3801 Hilpert St · Brentwood, PA 15227

$1,345,000

240 bd · 120.0 ba · — sqft · MultiFamily · 18 Days on market

Built 1976 5,248 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 +17.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 12 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Investor dream come true! This fully occupied 12-unit property delivers immediate, stable cash flow with strong fundamentals and minimal ongoing expense. Each of the twelve units features a desirable 2-bedroom, 1-bath layout along with its own 1-car garage, a combination that consistently attracts and retains quality tenants. The property has been well maintained and thoughtfully updated, offering a clean, turnkey asset that’s ready to perform from day one. Many units have seen updates over time, while major exterior improvements—including a newer metal roof and updated sidewalks—provide peace of mind and reduce near-term capital expenditures. One of the most attractive features for investors is the fully separated utilities, meaning tenants are responsible for their own usage, significantly minimizing owner expenses and simplifying management. In addition, all borough occupancy requirements are currently up to date, allowing for a seamless transition to new ownership without the need for immediate compliance work. The layout, condition, and operational efficiency of this property make it an ideal addition to any portfolio, whether you're a seasoned investor looking to scale or someone seeking a strong, income-producing asset with long-term upside. With consistent occupancy, desirable unit configurations, and key improvements already completed, this is a rare opportunity to acquire a well-performing multi-unit property with both stability and future growth potential.

Key facts

• Updated sidewalks
• 1 car garage
• Newer metal roof

Tags

• 2 BEDROOM 1 BATH LAYOUT
• 1 CAR GARAGE
• NEWER METAL ROOF
• UPDATED SIDEWALKS
• FULLY SEPARATED UTILITIES
• OPERATIONAL EFFICIENCY

What this means for you Summary

Snapshot

• This is a 12 × 2-bed/1-bath units multifamily listed at $1.34M.

Deal economics

• At list price, monthly cash flow is $978 ($12k/yr) — positive. Per door: $82/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.33M (0.8% below list).
• Recommended offer: $1.32M (1.5% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.3% in Brentwood — 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 81/100 on livability (#178 in PA, #1,479 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities C-.
• Brentwood Borough SD (suburban): math 29% / reading 50% proficiency, ranked #357 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 (+4.3%/yr); 117 active listings in the ZIP; solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• At $13,337/mo this rent would consume 212% of the median local household income ($75k/yr) (locally 780% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $40k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• Current owner paid $237k; list at $1.34M implies a 468% gain — meaningful room to come down on a strong offer.

Recommended offer $1,324,825 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.99% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.12%
• DSCR: 1.14
• GRM: 8.4

CMA / ARV

• ARV (median comp): $209,823
• List price: $1,345,000
• Delta: 541.02%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.33% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-137,195
• Equity at exit: $200,544

10-year hold

• IRR: 1.4%
• Equity multiple: 1.10×
• Total profit: $38,481
• Equity at exit: $116,291

Cash invested: $376,600 (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 15227

• Home prices YoY: -27.5%
• Rents YoY: 4.3%
• Active inventory: 117
• Price-to-rent: 100.8×

Monthly cashflow live

• Estimated rent: $13,337 high
• Mortgage (P&I): −$7,053
• Tax from tax record: −$1,944 /mo · $23,331/yr
• Insurance: −$560
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,801
• Net cashflow: $978

Break-even live

Break-even rent $12,099

Max offer price $1,345,000

Occupancy floor 88%

Sensitivity live

Price	-10% $1,740	-5% $1,359	+0% $978	+5% $598	+10% $217
Rent	-10% $-75	-5% $451	+0% $978	+5% $1,505	+10% $2,032
Rate	-1.0pp $1,656	-0.5pp $1,320	base $978	+0.5pp $630	+1.0pp $275

12-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 12× units	2	1	$13,332
Total (12 units)			$13,337

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: $336,250
• Closing costs: $40,350
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-10
   status Pending 1509-char remark

   Show marketing remark (1509 chars)

   Investor dream come true! This fully occupied 12-unit property delivers immediate, stable cash flow with strong fundamentals and minimal ongoing expense. Each of the twelve units features a desirable 2-bedroom, 1-bath layout along with its own 1-car garage, a combination that consistently attracts and retains quality tenants. The property has been well maintained and thoughtfully updated, offering a clean, turnkey asset that’s ready to perform from day one. Many units have seen updates over time, while major exterior improvements—including a newer metal roof and updated sidewalks—provide peace of mind and reduce near-term capital expenditures. One of the most attractive features for investors is the fully separated utilities, meaning tenants are responsible for their own usage, significantly minimizing owner expenses and simplifying management. In addition, all borough occupancy requirements are currently up to date, allowing for a seamless transition to new ownership without the need for immediate compliance work. The layout, condition, and operational efficiency of this property make it an ideal addition to any portfolio, whether you're a seasoned investor looking to scale or someone seeking a strong, income-producing asset with long-term upside. With consistent occupancy, desirable unit configurations, and key improvements already completed, this is a rare opportunity to acquire a well-performing multi-unit property with both stability and future growth potential.

2. 2026-04-21
   listed $1,345,000 Active 1509-char remark

   Show marketing remark (1509 chars)

   Investor dream come true! This fully occupied 12-unit property delivers immediate, stable cash flow with strong fundamentals and minimal ongoing expense. Each of the twelve units features a desirable 2-bedroom, 1-bath layout along with its own 1-car garage, a combination that consistently attracts and retains quality tenants. The property has been well maintained and thoughtfully updated, offering a clean, turnkey asset that’s ready to perform from day one. Many units have seen updates over time, while major exterior improvements—including a newer metal roof and updated sidewalks—provide peace of mind and reduce near-term capital expenditures. One of the most attractive features for investors is the fully separated utilities, meaning tenants are responsible for their own usage, significantly minimizing owner expenses and simplifying management. In addition, all borough occupancy requirements are currently up to date, allowing for a seamless transition to new ownership without the need for immediate compliance work. The layout, condition, and operational efficiency of this property make it an ideal addition to any portfolio, whether you're a seasoned investor looking to scale or someone seeking a strong, income-producing asset with long-term upside. With consistent occupancy, desirable unit configurations, and key improvements already completed, this is a rare opportunity to acquire a well-performing multi-unit property with both stability and future growth potential.

3. 2022-07-22
   price $775
4. 1976-11-23
   soldstatus $237,000

ⓘ 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: $23,331 · $1,944/mo
• Projected year-2 tax: $23,331 · $1,944/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 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $160,044
• − Mortgage interest: −$75,341
• − Property taxes: −$23,331
• − Insurance: −$6,725
• − Repairs & maintenance: −$12,804
• − Management: −$12,804
• − Depreciation: −$39,127
• Taxable loss: −$10,087
• Est. tax savings @ 24.0%: +$2,421
• After-tax cash flow: $14,160/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: Brentwood Borough SD
• NCES district ID: 4204140
• Math proficiency: 29% ▼ -15.00%
• Reading proficiency: 50% ▼ -15.00%
• Median HH income: $49,260
• Composite: 33.92/100
• National rank: #5341
• State rank: #357 of 539 in PA

Livability — Brentwood

• Score: 81/100
• State rank: #178
• US rank: #1479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brentwood, PA
• County: Allegheny County · 1,022,028 people
• City population: 28,460
• Metro: Pittsburgh, PA
• Population (ZIP): 28,460
• Household income: $75,448
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 780.0

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 (80%)
• Race & ethnicity: White 80% Black 7% Asian 6% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Romanian 9% Scotch-Irish 2% Slovak 1%
• Foreign-born: 9% · India, Canada, China
• Languages at home: 89% English-only · Other Indo-European 6% Other Asian/Pacific 1% French/Haitian/Cajun 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: ▼ -92.53%
• Current HPI: 243.6383
• Rent YoY: ▲ 4.33%
• 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

+467.5% since first listed

4 events — show timeline

• 2026-05-10 Pending — West Penn MLS
• 2026-04-21 Listed $1,345,000 West Penn MLS
• 2022-07-22 Price Changed $775 RENT.
• 1976-11-23 Sold (Public Records) $237,000 Public Records

Property tax history

+3.1%/yr

Latest (2026): $23,331 · +4.6% YoY. Source: county tax records.