524 5th Ave · Carnegie, PA 15106

$174,500

3 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 54 Days on market

Built 1900 8,999 sqft lot $135/sqft · at area comps Est $167k · at est.

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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 +14.8/30.0
• ARV discount +5.4/15.0
• DSCR +4.5/10.0
• Livability +4.3/5.0
• 1% rule +4.0/10.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious move-in ready 3-bedroom colonial perched above Carnegie w/ sweeping views of Main Street. This solid, move-in ready home features an updated kitchen w/ solid wood cabinetry, white appliances, & room for eat-in dining. The living room & generous bedrooms offer wall-to-wall carpeting, including a spacious square 16x16 primary suite. The dining room features cherry-toned laminate floors & its own egress—ideal for a potential main level 4th bedroom or home office. Enjoy newer light gray laminate flooring in the kitchen & bath w/ full bathtub & a 1-year-old roof on both the home & the two-story storage building & 2-year-old furnace. Set back on a quiet dead-end street, the property offers privacy, a level front entry, & an expansive wraparound deck w/ covered & open areas. Dual road frontage on 5th Ave & Logan St. provides potential for added development or subdivision. A rare opportunity combining space, views, & value in a convenient Carnegie location.

Key facts

• Solid wood cabinetry
• 1 year old roof
• Updated kitchen

Tags

• UPDATED KITCHEN
• SOLID WOOD CABINETRY
• PRIVATE ENTRY
• BRAND NEW WATER LINE
• 2 YEAR OLD FURNACE
• 1 YEAR OLD ROOF

Property features AI

Exterior

• Parking: Off-street parking for 2 vehicles
• Utilities: Public water; Public sewer; Electric service (implied by appliances)
• Home design: 2 stories; Resale property; Composition roof; Frame construction
• Construction: Frame construction; Composition roof
• Exterior features: Public transportation access

Interior

• Kitchen: Refrigerator; Stove; Microwave; Dishwasher; Some electric appliances
• Bedrooms: Upper-level bedrooms (two listed: approx. 15x12 and 14x12)
• Flooring: Ceramic tile; Laminate; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas forced-air heating; Central air conditioning
• Interior features: Screens on windows; Pantry; Interior entry to basement
• Laundry & utility: Basement laundry (approx. 18x12)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $174k.

Deal economics

• At list price, monthly cash flow is $47 ($562/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (9.9% below list).
• Recommended offer: $157k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.5% in Carnegie — 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 86/100 on livability (#55 in PA, #344 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities D.
• Carlynton SD (suburban): math 29% / reading 52% proficiency, ranked #352 of 539 in PA (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Carnegie El Sch (math 30% / reading 52%, grade F, #932 of 1,518 statewide, top 62%, 359 students, 100% FRL); Carlynton Jshs (math 23% / reading 42%, grade F, #330 of 437 statewide, top 76%, 595 students, 86% FRL) — zoned schools average 93% FRL vs 42% district-wide (51 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.5%/yr); 68 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $31k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $174k implies a 693% 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 $157,272 (9.9% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 10% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.15%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (median comp): $166,731
• List price: $174,500
• Delta: 4.66%
• 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
307 1st Ave	0.29mi	3/1.5	1,335 (+4%)	3mo	$182,500	$137	76
810 Collier	0.29mi	3/2.0	1,368 (+6%)	1mo	$225,000	$164	72
709 Logan St	0.11mi	3/2.0	1,440 (+12%)	2mo	$71,000	$49	69
419 Glenn Ave	0.51mi	3/1.0	1,348 (+5%)	1mo	$245,000	$182	68
134 Boroview Ave	0.31mi	2/1.0 (-1)	1,206 (-6%)	4mo	$40,000	$33	67
843 Library Ave	0.50mi	3/2.0	1,257 (-2%)	3mo	$233,000	$185	66
559 Boquet St	0.67mi	3/2.0	1,288 (0%)	7mo	$185,568	$144	59
430 Hill St	0.39mi	2/1.5 (-1)	1,376 (+7%)	8mo	$231,800	$168	57
732 Orchard St	0.60mi	4/2.5 (+1)	1,322 (+3%)	2mo	$275,000	$208	55
30 Colecrest St	0.34mi	4/2.5 (+1)	1,134 (-12%)	7mo	$299,000	$264	48
998 Chartiers Ave	0.59mi	3/2.0	1,122 (-13%)	7mo	$85,000	$76	41
416 Reamer Ave	0.69mi	3/2.0	1,430 (+11%)	6mo	$240,000	$168	41

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 · 5.45% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.56×
• Total profit: $-21,303
• Equity at exit: $26,019

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,501
• Equity at exit: $15,088

Cash invested: $48,860 (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 15106

• Home prices YoY: -31.9%
• Rents YoY: 5.5%
• Active inventory: 68
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,573 high
• Mortgage (P&I): −$915
• Tax from tax record: −$208 /mo · $2,493/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $47

Break-even live

Break-even rent $1,513

Max offer price $174,500

Occupancy floor 92%

Sensitivity live

Price	-10% $146	-5% $96	+0% $47	+5% $-3	+10% $-52
Rent	-10% $-77	-5% $-15	+0% $47	+5% $109	+10% $171
Rate	-1.0pp $135	-0.5pp $91	base $47	+0.5pp $2	+1.0pp $-44

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: $43,625
• Closing costs: $5,235
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
312 Midland Ave Carnegie, PA	3.0	1.0	1332	$1,400	$1.05	45d	1	0.24mi
100 Branch St Carnegie, PA	3.0	1.0	1606	$1,590	$0.99	25d	1	0.39mi
230 Magazine St Unit 2 Carnegie, PA	2.0	1.0	1200	$1,295	$1.08	45d	1	0.40mi
303 Lexington Ct Carnegie, PA	2.0	1.0	1144	$1,200	$1.05	12d	1	0.45mi
356 Sunrise Dr Carnegie, PA	3.0	2.5	1728	$2,500	$1.45	25d	1	0.48mi
851 Kennedy St Carnegie, PA	3.0	1.0	1100	$1,800	$1.64	25d	1	0.51mi
525 Carothers Ave Ste 2 Carnegie, PA	3.0	1.0	1600	$1,000	$0.62	25d	1	0.51mi
834 Washington Ave Carnegie, PA	1.0–2.0	1.0–2.0	1026	$1,638	$1.60	4d	11	0.63mi
1900 Tee Ct Presto, PA	1.0–3.0	1.0–2.0	981	$2,128	$2.17	3d	9	0.91mi

Listing history 28 events

1. 2026-06-21
   days on market $174,500 Active 54 DOM
2. 2026-06-18
   days on market $174,500 Active 51 DOM
3. 2026-06-17
   days on market $174,500 Active 50 DOM
4. 2026-06-16
   days on market $174,500 Active 49 DOM
5. 2026-06-15
   days on market $174,500 Active 48 DOM
6. 2026-06-13
   days on market $174,500 Active 46 DOM
7. 2026-06-09
   days on market $174,500 Active 42 DOM
8. 2026-06-08
   days on market $174,500 Active 41 DOM
9. 2026-06-07
   days on market $174,500 Active 40 DOM
10. 2026-06-05
    pricedays on market $174,500 Active 37 DOM
11. 2026-06-03
    days on market $205,500 Active 36 DOM
12. 2026-06-02
    days on market $205,500 Active 35 DOM
13. 2026-06-01
    days on market $205,500 Active 34 DOM
14. 2026-05-31
    days on market $205,500 Active 33 DOM
15. 2026-04-28
    listed $205,500 Active 1424-char remark
16. 2025-12-23
    status Active 1057-char remark

    Show marketing remark (1057 chars)

    Welcome to this spacious move-in ready 3-bedroom colonial perched above Carnegie w/ sweeping views of Main Street. This solid, move-in ready home features an updated kitchen w/ solid wood cabinetry, white appliances, & room for eat-in dining. The living room & generous bedrooms offer wall-to-wall carpeting, including a spacious square 16x16 primary suite. The dining room features cherry-toned laminate floors & its own egress—ideal for a potential main level 4th bedroom or home office. Enjoy newer light gray laminate flooring in the kitchen & bath w/ full bathtub & a 1-year-old roof on both the home & the two-story storage building & 2-year-old furnace. Set back on a quiet dead-end street, the property offers privacy, a level front entry, & an expansive wraparound deck w/ covered & open areas. Dual road frontage on 5th Ave & Logan St. provides potential for added development or subdivision. A rare opportunity combining space, views, & value in a convenient Carnegie location.

17. 2025-12-09
    historical Contingent 1057-char remark

    Show marketing remark (1057 chars)

    Welcome to this spacious move-in ready 3-bedroom colonial perched above Carnegie w/ sweeping views of Main Street. This solid, move-in ready home features an updated kitchen w/ solid wood cabinetry, white appliances, & room for eat-in dining. The living room & generous bedrooms offer wall-to-wall carpeting, including a spacious square 16x16 primary suite. The dining room features cherry-toned laminate floors & its own egress—ideal for a potential main level 4th bedroom or home office. Enjoy newer light gray laminate flooring in the kitchen & bath w/ full bathtub & a 1-year-old roof on both the home & the two-story storage building & 2-year-old furnace. Set back on a quiet dead-end street, the property offers privacy, a level front entry, & an expansive wraparound deck w/ covered & open areas. Dual road frontage on 5th Ave & Logan St. provides potential for added development or subdivision. A rare opportunity combining space, views, & value in a convenient Carnegie location.

18. 2025-10-25
    listed $159,900 Active 1057-char remark

    Show marketing remark (1057 chars)

    Welcome to this spacious move-in ready 3-bedroom colonial perched above Carnegie w/ sweeping views of Main Street. This solid, move-in ready home features an updated kitchen w/ solid wood cabinetry, white appliances, & room for eat-in dining. The living room & generous bedrooms offer wall-to-wall carpeting, including a spacious square 16x16 primary suite. The dining room features cherry-toned laminate floors & its own egress—ideal for a potential main level 4th bedroom or home office. Enjoy newer light gray laminate flooring in the kitchen & bath w/ full bathtub & a 1-year-old roof on both the home & the two-story storage building & 2-year-old furnace. Set back on a quiet dead-end street, the property offers privacy, a level front entry, & an expansive wraparound deck w/ covered & open areas. Dual road frontage on 5th Ave & Logan St. provides potential for added development or subdivision. A rare opportunity combining space, views, & value in a convenient Carnegie location.

19. 2013-11-12
    listed $72,500

    Show marketing remark (321 chars)

    Lovely cottage in a private, wooded setting. Near the Busway. 2 story workshop/shed. 3 car off street parking pad. Great start or investment. Deck off 2nd floor bedroom onto large, level front yard. Covered proch off lower level living room with wooded view in rear. Property borders Logan Rd. in back. Move in condition.

20. 2009-09-17
    soldstatus $22,000
21. 2009-09-17
    price $23,000
22. 2009-05-28
    listed $22,000
23. 2006-04-17
    soldstatus $81,000
24. 2006-04-17
    soldstatus $81,000
25. 2005-12-12
    listed $81,000
26. 2005-08-15
    soldstatus $21,000
27. 2005-07-13
    listed $23,900
28. 2003-01-31
    soldstatus $42,500

ⓘ 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: $2,493 · $208/mo
• Projected year-2 tax: $2,625 · $219/mo
• Expected delta: +$132/yr (+$11/mo · 5.3%)

ⓘ 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 · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,873
• − Mortgage interest: −$9,775
• − Property taxes: −$2,493
• − Insurance: −$872
• − Repairs & maintenance: −$1,510
• − Management: −$1,510
• − Depreciation: −$5,076
• Taxable loss: −$2,364
• Est. tax savings @ 24.0%: +$567
• After-tax cash flow: $1,130/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: Carlynton SD
• NCES district ID: 4205040
• Math proficiency: 29% ▼ -15.00%
• Reading proficiency: 52% ▼ -11.00%
• Median HH income: $46,249
• Composite: 34.46/100
• National rank: #5192
• State rank: #352 of 539 in PA

Livability — Carnegie

• Score: 86/100
• State rank: #55
• US rank: #344

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carnegie, PA
• County: Allegheny County · 1,022,028 people
• City population: 19,244
• Metro: Pittsburgh, PA
• Population (ZIP): 19,244
• Household income: $77,247
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 410.0

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 (82%)
• Race & ethnicity: White 82% Black 8% Two or more races 6% Asian 2% Hispanic / Latino 2%
• Common ancestry: Romanian 11% Lithuanian 2% Subsaharan African 2%
• Foreign-born: 5%
• Languages at home: 94% English-only · Other Indo-European 2% Arabic 1% 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: ▼ -119.52%
• Current HPI: 255.0295
• Rent YoY: ▲ 5.45%
• 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

+310.6% since first listed

15 events — show timeline

• 2026-06-04 Price Changed $174,500 West Penn MLS
• 2026-04-28 Listed $205,500 West Penn MLS
• 2025-12-23 Relisted — West Penn MLS
• 2025-12-09 Contingent — West Penn MLS
• 2025-10-25 Listed $159,900 West Penn MLS
• 2013-11-12 Listed $72,500 West Penn MLS
• 2009-09-17 Price Changed $23,000 West Penn MLS
• 2009-09-17 Sold (MLS) $22,000 West Penn MLS
• 2009-05-28 Listed $22,000 West Penn MLS
• 2006-04-17 Sold (Public Records) $81,000 Public Records
• 2006-04-17 Sold (MLS) $81,000 West Penn MLS
• 2005-12-12 Listed $81,000 West Penn MLS
• 2005-08-15 Sold (MLS) $21,000 West Penn MLS
• 2005-07-13 Listed $23,900 West Penn MLS
• 2003-01-31 Sold (Public Records) $42,500 Public Records

Property tax history

+3.1%/yr

Latest (2026): $2,493 · +1.2% YoY. Source: county tax records.