141 N Sprague Ave · Bellevue, PA 15202

$169,000

4 bd · 2.0 ba · 2,984 sqft · SingleFamily public records · 1 Days on market

Built 1900 4,630 sqft lot

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Why this score? — see what drove the D+ 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 +15.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• DSCR +4.8/10.0
• Livability +4.6/5.0
• Rent growth +3.8/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investment opportunity, restore the Victorian home you’ve always dreamed of! Overflowing with original character and charm, this Bellevue residence boasts soaring ceilings, an impressive newel post staircase, five unique fireplaces, a charming covered front porch and architectural details rarely found today. Step through the foyer into the spacious living and dining areas, perfect for bringing your vision to life. The main level also features a convenient first-floor laundry room, half bath, and kitchen. A hidden secondary staircase behind the refrigerator offers a unique opportunity for restoration and added charm. The second-floor features four generously sized bedrooms and a full b

Key facts

• Covered front porch
• Victorian home
• Newel post staircase

Tags

• VICTORIAN HOME
• NEWEL POST STAIRCASE
• FIVE UNIQUE FIREPLACES
• COVERED FRONT PORCH
• FIRST-FLOOR LAUNDRY ROOM
• HIDDEN SECONDARY STAIRCASE

Property features AI

Finance

• HOA & community: Public transportation access

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: 3-story frame house; Asphalt roof; Resale property
• Construction: Frame construction; Asphalt roof
• Exterior features: Public transportation nearby

Interior

• Kitchen: Stove; Refrigerator; Dishwasher; Some gas appliances
• Bedrooms: Upper-level bedrooms: four bedrooms (sizes include 16x12, 13x12, 13x10, and an additional upper room 16x13)
• Flooring: Hardwood; Carpet
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Decorative fireplaces (5 total); Hardwood and carpet flooring; Unfinished walk-out basement
• Laundry & utility: Main-level laundry room (8x5)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $74 ($890/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Cap rate 6.8% vs local median 4.0% in Bellevue — 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 92/100 on livability (#9 in PA, #35 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• Northgate SD (suburban): math 25% / reading 57% proficiency, ranked #354 of 539 in PA (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.2%/yr); 80 active listings in the ZIP; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 31% of the median local income ($68k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $71k; list at $169k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,000

Questions for the listing agent

1. Built in 1900 — 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 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.03% ✓
• Cap rate: 6.82%
• Cash-on-cash: 1.88%
• DSCR: 1.08
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $387,920
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
324 Lincoln Ave	0.54mi	5/2.5 (+1)	3,131 (+5%)	0mo	$526,300	$168	59
419 Forest Ave	0.32mi	5/3.0 (+1)	3,035 (+2%)	17mo	$395,000	$130	59
119 N Jackson Ave	0.06mi	5/4.5 (+1)	2,679 (-10%)	14mo	$429,000	$160	54
432 Hallett Pl	0.45mi	4/3.0	2,916 (-2%)	23mo	$315,000	$108	52
928 California Ave	0.36mi	5/3.0 (+1)	2,737 (-8%)	13mo	$130,000	$47	50
741 Ohio River Blvd	0.69mi	4/2.5	3,100 (+4%)	14mo	$250,000	$81	47
508 Bellevue Ter	0.43mi	4/2.0	3,324 (+11%)	20mo	$390,000	$117	45
680 Union Avenue Ext	0.49mi	5/2.5 (+1)	3,110 (+4%)	22mo	$975,000	$314	45
30 S Euclid Ave	0.60mi	5/2.5 (+1)	2,766 (-7%)	14mo	$350,000	$127	42
61 S Euclid Ave	0.65mi	5/2.0 (+1)	2,592 (-13%)	5mo	$379,999	$147	39
745 Ravenswood Ave	0.51mi	4/2.0	2,580 (-14%)	24mo	$345,000	$134	34

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 · 5.16% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-18,683
• Equity at exit: $25,198

10-year hold

• IRR: 1.8%
• Equity multiple: 1.14×
• Total profit: $6,855
• Equity at exit: $14,612

Cash invested: $47,320 (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 15202

• Home prices YoY: -30.2%
• Rents YoY: 5.2%
• Active inventory: 80
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,743 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$346 /mo · $4,155/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $74

Break-even live

Break-even rent $1,649

Max offer price $169,000

Occupancy floor 91%

Sensitivity live

Price	-10% $170	-5% $122	+0% $74	+5% $26	+10% $-22
Rent	-10% $-64	-5% $5	+0% $74	+5% $143	+10% $212
Rate	-1.0pp $159	-0.5pp $117	base $74	+0.5pp $30	+1.0pp $-14

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-17
   remarks 693-char remark
2. 2026-06-17
   listed $169,000 Active 1 DOM

ⓘ 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: $4,155 · $346/mo
• Projected year-2 tax: $4,155 · $346/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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,917
• − Mortgage interest: −$9,467
• − Property taxes: −$4,155
• − Insurance: −$845
• − Repairs & maintenance: −$1,673
• − Management: −$1,673
• − Depreciation: −$4,916
• Taxable loss: −$1,812
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $1,325/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: Northgate SD
• NCES district ID: 4217770
• Math proficiency: 25% ▼ -12.00%
• Reading proficiency: 57% ▼ -5.00%
• Median HH income: $39,084
• Composite: 34.15/100
• National rank: #5279
• State rank: #354 of 539 in PA

Livability — Bellevue

• Score: 92/100
• State rank: #9
• US rank: #35

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellevue, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 19,564
• Household income: $68,287
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 952.0

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 (83%)
• Race & ethnicity: White 83% Black 9% Two or more races 5% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 6% Italian 2% Lithuanian 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Other Indo-European 1% Spanish 1% Chinese 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: ▼ -118.40%
• Current HPI: 274.1929
• Rent YoY: ▲ 5.16%
• 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

+138.0% since first listed

2 events — show timeline

• 2026-06-15 Listed $169,000 West Penn MLS
• 2000-10-03 Sold (Public Records) $71,000 Public Records

Property tax history

+1.6%/yr

Latest (2026): $4,155 · +2.8% YoY. Source: county tax records.