2003 Bailie Ave · McKeesport, PA 15132

$64,999

3 bd · 1.0 ba · 1,320 sqft · SingleFamily public records · 133 Days on market

Built 1927 2,940 sqft lot $49/sqft · at area comps Est $66k · at est.

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Why this score? — see what drove the B- 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
• ARV discount +8.0/15.0
• 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

Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

Key facts

• Near local shopping
• Public transit
• Newer boiler

Tags

• NEAR LOCAL SHOPPING
• PUBLIC TRANSIT
• ORIGINAL CHARM
• NEWER BOILER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $551 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.5% 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; 18 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 43% 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 $449 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 $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $16k; list at $65k implies a 306% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,199 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.95% ✓
• Cap rate: 16.47%
• Cash-on-cash: 36.33%
• DSCR: 2.62
• GRM: 4.3

CMA / ARV

• ARV (median comp): $65,735
• List price: $64,999
• Delta: -1.12%
• Verdict: FAIR
• 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	0.14mi	3/1.5	1,288 (-2%)	8mo	$85,000	$66	81
1807 Packer	0.27mi	3/1.5	1,288 (-2%)	10mo	$49,000	$38	73
1310 Pirl St	0.43mi	3/1.0	1,270 (-4%)	7mo	$55,000	$43	68
901 Union Ave	0.42mi	3/1.0	1,375 (+4%)	10mo	$89,900	$65	65
2817 Jenny Lind St	0.46mi	2/1.0 (-1)	1,232 (-7%)	2mo	$51,033	$41	61
3021 Myer Blvd	0.66mi	3/1.0	1,296 (-2%)	7mo	$118,000	$91	60
1819 Scott St	0.33mi	4/1.0 (+1)	1,450 (+10%)	6mo	$103,000	$71	58
1216 Soles St	0.23mi	3/2.0	1,472 (+12%)	10mo	$100,000	$68	58
322 27th St	0.62mi	2/2.0 (-1)	1,312 (-1%)	6mo	$52,800	$40	56
2310 Jenny Lind St	0.28mi	4/1.0 (+1)	1,479 (+12%)	8mo	$20,000	$14	55
1217 Scott St	0.30mi	4/1.0 (+1)	1,500 (+14%)	6mo	$55,000	$37	53
3206 Grover St	0.60mi	3/1.0	1,430 (+8%)	8mo	$30,000	$21	52

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: 32.1%
• Equity multiple: 2.35×
• Total profit: $24,582
• Equity at exit: $9,692

10-year hold

• IRR: 39.2%
• Equity multiple: 4.66×
• Total profit: $66,674
• Equity at exit: $5,620

Cash invested: $18,200 (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: 4.3×

Monthly cashflow live

• Estimated rent: $1,266 high
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $551

Break-even live

Break-even rent $569

Max offer price $64,999

Occupancy floor 51%

Sensitivity live

Price	-10% $596	-5% $573	+0% $551	+5% $529	+10% $506
Rent	-10% $451	-5% $501	+0% $551	+5% $601	+10% $651
Rate	-1.0pp $584	-0.5pp $568	base $551	+0.5pp $534	+1.0pp $517

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	44d	1	0.30mi
2807 Beaver St McKeesport, PA	4.0	2.0	1700	$1,200	$0.71	44d	1	0.36mi
1451 Jenny Lind St McKeesport, PA	3.0	1.5	1408	$1,150	$0.82	24d	1	0.37mi
1507 Carnegie Ave McKeesport, PA	3.0	1.5	1600	$1,699	$1.06	15d	1	0.37mi
311-313 24th St McKeesport, PA	2.0	1.0	950	$900	$0.95	44d	1	0.45mi
1506 Freemont St McKeesport, PA	3.0	2.0	1250	$1,295	$1.04	24d	1	0.45mi
1114-1116 Ohio St Unit 2R McKeesport, PA	2.0	1.0	878	$850	$0.97	17d	1	0.61mi
604 Shaw Ave McKeesport, PA	2.0	1.0–1.5	800	$900	$1.12	13d	3	0.67mi
604 Shaw Ave Unit 101 McKeesport, PA	2.0	1.5	1050	$900	$0.86	15d	1	0.67mi
2408 McCarrell St McKeesport, PA	4.0	1.0	1430	$1,195	$0.84	24d	1	0.73mi
3506 Mayfair St Unit B McKeesport, PA	2.0	1.0	948	$1,200	$1.27	44d	1	0.81mi
3710 Mayfair St McKeesport, PA	3.0	1.5	1314	$1,095	$0.83	3d	1	0.90mi
3211 Walnut St McKeesport, PA	4.0	1.0	1434	$1,500	$1.05	8d	1	0.93mi
306 Laredo St McKeesport, PA	2.0	1.0	928	$995	$1.07	44d	1	0.96mi
1805 Gray St McKeesport, PA	3.0	1.0	1136	$1,600	$1.41	2d	1	1.02mi
2212 Cronemeyer St McKeesport, PA	3.0	1.0	1720	$1,375	$0.80	44d	1	1.12mi
1108 Prescott St White Oak, PA	2.0	1.0	945	$1,200	$1.27	13d	1	1.33mi
1318 Maryland Ave West Mifflin, PA	3.0	1.0	1408	$1,695	$1.20	44d	1	1.37mi

Listing history 21 events

1. 2026-06-18
   days on market $64,999 Active 133 DOM
2. 2026-06-17
   days on market $64,999 Active 132 DOM
3. 2026-06-16
   days on market $64,999 Active 131 DOM
4. 2026-06-15
   days on market $64,999 Active 130 DOM
5. 2026-06-13
   days on market $64,999 Active 128 DOM
6. 2026-06-13
   days on market $64,999 Active 127 DOM
7. 2026-06-09
   days on market $64,999 Active 124 DOM
8. 2026-06-08
   days on market $64,999 Active 123 DOM
9. 2026-06-07
   days on market $64,999 Active 122 DOM
10. 2026-06-03
    days on market $64,999 Active 118 DOM
11. 2026-06-02
    days on market $64,999 Active 117 DOM
12. 2026-06-01
    days on market $64,999 Active 116 DOM
13. 2026-05-31
    days on market $64,999 Active 115 DOM
14. 2026-02-05
    listed $64,999 Active 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

15. 2026-01-29
    historical Expired 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

16. 2025-06-13
    status Active 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

17. 2025-05-26
    historical Contingent 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

18. 2025-03-05
    status Active 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

19. 2025-02-17
    historical Contingent 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

20. 2025-01-30
    listed $64,999 Active 533-char remark

    Show marketing remark (533 chars)

    Welcome to 2003 Bailie Ave! Situated in the heart of Mckeesport!This property is perfect for a small to moderate sized family. Conveniently located near local shopping, public transit and dining, this property has much to offer! With easy access to anywhere in the city, this property is perfect for a RENTAL, an INVESTOR or a first time home buyer who wants a blank canvas to put in the effort to create the house of their dreams. Main Floor has Original charm newer boiler and lots of future flexible uses for this home. Sold As-is

21. 1993-05-13
    soldstatus $16,000

ⓘ 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 ≥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: $15,193
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,215
• − Management: −$1,215
• − Depreciation: −$1,891
• Taxable income: $5,931
• Est. tax owed @ 24.0%: −$1,423
• After-tax cash flow: $5,189/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

+306.2% since first listed

8 events — show timeline

• 2026-02-05 Listed $64,999 West Penn MLS
• 2026-01-29 Delisted — West Penn MLS
• 2025-06-13 Relisted — West Penn MLS
• 2025-05-26 Contingent — West Penn MLS
• 2025-03-05 Relisted — West Penn MLS
• 2025-02-17 Contingent — West Penn MLS
• 2025-01-30 Listed $64,999 West Penn MLS
• 1993-05-13 Sold (Public Records) $16,000 Public Records