1405-1407 West · Homestead, PA 15120

$220,000

4 bd · 2.0 ba · — sqft · MultiFamily · 22 Days on market

Built 1910 Good condition 1,742 sqft lot

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Why this score? — see what drove the C 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 +21.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Renovated duplex: two 2-bed, 1-bath units and large attic space! Live in one and rent the other, or lease both for maximum cash flow. Convenient to the Waterfront with updates complete, this property is ready to go!

Key facts

• Fully renovated
• Turnkey duplex
• Large attic space

Tags

• TURNKEY DUPLEX
• FULLY RENOVATED
• LARGE ATTIC SPACE
• CONVENIENT TO THE WATERFRONT

Property features AI

Finance

• Other: Annual tax amount listed
• Financial info: Both units currently rent for $1,200 each

Exterior

• Home design: Multi-family building with 2 total units
• Exterior features: Lot dimensions: 36 x 50 x 32 x 49; Zoned C2

Interior

• Kitchen: Kitchens included in each unit
• Bedrooms: Two 2-bedroom units
• Bathrooms: Each unit has 1 full bathroom
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $220k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive. Per door: $170/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#366 in PA, #3,204 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Steel Valley SD (suburban): math 29% / reading 45% proficiency, ranked #403 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 92 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• At $2,354/mo this rent would consume 51% of the median local household income ($56k/yr) (locally 669% 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $216,700 (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 1910 — 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 F-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 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: 1.07% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

No comps found within radius.

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1615 Mcclure St	0.27mi	4/2.0	—	4mo	$135,000	—	72
220 E 16th Ave	0.19mi	4/2.0	—	10mo	$275,000	—	71
237-239 E 17th Ave	0.23mi	4/2.0	—	13mo	$132,000	—	66
324 W 14th Ave	0.20mi	5/2.0 (+1)	—	10mo	$370,000	—	65
110 W 11th Ave	0.18mi	4/2.0	—	18mo	$158,000	—	64
810 Hays St	0.34mi	4/3.0	—	8mo	$225,000	—	61
705 E 18th Ave	0.39mi	4/3.0	—	8mo	$201,064	—	59
601 E 16th Ave	0.30mi	4/2.0	—	22mo	$279,900	—	55
133 E 20th Ave	0.31mi	3/2.0 (-1)	—	21mo	$130,000	—	50
2421 Dewey St Dewey St	0.72mi	3/2.0 (-1)	—	3mo	$160,000	—	46
2602 Main St	0.74mi	4/3.0	—	11mo	$142,000	—	40

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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.81×
• Total profit: $-11,467
• Equity at exit: $32,803

10-year hold

• IRR: 6.0%
• Equity multiple: 1.46×
• Total profit: $28,622
• Equity at exit: $19,022

Cash invested: $61,600 (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 15120

• Home prices YoY: -16.9%
• Rents YoY: 4.1%
• Active inventory: 92
• Price-to-rent: 15.6×

Monthly cashflow live

• Estimated rent: $2,354 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $339

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 81%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,354
Total (2 units)			$2,354

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
351 W 12th Ave Homestead, PA	5.0	2.0	1856	$2,300	$1.24	1d	1	0.29mi
1215 Louise St Homestead, PA	3.0	1.0	—	$1,095	—	43d	1	0.34mi
248 W 9th Ave Homestead, PA	3.0	1.0	—	$1,495	—	16d	1	0.38mi
823 E 11th Ave Homestead, PA	3.0	1.5	—	$1,275	—	23d	1	0.57mi
1254 Edgewood Dr Homestead, PA	3.0	1.0	1144	$1,725	$1.51	43d	1	0.64mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	14d	1	0.82mi
218 Mary St Homestead, PA	3.0	1.0	1776	$1,400	$0.79	21d	1	0.83mi
308 Lea St Homestead, PA	4.0	2.0	1480	$1,490	$1.01	3d	1	0.93mi
3705 Botsford St Apt 2 Munhall, PA	3.0	1.0	1000	$1,195	$1.20	43d	1	1.23mi
7009 Church St Pittsburgh, PA	3.0	2.0	1800	$1,550	$0.86	43d	1	1.37mi
1219 Commercial St Pittsburgh, PA	3.0	2.0	—	$4,000	—	7d	1	1.44mi

Listing history 17 events

1. 2026-06-18
   days on market $220,000 Active 22 DOM
2. 2026-06-17
   days on market $220,000 Active 21 DOM
3. 2026-06-16
   days on market $220,000 Active 20 DOM
4. 2026-06-15
   days on market $220,000 Active 19 DOM
5. 2026-06-13
   days on market $220,000 Active 17 DOM
6. 2026-06-09
   days on market $220,000 Active 13 DOM
7. 2026-06-08
   days on market $220,000 Active 12 DOM
8. 2026-06-07
   days on market $220,000 Active 11 DOM
9. 2026-06-05
   days on market $220,000 Active 8 DOM
10. 2026-06-03
    days on market $220,000 Active 7 DOM
11. 2026-06-02
    days on market $220,000 Active 6 DOM
12. 2026-06-01
    days on market $220,000 Active 5 DOM
13. 2026-05-31
    days on market $220,000 Active 4 DOM
14. 2026-05-27
    listed $220,000 Active
15. 2025-07-22
    price $182,500 215-char remark

    Show marketing remark (215 chars)

    Renovated duplex: two 2-bed, 1-bath units and large attic space! Live in one and rent the other, or lease both for maximum cash flow. Convenient to the Waterfront with updates complete, this property is ready to go!

16. 2025-03-21
    price $192,500 215-char remark

    Show marketing remark (215 chars)

    Renovated duplex: two 2-bed, 1-bath units and large attic space! Live in one and rent the other, or lease both for maximum cash flow. Convenient to the Waterfront with updates complete, this property is ready to go!

17. 2025-02-19
    listed $210,000 Active 215-char remark

    Show marketing remark (215 chars)

    Renovated duplex: two 2-bed, 1-bath units and large attic space! Live in one and rent the other, or lease both for maximum cash flow. Convenient to the Waterfront with updates complete, this property is ready to go!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,248
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,260
• − Management: −$2,260
• − Depreciation: −$6,400
• Taxable income: $605
• Est. tax owed @ 24.0%: −$145
• After-tax cash flow: $3,926/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.

Condition & rehab AI · 11 photos

Good 75/100 Cosmetic rehab

This fully renovated two-unit property is move-in ready with good condition and potential for further value enhancement through minor updates.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Resale Updating the kitchen appliances — Modern appliances can attract more buyers.
• Rental Installing new flooring in bathrooms — Fresh flooring can improve tenant satisfaction and reduce maintenance costs.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Resale Updating the kitchen appliances — Modern appliances can attract more buyers. ↑
• Rental Installing new flooring in bathrooms — Fresh flooring can improve tenant satisfaction and reduce maintenance costs. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Steel Valley SD
• NCES district ID: 4222790
• Math proficiency: 29% ▼ -1.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $39,505
• Composite: 30.94/100
• National rank: #6111
• State rank: #403 of 539 in PA

Livability — Homestead

• Score: 77/100
• State rank: #366
• US rank: #3204

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 18,029
• Household income: $55,714
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 669.0

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 (74%)
• Race & ethnicity: White 74% Black 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 3% · South Korea, Canada
• Languages at home: 95% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -59.52%
• Current HPI: 292.5607
• Rent YoY: ▲ 4.06%
• 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

+4.8% since first listed

4 events — show timeline

• 2026-05-27 Listed $220,000 West Penn MLS
• 2025-07-22 Price Changed $182,500 West Penn MLS
• 2025-03-21 Price Changed $192,500 West Penn MLS
• 2025-02-19 Listed $210,000 West Penn MLS