743 Indiana Ave · Glassport, PA 15045

$15,000

3 bd · 2.0 ba · 2,530 sqft · MultiFamily public records · 66 Days on market

Built 1900 2,530 sqft lot ↓ 40% since listing

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Why this score? — see what drove the D+ 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 +7.5/15.0
• Appreciation +5.1/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Duplex Up & Down, All Separate Utilities, 3 Bedrooms Each Unit. Bank-Owned Property. Sold As-Is.

Key facts

• Nearby attractions
• 2,530 sq ft lot
• Built 1900

Tags

• TWO STORY DETACHED HOME
• LOCATED IN GLASSPORT PA
• NEARBY ATTRACTIONS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $15k.

Deal economics

• At list price, monthly cash flow is $976 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $14k (6.0% below list) — sets the bar for market timing.
• Cap rate 88.8% vs local median 8.4% in Glassport — 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 71/100 on livability (#716 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: crime C-, employment D+, schools D-.
• South Allegheny SD (suburban): math 23% / reading 44% proficiency, ranked #430 of 539 in PA (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 24 active listings in the ZIP; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• In year one you build about $131 of equity ($104 loan paydown + $27 appreciation (0.2% local appreciation)).
• At projected returns (0.2% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($14k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $2k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $14,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 9.58% ✓
• Cap rate: 88.81%
• Cash-on-cash: 294.69%
• DSCR: 14.11
• GRM: 0.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 15.74×
• Total profit: $61,897
• Equity at exit: $4,490

10-year hold

• IRR: —
• Equity multiple: 33.45×
• Total profit: $136,270
• Equity at exit: $5,505

Cash invested: $4,200 (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 15045

• Home prices YoY: 0.1%
• Active inventory: 24
• Price-to-rent: 0.9×

Monthly cashflow live

• Estimated rent: $1,437 medium
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $976

Break-even live

Break-even rent $202

Max offer price $15,000

Occupancy floor 27%

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

Listing history 25 events

1. 2026-03-26
   status Pending
2. 2026-03-13
   price $15,000
3. 2026-01-19
   listed $17,000 Active
4. 2026-01-03
   historical
5. 2025-11-25
   price $17,000
6. 2025-11-13
   price $20,000
7. 2025-11-07
   price $30,000
8. 2025-09-10
   price $20,000
9. 2025-09-10
   status Active
10. 2025-09-07
    historical
11. 2025-09-02
    price $30,000
12. 2025-07-31
    price $20,000
13. 2025-06-02
    price $40,000
14. 2025-05-07
    status Active
15. 2025-05-06
    historical
16. 2025-04-14
    price $45,000
17. 2025-03-28
    price $20,000
18. 2025-03-21
    price $25,000
19. 2025-02-11
    listed $30,000 Active
20. 2017-07-03
    soldstatus $63,000
21. 2007-09-10
    soldstatus $18,500
22. 2007-07-03
    soldstatus $18,500 102-char remark

    Show marketing remark (102 chars)

    Duplex Up & Down, All Separate Utilities, 3 Bedrooms Each Unit. Bank-Owned Property. Sold As-Is.

23. 2007-01-12
    listed $24,900 102-char remark

    Show marketing remark (102 chars)

    Duplex Up & Down, All Separate Utilities, 3 Bedrooms Each Unit. Bank-Owned Property. Sold As-Is.

24. 2002-10-10
    soldstatus $25,000
25. 1992-11-09
    soldstatus $25,000

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% 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 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,242
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$742
• − Repairs & maintenance: −$1,379
• − Management: −$1,379
• − Depreciation: −$436
• Taxable income: $12,240
• Est. tax owed @ 24.0%: −$2,938
• After-tax cash flow: $8,773/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: South Allegheny SD
• NCES district ID: 4221910
• Math proficiency: 23% ▼ -10.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $40,891
• Composite: 28.15/100
• National rank: #6815
• State rank: #430 of 539 in PA

Livability — Glassport

• Score: 71/100
• State rank: #716
• US rank: #7113

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glassport, PA
• City population: 4,400
• Population (ZIP): 4,400

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 (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Black 4% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 18% Portuguese 6% Serbian 6%
• Foreign-born: 1% · South Korea, Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1% Korean 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: ▲ 0.18%
• Current HPI: 214.7403
• Rent YoY: —
• Metro: —
• 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

-40.0% since first listed

25 events — show timeline

• 2026-03-26 Pending — BRIGHT MLS
• 2026-03-13 Price Changed $15,000 BRIGHT MLS
• 2026-01-19 Listed $17,000 BRIGHT MLS
• 2026-01-03 Listing Removed — BRIGHT MLS
• 2025-11-25 Price Changed $17,000 BRIGHT MLS
• 2025-11-13 Price Changed $20,000 BRIGHT MLS
• 2025-11-07 Price Changed $30,000 BRIGHT MLS
• 2025-09-10 Price Changed $20,000 BRIGHT MLS
• 2025-09-10 Relisted — BRIGHT MLS
• 2025-09-07 Listing Removed — BRIGHT MLS
• 2025-09-02 Price Changed $30,000 BRIGHT MLS
• 2025-07-31 Price Changed $20,000 BRIGHT MLS
• 2025-06-02 Price Changed $40,000 BRIGHT MLS
• 2025-05-07 Relisted — BRIGHT MLS
• 2025-05-06 Listing Removed — BRIGHT MLS
• 2025-04-14 Price Changed $45,000 BRIGHT MLS
• 2025-03-28 Price Changed $20,000 BRIGHT MLS
• 2025-03-21 Price Changed $25,000 BRIGHT MLS
• 2025-02-11 Listed $30,000 BRIGHT MLS
• 2017-07-03 Sold (Public Records) $63,000 Public Records
• 2007-09-10 Sold (Public Records) $18,500 Public Records
• 2007-07-03 Sold (MLS) $18,500 West Penn MLS
• 2007-01-12 Listed $24,900 West Penn MLS
• 2002-10-10 Sold (Public Records) $25,000 Public Records
• 1992-11-09 Sold (Public Records) $25,000 Public Records

Property tax history

+4.4%/yr

Latest (2026): $3,341 · +6.9% YoY. Source: county tax records.