1516 Pennsylvania Ave · Steubenville, OH 43952

$115,000

4 bd · 2.0 ba · 1,665 sqft · SingleFamily public records · 125 Days on market

Built 1910 4,791 sqft lot $69/sqft · 128% above area

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• Schools +6.0/10.0
• 1% rule +5.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully remodeled duplex offering modern updates and immediate income potential. Each unit features a spacious 2-bedroom, 1-bath layout with fresh paint and new vinyl flooring throughout. Interiors provide a bright, open feel with generously sized rooms and abundant natural sunlight, creating comfortable and functional living spaces. Major improvements include a new roof along with a furnace and water tank replaced in 2023, reducing future maintenance concerns. One unit is currently occupied while the second unit is vacant, providing flexibility for an owner-occupant or additional rental opportunity. Conveniently located approximately 5 minutes from Franciscan University, near shopping and everyday amenities, and within 30 minutes of Pittsburgh International Airport. Schedule your private tour TODAY!

Key facts

• Remodeled duplex
• Water tank replaced
• Modern updates

Tags

• REMODELED DUPLEX
• MODERN UPDATES
• NEW ROOF
• FURNACE REPLACED
• WATER TANK REPLACED
• NEAR SHOPPING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $303 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 5.2% in Steubenville — 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 76/100 on livability (#214 in OH, #3,318 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• Steubenville City (urban): math 74% / reading 71% proficiency, ranked #150 of 656 in OH (top 23%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 98 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($48k/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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $115k implies a 411% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 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 1910 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.09% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.28%
• DSCR: 1.50
• GRM: 7.6

CMA / ARV

• ARV (median comp): $50,410
• List price: $115,000
• Delta: 128.13%
• 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
742 Kendall Ave	0.15mi	3/1.0 (-1)	1,676 (+1%)	10mo	$20,000	$12	74
1816 Norton Pl	0.43mi	3/2.5 (-1)	1,664 (-0%)	6mo	$287,000	$172	68
1237 Maryland Ave	0.25mi	3/1.0 (-1)	1,630 (-2%)	12mo	$60,500	$37	66
1312 Wellesley Ave	0.22mi	3/2.0 (-1)	1,470 (-12%)	5mo	$31,000	$21	61
1144 Oregon Ave	0.35mi	4/1.5	1,789 (+7%)	11mo	$145,000	$81	60
1318 Pennsylvania Ave	0.19mi	3/1.0 (-1)	1,512 (-9%)	10mo	$10,000	$7	59
749 Kendall Ave	0.17mi	3/1.0 (-1)	1,497 (-10%)	11mo	$15,000	$10	57
1222 Oregon Ave	0.29mi	3/1.0 (-1)	1,424 (-14%)	3mo	$12,500	$9	51
1810 Mary Ave	0.50mi	3/1.0 (-1)	1,538 (-8%)	7mo	$136,000	$88	49
1855 Plum St	0.51mi	4/2.0	1,468 (-12%)	9mo	$125,000	$85	49
435 Lawson Ave	0.60mi	3/2.0 (-1)	1,512 (-9%)	11mo	$15,000	$10	42
305 Murphy Ave	0.50mi	3/1.5 (-1)	1,428 (-14%)	8mo	$130,000	$91	39

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $591
• Equity at exit: $17,147

10-year hold

• IRR: 10.1%
• Equity multiple: 1.78×
• Total profit: $25,140
• Equity at exit: $9,943

Cash invested: $32,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43952

• Active inventory: 98
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,253 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$36 /mo · $434/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $303

Break-even live

Break-even rent $870

Max offer price $115,000

Occupancy floor 71%

Sensitivity live

Price	-10% $368	-5% $335	+0% $303	+5% $270	+10% $238
Rent	-10% $204	-5% $253	+0% $303	+5% $352	+10% $402
Rate	-1.0pp $361	-0.5pp $332	base $303	+0.5pp $273	+1.0pp $242

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1646 Ridge Ave Steubenville, OH	3.0	1.0	1220	$700	$0.57	44d	1	0.19mi

Listing history 30 events

1. 2026-06-19
   days on market $115,000 Active 125 DOM
2. 2026-06-18
   days on market $115,000 Active 124 DOM
3. 2026-06-17
   days on market $115,000 Active 123 DOM
4. 2026-06-16
   days on market $115,000 Active 122 DOM
5. 2026-06-15
   days on market $115,000 Active 121 DOM
6. 2026-06-14
   days on market $115,000 Active 119 DOM
7. 2026-06-12
   days on market $115,000 Active 118 DOM
8. 2026-06-09
   days on market $115,000 Active 115 DOM
9. 2026-06-08
   pricedays on market $115,000 Active 114 DOM
10. 2026-06-07
    days on market $119,000 Active 113 DOM
11. 2026-06-05
    days on market $119,000 Active 111 DOM
12. 2026-06-04
    days on market $119,000 Active 109 DOM
13. 2026-06-02
    days on market $119,000 Active 108 DOM
14. 2026-06-01
    days on market $119,000 Active 107 DOM
15. 2026-05-31
    days on market $119,000 Active 106 DOM
16. 2026-05-31
    days on market $119,000 Active 105 DOM
17. 2026-05-10
    price $119,000 809-char remark

    Show marketing remark (809 chars)

    Fully remodeled duplex offering modern updates and immediate income potential. Each unit features a spacious 2-bedroom, 1-bath layout with fresh paint and new vinyl flooring throughout. Interiors provide a bright, open feel with generously sized rooms and abundant natural sunlight, creating comfortable and functional living spaces. Major improvements include a new roof along with a furnace and water tank replaced in 2023, reducing future maintenance concerns. One unit is currently occupied while the second unit is vacant, providing flexibility for an owner-occupant or additional rental opportunity. Conveniently located approximately 5 minutes from Franciscan University, near shopping and everyday amenities, and within 30 minutes of Pittsburgh International Airport. Schedule your private tour TODAY!

18. 2026-04-13
    price $125,000 809-char remark

    Show marketing remark (809 chars)

    Fully remodeled duplex offering modern updates and immediate income potential. Each unit features a spacious 2-bedroom, 1-bath layout with fresh paint and new vinyl flooring throughout. Interiors provide a bright, open feel with generously sized rooms and abundant natural sunlight, creating comfortable and functional living spaces. Major improvements include a new roof along with a furnace and water tank replaced in 2023, reducing future maintenance concerns. One unit is currently occupied while the second unit is vacant, providing flexibility for an owner-occupant or additional rental opportunity. Conveniently located approximately 5 minutes from Franciscan University, near shopping and everyday amenities, and within 30 minutes of Pittsburgh International Airport. Schedule your private tour TODAY!

19. 2026-03-18
    price $129,900 809-char remark

    Show marketing remark (809 chars)

    Fully remodeled duplex offering modern updates and immediate income potential. Each unit features a spacious 2-bedroom, 1-bath layout with fresh paint and new vinyl flooring throughout. Interiors provide a bright, open feel with generously sized rooms and abundant natural sunlight, creating comfortable and functional living spaces. Major improvements include a new roof along with a furnace and water tank replaced in 2023, reducing future maintenance concerns. One unit is currently occupied while the second unit is vacant, providing flexibility for an owner-occupant or additional rental opportunity. Conveniently located approximately 5 minutes from Franciscan University, near shopping and everyday amenities, and within 30 minutes of Pittsburgh International Airport. Schedule your private tour TODAY!

20. 2026-02-14
    listed $145,500 Active 809-char remark

    Show marketing remark (809 chars)

    Fully remodeled duplex offering modern updates and immediate income potential. Each unit features a spacious 2-bedroom, 1-bath layout with fresh paint and new vinyl flooring throughout. Interiors provide a bright, open feel with generously sized rooms and abundant natural sunlight, creating comfortable and functional living spaces. Major improvements include a new roof along with a furnace and water tank replaced in 2023, reducing future maintenance concerns. One unit is currently occupied while the second unit is vacant, providing flexibility for an owner-occupant or additional rental opportunity. Conveniently located approximately 5 minutes from Franciscan University, near shopping and everyday amenities, and within 30 minutes of Pittsburgh International Airport. Schedule your private tour TODAY!

21. 2024-11-05
    soldstatus $22,500 Closed 170-char remark

    Show marketing remark (170 chars)

    Investment opportunity available in Steubenville! Add this property to your rental portfolio, or live in one unit while renting the other! Call now to schedule a showing!

22. 2024-10-20
    status Pending 170-char remark

    Show marketing remark (170 chars)

    Investment opportunity available in Steubenville! Add this property to your rental portfolio, or live in one unit while renting the other! Call now to schedule a showing!

23. 2024-09-26
    listed $34,900 Active 170-char remark

    Show marketing remark (170 chars)

    Investment opportunity available in Steubenville! Add this property to your rental portfolio, or live in one unit while renting the other! Call now to schedule a showing!

24. 2022-12-28
    soldstatus $25,000 Closed
25. 2022-12-07
    status Pending
26. 2022-11-14
    price $29,900
27. 2022-10-31
    price $39,900
28. 2022-10-18
    listed $44,900 Active
29. 2019-04-02
    soldstatus $100,000
30. 1986-12-03
    soldstatus $54,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $434 · $36/mo
• Projected year-2 tax: $1,114 · $93/mo
• Expected delta: +$680/yr (+$57/mo · 156.8%)

ⓘ 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 3/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,034
• − Mortgage interest: −$6,442
• − Property taxes: −$434
• − Insurance: −$575
• − Repairs & maintenance: −$1,203
• − Management: −$1,203
• − Depreciation: −$3,345
• Taxable income: $1,833
• Est. tax owed @ 24.0%: −$440
• After-tax cash flow: $3,191/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: Steubenville City
• NCES district ID: 3904482
• Math proficiency: 74% ▼ -15.00%
• Reading proficiency: 71% ▼ -11.00%
• Median HH income: $29,668
• Composite: 59.52/100
• National rank: #920
• State rank: #150 of 656 in OH

Livability — Steubenville

• Score: 76/100
• State rank: #214
• US rank: #3318

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steubenville, OH
• County: Jefferson County · 17,836 people
• City population: 17,836
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 17,836
• Household income: $47,624
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 601.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 13% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.13%
• Current HPI: 183.5034
• Rent YoY: —
• Metro: Weirton-Steubenville, WV-OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+120.4% since first listed

14 events — show timeline

• 2026-05-10 Price Changed $119,000 MLSNOW
• 2026-04-13 Price Changed $125,000 MLSNOW
• 2026-03-18 Price Changed $129,900 MLSNOW
• 2026-02-14 Listed $145,500 MLSNOW
• 2024-11-05 Sold (MLS) $22,500 MLSNOW
• 2024-10-20 Pending — MLSNOW
• 2024-09-26 Listed $34,900 MLSNOW
• 2022-12-28 Sold (MLS) $25,000 MLSNOW
• 2022-12-07 Pending — MLSNOW
• 2022-11-14 Price Changed $29,900 MLSNOW
• 2022-10-31 Price Changed $39,900 MLSNOW
• 2022-10-18 Listed $44,900 MLSNOW
• 2019-04-02 Sold (Public Records) $100,000 Public Records
• 1986-12-03 Sold (Public Records) $54,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $434 · +1.5% YoY. Source: county tax records.