1813 Converse St · McKeesport, PA 15132

$75,000

3 bd · 1.0 ba · 1,218 sqft · SingleFamily public records · 68 Days on market

Built 1927 2,988 sqft lot $62/sqft · 32% above area Est $57k · 32% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1813 Converse St – a charming and well-maintained 3-bedroom, 1-bath home in McKeesport. This inviting property features spacious living areas, a welcoming front porch perfect for relaxing, and a backyard space ideal for outdoor enjoyment or entertaining. The basement offers additional storage or workspace options, making it a great fit for a variety of lifestyles. Conveniently located in the McKeesport Area School District, this home is close to everyday essentials and local attractions. Nearby shopping centers, grocery stores, and dining options offer convenience and variety, while local parks and the Great Allegheny Passage trail provide plenty of recreational opportunities. Just a short drive from surrounding communities like White Oak, North Versailles, and West Mifflin – including the popular Waterfront shopping and entertainment district – you'll enjoy easy access to retail, restaurants, and cultural spots. Whether commuting or exploring, this location offers both comfort and connectivity.

Key facts

• Front porch
• Basement storage
• Backyard space

Tags

• FRONT PORCH
• BACKYARD SPACE
• BASEMENT STORAGE
• NEARBY SHOPPING CENTERS
• LOCAL PARKS
• GREAT ALLEGHENY PASSAGE TRAIL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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; 17 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 41% 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 $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y 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 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — 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. 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?
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 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: 1.60% ✓
• Cap rate: 14.10%
• Cash-on-cash: 27.89%
• DSCR: 2.24
• GRM: 5.2

CMA / ARV

• ARV (median comp): $56,682
• List price: $75,000
• Delta: 32.32%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1256 Ravine St	0.25mi	3/1.5	1,288 (+6%)	8mo	$85,000	$66	70
2817 Jenny Lind St	0.46mi	2/1.0 (-1)	1,232 (+1%)	2mo	$51,033	$41	70
1807 Packer	0.26mi	3/1.5	1,288 (+6%)	10mo	$49,000	$38	68
1228 Soles St	0.34mi	2/1.0 (-1)	1,199 (-2%)	10mo	$170,000	$142	68
1310 Pirl St	0.51mi	3/1.0	1,270 (+4%)	7mo	$55,000	$43	63
1224 Soles St	0.34mi	3/1.0	1,313 (+8%)	12mo	$116,750	$89	61
2510 Oak St	0.36mi	3/1.0	1,088 (-11%)	6mo	$19,000	$17	60
3021 Myer Blvd	0.66mi	3/1.0	1,296 (+6%)	7mo	$118,000	$91	53
322 27th St	0.53mi	2/2.0 (-1)	1,312 (+8%)	6mo	$52,800	$40	48
901 Union Ave	0.52mi	3/1.0	1,375 (+13%)	10mo	$89,900	$65	46
1819 Craig St	0.69mi	3/1.5	1,080 (-11%)	9mo	$139,900	$130	40
703 Coursin St	0.66mi	4/1.5 (+1)	1,320 (+8%)	13mo	$30,000	$23	37

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: 22.0%
• Equity multiple: 1.90×
• Total profit: $18,917
• Equity at exit: $11,183

10-year hold

• IRR: 30.0%
• Equity multiple: 3.69×
• Total profit: $56,435
• Equity at exit: $6,485

Cash invested: $21,000 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,203 high
• Mortgage (P&I): −$393
• Tax from tax record: −$38 /mo · $455/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $488

Break-even live

Break-even rent $585

Max offer price $75,000

Occupancy floor 54%

Sensitivity live

Price	-10% $531	-5% $509	+0% $488	+5% $467	+10% $446
Rent	-10% $393	-5% $441	+0% $488	+5% $536	+10% $583
Rate	-1.0pp $526	-0.5pp $507	base $488	+0.5pp $469	+1.0pp $449

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 17 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	0.31mi
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	45d	1	0.38mi
311-313 24th St McKeesport, PA	2.0	1.0	950	$900	$0.95	45d	1	0.39mi
1506 Freemont St McKeesport, PA	3.0	2.0	1250	$1,295	$1.04	24d	1	0.51mi
1114-1116 Ohio St Unit 2R McKeesport, PA	2.0	1.0	878	$850	$0.97	17d	1	0.69mi
604 Shaw Ave McKeesport, PA	2.0	1.0–1.5	800	$900	$1.12	13d	3	0.70mi
604 Shaw Ave Unit 101 McKeesport, PA	2.0	1.5	1050	$900	$0.86	15d	1	0.70mi
2408 McCarrell St McKeesport, PA	4.0	1.0	1430	$1,195	$0.84	24d	1	0.74mi
2918 Walnut St Apt 3 McKeesport, PA	2.0	1.0	800	$850	$1.06	45d	1	0.75mi
3506 Mayfair St Unit B McKeesport, PA	2.0	1.0	948	$1,200	$1.27	45d	1	0.85mi
306 Laredo St McKeesport, PA	2.0	1.0	928	$995	$1.07	45d	1	0.89mi
3211 Walnut St McKeesport, PA	4.0	1.0	1434	$1,500	$1.05	8d	1	0.90mi
1805 Gray St McKeesport, PA	3.0	1.0	1136	$1,600	$1.41	2d	1	0.94mi
3710 Mayfair St McKeesport, PA	3.0	1.5	1314	$1,095	$0.83	4d	1	0.95mi
733 Memory Ln McKeesport, PA	2.0	1.0	850	$1,200	$1.41	24d	1	1.36mi
1108 Prescott St White Oak, PA	2.0	1.0	945	$1,200	$1.27	13d	1	1.40mi
1318 Maryland Ave West Mifflin, PA	3.0	1.0	1408	$1,695	$1.20	45d	1	1.43mi

Listing history 29 events

1. 2026-06-21
   days on market $75,000 Active 68 DOM
2. 2026-06-18
   days on market $75,000 Active 65 DOM
3. 2026-06-17
   days on market $75,000 Active 64 DOM
4. 2026-06-16
   days on market $75,000 Active 63 DOM
5. 2026-06-15
   days on market $75,000 Active 62 DOM
6. 2026-06-13
   days on market $75,000 Active 60 DOM
7. 2026-06-13
   days on market $75,000 Active 59 DOM
8. 2026-06-09
   days on market $75,000 Active 56 DOM
9. 2026-06-08
   days on market $75,000 Active 55 DOM
10. 2026-06-07
    days on market $75,000 Active 54 DOM
11. 2026-06-03
    days on market $75,000 Active 50 DOM
12. 2026-06-02
    days on market $75,000 Active 49 DOM
13. 2026-06-01
    days on market $75,000 Active 48 DOM
14. 2026-05-31
    days on market $75,000 Active 47 DOM
15. 2026-04-13
    listed $75,000 Active 1039-char remark

    Show marketing remark (1039 chars)

    Welcome to 1813 Converse St – a charming and well-maintained 3-bedroom, 1-bath home in McKeesport. This inviting property features spacious living areas, a welcoming front porch perfect for relaxing, and a backyard space ideal for outdoor enjoyment or entertaining. The basement offers additional storage or workspace options, making it a great fit for a variety of lifestyles. Conveniently located in the McKeesport Area School District, this home is close to everyday essentials and local attractions. Nearby shopping centers, grocery stores, and dining options offer convenience and variety, while local parks and the Great Allegheny Passage trail provide plenty of recreational opportunities. Just a short drive from surrounding communities like White Oak, North Versailles, and West Mifflin – including the popular Waterfront shopping and entertainment district – you'll enjoy easy access to retail, restaurants, and cultural spots. Whether commuting or exploring, this location offers both comfort and connectivity.

16. 2026-02-13
    historical $1,050
17. 2025-12-24
    historical $1,050
18. 2025-12-24
    listed $1,050
19. 2025-11-01
    listed $1,100
20. 2025-11-01
    historical $1,100
21. 2025-09-17
    listed $1,100
22. 2024-11-12
    soldstatus $77,500
23. 2024-11-02
    status Pending 172-char remark

    Show marketing remark (172 chars)

    Move in ready home perfect to start a new chapter! This beauty offers hardwood floors, a brick fireplace, freshly updated kitchen and bathroom and ready for its new owner.

24. 2024-11-01
    soldstatus $77,500 Closed 172-char remark

    Show marketing remark (172 chars)

    Move in ready home perfect to start a new chapter! This beauty offers hardwood floors, a brick fireplace, freshly updated kitchen and bathroom and ready for its new owner.

25. 2024-09-12
    historical Contingent 172-char remark

    Show marketing remark (172 chars)

    Move in ready home perfect to start a new chapter! This beauty offers hardwood floors, a brick fireplace, freshly updated kitchen and bathroom and ready for its new owner.

26. 2024-09-05
    listed $79,900 Active 172-char remark

    Show marketing remark (172 chars)

    Move in ready home perfect to start a new chapter! This beauty offers hardwood floors, a brick fireplace, freshly updated kitchen and bathroom and ready for its new owner.

27. 2011-04-25
    price $12,000
28. 2011-04-25
    soldstatus $9,500
29. 2011-03-18
    listed $9,500

ⓘ 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: $455 · $38/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$365/yr (+$30/mo · 80.2%)

ⓘ 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: $14,439
• − Mortgage interest: −$4,201
• − Property taxes: −$455
• − Insurance: −$375
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$2,182
• Taxable income: $4,916
• Est. tax owed @ 24.0%: −$1,180
• After-tax cash flow: $4,677/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

+689.5% since first listed

15 events — show timeline

• 2026-04-13 Listed $75,000 West Penn MLS
• 2026-02-13 Rental Removed $1,050 Avail
• 2025-12-24 Rental Removed $1,050 APPFOLIO
• 2025-12-24 Listed for Rent $1,050 APPFOLIO
• 2025-11-01 Listed for Rent $1,100 Avail
• 2025-11-01 Rental Removed $1,100 APPFOLIO
• 2025-09-17 Listed for Rent $1,100 APPFOLIO
• 2024-11-12 Sold (Public Records) $77,500 Public Records
• 2024-11-02 Pending — West Penn MLS
• 2024-11-01 Sold (MLS) $77,500 West Penn MLS
• 2024-09-12 Contingent — West Penn MLS
• 2024-09-05 Listed $79,900 West Penn MLS
• 2011-04-25 Sold (MLS) $9,500 West Penn MLS
• 2011-04-25 Price Changed $12,000 West Penn MLS
• 2011-03-18 Listed $9,500 West Penn MLS

Property tax history

+6.2%/yr

Latest (2026): $455 · +0.0% YoY. Source: county tax records.