153 Hammer Ave · Johnstown, PA 15905

$52,500

6 bd · 4.0 ba · 1,456 sqft · MultiFamily · 78 Days on market

Built 1905 6,839 sqft lot $36/sqft · 23% below area Est $68k · 23% under

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

Key facts

• Covered porches
• Off street parking
• 2 unit property

Tags

• 2 UNIT PROPERTY
• COVERED PORCHES
• OFF STREET PARKING

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $52k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $658/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $52k).
• Recommended offer: $49k (6.0% below list) — sets the bar for market timing.
• Cap rate 36.4% vs local median 15.0% in Johnstown — 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 77/100 on livability (#363 in PA, #3,168 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime F, employment F.
• Greater Johnstown SD (urban): math 9% / reading 25% proficiency, ranked #509 of 539 in PA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 92 active listings in the ZIP; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($69k/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 $363 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Cambria County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 28y ago; this cycle's ask has dropped $20k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $52k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,350 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 4.25% ✓
• Cap rate: 36.38%
• Cash-on-cash: 107.47%
• DSCR: 5.78
• GRM: 2.0

CMA / ARV

• ARV (median comp): $68,225
• List price: $52,500
• Delta: -23.05%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 6.13×
• Total profit: $75,427
• Equity at exit: $7,828

10-year hold

• IRR: —
• Equity multiple: 12.84×
• Total profit: $173,995
• Equity at exit: $4,539

Cash invested: $14,700 (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 15905

• Home prices YoY: -31.1%
• Active inventory: 92
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,232 medium
• Mortgage (P&I): −$275
• Tax from tax record: −$150 /mo · $1,795/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $1,317

Break-even live

Break-even rent $566

Max offer price $52,500

Occupancy floor 36%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,232
Total (2 units)			$2,232

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: $13,125
• Closing costs: $1,575
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $52,500 Active 78 DOM
2. 2026-06-18
   days on market $52,500 Active 77 DOM
3. 2026-06-17
   days on market $52,500 Active 76 DOM
4. 2026-06-17
   status $52,500 Active 75 DOM
5. 2026-05-12
   status Pending 661-char remark

   Show marketing remark (661 chars)

   EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

6. 2026-04-02
   price $52,500 661-char remark

   Show marketing remark (661 chars)

   EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

7. 2026-03-12
   status Active 661-char remark

   Show marketing remark (661 chars)

   EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

8. 2025-12-22
   status Pending 661-char remark

   Show marketing remark (661 chars)

   EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

9. 2025-12-09
   price $54,900 661-char remark

   Show marketing remark (661 chars)

   EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

10. 2025-12-09
    status Active 661-char remark

    Show marketing remark (661 chars)

    EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

11. 2025-09-02
    price $50,000 661-char remark

    Show marketing remark (661 chars)

    EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

12. 2025-08-28
    status Active 661-char remark

    Show marketing remark (661 chars)

    EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

13. 2025-08-15
    status Pending 661-char remark

    Show marketing remark (661 chars)

    EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

14. 2025-08-14
    listed $72,500 Active 661-char remark

    Show marketing remark (661 chars)

    EXPAND YOUR REAL ESTATE INVESTMENT PORTFOLIO. .. well-maintained 2-unit property located in the City of Johnstown's 8th Ward. Each of the units include living room, kitchen, bedroom, and bath. Unit 2 has a 2nd bedroom and bonus room in attic. Unit 1 includes range/oven and Unit 2 has range/oven and refrigerator. Washer and dryer provided in basement for tenants usage. Covered porches and ample off-street parking. Conveniently located to recreation/entertainment venues, transportation, eateries, shopping, and hospital/medical facilities. Don't miss this opportunity - call today for details, to receive your TOUR PACKET, and to schedule your personal tour!

15. 2021-06-02
    soldstatus $31,500
16. 2021-05-28
    soldstatus $31,500 761-char remark

    Show marketing remark (761 chars)

    Well maintained, 2-unit property with great rental history. .. both units currently are rented! Lease in place till 08/2021. Steps from Roxbury Park and the bus stop. The 1st floor has 1 bedroom, 1 bath. .. the 2nd floor unit has 1 bedroom and 1 bath and a finished 3rd Floor. .. THE PROPERTY HAS ELECTRIC HEAT. .. THE TENANTS PAY THE ELECTRIC. .. The Seller pays water, sewer and garbage. .. each unit features a stove and one unit has a refrigerator. Each tenant has access to the basement to use the washer and dryer. The Seller is having the sewer work completed shortly. Lovely front porch to spend evenings relaxing and entertaining. Tons of off-street parking! This is the time to start an additional income stream!!! Call for your appointment today!!!

17. 2005-12-02
    soldstatus $42,000
18. 2005-12-02
    soldstatus $42,000
19. 2005-02-03
    listed $46,000
20. 1999-07-10
    soldstatus $43,900
21. 1998-10-01
    soldstatus $43,900
22. 1998-03-26
    listed $43,900
23. 1992-09-01
    soldstatus $27,000

ⓘ 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: $1,795 · $150/mo
• Projected year-2 tax: $1,795 · $150/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 ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,784
• − Mortgage interest: −$2,941
• − Property taxes: −$1,795
• − Insurance: −$262
• − Repairs & maintenance: −$2,143
• − Management: −$2,143
• − Depreciation: −$1,527
• Taxable income: $15,973
• Est. tax owed @ 24.0%: −$3,833
• After-tax cash flow: $11,965/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: Greater Johnstown SD
• NCES district ID: 4210950
• Math proficiency: 9% ▼ -6.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $27,890
• Composite: 13.25/100
• National rank: #9550
• State rank: #509 of 539 in PA

Livability — Johnstown

• Score: 77/100
• State rank: #363
• US rank: #3168

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, PA
• County: Cambria County · 30,791 people
• City population: 30,791
• Metro: Johnstown, PA
• Population (ZIP): 19,329
• Household income: $69,212
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 359.0

Population outlook (Cambria County) Hauer SSP2

• Today (2025): 122,754 people
• By 2030: 115,827 · -5.6%
• By 2040: 101,309 · -17.5%
• By 2050: 88,379 · -28.0%
• By 2075: 65,237 · -46.9%
• By 2100: 46,909 · -61.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Hispanic / Latino 2% Black 2%
• Common ancestry: Romanian 7% Scotch-Irish 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1%

Political lean MEDSL · Cambria

• 2024 margin: Solid R (+39.7) · D 29.8% · R 69.5%
• 2008→2024 swing: -40.4pp toward R · 2008: 0.7pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.3 2016: R+37.8 2012: R+17.8 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.18%
• Current HPI: 142.5218
• Rent YoY: —
• Metro: Johnstown, 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

+94.4% since first listed

19 events — show timeline

• 2026-05-12 Pending — CSMLS
• 2026-04-02 Price Changed $52,500 CSMLS
• 2026-03-12 Relisted — CSMLS
• 2025-12-22 Pending — CSMLS
• 2025-12-09 Price Changed $54,900 CSMLS
• 2025-12-09 Relisted — CSMLS
• 2025-09-02 Price Changed $50,000 CSMLS
• 2025-08-28 Relisted — CSMLS
• 2025-08-15 Pending — CSMLS
• 2025-08-14 Listed $72,500 CSMLS
• 2021-06-02 Sold (Public Records) $31,500 Public Records
• 2021-05-28 Sold (MLS) $31,500 CSMLS
• 2005-12-02 Sold (Public Records) $42,000 Public Records
• 2005-12-02 Sold (MLS) $42,000 CSMLS
• 2005-02-03 Listed $46,000 CSMLS
• 1999-07-10 Sold (MLS) $43,900 CSMLS
• 1998-10-01 Sold (Public Records) $43,900 Public Records
• 1998-03-26 Listed $43,900 CSMLS
• 1992-09-01 Sold (Public Records) $27,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $1,795 · +0.0% YoY. Source: county tax records.