3120 Broad Ave · Altoona, PA 16601

$133,900

4 bd · 1.5 ba · 1,666 sqft · SingleFamily · 15 Days on market

Built 1916 3,484 sqft lot $80/sqft · 8% below area Est $146k · 8% under

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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 +13.5/30.0
• ARV discount +11.3/15.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• 1% rule +3.3/10.0
• 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

This 4-bedroom, 1.5-bath home with a 2-car detached garage and central air is located in the desirable Toy Town section of Altoona and offers tall ceilings, spacious rooms, laminate flooring throughout, an open staircase, and abundant natural light. The bright kitchen features ample cupboard space, perfect for everyday living and entertaining, while the open back porch leads to a covered deck ideal for relaxing or hosting gatherings. The main level includes a convenient half bath. Upstairs you'll find three nicely sized bedrooms and an updated full bath. The walk-up attic is currently used as a fourth bedroom, with an additional room serving as an exercise space complete with a walk-in closet, offering great flexibility for guests, a home office, or extra storage. Centrally and conveniently located, this home also features a new roof installed in October 2019 on both the house and detached garage, plus off-street parking. Be sure to check out the Matterport 3D virtual tour and schedule your showing today!

Key facts

• Covered deck
• Walk-in closet
• Exercise space

Tags

• OPEN BACK PORCH
• COVERED DECK
• WALK-UP ATTIC
• EXERCISE SPACE
• WALK-IN CLOSET
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $4 ($52/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $111k (17.3% below list).
• Recommended offer: $111k (17.3% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Altoona Area Jr Hs (math 21% / reading 45%, grade F, #346 of 512 statewide, top 69%, 1,727 students, 71% FRL) — zoned schools average 71% FRL vs 54% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 186 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 $926 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y 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.
• Current owner paid $68k; list at $134k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,701 (17.3% below list)

Questions for the listing agent

1. Built in 1916 — 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: 0.83% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 10.1

CMA / ARV

• ARV (median comp): $146,286
• List price: $133,900
• Delta: -8.47%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2831 W Chestnut Ave	0.27mi	3/2.0 (-1)	1,712 (+3%)	6mo	$170,000	$99	71
3700 W Chestnut Ave	0.49mi	3/2.0 (-1)	1,680 (+1%)	1mo	$239,000	$142	68
3027 Broad Ave	0.11mi	4/2.5	1,839 (+10%)	7mo	$80,000	$44	68
3116 Spruce Ave	0.32mi	3/1.5 (-1)	1,572 (-6%)	4mo	$65,000	$41	68
891 27th St	0.42mi	3/1.0 (-1)	1,721 (+3%)	2mo	$91,000	$53	66
2810 Oak Ave	0.36mi	3/1.0 (-1)	1,780 (+7%)	4mo	$133,000	$75	62
939 29th St	0.33mi	3/1.0 (-1)	1,494 (-10%)	5mo	$108,000	$72	56
2602 W Chestnut Ave	0.51mi	3/1.5 (-1)	1,757 (+6%)	8mo	$138,000	$79	56
3400 Broad Ave	0.27mi	3/1.0 (-1)	1,897 (+14%)	5mo	$185,000	$98	53
3214 6th Ave	0.33mi	3/1.0 (-1)	1,476 (-11%)	7mo	$93,000	$63	53
2616 5th Ave	0.60mi	3/2.0 (-1)	1,722 (+3%)	8mo	$179,900	$104	53
3712 W Chestnut Ave	0.51mi	3/1.5 (-1)	1,441 (-14%)	7mo	$210,000	$146	43

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-21,438
• Equity at exit: $19,965

10-year hold

• IRR: -7.8%
• Equity multiple: 0.51×
• Total profit: $-18,381
• Equity at exit: $11,577

Cash invested: $37,492 (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 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,107 medium
• Mortgage (P&I): −$702
• Tax from tax record: −$112 /mo · $1,347/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $4

Break-even live

Break-even rent $1,102

Max offer price $133,900

Occupancy floor 95%

Sensitivity live

Price	-10% $80	-5% $42	+0% $4	+5% $-34	+10% $-71
Rent	-10% $-83	-5% $-39	+0% $4	+5% $48	+10% $92
Rate	-1.0pp $72	-0.5pp $38	base $4	+0.5pp $-30	+1.0pp $-66

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: $33,475
• Closing costs: $4,017
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3925 Burgoon Rd Altoona, PA	3.0	1.0	1500	$895	$0.60	45d	1	0.72mi
2015 12th Ave Altoona, PA	3.0	1.0	1600	$1,200	$0.75	45d	1	1.00mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	45d	1	1.32mi

Listing history 16 events

1. 2026-05-15
   status Pending 1020-char remark

   Show marketing remark (1020 chars)

   This 4-bedroom, 1.5-bath home with a 2-car detached garage and central air is located in the desirable Toy Town section of Altoona and offers tall ceilings, spacious rooms, laminate flooring throughout, an open staircase, and abundant natural light. The bright kitchen features ample cupboard space, perfect for everyday living and entertaining, while the open back porch leads to a covered deck ideal for relaxing or hosting gatherings. The main level includes a convenient half bath. Upstairs you'll find three nicely sized bedrooms and an updated full bath. The walk-up attic is currently used as a fourth bedroom, with an additional room serving as an exercise space complete with a walk-in closet, offering great flexibility for guests, a home office, or extra storage. Centrally and conveniently located, this home also features a new roof installed in October 2019 on both the house and detached garage, plus off-street parking. Be sure to check out the Matterport 3D virtual tour and schedule your showing today!

2. 2026-05-06
   status Active 1020-char remark

   Show marketing remark (1020 chars)

   This 4-bedroom, 1.5-bath home with a 2-car detached garage and central air is located in the desirable Toy Town section of Altoona and offers tall ceilings, spacious rooms, laminate flooring throughout, an open staircase, and abundant natural light. The bright kitchen features ample cupboard space, perfect for everyday living and entertaining, while the open back porch leads to a covered deck ideal for relaxing or hosting gatherings. The main level includes a convenient half bath. Upstairs you'll find three nicely sized bedrooms and an updated full bath. The walk-up attic is currently used as a fourth bedroom, with an additional room serving as an exercise space complete with a walk-in closet, offering great flexibility for guests, a home office, or extra storage. Centrally and conveniently located, this home also features a new roof installed in October 2019 on both the house and detached garage, plus off-street parking. Be sure to check out the Matterport 3D virtual tour and schedule your showing today!

3. 2026-03-25
   status Pending 1020-char remark

   Show marketing remark (1020 chars)

   This 4-bedroom, 1.5-bath home with a 2-car detached garage and central air is located in the desirable Toy Town section of Altoona and offers tall ceilings, spacious rooms, laminate flooring throughout, an open staircase, and abundant natural light. The bright kitchen features ample cupboard space, perfect for everyday living and entertaining, while the open back porch leads to a covered deck ideal for relaxing or hosting gatherings. The main level includes a convenient half bath. Upstairs you'll find three nicely sized bedrooms and an updated full bath. The walk-up attic is currently used as a fourth bedroom, with an additional room serving as an exercise space complete with a walk-in closet, offering great flexibility for guests, a home office, or extra storage. Centrally and conveniently located, this home also features a new roof installed in October 2019 on both the house and detached garage, plus off-street parking. Be sure to check out the Matterport 3D virtual tour and schedule your showing today!

4. 2026-03-20
   listed $133,900 Active 1020-char remark

   Show marketing remark (1020 chars)

   This 4-bedroom, 1.5-bath home with a 2-car detached garage and central air is located in the desirable Toy Town section of Altoona and offers tall ceilings, spacious rooms, laminate flooring throughout, an open staircase, and abundant natural light. The bright kitchen features ample cupboard space, perfect for everyday living and entertaining, while the open back porch leads to a covered deck ideal for relaxing or hosting gatherings. The main level includes a convenient half bath. Upstairs you'll find three nicely sized bedrooms and an updated full bath. The walk-up attic is currently used as a fourth bedroom, with an additional room serving as an exercise space complete with a walk-in closet, offering great flexibility for guests, a home office, or extra storage. Centrally and conveniently located, this home also features a new roof installed in October 2019 on both the house and detached garage, plus off-street parking. Be sure to check out the Matterport 3D virtual tour and schedule your showing today!

5. 2020-08-04
   soldstatus $67,500
6. 2020-07-31
   soldstatus $67,500 779-char remark

   Show marketing remark (779 chars)

   Centrally located 3 to 5 bedroom home in the heart of Altoona. Features include spacious rooms, laminate flooring throughout, an open staircase, and plenty of natural light. The kitchen is bright and cherry with plenty of cupboard space for the cook in the house. Entertainment will be a breeze on the open back porch which leads to the covered deck, or while relaxing in the above ground swimming pool. The full bath has just been freshly painted, and a new roof was installed on the home and detached 2 car garage in October 2019. There are 3 bedrooms on the second floor of the home, and the attic is currently being utilized as 2 additional bedrooms- perfect for the weekend guest or for extra storage. Please call today to schedule your personal tour of this great listing.

7. 2020-05-29
   listed $70,000 779-char remark

   Show marketing remark (779 chars)

   Centrally located 3 to 5 bedroom home in the heart of Altoona. Features include spacious rooms, laminate flooring throughout, an open staircase, and plenty of natural light. The kitchen is bright and cherry with plenty of cupboard space for the cook in the house. Entertainment will be a breeze on the open back porch which leads to the covered deck, or while relaxing in the above ground swimming pool. The full bath has just been freshly painted, and a new roof was installed on the home and detached 2 car garage in October 2019. There are 3 bedrooms on the second floor of the home, and the attic is currently being utilized as 2 additional bedrooms- perfect for the weekend guest or for extra storage. Please call today to schedule your personal tour of this great listing.

8. 2012-04-12
   soldstatus $66,000
9. 2010-02-08
   soldstatus $30,000
10. 2010-01-29
    soldstatus $30,000
11. 2010-01-29
    soldstatus $30,000
12. 2009-06-11
    listed $45,000
13. 2003-12-03
    soldstatus $72,900
14. 2003-11-25
    soldstatus $77,274
15. 2003-09-25
    listed $72,900
16. 1988-10-01
    soldstatus $17,900

ⓘ 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: $1,347 · $112/mo
• Projected year-2 tax: $1,731 · $144/mo
• Expected delta: +$385/yr (+$32/mo · 28.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°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: $13,284
• − Mortgage interest: −$7,500
• − Property taxes: −$1,347
• − Insurance: −$670
• − Repairs & maintenance: −$1,063
• − Management: −$1,063
• − Depreciation: −$3,895
• Taxable loss: −$2,253
• Est. tax savings @ 24.0%: +$541
• After-tax cash flow: $593/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): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

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 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% 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: ▼ -60.97%
• Current HPI: 183.9907
• 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

+648.0% since first listed

16 events — show timeline

• 2026-05-15 Pending — AHARMLS
• 2026-05-06 Relisted — AHARMLS
• 2026-03-25 Pending — AHARMLS
• 2026-03-20 Listed $133,900 AHARMLS
• 2020-08-04 Sold (Public Records) $67,500 Public Records
• 2020-07-31 Sold (MLS) $67,500 AHARMLS
• 2020-05-29 Listed $70,000 AHARMLS
• 2012-04-12 Sold (Public Records) $66,000 Public Records
• 2010-02-08 Sold (MLS) $30,000 AHARMLS
• 2010-01-29 Sold (Public Records) $30,000 Public Records
• 2010-01-29 Sold (Public Records) $30,000 Public Records
• 2009-06-11 Listed $45,000 AHARMLS
• 2003-12-03 Sold (MLS) $72,900 AHARMLS
• 2003-11-25 Sold (Public Records) $77,274 Public Records
• 2003-09-25 Listed $72,900 AHARMLS
• 1988-10-01 Sold (Public Records) $17,900 Public Records

Property tax history

-6.9%/yr

Latest (2025): $1,347 · +13.0% YoY. Source: county tax records.