 1969-06-01
    soldstatus $6,800

ⓘ 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: $1,094 · $91/mo
• Projected year-2 tax: $1,219 · $102/mo
• Expected delta: +$124/yr (+$10/mo · 11.4%)

ⓘ 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: $12,092
• − Mortgage interest: −$4,761
• − Property taxes: −$1,094
• − Insurance: −$425
• − Repairs & maintenance: −$967
• − Management: −$967
• − Depreciation: −$2,473
• Taxable income: $1,403
• Est. tax owed @ 24.0%: −$337
• After-tax cash flow: $2,347/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

+1370.6% since first listed

9 events — show timeline

• 2026-05-08 Price Changed $100,000 AHARMLS
• 2026-04-19 Price Changed $110,000 AHARMLS
• 2026-04-08 Price Changed $114,900 AHARMLS
• 2026-03-26 Listed $124,900 AHARMLS
• 2002-06-19 Sold (Public Records) $46,400 Public Records
• 2002-06-19 Sold (MLS) $45,900 AHARMLS
• 2001-11-08 Listed $45,900 AHARMLS
• 2000-04-28 Sold (Public Records) $49,000 Public Records
• 1969-06-01 Sold (Public Records) $6,800 Public Records

Property tax history

-6.4%/yr

Latest (2025): $1,094 · +13.0% YoY. Source: county tax records.