216 Ridge Ave · New Kensington, PA 15068

$139,900

6 bd · 4.0 ba · 1,488 sqft · Other public records · 99 Days on market

Built 1900 3,005 sqft lot Est $112k · 25% over

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently remodeled top/down duplex with many quality and professional updates throughout, including renovated kitchens and bathrooms, plumbing, new flooring, new appliances, and fresh paint throughout. Off-street parking, a full basement, and a covered front porch. Situated on a friendly street. An excellent investment opportunity!

Key facts

• Covered front porch
• Remodeled duplex
• Renovated kitchens

Tags

• REMODELED DUPLEX
• RENOVATED KITCHENS
• RENOVATED BATHROOMS
• OFF-STREET PARKING
• FULL BASEMENT
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath other listed at $140k.

Deal economics

• At list price, monthly cash flow is $572 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 7.2% in New Kensington — 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 69/100 on livability (#840 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• New Kensington-Arnold SD (suburban): math 16% / reading 31% proficiency, ranked #483 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.9%/yr); 171 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 415 units permitted in Westmoreland County in 2024 (10 in 5+ unit buildings).
• This rent runs 37% of the median local income ($63k/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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Westmoreland County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $140k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,309 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.39% ✓
• Cap rate: 11.20%
• Cash-on-cash: 17.52%
• DSCR: 1.78
• GRM: 6.0

CMA / ARV

• ARV (median comp): $111,537
• List price: $139,900
• Delta: 25.43%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.9% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.30×
• Total profit: $11,646
• Equity at exit: $20,860

10-year hold

• IRR: 16.0%
• Equity multiple: 2.24×
• Total profit: $48,598
• Equity at exit: $12,096

Cash invested: $39,172 (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 15068

• Home prices YoY: -12.2%
• Rents YoY: 1.9%
• Active inventory: 171
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,948 medium
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,098/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $572

Break-even live

Break-even rent $1,224

Max offer price $139,900

Occupancy floor 66%

Sensitivity live

Price	-10% $668	-5% $620	+0% $572	+5% $523	+10% $475
Rent	-10% $418	-5% $495	+0% $572	+5% $649	+10% $726
Rate	-1.0pp $642	-0.5pp $607	base $572	+0.5pp $536	+1.0pp $499

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1922 Kenneth Ave New Kensington, PA	5.0	2.0	1800	$2,150	$1.19	8d	1	1.09mi
1922 Kenneth Ave New Kensington, PA	5.0	2.0	1800	$2,100	$1.17	2d	1	1.09mi

Listing history 27 events

1. 2026-06-21
   days on market $139,900 Active 99 DOM
2. 2026-06-18
   days on market $139,900 Active 96 DOM
3. 2026-06-17
   days on market $139,900 Active 95 DOM
4. 2026-06-16
   days on market $139,900 Active 94 DOM
5. 2026-06-15
   days on market $139,900 Active 93 DOM
6. 2026-06-13
   days on market $139,900 Active 91 DOM
7. 2026-06-09
   days on market $139,900 Active 87 DOM
8. 2026-06-08
   days on market $139,900 Active 86 DOM
9. 2026-06-07
   days on market $139,900 Active 85 DOM
10. 2026-06-05
    pricedays on market $139,900 Active 82 DOM
11. 2026-06-03
    days on market $150,000 Active 81 DOM
12. 2026-06-02
    days on market $150,000 Active 80 DOM
13. 2026-06-01
    days on market $150,000 Active 79 DOM
14. 2026-05-31
    days on market $150,000 Active 78 DOM
15. 2026-05-06
    price $150,000 334-char remark

    Show marketing remark (334 chars)

    Recently remodeled top/down duplex with many quality and professional updates throughout, including renovated kitchens and bathrooms, plumbing, new flooring, new appliances, and fresh paint throughout. Off-street parking, a full basement, and a covered front porch. Situated on a friendly street. An excellent investment opportunity!

16. 2026-03-14
    listed $160,000 Active 334-char remark

    Show marketing remark (334 chars)

    Recently remodeled top/down duplex with many quality and professional updates throughout, including renovated kitchens and bathrooms, plumbing, new flooring, new appliances, and fresh paint throughout. Off-street parking, a full basement, and a covered front porch. Situated on a friendly street. An excellent investment opportunity!

17. 2025-09-20
    historical Expired 393-char remark

    Show marketing remark (393 chars)

    Great Investment Opportunity! Updated Turnkey duplex located in the New Kensington neighborhood. This property features two units. Unit One is a 1 bed, 1 bath and Unit Two is a 2 bed, 1 bath. Recent Updates - Fresh paint throughout, Flooring, Brand new appliances, Renovated Bathrooms and Kitchens, Plumbing in basement, Added washers and dryers in unit and basement. Schedule a showing today!

18. 2025-04-21
    listed $159,000 Active 393-char remark

    Show marketing remark (393 chars)

    Great Investment Opportunity! Updated Turnkey duplex located in the New Kensington neighborhood. This property features two units. Unit One is a 1 bed, 1 bath and Unit Two is a 2 bed, 1 bath. Recent Updates - Fresh paint throughout, Flooring, Brand new appliances, Renovated Bathrooms and Kitchens, Plumbing in basement, Added washers and dryers in unit and basement. Schedule a showing today!

19. 2025-03-21
    price $169,999
20. 2025-03-13
    listed $175,999 Active
21. 2024-10-22
    status Pending
22. 2024-10-21
    soldstatus $85,000 Closed
23. 2024-09-03
    historical Contingent
24. 2024-08-02
    price $100,000
25. 2024-06-07
    listed $105,000 Active
26. 1997-06-11
    soldstatus $18,000
27. 1997-03-21
    listed $21,000

ⓘ 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 ≥96°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,372
• − Mortgage interest: −$7,837
• − Property taxes: −$2,098
• − Insurance: −$700
• − Repairs & maintenance: −$1,870
• − Management: −$1,870
• − Depreciation: −$4,070
• Taxable income: $4,928
• Est. tax owed @ 24.0%: −$1,183
• After-tax cash flow: $5,679/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: New Kensington-Arnold SD
• NCES district ID: 4216740
• Math proficiency: 16% ▼ -7.00%
• Reading proficiency: 31% ▼ -13.00%
• Median HH income: $34,386
• Composite: 19.26/100
• National rank: #8805
• State rank: #483 of 539 in PA

Livability — New Kensington

• Score: 69/100
• State rank: #840
• US rank: #8791

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Kensington, PA
• County: Westmoreland County · 183,777 people
• City population: 36,203
• Metro: Pittsburgh, PA
• Population (ZIP): 36,203
• Household income: $63,426
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 967.0

Population outlook (Westmoreland County) Hauer SSP2

• Today (2025): 342,555 people
• By 2030: 331,717 · -3.2%
• By 2040: 304,976 · -11.0%
• By 2050: 277,444 · -19.0%
• By 2075: 224,607 · -34.4%
• By 2100: 171,084 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 12% Subsaharan African 2% Serbian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 0%

Political lean MEDSL · Westmoreland

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.9%
• 2008→2024 swing: -11.7pp toward R · 2008: -16.7pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+28.3 2016: R+31.3 2012: R+23.7 2008: R+16.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.50%
• Current HPI: 305.926
• Rent YoY: ▲ 1.90%
• 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

+614.3% since first listed

13 events — show timeline

• 2026-05-06 Price Changed $150,000 West Penn MLS
• 2026-03-14 Listed $160,000 West Penn MLS
• 2025-09-20 Delisted — West Penn MLS
• 2025-04-21 Listed $159,000 West Penn MLS
• 2025-03-21 Price Changed $169,999 West Penn MLS
• 2025-03-13 Listed $175,999 West Penn MLS
• 2024-10-22 Pending — West Penn MLS
• 2024-10-21 Sold (MLS) $85,000 West Penn MLS
• 2024-09-03 Contingent — West Penn MLS
• 2024-08-02 Price Changed $100,000 West Penn MLS
• 2024-06-07 Listed $105,000 West Penn MLS
• 1997-06-11 Sold (MLS) $18,000 West Penn MLS
• 1997-03-21 Listed $21,000 West Penn MLS

Property tax history

-16.1%/yr

Latest (2026): $114 · +0.0% YoY. Source: county tax records.