212 Sheridan St · Millvale, PA 15209

$112,500

1 bd · 1.0 ba · 616 sqft · SingleFamily public records · 32 Days on market

Built 1900 670 sqft lot

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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 +27.1/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

Key facts

• Extra storage
• Open rear patio
• Conveniently located

Tags

• SPACIOUS EAT-IN KITCHEN
• OPEN REAR PATIO
• OFF-STREET PARKING SPACE
• CLEAN-KEPT UNFINISHED BASEMENT
• EXTRA STORAGE
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Off-street parking for 1 vehicle
• Utilities: Public water; Public sewer
• Home design: 2-story house
• Construction: Aluminum siding; Asphalt roof; Home warranty included
• Exterior features: Small lot; Resale condition

Interior

• Kitchen: Kitchen (approx. 12 x 10); Gas stove; Microwave; Refrigerator
• Bedrooms: Upper bedroom (approx. 14 x 15)
• Flooring: Tile; Vinyl; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air gas heating; Wall/window cooling units
• Interior features: Multi-pane windows with window treatments; Storage space in basement
• Laundry & utility: Main-level laundry with washer and dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $112k.

Deal economics

• At list price, monthly cash flow is $-143 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $87k (22.5% below list).
• Meets the 1% rule at list price ($1k rent vs $112k).
• Recommended offer: $87k (22.5% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 85/100 on livability (#75 in PA, #544 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Shaler Area SD (suburban): math 36% / reading 59% proficiency, ranked #208 of 539 in PA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Shaler Area Hs (math 61% / reading 10%, grade F, #308 of 437 statewide, top 71%, 1,225 students, 36% FRL).
• Zoned-school proficiency averages 36% at this address vs 48% district-wide (-12 pts) — the specific schools serving this property underperform the Shaler Area SD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.3%/yr); 27 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 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 $778 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago 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 $92k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,160 (22.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.15% ✓
• Cap rate: 9.67%
• Cash-on-cash: 12.08%
• DSCR: 1.54
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.31% rent growth · sell at horizon

5-year hold

• IRR: -21.3%
• Equity multiple: 0.24×
• Total profit: $-24,044
• Equity at exit: $16,774

10-year hold

• IRR: -8.1%
• Equity multiple: 0.41×
• Total profit: $-18,470
• Equity at exit: $9,727

Cash invested: $31,500 (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 15209

• Home prices YoY: -27.7%
• Rents YoY: 5.3%
• Active inventory: 27
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$590
• Tax from tax record: −$65 /mo · $779/yr
• Insurance: −$47
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $-143

Break-even live

Break-even rent $1,471

Max offer price $87,160

Occupancy floor —

Sensitivity live

Price	-10% $-80	-5% $-112	+0% $-143	+5% $-175	+10% $-207
Rent	-10% $-245	-5% $-194	+0% $-143	+5% $-93	+10% $-42
Rate	-1.0pp $-87	-0.5pp $-115	base $-143	+0.5pp $-173	+1.0pp $-202

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: $28,125
• Closing costs: $3,375
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
110 Butler St Unit 105 Pittsburgh, PA	—	1.0	380	$950	$2.50	23d	1	0.13mi
110 Butler St Unit 402 Pittsburgh, PA	1.0	1.0	508	$1,000	$1.97	4d	1	0.13mi
4107 Willow St Pittsburgh, PA	2.0	1.0–2.0	917	$2,480	$2.70	3d	28	0.62mi
147 39th St Pittsburgh, PA	3.0	1.0–2.0	934	$1,994	$2.13	3d	44	0.76mi
1123 Evergreen Rd Unit 3 Pittsburgh, PA	1.0	1.0	600	$750	$1.25	25d	1	0.88mi
1123 Evergreen Rd Unit 3 Pittsburgh, PA	1.0	1.0	600	$750	$1.25	45d	1	0.88mi
5275 Butler St Pittsburgh, PA	2.0	1.0–2.0	885	$2,908	$3.29	3d	130	0.90mi
265 46th St Pittsburgh, PA	1.0–3.0	1.0–1.5	883	$2,045	$2.31	6d	10	0.90mi
2939 Smallman St Pittsburgh, PA	3.0	1.0–2.0	919	$2,793	$3.04	3d	53	1.45mi
2930 Smallman St Pittsburgh, PA	3.0	1.0–2.0	872	$2,700	$3.09	9d	56	1.46mi
2926 Smallman St Pittsburgh, PA	3.0	1.0–2.0	871	$2,700	$3.10	16d	52	1.47mi

Listing history 22 events

1. 2026-06-21
   days on market $112,500 Active 32 DOM
2. 2026-06-18
   days on market $112,500 Active 29 DOM
3. 2026-06-17
   days on market $112,500 Active 28 DOM
4. 2026-06-16
   days on market $112,500 Active 27 DOM
5. 2026-06-15
   days on market $112,500 Active 26 DOM
6. 2026-06-13
   days on market $112,500 Active 24 DOM
7. 2026-06-13
   pricedays on market $112,500 Active 23 DOM
8. 2026-06-09
   days on market $115,000 Active 20 DOM
9. 2026-06-08
   days on market $115,000 Active 19 DOM
10. 2026-06-07
    days on market $115,000 Active 18 DOM
11. 2026-06-03
    days on market $115,000 Active 14 DOM
12. 2026-06-02
    days on market $115,000 Active 13 DOM
13. 2026-06-01
    days on market $115,000 Active 12 DOM
14. 2026-05-31
    days on market $115,000 Active 11 DOM
15. 2026-05-20
    listed $115,000 Active
16. 2022-09-29
    soldstatus $92,000
17. 2022-09-26
    soldstatus $92,000 Closed 501-char remark

    Show marketing remark (501 chars)

    A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

18. 2022-08-24
    historical Contingent 501-char remark

    Show marketing remark (501 chars)

    A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

19. 2022-08-18
    price $95,000 501-char remark

    Show marketing remark (501 chars)

    A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

20. 2022-07-12
    price $99,900 501-char remark

    Show marketing remark (501 chars)

    A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

21. 2022-06-20
    listed $107,000 Active 501-char remark

    Show marketing remark (501 chars)

    A perfect location to take in all the action Millvale has to offer! Easily walk to restaurants, Mr. Smalls music venue, stores, and everything else. Move in right away to this very well maintained rowhouse end unit. The cozy home boasts brand new luxury vinyl plank floors, new carpet, a spacious kitchen with laundry, large bedroom, and an open back patio complete with a personal off street parking spot. Plenty of extra storage in the very clean basement. This one is ready for your personal touch!

22. 2004-12-08
    soldstatus $7,000

ⓘ 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: $779 · $65/mo
• Projected year-2 tax: $1,278 · $107/mo
• Expected delta: +$499/yr (+$42/mo · 64.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,474
• − Mortgage interest: −$6,302
• − Property taxes: −$779
• − Insurance: −$6,088
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$3,273
• Taxable loss: −$3,443
• Est. tax savings @ 24.0%: +$826
• After-tax cash flow: $-895/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: Shaler Area SD
• NCES district ID: 4221200
• Math proficiency: 36% ▼ -16.00%
• Reading proficiency: 59% ▼ -15.00%
• Median HH income: $57,411
• Composite: 41.33/100
• National rank: #3506
• State rank: #208 of 539 in PA

Livability — Millvale

• Score: 85/100
• State rank: #75
• US rank: #544

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millvale, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 12,328
• Household income: $85,542
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 356.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 3% Black 3% Two or more races 2% Asian 1%
• Common ancestry: Romanian 13% Serbian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Arabic 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: ▼ -117.81%
• Current HPI: 307.7796
• Rent YoY: ▲ 5.31%
• 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

+1542.9% since first listed

8 events — show timeline

• 2026-05-20 Listed $115,000 West Penn MLS
• 2022-09-29 Sold (Public Records) $92,000 Public Records
• 2022-09-26 Sold (MLS) $92,000 West Penn MLS
• 2022-08-24 Contingent — West Penn MLS
• 2022-08-18 Price Changed $95,000 West Penn MLS
• 2022-07-12 Price Changed $99,900 West Penn MLS
• 2022-06-20 Listed $107,000 West Penn MLS
• 2004-12-08 Sold (Public Records) $7,000 Public Records

Property tax history

+2.9%/yr

Latest (2026): $779 · +13.0% YoY. Source: county tax records.