1809 Cornell St · McKeesport, PA 15132

$35,000

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 3 Days on market

Built 1895 1,437 sqft lot $34/sqft · 40% below area Est $59k · 40% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special! Opportunity awaits with this 2-bedroom, 1-bath home in McKeesport. This property is in need of a full renovation, making it an ideal project for investors, landlords, or rehabbers looking to add value. Despite the work needed, the home provides a solid starting point for your next investment. Features include a fenced yard, functional layout, and strong rental potential once renovated. Current market rents for 2-bedroom homes in the area are commonly in the $900-$1,200+ per month range, offering an attractive opportunity for long-term cash flow. Buyer to perform their own due diligence regarding condition and rental projections. Property is being sold strictly as-is. Bring

Key facts

• Fenced yard
• Functional layout
• 1,437 sq ft lot

Tags

• FENCED YARD
• FUNCTIONAL LAYOUT
• STRONG RENTAL POTENTIAL

Property features AI

Finance

• Financial info: Assessed value listed; Annual taxes listed

Exterior

• Parking: On-street parking
• Home design: 2-story residence; Resale property
• Exterior features: On-street parking; Small lot (0.033 acre)

Interior

• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Interior features: Carpet and tile flooring; Interior-entry basement; Has basement

🏷️ Possibly a rental listed for sale. The $35,000 price doesn't fit this home's estimated sale value (~$58,617) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $624 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Cap rate 27.7% vs local median 10.3% in McKeesport — 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 66/100 on livability (#1,089 in PA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, health & safety D, crime F.
• Mckeesport Area SD (suburban): math 11% / reading 28% proficiency, ranked #499 of 539 in PA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 113 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 37% of the median local income ($35k/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 $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 7y ago; this cycle's ask is 17% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,000

Questions for the listing agent

1. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 3.14% ✓
• Cap rate: 27.68%
• Cash-on-cash: 76.37%
• DSCR: 4.40
• GRM: 2.7

CMA / ARV

• ARV (median comp): $58,617
• List price: $35,000
• Delta: -24.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2325 Riverview St	0.59mi	2/1.0	1,056 (+3%)	16mo	$31,101	$29	54
2510 Oak St	0.60mi	3/1.0 (+1)	1,088 (+6%)	6mo	$19,000	$17	51
1606 Colfax St	0.41mi	2/1.0	1,120 (+9%)	24mo	$23,070	$21	45
320 Dersam St	0.71mi	2/1.0	909 (-11%)	5mo	$87,500	$96	44
2720 Garbett St	0.71mi	3/2.0 (+1)	888 (-13%)	2mo	$30,000	$34	34
2334 Riverview St	0.60mi	3/1.0 (+1)	1,163 (+14%)	14mo	$90,000	$77	32
418 25th St	0.74mi	3/1.0 (+1)	1,152 (+12%)	14mo	$199,999	$174	28
2610 Jenny Lind	0.72mi	2/1.0	875 (-15%)	18mo	$50,000	$57	27
2804 Garbett St	0.73mi	3/2.0 (+1)	1,152 (+12%)	21mo	$31,000	$27	18

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: 76.3%
• Equity multiple: 4.48×
• Total profit: $34,068
• Equity at exit: $5,219

10-year hold

• IRR: 80.0%
• Equity multiple: 9.25×
• Total profit: $80,886
• Equity at exit: $3,026

Cash invested: $9,800 (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 15132

• Home prices YoY: -32.9%
• Active inventory: 113
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,098 high
• Mortgage (P&I): −$184
• Tax from tax record: −$45 /mo · $546/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $624

Break-even live

Break-even rent $308

Max offer price $35,000

Occupancy floor 38%

Sensitivity live

Price	-10% $643	-5% $634	+0% $624	+5% $614	+10% $604
Rent	-10% $537	-5% $580	+0% $624	+5% $667	+10% $710
Rate	-1.0pp $641	-0.5pp $633	base $624	+0.5pp $615	+1.0pp $605

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1451 Jenny Lind St McKeesport, PA	3.0	1.5	1408	$1,150	$0.82	24d	1	0.13mi
604 Shaw Ave McKeesport, PA	2.0	1.0–1.5	800	$900	$1.12	13d	3	0.45mi
604 Shaw Ave Unit 102 McKeesport, PA	1.0	1.0	750	$750	$1.00	44d	1	0.45mi
604 Shaw Ave Unit 101 McKeesport, PA	2.0	1.5	1050	$900	$0.86	15d	1	0.45mi
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	44d	1	0.61mi
311-313 24th St McKeesport, PA	2.0	1.0	950	$900	$0.95	44d	1	0.66mi
306 Laredo St McKeesport, PA	2.0	1.0	928	$995	$1.07	44d	1	0.68mi
1805 Gray St McKeesport, PA	3.0	1.0	1136	$1,600	$1.41	2d	1	0.81mi
1506 Freemont St McKeesport, PA	3.0	2.0	1250	$1,295	$1.04	24d	1	0.82mi
1114-1116 Ohio St Unit 2R McKeesport, PA	2.0	1.0	878	$850	$0.97	17d	1	0.94mi
2918 Walnut St Apt 3 McKeesport, PA	2.0	1.0	800	$850	$1.06	44d	1	1.05mi
3506 Mayfair St Unit B McKeesport, PA	2.0	1.0	948	$1,200	$1.27	44d	1	1.19mi
3710 Mayfair St McKeesport, PA	3.0	1.5	1314	$1,095	$0.83	3d	1	1.28mi
1318 Maryland Ave West Mifflin, PA	3.0	1.0	1408	$1,695	$1.20	44d	1	1.29mi
1133 Maryland Ave Unit 3 Duquesne, PA	1.0	1.0	750	$1,150	$1.53	15d	1	1.30mi
1744 Highland Ave West Mifflin, PA	2.0	1.0	1100	$1,549	$1.41	4d	1	1.40mi
733 Memory Ln McKeesport, PA	2.0	1.0	850	$1,200	$1.41	24d	1	1.42mi

Listing history 38 events

1. 2026-06-18
   days on market $35,000 Active 3 DOM
2. 2026-06-17
   days on market $35,000 Active 2 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   pricedays on marketlisting id $35,000 Active 1 DOM
5. 2026-06-09
   days on market $44,000 Active 116 DOM
6. 2026-06-08
   days on market $44,000 Active 115 DOM
7. 2026-06-07
   days on market $44,000 Active 114 DOM
8. 2026-06-03
   days on market $44,000 Active 110 DOM
9. 2026-06-02
   days on market $44,000 Active 109 DOM
10. 2026-06-01
    days on market $44,000 Active 108 DOM
11. 2026-05-31
    days on market $44,000 Active 107 DOM
12. 2026-05-11
    price $44,000 253-char remark
13. 2026-05-01
    price $44,500 253-char remark
14. 2026-04-03
    price $47,500 253-char remark
15. 2026-03-15
    price $48,500 253-char remark
16. 2026-02-10
    listed $49,000 Active 253-char remark
17. 2025-11-20
    historical
18. 2025-07-15
    listed $50,000 Active
19. 2025-01-19
    price $47,200
20. 2024-11-22
    price $47,300
21. 2024-10-26
    price $47,400
22. 2024-10-02
    price $47,500
23. 2024-09-13
    price $48,000
24. 2024-07-29
    listed $50,000 Active
25. 2024-07-01
    status Active
26. 2024-07-01
    price $52,000
27. 2024-03-13
    listed $55,000 Active
28. 2023-09-22
    soldstatus $250,000
29. 2023-09-21
    soldstatus $49,000 Closed
30. 2023-07-16
    status Pending
31. 2023-05-23
    price $60,000
32. 2023-02-06
    listed $40,000 Active
33. 2019-11-01
    status Under Contract
34. 2019-10-31
    soldstatus $17,000 Sold
35. 2019-10-02
    historical Contingent
36. 2019-07-17
    status Active
37. 2019-06-18
    historical Contingent
38. 2019-04-05
    listed $24,900 Active

ⓘ 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: $546 · $45/mo
• Projected year-2 tax: $549 · $46/mo
• Expected delta: +$4/yr ($0/mo · 0.6%)

ⓘ 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,174
• − Mortgage interest: −$1,961
• − Property taxes: −$546
• − Insurance: −$175
• − Repairs & maintenance: −$1,054
• − Management: −$1,054
• − Depreciation: −$1,018
• Taxable income: $7,367
• Est. tax owed @ 24.0%: −$1,768
• After-tax cash flow: $5,716/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: Mckeesport Area SD
• NCES district ID: 4214940
• Math proficiency: 11% ▼ -9.00%
• Reading proficiency: 28% ▼ -10.00%
• Median HH income: $33,779
• Composite: 15.88/100
• National rank: #9257
• State rank: #499 of 539 in PA

Livability — McKeesport

• Score: 66/100
• State rank: #1089
• US rank: #12321

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: McKeesport, PA
• County: Allegheny County · 1,022,028 people
• City population: 25,010
• Metro: Pittsburgh, PA
• Population (ZIP): 18,898
• Household income: $35,397
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 1239.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 50% Black 35% Two or more races 10% Hispanic / Latino 4% Asian 1%
• Common ancestry: Romanian 5% Serbian 2% Scotch-Irish 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -71.01%
• Current HPI: 145.195
• Rent YoY: —
• 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

+40.6% since first listed

29 events — show timeline

• 2026-06-15 Price Changed $35,000 West Penn MLS
• 2026-06-15 Listed $29,999 West Penn MLS
• 2026-05-11 Price Changed $44,000 West Penn MLS
• 2026-05-01 Price Changed $44,500 West Penn MLS
• 2026-04-03 Price Changed $47,500 West Penn MLS
• 2026-03-15 Price Changed $48,500 West Penn MLS
• 2026-02-10 Listed $49,000 West Penn MLS
• 2025-11-20 Delisted — West Penn MLS
• 2025-07-15 Listed $50,000 West Penn MLS
• 2025-01-19 Price Changed $47,200 West Penn MLS
• 2024-11-22 Price Changed $47,300 West Penn MLS
• 2024-10-26 Price Changed $47,400 West Penn MLS
• 2024-10-02 Price Changed $47,500 West Penn MLS
• 2024-09-13 Price Changed $48,000 West Penn MLS
• 2024-07-29 Listed $50,000 West Penn MLS
• 2024-07-01 Relisted — West Penn MLS
• 2024-07-01 Price Changed $52,000 West Penn MLS
• 2024-03-13 Listed $55,000 West Penn MLS
• 2023-09-22 Sold (Public Records) $250,000 Public Records
• 2023-09-21 Sold (MLS) $49,000 West Penn MLS
• 2023-07-16 Pending — West Penn MLS
• 2023-05-23 Price Changed $60,000 West Penn MLS
• 2023-02-06 Listed $40,000 West Penn MLS
• 2019-11-01 Pending — West Penn MLS
• 2019-10-31 Sold (MLS) $17,000 West Penn MLS
• 2019-10-02 Contingent — West Penn MLS
• 2019-07-17 Relisted — West Penn MLS
• 2019-06-18 Contingent — West Penn MLS
• 2019-04-05 Listed $24,900 West Penn MLS

Property tax history

+6.2%/yr

Latest (2026): $546 · +0.0% YoY. Source: county tax records.