2419 Banker St · McKeesport, PA 15132

$85,000

3 bd · 1.0 ba · 1,942 sqft · SingleFamily public records · 38 Days on market

Built 1925 1,751 sqft lot $44/sqft · 9% below area Est $93k · 9% 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 +11.4/15.0
• 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 MLS

Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

Key facts

• 1,751 sq ft lot
• 2 parking spots
• Built 1925

Tags

• LARGE COVERED FRONT PORCH

Property features AI

Finance

• HOA & community: Public transportation nearby

Exterior

• Parking: On-street parking; 2 parking spaces (total)
• Utilities: Public water
• Home design: 2-story home; Resale property
• Construction: Vinyl siding; Asphalt roof
• Exterior features: Public water; 26 x 101 lot dimensions

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Gas heat; Heating present
• Interior features: Basement present

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.

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; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 45% 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 $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $85k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,450 (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 1925 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.56% ✓
• Cap rate: 11.57%
• Cash-on-cash: 18.86%
• DSCR: 1.84
• GRM: 5.3

CMA / ARV

• ARV (median comp): $93,047
• List price: $85,000
• Delta: -8.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2703 Grandview Ave	0.22mi	3/1.5	2,040 (+5%)	15mo	$24,000	$12	67
1410 Craig St	0.64mi	4/1.0 (+1)	2,006 (+3%)	2mo	$65,000	$32	58
2810 Jenny Lind St	0.65mi	3/1.0	1,852 (-5%)	6mo	$19,900	$11	57
2623 Grandview Ave	0.20mi	4/1.5 (+1)	1,660 (-14%)	3mo	$147,000	$89	57
405 Diehl Dr	0.65mi	3/1.5	1,725 (-11%)	4mo	$151,000	$88	46
3314 Versailles Ave	0.68mi	4/2.5 (+1)	1,976 (+2%)	12mo	$159,900	$81	44
2320 Milburn St Unit 1	0.37mi	3/2.0	1,667 (-14%)	18mo	$260,000	$156	40
1316 Craig St	0.67mi	3/1.5	1,653 (-15%)	4mo	$127,500	$77	39
3316 Stewart St	0.56mi	3/1.5	1,669 (-14%)	14mo	$143,000	$86	37
1208 Meadow St	0.73mi	4/2.0 (+1)	1,716 (-12%)	4mo	$110,000	$64	34
2714 Jenny Lind St	0.69mi	3/1.0	1,654 (-15%)	12mo	$46,400	$28	34
2811 Grover Ave	0.75mi	3/1.5	1,741 (-10%)	17mo	$11,000	$6	32

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: 10.7%
• Equity multiple: 1.43×
• Total profit: $10,123
• Equity at exit: $12,674

10-year hold

• IRR: 19.8%
• Equity multiple: 2.67×
• Total profit: $39,790
• Equity at exit: $7,349

Cash invested: $23,800 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,327 high
• Mortgage (P&I): −$446
• Tax from tax record: −$193 /mo · $2,318/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $374

Break-even live

Break-even rent $854

Max offer price $85,000

Occupancy floor 67%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2311 Grandview Ave McKeesport, PA	4.0	2.0	2550	$1,250	$0.49	17d	1	0.17mi
3710 Mayfair St McKeesport, PA	3.0	1.5	1314	$1,095	$0.83	2d	1	0.31mi
2408 McCarrell St McKeesport, PA	4.0	1.0	1430	$1,195	$0.84	23d	1	0.41mi
3211 Walnut St McKeesport, PA	4.0	1.0	1434	$1,500	$1.05	7d	1	0.67mi
1506 Freemont St McKeesport, PA	3.0	2.0	1250	$1,295	$1.04	23d	1	0.72mi
2807 Beaver St McKeesport, PA	4.0	2.0	1700	$1,200	$0.71	43d	1	0.72mi
2618 Poinsettia Dr White Oak, PA	4.0	1.0	1225	$1,599	$1.31	23d	1	0.78mi
1217 Scott St McKeesport, PA	3.0	1.0	1500	$1,165	$0.78	43d	1	0.99mi
2710 Henderson Rd White Oak, PA	3.0	1.5	1676	$1,675	$1.00	1d	1	1.05mi
2212 Cronemeyer St McKeesport, PA	3.0	1.0	1720	$1,375	$0.80	43d	1	1.36mi
1451 Jenny Lind St McKeesport, PA	3.0	1.5	1408	$1,150	$0.82	23d	1	1.41mi
1507 Carnegie Ave McKeesport, PA	3.0	1.5	1600	$1,699	$1.06	14d	1	1.43mi

Listing history 28 events

1. 2026-06-18
   days on market $85,000 Active 38 DOM
2. 2026-06-17
   days on market $85,000 Active 37 DOM
3. 2026-06-16
   days on market $85,000 Active 36 DOM
4. 2026-06-15
   days on market $85,000 Active 35 DOM
5. 2026-06-13
   days on market $85,000 Active 33 DOM
6. 2026-06-13
   days on market $85,000 Active 32 DOM
7. 2026-06-09
   days on market $85,000 Active 29 DOM
8. 2026-06-08
   days on market $85,000 Active 28 DOM
9. 2026-06-07
   days on market $85,000 Active 27 DOM
10. 2026-06-03
    days on market $85,000 Active 23 DOM
11. 2026-06-02
    days on market $85,000 Active 22 DOM
12. 2026-06-01
    days on market $85,000 Active 21 DOM
13. 2026-05-31
    days on market $85,000 Active 20 DOM
14. 2026-05-11
    listed $90,000 Active 308-char remark
15. 2026-04-23
    historical $1,095
16. 2026-04-07
    price $1,095
17. 2026-03-19
    listed $1,200
18. 2026-03-19
    historical $1,200
19. 2026-01-28
    listed $1,200
20. 2024-02-05
    soldstatus $34,000
21. 2024-01-31
    soldstatus $34,000 Closed 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

22. 2024-01-03
    status Pending 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

23. 2023-12-12
    price $39,000 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

24. 2023-11-21
    price $49,000 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

25. 2023-10-15
    price $59,000 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

26. 2023-07-31
    listed $67,000 Active 245-char remark

    Show marketing remark (245 chars)

    Enchanting three-bedroom residence situated in the lovely area of Mckeesport. Boasting spacious rooms flooded with natural light, this delightful house also offers a welcoming front porch, perfect for savoring the joys of summer and autumn days.

27. 2005-11-09
    soldstatus $70,000
28. 1994-09-26
    soldstatus $18,500

ⓘ 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: $2,318 · $193/mo
• Projected year-2 tax: $2,318 · $193/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 5/10 Major 9 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,925
• − Mortgage interest: −$4,761
• − Property taxes: −$2,318
• − Insurance: −$425
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$2,473
• Taxable income: $3,400
• Est. tax owed @ 24.0%: −$816
• After-tax cash flow: $3,673/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

+359.5% since first listed

16 events — show timeline

• 2026-05-29 Price Changed $85,000 West Penn MLS
• 2026-05-11 Listed $90,000 West Penn MLS
• 2026-04-23 Rental Removed $1,095 WPMLS
• 2026-04-07 Price Changed $1,095 WPMLS
• 2026-03-19 Listed for Rent $1,200 WPMLS
• 2026-03-19 Rental Removed $1,200 SHOWMOJO
• 2026-01-28 Listed for Rent $1,200 SHOWMOJO
• 2024-02-05 Sold (Public Records) $34,000 Public Records
• 2024-01-31 Sold (MLS) $34,000 West Penn MLS
• 2024-01-03 Pending — West Penn MLS
• 2023-12-12 Price Changed $39,000 West Penn MLS
• 2023-11-21 Price Changed $49,000 West Penn MLS
• 2023-10-15 Price Changed $59,000 West Penn MLS
• 2023-07-31 Listed $67,000 West Penn MLS
• 2005-11-09 Sold (Public Records) $70,000 Public Records
• 1994-09-26 Sold (Public Records) $18,500 Public Records

Property tax history

+6.2%/yr

Latest (2026): $2,318 · +0.0% YoY. Source: county tax records.