108 Prospect St · East Pittsburgh, PA 15112

$39,000

3 bd · 1.5 ba · 1,440 sqft · SingleFamily public records · 38 Days on market

Built 1906 2,016 sqft lot $27/sqft · 62% below area ↓ 19% since listing

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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 +7.5/15.0
• Appreciation +5.5/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Welcome to 108 Prospect ! Investor Special in East Pittsburgh! Opportunity knocks at 108 Prospect Dr! This property is ready for a full renovation and offers the perfect chance for investors, flippers, or contractors looking to bring a home back to life. With solid bones and great potential, this property could be transformed into a profitable resale or long-term rental. Situated on a quiet street in East Pittsburgh, the home features a traditional layout and a manageable lot size, making it an ideal project for those looking to add value through a complete rehab. Whether you’re looking for your next flip or a BRRRR investment opportunity, this property provides a blank canvas to design and renovate to your vision. Conveniently located near major roadways, shopping, and local amenities, the upside here is clear for the right buyer willing to put in the work. Bring your contractor and imagination—this property is being sold as-is and requires a full renovation. A great opportunity to create value in an affordable entry point investment property.

Key facts

• Manageable yard
• 2,016 sq ft lot
• Built 1906

Tags

• MANAGEABLE YARD

Property features AI

Finance

• Other: Tax assessed value approximately $25,800
• Financial info: Annual taxes around $1,271

Exterior

• Home design: 2-story house
• Exterior features: Small lot (approximately 0.046 acres)

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: Resale condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $39k.

Deal economics

• At list price, monthly cash flow is $664 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Recommended offer: $38k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#1,022 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living A+; Watch: schools F, amenities F, employment F.
• Woodland Hills SD (suburban): math 13% / reading 30% proficiency, ranked #486 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 14 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• In year one you build about $642 of equity ($270 loan paydown + $372 appreciation (0.9% local appreciation)).
• At projected returns (0.9% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y ago; this cycle's ask has dropped $6k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $39k implies a 388% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $37,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-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. 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: 3.22% ✓
• Cap rate: 26.73%
• Cash-on-cash: 73.00%
• DSCR: 4.25
• GRM: 2.6

CMA / ARV

• ARV (median comp): $103,283
• List price: $39,000
• Delta: -62.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 Ivy St	0.70mi	3/1.0	1,440 (0%)	8mo	$27,000	$19	59
618 Bluff St	0.64mi	3/2.0	1,414 (-2%)	8mo	$115,000	$81	58
221 Ridge St	0.60mi	2/1.5 (-1)	1,456 (+1%)	9mo	$74,000	$51	58
373 Stewart St	0.58mi	3/2.5	1,516 (+5%)	9mo	$10,612	$7	53
424 Cline St	0.72mi	3/1.5	1,326 (-8%)	6mo	$35,500	$27	48
146 Highland Ave	0.53mi	3/1.0	1,229 (-15%)	1mo	$185,900	$151	48
820 Western Ave	0.64mi	3/1.5	1,568 (+9%)	15mo	$74,500	$48	43
1202 Ridge Ave	0.58mi	3/1.0	1,305 (-9%)	15mo	$18,000	$14	43
328 Center St	0.63mi	4/2.0 (+1)	1,600 (+11%)	3mo	$155,000	$97	43
523 Maple St	0.43mi	4/1.5 (+1)	1,250 (-13%)	15mo	$142,000	$114	40
186 Central Ave	0.65mi	3/1.0	1,285 (-11%)	16mo	$55,000	$43	37
275 Greensburg Pike	0.71mi	3/1.0	1,242 (-14%)	10mo	$45,000	$36	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.95% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 75.9%
• Equity multiple: 4.94×
• Total profit: $43,005
• Equity at exit: $13,220

10-year hold

• IRR: 76.9%
• Equity multiple: 10.10×
• Total profit: $99,364
• Equity at exit: $17,496

Cash invested: $10,920 (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 15112

• Home prices YoY: 0.5%
• Active inventory: 14
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,254 high
• Mortgage (P&I): −$205
• Tax from tax record: −$106 /mo · $1,271/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $664

Break-even live

Break-even rent $414

Max offer price $39,000

Occupancy floor 42%

Sensitivity live

Price	-10% $686	-5% $675	+0% $664	+5% $653	+10% $642
Rent	-10% $565	-5% $615	+0% $664	+5% $714	+10% $763
Rate	-1.0pp $684	-0.5pp $674	base $664	+0.5pp $654	+1.0pp $644

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: $9,750
• Closing costs: $1,170
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
906 Penn Ave Unit A Turtle Creek, PA	2.0	2.0	1122	$1,250	$1.11	44d	1	0.47mi
906 Penn Ave Unit D Turtle Creek, PA	3.0	2.0	1277	$1,400	$1.10	44d	1	0.47mi
530 Main St Unit 530 East Pittsburgh, PA	4.0	2.0	1578	$1,133	$0.72	44d	1	0.58mi
407 Bessemer Ave Unit 407-3 East Pittsburgh, PA	2.0	1.0	1280	$775	$0.61	44d	1	0.63mi
101 Center St East Pittsburgh, PA	3.0	1.0	1500	$1,505	$1.00	11d	1	0.70mi
400 Greensburg Pike North Versailles, PA	3.0	1.0	1324	$1,250	$0.94	44d	1	0.72mi
505 Washington St Turtle Creek, PA	2.0	1.0	1064	$1,200	$1.13	44d	1	0.79mi
342 Kenyon St Turtle Creek, PA	1.0–2.0	1.0	850	$1,155	$1.36	15d	6	0.83mi
227 Parklane Dr Unit Parklane Dr unit North Braddock, PA	3.0	1.0	1107	$1,500	$1.36	13d	1	0.86mi
1615 Lynn Ave Unit 2 Turtle Creek, PA	2.0	1.0	1100	$1,145	$1.04	44d	1	1.12mi
1806 Greensburg Ave North Versailles Township, PA	1.0–2.0	1.0	750	$1,015	$1.35	2d	10	1.13mi
1607 Girard Ave North Versailles, PA	3.0	2.0	1400	$1,595	$1.14	24d	1	1.15mi
287 Palma St North Versailles, PA	3.0	1.5	1008	$1,395	$1.38	44d	1	1.30mi
539 Atlantic Ave Unit 2 Pittsburgh, PA	3.0	1.0	1200	$995	$0.83	44d	1	1.37mi
610 Brown Ave Turtle Creek, PA	3.0	1.0	1268	$1,499	$1.18	5d	1	1.45mi

Listing history 19 events

1. 2026-06-18
   days on market $39,000 Active 38 DOM
2. 2026-06-17
   days on market $39,000 Active 37 DOM
3. 2026-06-16
   days on market $39,000 Active 36 DOM
4. 2026-06-15
   days on market $39,000 Active 35 DOM
5. 2026-06-13
   days on market $39,000 Active 33 DOM
6. 2026-06-09
   days on market $39,000 Active 29 DOM
7. 2026-06-08
   days on market $39,000 Active 28 DOM
8. 2026-06-07
   days on market $39,000 Active 27 DOM
9. 2026-06-05
   days on market $39,000 Active 24 DOM
10. 2026-06-03
    days on market $39,000 Active 23 DOM
11. 2026-06-02
    days on market $39,000 Active 22 DOM
12. 2026-06-01
    days on market $39,000 Active 21 DOM
13. 2026-05-31
    days on market $39,000 Active 20 DOM
14. 2026-05-09
    listed $45,000 Active 966-char remark
15. 2026-04-24
    historical Expired 1081-char remark

    Show marketing remark (1081 chars)

    Welcome to 108 Prospect ! Investor Special in East Pittsburgh! Opportunity knocks at 108 Prospect Dr! This property is ready for a full renovation and offers the perfect chance for investors, flippers, or contractors looking to bring a home back to life. With solid bones and great potential, this property could be transformed into a profitable resale or long-term rental. Situated on a quiet street in East Pittsburgh, the home features a traditional layout and a manageable lot size, making it an ideal project for those looking to add value through a complete rehab. Whether you’re looking for your next flip or a BRRRR investment opportunity, this property provides a blank canvas to design and renovate to your vision. Conveniently located near major roadways, shopping, and local amenities, the upside here is clear for the right buyer willing to put in the work. Bring your contractor and imagination—this property is being sold as-is and requires a full renovation. A great opportunity to create value in an affordable entry point investment property.

16. 2026-04-07
    listed $49,000 Active 1081-char remark

    Show marketing remark (1081 chars)

    Welcome to 108 Prospect ! Investor Special in East Pittsburgh! Opportunity knocks at 108 Prospect Dr! This property is ready for a full renovation and offers the perfect chance for investors, flippers, or contractors looking to bring a home back to life. With solid bones and great potential, this property could be transformed into a profitable resale or long-term rental. Situated on a quiet street in East Pittsburgh, the home features a traditional layout and a manageable lot size, making it an ideal project for those looking to add value through a complete rehab. Whether you’re looking for your next flip or a BRRRR investment opportunity, this property provides a blank canvas to design and renovate to your vision. Conveniently located near major roadways, shopping, and local amenities, the upside here is clear for the right buyer willing to put in the work. Bring your contractor and imagination—this property is being sold as-is and requires a full renovation. A great opportunity to create value in an affordable entry point investment property.

17. 2008-11-17
    soldstatus $8,000

    Show marketing remark (151 chars)

    ATTENTION INVESTORS! SOLID BRICK 2-STORY HOME OR RENTAL! SPIRAL STAIRS LEADING TO SPACIOUS ROOM! PRIVATE COVERED BACK PORCH!MOVE IN CONDITION! UPDATES!

18. 2007-10-25
    listed $14,900

    Show marketing remark (151 chars)

    ATTENTION INVESTORS! SOLID BRICK 2-STORY HOME OR RENTAL! SPIRAL STAIRS LEADING TO SPACIOUS ROOM! PRIVATE COVERED BACK PORCH!MOVE IN CONDITION! UPDATES!

19. 2005-08-08
    soldstatus $48,180

ⓘ 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: $1,271 · $106/mo
• Projected year-2 tax: $1,271 · $106/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,053
• − Mortgage interest: −$2,185
• − Property taxes: −$1,271
• − Insurance: −$195
• − Repairs & maintenance: −$1,204
• − Management: −$1,204
• − Depreciation: −$1,135
• Taxable income: $7,859
• Est. tax owed @ 24.0%: −$1,886
• After-tax cash flow: $6,085/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: Woodland Hills SD
• NCES district ID: 4216500
• Math proficiency: 13% ▼ -13.00%
• Reading proficiency: 30% ▼ -10.00%
• Median HH income: $41,803
• Composite: 18.31/100
• National rank: #8954
• State rank: #486 of 539 in PA

Livability — East Pittsburgh

• Score: 66/100
• State rank: #1022
• US rank: #11300

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Pittsburgh, PA
• Population (ZIP): 3,345

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 0.57)
• Race & ethnicity: Black 47% White 45% Two or more races 7% Hispanic / Latino 2%
• Common ancestry: Romanian 5% Serbian 1% Slovak 1%
• Foreign-born: 1%
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 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: ▲ 0.95%
• Current HPI: 176.5537
• Rent YoY: —
• Metro: —
• 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

-19.1% since first listed

7 events — show timeline

• 2026-05-29 Price Changed $39,000 West Penn MLS
• 2026-05-09 Listed $45,000 West Penn MLS
• 2026-04-24 Delisted — West Penn MLS
• 2026-04-07 Listed $49,000 West Penn MLS
• 2008-11-17 Sold (MLS) $8,000 West Penn MLS
• 2007-10-25 Listed $14,900 West Penn MLS
• 2005-08-08 Sold (Public Records) $48,180 Public Records

Property tax history

+1.7%/yr

Latest (2026): $1,271 · +6.2% YoY. Source: county tax records.