1712 Converse St · McKeesport, PA 15132

$14,500

3 bd · 1.0 ba · 1,540 sqft · SingleFamily public records · 194 Days on market

Built 1905 2,874 sqft lot $9/sqft · 75% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

Key facts

• Complete remodel
• 2,874 sq ft lot
• 2 parking spots

Tags

• COMPLETE REMODEL
• NEARBY MON YOUGH TRAIL COUNCIL
• CONVENIENT SHOPPING AT ALDI

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $14k.

Deal economics

• At list price, monthly cash flow is $907 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $14k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 81.4% vs local median 10.2% in McKeesport — 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 66/100 on livability (#1,089 in PA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, health & safety D, crime F.
• Mckeesport Area SD (suburban): math 11% / reading 28% proficiency, ranked #499 of 539 in PA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 115 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 45% of the median local income ($35k/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 $100 of loan paydown is wiped out by about $435 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 194 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $12k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price; built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $12,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 194 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 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 9.12% ✓
• Cap rate: 81.38%
• Cash-on-cash: 268.17%
• DSCR: 12.93
• GRM: 0.9

CMA / ARV

• ARV (median comp): $57,952
• List price: $14,500
• Delta: -74.98%
• 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
1837 Beech St	0.20mi	3/1.0	1,536 (-0%)	7mo	$57,000	$37	85
1813 Duquesne Ave	0.38mi	3/1.5	1,560 (+1%)	2mo	$149,900	$96	77
1507 Carnegie Ave	0.36mi	3/1.5	1,600 (+4%)	4mo	$65,000	$41	72
1315 Packer St	0.27mi	3/1.0	1,653 (+7%)	6mo	$15,000	$9	70
2310 Jenny Lind St	0.26mi	4/1.0 (+1)	1,479 (-4%)	8mo	$20,000	$14	69
1217 Scott St	0.35mi	4/1.0 (+1)	1,500 (-3%)	6mo	$55,000	$37	69
1819 Scott St	0.35mi	4/1.0 (+1)	1,450 (-6%)	6mo	$103,000	$71	64
3300 Stewart St	0.68mi	3/1.5	1,558 (+1%)	3mo	$60,000	$39	62
3206 Grover St	0.64mi	3/1.0	1,430 (-7%)	8mo	$30,000	$21	52
1316 Craig St	0.67mi	3/1.5	1,653 (+7%)	4mo	$127,500	$77	52
1208 Meadow St	0.64mi	4/2.0 (+1)	1,716 (+11%)	4mo	$110,000	$64	39
322 27th St	0.60mi	2/2.0 (-1)	1,312 (-15%)	6mo	$52,800	$40	33

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: —
• Equity multiple: 14.66×
• Total profit: $55,480
• Equity at exit: $2,162

10-year hold

• IRR: —
• Equity multiple: 31.27×
• Total profit: $122,895
• Equity at exit: $1,254

Cash invested: $4,060 (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 15132

• Home prices YoY: -32.9%
• Active inventory: 115
• Price-to-rent: 0.9×

Monthly cashflow live

• Estimated rent: $1,323 high
• Mortgage (P&I): −$76
• Tax from tax record: −$56 /mo · $670/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $907

Break-even live

Break-even rent $175

Max offer price $14,500

Occupancy floor 26%

Sensitivity live

Price	-10% $955	-5% $911	+0% $907	+5% $903	+10% $899
Rent	-10% $803	-5% $855	+0% $907	+5% $960	+10% $1,012
Rate	-1.0pp $915	-0.5pp $911	base $907	+0.5pp $904	+1.0pp $900

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: $3,625
• Closing costs: $435
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1451 Jenny Lind St McKeesport, PA	3.0	1.5	1408	$1,150	$0.82	24d	1	0.32mi
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	45d	1	0.34mi
1507 Carnegie Ave McKeesport, PA	3.0	1.5	1600	$1,699	$1.06	15d	1	0.34mi
2807 Beaver St McKeesport, PA	4.0	2.0	1700	$1,200	$0.71	45d	1	0.41mi
1506 Freemont St McKeesport, PA	3.0	2.0	1250	$1,295	$1.04	24d	1	0.50mi
604 Shaw Ave McKeesport, PA	2.0	1.0–1.5	800	$900	$1.12	13d	3	0.64mi
604 Shaw Ave Unit 101 McKeesport, PA	2.0	1.5	1050	$900	$0.86	15d	1	0.64mi
2408 McCarrell St McKeesport, PA	4.0	1.0	1430	$1,195	$0.84	24d	1	0.77mi
3710 Mayfair St McKeesport, PA	3.0	1.5	1314	$1,095	$0.83	4d	1	0.95mi
3211 Walnut St McKeesport, PA	4.0	1.0	1434	$1,500	$1.05	8d	1	0.96mi
1805 Gray St McKeesport, PA	3.0	1.0	1136	$1,600	$1.41	2d	1	0.98mi
2212 Cronemeyer St McKeesport, PA	3.0	1.0	1720	$1,375	$0.80	45d	1	1.15mi
1318 Maryland Ave West Mifflin, PA	3.0	1.0	1408	$1,695	$1.20	45d	1	1.36mi

Listing history 21 events

1. 2026-06-21
   days on market $14,500 Active 194 DOM
2. 2026-06-18
   days on market $14,500 Active 191 DOM
3. 2026-06-17
   days on market $14,500 Active 190 DOM
4. 2026-06-16
   days on market $14,500 Active 189 DOM
5. 2026-06-15
   days on market $14,500 Active 188 DOM
6. 2026-06-13
   days on market $14,500 Active 186 DOM
7. 2026-06-13
   days on market $14,500 Active 185 DOM
8. 2026-06-09
   days on market $14,500 Active 182 DOM
9. 2026-06-08
   days on market $14,500 Active 181 DOM
10. 2026-06-07
    pricedays on market $14,500 Active 180 DOM
11. 2026-06-03
    days on market $14,900 Active 176 DOM
12. 2026-06-02
    days on market $14,900 Active 175 DOM
13. 2026-06-01
    days on market $14,900 Active 174 DOM
14. 2026-05-31
    days on market $14,900 Active 173 DOM
15. 2026-04-20
    price $14,900 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

16. 2026-04-08
    price $15,000 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

17. 2026-02-13
    price $16,000 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

18. 2026-01-16
    price $18,000 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

19. 2025-12-30
    price $19,000 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

20. 2025-12-09
    listed $20,000 Active 973-char remark

    Show marketing remark (973 chars)

    This three-bedroom, one-bathroom house offers incredible potential for the right buyer with vision and renovation skills. While the property requires a complete remodel and is being sold as-is, it presents an exciting blank canvas opportunity at a price point with possibilities. The solid bones of this home are waiting for your personal touch to transform it into your dream space. Located in a convenient McKeesport neighborhood, you'll enjoy easy access to public transportation with a bus station just minutes away. Nature lovers will appreciate the nearby Mon Yough Trail Council for outdoor recreation and walking trails. You will find educational options with McKeesport Area Senior High School in the area, plus convenient shopping at nearby ALDI for all your grocery needs. This is perfect for handy buyers, investors, or anyone looking to create sweat equity. With some creativity and elbow grease, this diamond in the rough could become the perfect family home.

21. 1974-12-17
    soldstatus $12,250

ⓘ 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: $670 · $56/mo
• Projected year-2 tax: $670 · $56/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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,877
• − Mortgage interest: −$812
• − Property taxes: −$670
• − Insurance: −$72
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$422
• Taxable income: $11,360
• Est. tax owed @ 24.0%: −$2,726
• After-tax cash flow: $8,161/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: Mckeesport Area SD
• NCES district ID: 4214940
• Math proficiency: 11% ▼ -9.00%
• Reading proficiency: 28% ▼ -10.00%
• Median HH income: $33,779
• Composite: 15.88/100
• National rank: #9257
• State rank: #499 of 539 in PA

Livability — McKeesport

• Score: 66/100
• State rank: #1089
• US rank: #12321

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: McKeesport, PA
• County: Allegheny County · 1,022,028 people
• City population: 25,010
• Metro: Pittsburgh, PA
• Population (ZIP): 18,898
• Household income: $35,397
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 1239.0

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 0.62)
• Race & ethnicity: White 50% Black 35% Two or more races 10% Hispanic / Latino 4% Asian 1%
• Common ancestry: Romanian 5% Serbian 2% Scotch-Irish 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -71.01%
• Current HPI: 145.195
• Rent YoY: —
• 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

+21.6% since first listed

7 events — show timeline

• 2026-04-20 Price Changed $14,900 West Penn MLS
• 2026-04-08 Price Changed $15,000 West Penn MLS
• 2026-02-13 Price Changed $16,000 West Penn MLS
• 2026-01-16 Price Changed $18,000 West Penn MLS
• 2025-12-30 Price Changed $19,000 West Penn MLS
• 2025-12-09 Listed $20,000 West Penn MLS
• 1974-12-17 Sold (Public Records) $12,250 Public Records

Property tax history

+5.8%/yr

Latest (2026): $670 · +0.0% YoY. Source: county tax records.