2424/2426 Warwood Ave · Wheeling, WV 26003

$114,900

2 bd · 1.5 ba · 1,260 sqft · SingleFamily public records · 84 Days on market

Built 1915 9,496 sqft lot $91/sqft · at area comps Est $121k · at est.

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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 +19.0/30.0
• ARV discount +9.7/15.0
• DSCR +6.0/10.0
• 1% rule +3.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Renovated & Move-In Ready in Warwood! Welcome to this beautifully updated home offering 3 bedrooms and 1.5 baths with everything already done for you! Step inside to find all new flooring and fresh paint throughout, creating a clean, modern feel from top to bottom. The brand new kitchen features new appliances, soft-close cabinetry, stunning quartz countertops, and plenty of space to cook and entertain. Situated on a rare double lot, you'll love the extra outdoor space, plus a covered patio perfect for relaxing or hosting. Major updates include a new furnace and several windows making this home truly turnkey and worry-free.

Key facts

• Renovated
• New kitchen
• Fresh paint

Tags

• RENOVATED
• MOVE IN READY
• NEW FLOORING
• FRESH PAINT
• NEW KITCHEN
• SOFT CLOSE CABINETRY

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $101k (12.3% below list).
• Recommended offer: $101k (12.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.3% in Wheeling — 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 69/100 on livability (#74 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Ohio County Schools (urban): math 34% / reading 49% proficiency, ranked #5 of 55 in WV (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.0%/yr); 223 active listings in the ZIP; 2 units permitted in Ohio County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ohio County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 17y ago; this cycle's ask has dropped $24k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $115k implies a 318% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,769 (12.3% below list)

Questions for the listing agent

1. It's been on market 84 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 1915 — 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 B-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. 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: 0.88% ✗
• Cap rate: 7.55%
• Cash-on-cash: 4.49%
• DSCR: 1.20
• GRM: 9.5

CMA / ARV

• ARV (median comp): $120,684
• List price: $114,900
• Delta: -4.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2300 Warwood Ave	0.16mi	2/1.0	1,239 (-2%)	6mo	$27,500	$22	83
2 N 25th St	0.17mi	2/1.5	1,108 (-12%)	13mo	$102,000	$92	61
150 North 18th St	0.59mi	2/2.0	1,246 (-1%)	13mo	$190,000	$152	58
111 Clearview Ave	0.55mi	3/2.0 (+1)	1,228 (-2%)	12mo	$225,000	$183	53
38 Warwood Ter	0.66mi	3/2.0 (+1)	1,244 (-1%)	13mo	$170,000	$137	49
50 Warwood Ter	0.56mi	3/1.5 (+1)	1,104 (-12%)	1mo	$127,500	$115	47
******143 North 17th St	0.62mi	3/1.5 (+1)	1,414 (+12%)	1mo	$161,000	$114	45
2606 Hess Ave	0.17mi	1/1.0 (-1)	1,080 (-14%)	20mo	$106,500	$99	44
1502 Hildreth Ave	0.74mi	3/1.5 (+1)	1,330 (+6%)	15mo	$110,000	$83	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 · 3.03% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.66×
• Total profit: $-10,974
• Equity at exit: $17,132

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $214
• Equity at exit: $9,934

Cash invested: $32,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State West Virginia: 83 Strongly Landlord-Friendly · R+22
• County: — inherits STATE
• City: — inherits STATE

Landlord-favorable; preempted; minimal protections.

Methodology + full state rankings →

ZIP-level market 26003

• Home prices YoY: -23.4%
• Rents YoY: 3.0%
• Active inventory: 223
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,008 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$25 /mo · $302/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $120

Break-even live

Break-even rent $855

Max offer price $114,900

Occupancy floor 83%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-19
   days on market $114,900 Active 84 DOM
2. 2026-06-18
   days on market $114,900 Active 83 DOM
3. 2026-06-17
   days on market $114,900 Active 82 DOM
4. 2026-06-16
   days on market $114,900 Active 81 DOM
5. 2026-06-15
   days on market $114,900 Active 80 DOM
6. 2026-06-14
   days on market $114,900 Active 78 DOM
7. 2026-06-12
   days on market $114,900 Active 77 DOM
8. 2026-06-09
   days on market $114,900 Active 74 DOM
9. 2026-06-08
   days on market $114,900 Active 73 DOM
10. 2026-06-07
    days on market $114,900 Active 72 DOM
11. 2026-06-05
    days on market $114,900 Active 69 DOM
12. 2026-06-03
    days on market $114,900 Active 68 DOM
13. 2026-06-02
    days on market $114,900 Active 67 DOM
14. 2026-06-01
    days on market $114,900 Active 66 DOM
15. 2026-05-31
    days on market $114,900 Active 65 DOM
16. 2026-05-30
    days on market $114,900 Active 64 DOM
17. 2026-05-08
    price $119,500 649-char remark

    Show marketing remark (649 chars)

    Completely Renovated & Move-In Ready in Warwood! Welcome to this beautifully updated home offering 3 bedrooms and 1.5 baths with everything already done for you! Step inside to find all new flooring and fresh paint throughout, creating a clean, modern feel from top to bottom. The brand new kitchen features new appliances, soft-close cabinetry, stunning quartz countertops, and plenty of space to cook and entertain. Situated on a rare double lot, you'll love the extra outdoor space, plus a covered patio perfect for relaxing or hosting. Major updates include a new furnace and several windows making this home truly turnkey and worry-free.

18. 2026-04-24
    price $128,000 649-char remark

    Show marketing remark (649 chars)

    Completely Renovated & Move-In Ready in Warwood! Welcome to this beautifully updated home offering 3 bedrooms and 1.5 baths with everything already done for you! Step inside to find all new flooring and fresh paint throughout, creating a clean, modern feel from top to bottom. The brand new kitchen features new appliances, soft-close cabinetry, stunning quartz countertops, and plenty of space to cook and entertain. Situated on a rare double lot, you'll love the extra outdoor space, plus a covered patio perfect for relaxing or hosting. Major updates include a new furnace and several windows making this home truly turnkey and worry-free.

19. 2026-04-11
    price $133,000 649-char remark

    Show marketing remark (649 chars)

    Completely Renovated & Move-In Ready in Warwood! Welcome to this beautifully updated home offering 3 bedrooms and 1.5 baths with everything already done for you! Step inside to find all new flooring and fresh paint throughout, creating a clean, modern feel from top to bottom. The brand new kitchen features new appliances, soft-close cabinetry, stunning quartz countertops, and plenty of space to cook and entertain. Situated on a rare double lot, you'll love the extra outdoor space, plus a covered patio perfect for relaxing or hosting. Major updates include a new furnace and several windows making this home truly turnkey and worry-free.

20. 2026-03-26
    listed $139,000 Active 649-char remark

    Show marketing remark (649 chars)

    Completely Renovated & Move-In Ready in Warwood! Welcome to this beautifully updated home offering 3 bedrooms and 1.5 baths with everything already done for you! Step inside to find all new flooring and fresh paint throughout, creating a clean, modern feel from top to bottom. The brand new kitchen features new appliances, soft-close cabinetry, stunning quartz countertops, and plenty of space to cook and entertain. Situated on a rare double lot, you'll love the extra outdoor space, plus a covered patio perfect for relaxing or hosting. Major updates include a new furnace and several windows making this home truly turnkey and worry-free.

21. 2025-01-28
    soldstatus $27,500 Closed 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

22. 2025-01-28
    soldstatus $27,500

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

23. 2024-12-19
    status Pending 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

24. 2024-12-04
    status Active 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

25. 2024-11-17
    status Pending 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

26. 2024-11-01
    price $35,000 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

27. 2024-10-22
    price $40,000 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

28. 2024-09-20
    price $45,000 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

29. 2024-08-24
    historical
30. 2024-08-21
    listed $55,000 Active 370-char remark

    Show marketing remark (370 chars)

    Cozy 2-bedroom home in the heart of Warwood , close to schools and shopping. Great starter home for a couple or small family- or a great investment opportunity. New hot water tank, 3 yr old furnace, all new wiring and plumbing. This house has a second bathroom that needs finished, bring your ideas to this home with tons of potential. Dogs will be crated for showings.

31. 2024-08-02
    price $52,500
32. 2024-08-02
    price $52,500
33. 2024-06-24
    listed $60,000 Active
34. 2024-06-24
    listed $60,000 Active
35. 2020-12-11
    soldstatus $12,000
36. 2019-04-11
    soldstatus $15,000
37. 2019-04-11
    soldstatus $15,000
38. 2018-11-14
    listed $25,000
39. 2009-08-13
    soldstatus $4,000
40. 2009-08-09
    listed $4,000

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

Tax reassessment forecast WV · Resets to sale price

• Current annual tax: $302 · $25/mo
• Projected year-2 tax: $678 · $56/mo
• Expected delta: +$376/yr (+$31/mo · 124.3%)

ⓘ 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 ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,092
• − Mortgage interest: −$6,436
• − Property taxes: −$302
• − Insurance: −$574
• − Repairs & maintenance: −$967
• − Management: −$967
• − Depreciation: −$3,343
• Taxable loss: −$498
• Est. tax savings @ 24.0%: +$120
• After-tax cash flow: $1,565/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: Ohio County Schools
• NCES district ID: 5401050
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $41,572
• Composite: 34.88/100
• National rank: #5085
• State rank: #5 of 55 in WV

Livability — Wheeling

• Score: 69/100
• State rank: #74
• US rank: #8950

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheeling, WV
• County: Ohio County · 39,982 people
• City population: 39,982
• Metro: Wheeling, WV-OH
• Population (ZIP): 39,982
• Household income: $57,703
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1630.0

Population outlook (Ohio County) Hauer SSP2

• Today (2025): 40,604 people
• By 2030: 39,150 · -3.6%
• By 2040: 36,039 · -11.2%
• By 2050: 33,582 · -17.3%
• By 2075: 28,662 · -29.4%
• By 2100: 22,963 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Serbian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Ohio

• 2024 margin: Strong R (+26.0) · D 36.0% · R 62.0% · Other 2.0%
• 2008→2024 swing: -15.3pp toward R · 2008: -10.8pp · 2024: -26.0pp
• All cycles: 2024: R+26.0 2020: R+25.8 2016: R+31.6 2012: R+22.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.09%
• Current HPI: 223.4106
• Rent YoY: ▲ 3.03%
• Metro: Wheeling, WV-OH
• State GDP YoY: —
• F500 in state: 0

Price history

+2887.5% since first listed

24 events — show timeline

• 2026-05-08 Price Changed $119,500 WBOR
• 2026-04-24 Price Changed $128,000 WBOR
• 2026-04-11 Price Changed $133,000 WBOR
• 2026-03-26 Listed $139,000 WBOR
• 2025-01-28 Sold (Public Records) $27,500 Public Records
• 2025-01-28 Sold (MLS) $27,500 WBOR
• 2024-12-19 Pending — WBOR
• 2024-12-04 Relisted — WBOR
• 2024-11-17 Pending — WBOR
• 2024-11-01 Price Changed $35,000 WBOR
• 2024-10-22 Price Changed $40,000 WBOR
• 2024-09-20 Price Changed $45,000 WBOR
• 2024-08-24 Listing Removed — MLSNOW
• 2024-08-21 Listed $55,000 WBOR
• 2024-08-02 Price Changed $52,500 MLSNOW
• 2024-08-02 Price Changed $52,500 WBOR
• 2024-06-24 Listed $60,000 WBOR
• 2024-06-24 Listed $60,000 MLSNOW
• 2020-12-11 Sold (Public Records) $12,000 Public Records
• 2019-04-11 Sold (Public Records) $15,000 Public Records
• 2019-04-11 Sold (MLS) $15,000 WBOR
• 2018-11-14 Listed $25,000 WBOR
• 2009-08-13 Sold (MLS) $4,000 WBOR
• 2009-08-09 Listed $4,000 WBOR

Property tax history

-8.5%/yr

Latest (2025): $302 · +4.0% YoY. Source: county tax records.