1507 Center St · Wilkinsburg, PA 15221

$95,000

3 bd · 1.0 ba · 1,888 sqft · SingleFamily public records · 20 Days on market

Built 1920 2,970 sqft lot $50/sqft · 73% above area

---

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 +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1507 Center Street, located on a nice street in Wilkinsburg. This very spacious house has plenty of room for everyone and lots of potential. It is currently being rented. It is conveniently located close to the Parkway and to public transportation. "Additional Room" is on the 3rd floor and could be another bedroom or office. Property is being sold "as is".

Key facts

• Large front porch
• Original trim
• Rear deck

Tags

• LARGE FRONT PORCH
• ORIGINAL TRIM
• HARDWOOD FLOORS
• BRICK FEATURE FIREPLACE
• OPEN DINING AND KITCHEN SPACE
• REAR DECK

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public water; Public sewer
• Home design: 3-story brick property; Resale condition
• Construction: Brick construction
• Exterior features: Small lot (approximately 0.068 acres)

Interior

• Kitchen: Dishwasher; Refrigerator; Stove; Some gas appliances
• Flooring: Hardwood; Tile
• Bathrooms: One full bathroom
• Heating & cooling: Forced-air heating; Gas heating
• Interior features: Full, unfinished walk-up basement; Gas fireplace (1)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $675 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $94k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 11.3% in Wilkinsburg — 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 76/100 on livability (#411 in PA, #3,754 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, health & safety D+, crime F.
• Wilkinsburg Borough SD (suburban): math 14% / reading 23% proficiency, ranked #503 of 539 in PA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 96% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.9%/yr); 118 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 36% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,575 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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 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: 1.74% ✓
• Cap rate: 14.82%
• Cash-on-cash: 30.47%
• DSCR: 2.36
• GRM: 4.8

CMA / ARV

• ARV (median comp): $54,937
• List price: $95,000
• Delta: 72.93%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1507 Center St	0.00mi	4/1.0 (+1)	1,888 (0%)	0mo	$93,000	$49	95
517 Holmes St	0.24mi	4/2.0 (+1)	2,064 (+9%)	5mo	$16,000	$8	60
1205 Glenn Ave	0.43mi	3/1.5	1,750 (-7%)	14mo	$65,000	$37	54
1934 Remington Dr	0.61mi	3/2.0	1,861 (-1%)	24mo	$140,000	$75	45
1055 Blackadore St	0.67mi	3/1.0	1,623 (-14%)	0mo	$17,000	$10	45
7710 Hamilton Ave	0.52mi	4/1.0 (+1)	1,793 (-5%)	23mo	$29,900	$17	43
528 North Ave	0.35mi	4/1.5 (+1)	1,630 (-14%)	16mo	$105,000	$64	41
909 Blackadore	0.52mi	3/2.0	1,722 (-9%)	22mo	$25,000	$15	39
7503 Susquehanna	0.73mi	3/2.5	1,700 (-10%)	10mo	$225,000	$132	35
1817 Montier St	0.60mi	4/2.0 (+1)	2,156 (+14%)	6mo	$30,000	$14	35
1306 Penn Ave	0.71mi	4/1.0 (+1)	2,157 (+14%)	18mo	$228,550	$106	23

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: 26.1%
• Equity multiple: 2.09×
• Total profit: $29,077
• Equity at exit: $14,165

10-year hold

• IRR: 34.3%
• Equity multiple: 4.26×
• Total profit: $86,778
• Equity at exit: $8,214

Cash invested: $26,600 (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 15221

• Home prices YoY: -32.3%
• Rents YoY: 3.9%
• Active inventory: 118
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,654 high
• Mortgage (P&I): −$498
• Tax from tax record: −$93 /mo · $1,120/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $675

Break-even live

Break-even rent $799

Max offer price $95,000

Occupancy floor 54%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
515 Hill Ave Pittsburgh, PA	4.0	1.0	1628	$1,300	$0.80	43d	1	0.31mi
745 Franklin Ave Pittsburgh, PA	4.0	2.0	1948	$1,599	$0.82	43d	1	0.60mi
1148 East St Pittsburgh, PA	3.0	3.0	1738	$1,700	$0.98	43d	1	0.62mi
1250 Blackadore Ave Pittsburgh, PA	3.0	1.0	1440	$1,750	$1.22	23d	1	0.84mi
519-521 S Trenton Ave Pittsburgh, PA	3.0	1.5	1360	$2,600	$1.91	16d	1	0.86mi
8606 Westwood Rd Pittsburgh, PA	4.0	1.0	1596	$1,425	$0.89	43d	1	0.88mi
826 Walnut St Pittsburgh, PA	2.0	1.0	1270	$1,195	$0.94	43d	1	0.90mi
1962 McNary Blvd Pittsburgh, PA	3.0	1.0	1517	$1,545	$1.02	7d	1	0.95mi
565 Ardmore Blvd Pittsburgh, PA	4.0	1.0	1368	$1,450	$1.06	10d	1	0.96mi
7534 Penn Bridge Ct Pittsburgh, PA	2.0	2.0	1259	$1,750	$1.39	43d	1	0.98mi
8918 Frankstown Rd Pittsburgh, PA	3.0	1.0	1400	$1,907	$1.36	14d	1	1.00mi
7215 Beacon Hill Dr Pittsburgh, PA	2.0	2.0	1259	$1,795	$1.43	4d	1	1.05mi
442 Locust St Pittsburgh, PA	2.0	1.0	1600	$2,600	$1.62	3d	1	1.23mi

Listing history 9 events

1. 2026-05-05
   listed $95,000 Active 1303-char remark
2. 2023-04-20
   soldstatus $70,000
3. 2022-09-22
   soldstatus $79,000
4. 2022-09-16
   soldstatus $70,000 Closed
5. 2022-07-18
   historical Contingent
6. 2022-05-12
   listed $79,000 Active
7. 2019-08-28
   historical Expired

   Show marketing remark (389 chars)

   Welcome to 1507 Center Street, located on a nice street in Wilkinsburg. This very spacious house has plenty of room for everyone and lots of potential. It is currently being rented. It is conveniently located close to the Parkway and to public transportation. "Additional Room" is on the 3rd floor and could be another bedroom or office. Property is being sold "as is".

8. 2019-05-22
   price $69,000

   Show marketing remark (389 chars)

   Welcome to 1507 Center Street, located on a nice street in Wilkinsburg. This very spacious house has plenty of room for everyone and lots of potential. It is currently being rented. It is conveniently located close to the Parkway and to public transportation. "Additional Room" is on the 3rd floor and could be another bedroom or office. Property is being sold "as is".

9. 2018-08-28
   listed $69,900 Active

   Show marketing remark (389 chars)

   Welcome to 1507 Center Street, located on a nice street in Wilkinsburg. This very spacious house has plenty of room for everyone and lots of potential. It is currently being rented. It is conveniently located close to the Parkway and to public transportation. "Additional Room" is on the 3rd floor and could be another bedroom or office. Property is being sold "as is".

ⓘ 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: $1,120 · $93/mo
• Projected year-2 tax: $1,310 · $109/mo
• Expected delta: +$191/yr (+$16/mo · 17.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,846
• − Mortgage interest: −$5,321
• − Property taxes: −$1,120
• − Insurance: −$475
• − Repairs & maintenance: −$1,588
• − Management: −$1,588
• − Depreciation: −$2,764
• Taxable income: $6,991
• Est. tax owed @ 24.0%: −$1,678
• After-tax cash flow: $6,427/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: Wilkinsburg Borough SD
• NCES district ID: 4226370
• Math proficiency: 14% ▼ -8.00%
• Reading proficiency: 23% ▼ -9.00%
• Median HH income: $32,204
• Composite: 14.94/100
• National rank: #9368
• State rank: #503 of 539 in PA

Livability — Wilkinsburg

• Score: 76/100
• State rank: #411
• US rank: #3754

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilkinsburg, PA
• County: Allegheny County · 1,022,028 people
• City population: 29,513
• Metro: Pittsburgh, PA
• Population (ZIP): 29,374
• Household income: $55,028
• Rent vs Own: 55.3% rent · 44.7% own
• Severe rent burden: 1933.0

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 0.60)
• Race & ethnicity: White 47% Black 43% Two or more races 7% Hispanic / Latino 4% Asian 1%
• Common ancestry: Romanian 4% Lithuanian 2% Serbian 1%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 93% English-only · Spanish 2% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -109.77%
• Current HPI: 230.0486
• Rent YoY: ▲ 3.86%
• 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

+33.0% since first listed

11 events — show timeline

• 2026-06-16 Sold (MLS) $93,000 West Penn MLS
• 2026-05-26 Pending — West Penn MLS
• 2026-05-05 Listed $95,000 West Penn MLS
• 2023-04-20 Sold (Public Records) $70,000 Public Records
• 2022-09-22 Sold (Public Records) $79,000 Public Records
• 2022-09-16 Sold (MLS) $70,000 West Penn MLS
• 2022-07-18 Contingent — West Penn MLS
• 2022-05-12 Listed $79,000 West Penn MLS
• 2019-08-28 Delisted — West Penn MLS
• 2019-05-22 Price Changed $69,000 West Penn MLS
• 2018-08-28 Listed $69,900 West Penn MLS

Property tax history

-2.9%/yr

Latest (2026): $1,120 · +3.0% YoY. Source: county tax records.