2242 Milligan Ave · Swissvale, PA 15218

$149,900

3 bd · 2.0 ba · 1,640 sqft · SingleFamily public records · 6 Days on market

Built 1900 2,626 sqft lot $91/sqft · at area comps Est $154k · 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 +20.5/30.0
• ARV discount +8.8/15.0
• DSCR +6.5/10.0
• 1% rule +5.8/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

Key facts

• Covered front porch
• Off street parking
• Back deck

Tags

• SEPARATE LIVING SPACES
• COVERED FRONT PORCH
• ENTRYWAY SPACE
• BACK DECK
• OFF STREET PARKING
• SECOND LARGE EAT IN KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.9% vs local median 6.3% in Swissvale — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 84/100 on livability (#95 in PA, #694 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, amenities D+.
• Woodland Hills SD (suburban): math 13% / reading 30% proficiency, ranked #486 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.0%/yr); 78 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $76k; list at $150k implies a 97% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1900 — 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 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?
4. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 7.88%
• Cash-on-cash: 5.69%
• DSCR: 1.25
• GRM: 7.7

CMA / ARV

• ARV (median comp): $154,278
• List price: $149,900
• Delta: 3.64%
• 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
220 Oakview Ave	0.50mi	3/1.5	1,648 (+0%)	0mo	$252,500	$153	73
2110 Lloyd Ave	0.33mi	3/1.0	1,720 (+5%)	1mo	$377,450	$219	71
7654 Highland Ave	0.17mi	4/1.0 (+1)	1,558 (-5%)	5mo	$87,500	$56	71
1237 Circle Dr	0.53mi	4/2.0 (+1)	1,740 (+6%)	2mo	$160,000	$92	58
975 Illinois Ave	0.51mi	3/2.5	1,500 (-8%)	2mo	$250,000	$167	58
7224 Schoyer Ave	0.71mi	3/1.0	1,610 (-2%)	4mo	$154,000	$96	56
2002 Hampton St	0.27mi	3/3.5	1,864 (+14%)	4mo	$286,500	$154	56
7342 Denniston	0.49mi	4/1.5 (+1)	1,497 (-9%)	0mo	$225,000	$150	55
198 Dewey St	0.72mi	3/3.0	1,772 (+8%)	3mo	$515,000	$291	47
7454 Fleming St	0.53mi	4/2.0 (+1)	1,404 (-14%)	2mo	$259,000	$184	44
7315 Whipple St	0.73mi	3/1.5	1,395 (-15%)	3mo	$164,500	$118	37
431 Locust St	0.74mi	4/2.5 (+1)	1,882 (+15%)	1mo	$432,000	$230	33

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 · 6.02% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-6,501
• Equity at exit: $22,351

10-year hold

• IRR: 9.0%
• Equity multiple: 1.79×
• Total profit: $33,002
• Equity at exit: $12,961

Cash invested: $41,972 (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 15218

• Rents YoY: 6.0%
• Active inventory: 78
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,620 high
• Mortgage (P&I): −$786
• Tax from tax record: −$232 /mo · $2,788/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $199

Break-even live

Break-even rent $1,368

Max offer price $149,900

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2219 Manor Ave Pittsburgh, PA	3.0	1.0	1638	$1,600	$0.98	24d	1	0.12mi
2323 Patterson Ave Unit NA Pittsburgh, PA	3.0	1.0	1440	$1,500	$1.04	24d	1	0.14mi
2323 Patterson Ave Pittsburgh, PA	3.0	1.0	1440	$1,800	$1.25	44d	1	0.14mi
7645 Highland Ave Pittsburgh, PA	3.0	1.0	1161	$1,325	$1.14	8d	1	0.18mi
2210 Hampton St Pittsburgh, PA	3.0	1.5	1512	$1,650	$1.09	24d	1	0.19mi
442 Locust St Pittsburgh, PA	2.0	1.0	1600	$2,600	$1.62	3d	1	0.70mi
7009 Church St Pittsburgh, PA	3.0	2.0	1800	$1,550	$0.86	44d	1	0.80mi
212 Kenmawr Ave Braddock, PA	2.0	1.5	1417	$1,300	$0.92	44d	1	0.83mi
7225 Whipple St Unit 72255 Pittsburgh, PA	3.0	1.5	1440	$1,695	$1.18	3d	1	0.83mi
826 Walnut St Pittsburgh, PA	2.0	1.0	1270	$1,195	$0.94	44d	1	0.98mi
565 Ardmore Blvd Pittsburgh, PA	4.0	1.0	1368	$1,450	$1.06	11d	1	1.06mi
1027 Lancaster Ave Unit 2 Pittsburgh, PA	2.0	2.0	1300	$2,599	$2.00	2d	1	1.14mi
100 Bryn Mawr Ct W Pittsburgh, PA	1.0–2.0	1.0–2.0	975	$1,904	$1.95	3d	15	1.20mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	15d	1	1.22mi
407 Biddle Ave #3 Pittsburgh, PA	3.0	1.0	1200	$1,700	$1.42	44d	1	1.26mi
600 Kelly Ave Pittsburgh, PA	1.0–2.0	1.0	968	$1,350	$1.39	3d	3	1.28mi
745 Franklin Ave Pittsburgh, PA	4.0	2.0	1948	$1,599	$0.82	44d	1	1.31mi
1148 East St Pittsburgh, PA	3.0	3.0	1738	$1,700	$0.98	44d	1	1.40mi
519-521 S Trenton Ave Pittsburgh, PA	3.0	1.5	1360	$2,600	$1.91	16d	1	1.41mi
537 6th St Braddock, PA	3.0	1.0	1360	$1,400	$1.03	44d	1	1.42mi
621 E 9th Ave Homestead, PA	2.0	2.0	1400	$1,425	$1.02	24d	1	1.45mi

Listing history 27 events

1. 2026-06-17
   days on market $149,900 Active 6 DOM
2. 2026-06-16
   days on market $149,900 Active 5 DOM
3. 2026-06-15
   days on market $149,900 Active 4 DOM
4. 2026-06-13
   pricedays on marketlisting id $149,900 Active 2 DOM
5. 2026-06-09
   days on market $159,900 Active 168 DOM
6. 2026-06-08
   days on market $159,900 Active 167 DOM
7. 2026-06-07
   days on market $159,900 Active 166 DOM
8. 2026-06-05
   days on market $159,900 Active 163 DOM
9. 2026-06-03
   days on market $159,900 Active 162 DOM
10. 2026-06-02
    days on market $159,900 Active 161 DOM
11. 2026-06-01
    days on market $159,900 Active 160 DOM
12. 2026-05-31
    days on market $159,900 Active 159 DOM
13. 2026-05-14
    status Active 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

14. 2026-05-07
    historical Contingent 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

15. 2026-04-15
    price $159,900 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

16. 2026-04-15
    price $159,900 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

17. 2026-03-26
    listed $174,900 Active 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

18. 2026-03-12
    price $174,900 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

19. 2026-01-28
    price $179,900 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

20. 2025-12-23
    listed $189,900 Active 995-char remark

    Show marketing remark (995 chars)

    So many possibilities with this fantastic property! This large home in the booming Swissvale neighborhood has lots of potential. There are two separate living spaces that are completely separate from each other making this the perfect scenario for multi-generational living, house hack, duplex, or easily convert back to a single family. Enter the front entrance which is level with the street, and turn left into the first floor apartment that has a bedroom, living space or dining room, full bathroom, and a kitchen. From the first floor kitchen, you have access to the back deck that provides lots of outdoor living space with stairs also leading to the off street parking in the rear. Go upstairs and you'll find a second large eat in kitchen with super unique red cabinets, another full bathroom, another living space or bedroom, and two more bedrooms; one of which on the third floor. This is a must see. Take a look at this great property today and scoop this up before someone else does!

21. 2016-09-02
    soldstatus $76,000
22. 2016-08-31
    price $76,000
23. 2016-08-31
    price $79,900
24. 2016-08-31
    soldstatus $76,000 Sold
25. 2016-07-21
    historical Contingent
26. 2016-06-14
    listed $79,900 Active
27. 1983-11-30
    soldstatus $10,000

ⓘ 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: $2,788 · $232/mo
• Projected year-2 tax: $2,788 · $232/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 ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,440
• − Mortgage interest: −$8,397
• − Property taxes: −$2,788
• − Insurance: −$750
• − Repairs & maintenance: −$1,555
• − Management: −$1,555
• − Depreciation: −$4,361
• Taxable income: $34
• Est. tax owed @ 24.0%: −$8
• After-tax cash flow: $2,378/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: Woodland Hills SD
• NCES district ID: 4216500
• Math proficiency: 13% ▼ -13.00%
• Reading proficiency: 30% ▼ -10.00%
• Median HH income: $41,803
• Composite: 18.31/100
• National rank: #8954
• State rank: #486 of 539 in PA

Livability — Swissvale

• Score: 84/100
• State rank: #95
• US rank: #694

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Swissvale, PA
• County: Allegheny County · 1,022,028 people
• City population: 13,443
• Metro: Pittsburgh, PA
• Population (ZIP): 13,379
• Household income: $67,960
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 605.0

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 (69%)
• Race & ethnicity: White 69% Black 19% Two or more races 7% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 6% Serbian 2% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Chinese 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: ▼ -188.20%
• Current HPI: 297.8483
• Rent YoY: ▲ 6.02%
• 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

+1499.0% since first listed

15 events — show timeline

• 2026-05-14 Relisted — West Penn MLS
• 2026-05-07 Contingent — West Penn MLS
• 2026-04-15 Price Changed $159,900 West Penn MLS
• 2026-04-15 Price Changed $159,900 West Penn MLS
• 2026-03-26 Listed $174,900 West Penn MLS
• 2026-03-12 Price Changed $174,900 West Penn MLS
• 2026-01-28 Price Changed $179,900 West Penn MLS
• 2025-12-23 Listed $189,900 West Penn MLS
• 2016-09-02 Sold (Public Records) $76,000 Public Records
• 2016-08-31 Price Changed $76,000 West Penn MLS
• 2016-08-31 Sold (MLS) $76,000 West Penn MLS
• 2016-08-31 Price Changed $79,900 West Penn MLS
• 2016-07-21 Contingent — West Penn MLS
• 2016-06-14 Listed $79,900 West Penn MLS
• 1983-11-30 Sold (Public Records) $10,000 Public Records

Property tax history

+2.1%/yr

Latest (2026): $2,788 · +5.6% YoY. Source: county tax records.