513 Park St · McKeesport, PA 15132

$34,900

4 bd · 1.5 ba · 2,069 sqft · SingleFamily public records · 13 Days on market

Built 1880 3,484 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 +15.0/30.0
• 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

Discover the potential of 513 Park St. , a charming brick home nestled in a TRANQUIL McKeesport, PA, neighborhood. This property boasts an INVITING COVERED FRONT PORCH and a SPACIOUS LIVING ROOM. The roomy DINING AREA also includes a FIREPLACE, adding warmth to the space. THE KITCHEN offers PLENTIFUL CABINET SPACE, complemented by a BONUS BACK ROOM doubling as a PANTRY. Upstairs, find FOUR GENEROUSLY SIZED BEDROOMS, perfect for customization. Being less than 30 minutes from Downtown Pittsburgh, making it an IDEAL CHOICE for tenants and end buyers alike!

Key facts

• 3,484 sq ft lot
• Built 1880
• Listed 13 days

Tags

• FENCED FRONT AND BACK YARD
• COVERED FRONT AND REAR PORCHES

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: 2-story brick home; Asphalt roof; Resale property
• Construction: Brick construction; Asphalt roof
• Exterior features: 30 x 135 x 32 x 136 lot dimensions; Public transportation nearby

Interior

• Kitchen: Kitchen on upper level
• Bedrooms: Three main-level bedrooms; One main-level bedroom (listed as Bedroom 4)
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Carpet flooring; Hardwood flooring; Vinyl flooring; Full, unfinished basement with interior entry

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $945 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).
• Cap rate 38.8% vs local median 10.3% 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: 113 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• At $1,501/mo this rent would consume 51% of the median local household income ($35k/yr) (locally 1239% 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 $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 24y 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.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $34,900

Questions for the listing agent

1. Built in 1880 — 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 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?
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 4.30% ✓
• Cap rate: 38.78%
• Cash-on-cash: 116.04%
• DSCR: 6.16
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $140,692
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1312 Ross St	0.53mi	4/1.0	1,800 (-13%)	3mo	$125,000	$69	49
1411 Manor Ave	0.53mi	5/2.0 (+1)	2,144 (+4%)	22mo	$145,000	$68	44
1703 Coursin St	0.59mi	3/2.0 (-1)	1,874 (-9%)	6mo	$55,000	$29	44
1703 Bailie Ave	0.55mi	3/2.0 (-1)	1,980 (-4%)	22mo	$13,500	$7	42
1128 Mccleary St	0.72mi	4/2.5	2,033 (-2%)	21mo	$148,000	$73	42
1809 Coursin St	0.69mi	4/3.0	1,916 (-7%)	11mo	$212,000	$111	40
1517 Beaver St	0.64mi	3/1.5 (-1)	1,815 (-12%)	6mo	$38,000	$21	40
1300 Pirl St	0.58mi	3/2.0 (-1)	1,800 (-13%)	7mo	$13,250	$7	39
1409 Carnegie Ave	0.45mi	4/1.5	2,352 (+14%)	21mo	$72,000	$31	39
1409 Centennial St	0.62mi	5/3.5 (+1)	2,285 (+10%)	7mo	$170,000	$74	35

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: 6.58×
• Total profit: $54,553
• Equity at exit: $5,204

10-year hold

• IRR: —
• Equity multiple: 13.80×
• Total profit: $125,094
• Equity at exit: $3,018

Cash invested: $9,772 (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: 113
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,501 high
• Mortgage (P&I): −$183
• Tax est. 1.5%: −$44 /mo · $524/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $945

Break-even live

Break-even rent $305

Max offer price $34,900

Occupancy floor 32%

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1507 Carnegie Ave McKeesport, PA	3.0	1.5	1600	$1,699	$1.06	14d	1	0.41mi
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	43d	1	0.48mi
2212 Cronemeyer St McKeesport, PA	3.0	1.0	1720	$1,375	$0.80	43d	1	0.72mi
1318 Maryland Ave West Mifflin, PA	3.0	1.0	1408	$1,695	$1.20	43d	1	0.76mi
1451 Jenny Lind St McKeesport, PA	3.0	1.5	1408	$1,150	$0.82	23d	1	0.78mi
2807 Beaver St McKeesport, PA	4.0	2.0	1700	$1,200	$0.71	43d	1	0.81mi
2408 McCarrell St McKeesport, PA	4.0	1.0	1430	$1,195	$0.84	23d	1	1.20mi
2311 Grandview Ave McKeesport, PA	4.0	2.0	2550	$1,250	$0.49	17d	1	1.29mi
19 S 6th St Duquesne, PA	3.0	1.0	2100	$1,675	$0.80	23d	1	1.41mi

Listing history 10 events

1. 2026-06-18
   days on market $34,900 Active 13 DOM
2. 2026-06-17
   days on market $34,900 Active 12 DOM
3. 2026-06-16
   days on market $34,900 Active 11 DOM
4. 2026-06-15
   days on market $34,900 Active 10 DOM
5. 2026-06-13
   days on market $34,900 Active 8 DOM
6. 2026-06-13
   days on market $34,900 Active 7 DOM
7. 2026-06-09
   days on market $34,900 Active 4 DOM
8. 2026-06-08
   days on market $34,900 Active 3 DOM
9. 2026-06-07
   remarks 238-char remark
10. 2026-06-07
    listed $34,900 Active 2 DOM

ⓘ 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
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,018
• − Mortgage interest: −$1,955
• − Property taxes: −$524
• − Insurance: −$174
• − Repairs & maintenance: −$1,441
• − Management: −$1,441
• − Depreciation: −$1,015
• Taxable income: $11,467
• Est. tax owed @ 24.0%: −$2,752
• After-tax cash flow: $8,588/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

+24.6% since first listed

9 events — show timeline

• 2026-06-05 Listed $34,900 West Penn MLS
• 2023-12-27 Price Changed $35,950 West Penn MLS
• 2023-12-13 Listed $37,950 West Penn MLS
• 2010-04-21 Sold (Public Records) $38,000 Public Records
• 2008-10-29 Sold (MLS) $10,100 West Penn MLS
• 2008-08-13 Listed $9,900 West Penn MLS
• 2004-04-28 Sold (Public Records) $37,250 Public Records
• 2002-07-31 Sold (MLS) $22,000 West Penn MLS
• 2002-06-24 Listed $28,000 West Penn MLS

Property tax history

+9.9%/yr

Latest (2026): $2,256 · +61.9% YoY. Source: county tax records.