1309 Penn Ave · Wilkinsburg, PA 15221

$39,900

3 bd · 1.0 ba · 1,093 sqft · SingleFamily public records · 252 Days on market

Built 1945 1,681 sqft lot $37/sqft · 44% below area Est $71k · 44% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

Key facts

• Plumbing
• Hvac
• Doors

Tags

• ELECTRIC
• PLUMBING
• HVAC
• WINDOWS
• DOORS
• SKYLIGHTS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $938 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 34.5% 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; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 33% 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 $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.9% 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 252 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y 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 1945 — 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 252 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 1945 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 3.84% ✓
• Cap rate: 34.49%
• Cash-on-cash: 100.71%
• DSCR: 5.48
• GRM: 2.2

CMA / ARV

• ARV (median comp): $70,885
• List price: $39,900
• Delta: -43.71%
• 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
500 Shelbourne Ave	0.31mi	3/1.0	1,080 (-1%)	8mo	$127,000	$118	77
1216 Morrow St	0.23mi	3/1.0	1,176 (+8%)	3mo	$45,000	$38	74
445 Morris St	0.36mi	3/2.0	1,144 (+5%)	9mo	$270,000	$236	64
818 Woodworth Ave	0.51mi	3/1.0	1,160 (+6%)	6mo	$163,000	$141	61
1608 Clark St	0.47mi	3/1.0	1,170 (+7%)	9mo	$62,500	$53	59
1358 Laketon Rd	0.45mi	3/2.5	1,160 (+6%)	8mo	$145,000	$125	56
1521 Weinman St	0.38mi	2/1.0 (-1)	1,000 (-8%)	8mo	$25,000	$25	56
8 Mckelvey Ave	0.62mi	3/1.5	1,128 (+3%)	12mo	$339,000	$301	53
29 Barton Dr	0.71mi	2/2.0 (-1)	1,102 (+1%)	4mo	$128,000	$116	53
21 Bryn Mawr	0.69mi	3/1.5	1,204 (+10%)	3mo	$279,900	$232	46
1501 Laketon Rd	0.56mi	3/1.5	1,218 (+11%)	12mo	$130,000	$107	43
1462 Elm St	0.74mi	3/1.0	1,232 (+13%)	10mo	$157,000	$127	36

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: —
• Equity multiple: 5.89×
• Total profit: $54,612
• Equity at exit: $5,949

10-year hold

• IRR: —
• Equity multiple: 12.65×
• Total profit: $130,128
• 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 15221

• Home prices YoY: -32.3%
• Rents YoY: 3.9%
• Active inventory: 118
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,534 high
• Mortgage (P&I): −$209
• Tax from tax record: −$48 /mo · $577/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $938

Break-even live

Break-even rent $347

Max offer price $39,900

Occupancy floor 34%

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 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
565 Ardmore Blvd Pittsburgh, PA	4.0	1.0	1368	$1,450	$1.06	10d	1	0.27mi
1515 Penn Ave Wilkinsburg, PA	2.0	2.0	1012	$1,100	$1.09	43d	1	0.34mi
1713-1715 Clark St Unit 79-1804C Pittsburgh, PA	2.0	1.0	972	$1,200	$1.23	4d	1	0.52mi
826 Walnut St Pittsburgh, PA	2.0	1.0	1270	$1,195	$0.94	43d	1	0.55mi
100 Bryn Mawr Ct W Pittsburgh, PA	1.0–2.0	1.0–2.0	975	$1,904	$1.95	3d	15	0.58mi
7215 Beacon Hill Dr Pittsburgh, PA	2.0	2.0	1259	$1,795	$1.43	4d	1	0.59mi
7534 Penn Bridge Ct Pittsburgh, PA	2.0	2.0	1259	$1,750	$1.39	43d	1	0.63mi
600 Kelly Ave Pittsburgh, PA	1.0–2.0	1.0	968	$1,350	$1.39	3d	3	0.73mi
515 Rebecca Ave Unit 515D Pittsburgh, PA	2.0	1.0	850	$1,310	$1.54	7d	1	0.75mi
233-241 Edgewood Ave Unit B10 Pittsburgh, PA	2.0	1.0	726	$1,250	$1.72	43d	1	0.82mi
233-241 Edgewood Ave Unit B06 Pittsburgh, PA	2.0	1.0	726	$1,250	$1.72	23d	1	0.82mi
2031 Chalfant St Pittsburgh, PA	3.0	1.5	1150	$1,950	$1.70	43d	1	0.93mi
407 Biddle Ave #3 Pittsburgh, PA	3.0	1.0	1200	$1,700	$1.42	43d	1	0.95mi
519-521 S Trenton Ave Pittsburgh, PA	3.0	1.5	1360	$2,600	$1.91	16d	1	0.95mi
1003 Smokey Wood Dr Swissvale, PA	1.0–2.0	1.0	874	$1,475	$1.69	4d	4	1.06mi
2323 Patterson Ave Unit NA Pittsburgh, PA	3.0	1.0	1440	$1,500	$1.04	23d	1	1.26mi
2323 Patterson Ave Pittsburgh, PA	3.0	1.0	1440	$1,800	$1.25	43d	1	1.26mi
2121 Milligan Ave Unit 3 Pittsburgh, PA	2.0	1.0	800	$1,195	$1.49	43d	1	1.28mi
2121 Milligan Ave Unit 6 Pittsburgh, PA	2.0	1.0	800	$1,300	$1.62	4d	1	1.28mi
2255 Hawthorne Ave Unit 2255 Swissvale, PA	2.0	1.0	1020	$1,000	$0.98	12d	1	1.34mi
1027 Lancaster Ave Unit 2 Pittsburgh, PA	2.0	2.0	1300	$2,599	$2.00	1d	1	1.39mi
700 Filmore Rd Pittsburgh, PA	3.0	2.0	1072	$1,800	$1.68	12d	1	1.41mi
7645 Highland Ave Pittsburgh, PA	3.0	1.0	1161	$1,325	$1.14	7d	1	1.44mi
8918 Frankstown Rd Pittsburgh, PA	3.0	1.0	1400	$1,907	$1.36	14d	1	1.46mi
207 Montana Ave Pittsburgh, PA	2.0	1.0	840	$1,000	$1.19	23d	1	1.50mi

Listing history 39 events

1. 2026-06-18
   days on market $39,900 Active 252 DOM
2. 2026-06-17
   days on market $39,900 Active 251 DOM
3. 2026-06-16
   days on market $39,900 Active 250 DOM
4. 2026-06-15
   days on market $39,900 Active 249 DOM
5. 2026-06-13
   days on market $39,900 Active 247 DOM
6. 2026-06-09
   days on market $39,900 Active 243 DOM
7. 2026-06-08
   days on market $39,900 Active 242 DOM
8. 2026-06-07
   days on market $39,900 Active 241 DOM
9. 2026-06-05
   days on market $39,900 Active 238 DOM
10. 2026-06-03
    days on market $39,900 Active 237 DOM
11. 2026-06-02
    days on market $39,900 Active 236 DOM
12. 2026-06-01
    days on market $39,900 Active 235 DOM
13. 2026-05-31
    days on market $39,900 Active 234 DOM
14. 2026-03-08
    price $39,900 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

15. 2026-02-09
    price $38,500 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

16. 2025-10-09
    listed $39,900 Active 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

17. 2025-09-19
    historical Expired 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

18. 2025-09-03
    price $39,900 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

19. 2025-07-02
    price $42,700 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

20. 2024-10-22
    price $44,900 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

21. 2024-09-20
    listed $47,000 Active 501-char remark

    Show marketing remark (501 chars)

    Remodeling Project ready to be finished. Already completed--Electric, plumbing, HVAC, windows, doors, skylights, recessed lighting, ceiling fans, chandelier, basement bath, ADT alarm system. Needs to be done--Main bath (onsite fixtures need installed and drywall), kitchen is empty and needs everything, railing around stairs, floors are plywood and need covered, garage door. Outside-- choose your own gutters, downspouts, and siding. RR tie retaining wall needs replaced. Just steps to the bus stop.

22. 2024-09-11
    historical Expired
23. 2024-05-21
    price $43,999
24. 2023-09-12
    listed $46,500 Active
25. 2023-09-11
    historical Expired
26. 2023-09-06
    price $46,500
27. 2022-09-12
    listed $47,900 Active
28. 2022-01-08
    price $48,000
29. 2021-11-03
    price $48,900
30. 2021-08-30
    listed $49,900 Active
31. 2021-01-21
    price $39,900
32. 2020-09-21
    price $44,900
33. 2020-07-17
    price $49,750
34. 2020-04-09
    status Active
35. 2020-03-10
    historical Withdrawn
36. 2020-02-20
    listed $49,900 Active
37. 2015-02-10
    soldstatus $84,500
38. 2014-11-13
    listed $84,500
39. 1990-10-03
    soldstatus $15,000

ⓘ 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: $577 · $48/mo
• Projected year-2 tax: $604 · $50/mo
• Expected delta: +$27/yr (+$2/mo · 4.7%)

ⓘ 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 ≥98°F today · 17 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: $18,403
• − Mortgage interest: −$2,235
• − Property taxes: −$577
• − Insurance: −$200
• − Repairs & maintenance: −$1,472
• − Management: −$1,472
• − Depreciation: −$1,161
• Taxable income: $11,287
• Est. tax owed @ 24.0%: −$2,709
• After-tax cash flow: $8,543/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

+166.0% since first listed

26 events — show timeline

• 2026-03-08 Price Changed $39,900 West Penn MLS
• 2026-02-09 Price Changed $38,500 West Penn MLS
• 2025-10-09 Listed $39,900 West Penn MLS
• 2025-09-19 Delisted — West Penn MLS
• 2025-09-03 Price Changed $39,900 West Penn MLS
• 2025-07-02 Price Changed $42,700 West Penn MLS
• 2024-10-22 Price Changed $44,900 West Penn MLS
• 2024-09-20 Listed $47,000 West Penn MLS
• 2024-09-11 Delisted — West Penn MLS
• 2024-05-21 Price Changed $43,999 West Penn MLS
• 2023-09-12 Listed $46,500 West Penn MLS
• 2023-09-11 Delisted — West Penn MLS
• 2023-09-06 Price Changed $46,500 West Penn MLS
• 2022-09-12 Listed $47,900 West Penn MLS
• 2022-01-08 Price Changed $48,000 West Penn MLS
• 2021-11-03 Price Changed $48,900 West Penn MLS
• 2021-08-30 Listed $49,900 West Penn MLS
• 2021-01-21 Price Changed $39,900 West Penn MLS
• 2020-09-21 Price Changed $44,900 West Penn MLS
• 2020-07-17 Price Changed $49,750 West Penn MLS
• 2020-04-09 Relisted — West Penn MLS
• 2020-03-10 Delisted — West Penn MLS
• 2020-02-20 Listed $49,900 West Penn MLS
• 2015-02-10 Sold (MLS) $84,500 West Penn MLS
• 2014-11-13 Listed $84,500 West Penn MLS
• 1990-10-03 Sold (Public Records) $15,000 Public Records

Property tax history

-0.6%/yr

Latest (2026): $577 · +3.0% YoY. Source: county tax records.