520 E 2nd Ave · Tarentum, PA 15084

$66,000

4 bd · 2.0 ba · 1,761 sqft · MultiFamily public records · 91 Days on market

Built 1910 3,720 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• Livability +4.0/5.0
• Schools +3.3/10.0
• 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: 2 units. confirmed

Listing remarks MLS

520 East 2nd Street is an Income producing up / down duplex with two long-term tenants and plenty of room to grow annual revenue. Current rents provide substantial room to hit market rates with forced appreciation. Both are utilized as 2 bedroom 1 bathroom units. The first floor 2nd bedroom is captive, could be proposed as a 1 bedroom unit with more living space. Usable sized, flat backyard and could create off street parking area. Tenants both pay for electric.

Key facts

• Long term tenants
• 3,720 sq ft lot
• Built 1910

Tags

• INCOME PRODUCING DUPLEX
• LONG TERM TENANTS
• USABLE SIZED BACKYARD
• OFF STREET PARKING AREA

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $66k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $509/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $66k).
• Recommended offer: $60k (9.0% below list) — sets the bar for market timing.
• Cap rate 25.8% vs local median 9.6% in Tarentum — 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 79/100 on livability (#240 in PA, #2,066 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, amenities F, employment F.
• Highlands SD (suburban): math 29% / reading 48% proficiency, ranked #376 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 39 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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

• In year one you build about $755 of equity ($456 loan paydown + $299 appreciation (0.5% local appreciation)).
• At projected returns (0.5% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 28y ago; this cycle's ask has dropped $21k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,060 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 3.01% ✓
• Cap rate: 25.82%
• Cash-on-cash: 69.72%
• DSCR: 4.10
• GRM: 2.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.45% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 68.5%
• Equity multiple: 4.49×
• Total profit: $64,429
• Equity at exit: $20,675

10-year hold

• IRR: 70.1%
• Equity multiple: 9.13×
• Total profit: $150,265
• Equity at exit: $26,093

Cash invested: $18,480 (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 15084

• Home prices YoY: 0.2%
• Active inventory: 39
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,988 high
• Mortgage (P&I): −$346
• Tax from tax record: −$123 /mo · $1,478/yr
• Insurance: −$28
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $1,018

Break-even live

Break-even rent $699

Max offer price $66,000

Occupancy floor 44%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,988
Total (2 units)			$1,988

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: $16,500
• Closing costs: $1,980
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
875 1st Ave Brackenridge, PA	3.0	2.0	1440	$1,399	$0.97	14d	1	0.44mi
424 W 7th Ave Unit 2 Tarentum, PA	3.0	1.0	1632	$1,250	$0.77	44d	1	0.93mi
300 Craigdell Rd New Kensington, PA	3.0	2.0	1300	$1,130	$0.87	2d	1	1.12mi

Listing history 37 events

1. 2026-06-18
   days on market $66,000 Active 91 DOM
2. 2026-06-17
   days on market $66,000 Active 90 DOM
3. 2026-06-16
   days on market $66,000 Active 89 DOM
4. 2026-06-15
   days on market $66,000 Active 88 DOM
5. 2026-06-13
   days on market $66,000 Active 86 DOM
6. 2026-06-13
   days on market $66,000 Active 85 DOM
7. 2026-06-09
   pricedays on market $66,000 Active 82 DOM
8. 2026-06-08
   days on market $75,000 Active 81 DOM
9. 2026-06-07
   days on market $75,000 Active 80 DOM
10. 2026-06-05
    days on market $75,000 Active 77 DOM
11. 2026-06-03
    days on market $75,000 Active 76 DOM
12. 2026-06-02
    days on market $75,000 Active 75 DOM
13. 2026-06-01
    days on market $75,000 Active 74 DOM
14. 2026-05-31
    days on market $75,000 Active 73 DOM
15. 2026-05-12
    price $75,000 466-char remark

    Show marketing remark (466 chars)

    520 East 2nd Street is an Income producing up / down duplex with two long-term tenants and plenty of room to grow annual revenue. Current rents provide substantial room to hit market rates with forced appreciation. Both are utilized as 2 bedroom 1 bathroom units. The first floor 2nd bedroom is captive, could be proposed as a 1 bedroom unit with more living space. Usable sized, flat backyard and could create off street parking area. Tenants both pay for electric.

16. 2026-03-19
    listed $87,000 Active 466-char remark

    Show marketing remark (466 chars)

    520 East 2nd Street is an Income producing up / down duplex with two long-term tenants and plenty of room to grow annual revenue. Current rents provide substantial room to hit market rates with forced appreciation. Both are utilized as 2 bedroom 1 bathroom units. The first floor 2nd bedroom is captive, could be proposed as a 1 bedroom unit with more living space. Usable sized, flat backyard and could create off street parking area. Tenants both pay for electric.

17. 2016-08-11
    price $100 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

18. 2016-08-11
    status Under Contract 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

19. 2016-08-01
    soldstatus $45,885
20. 2016-07-26
    soldstatus $30,900 Sold 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

21. 2016-07-26
    soldstatus $30,900 Sold 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

22. 2016-05-28
    status Under Contract 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

23. 2016-05-27
    price $30,900 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

24. 2016-04-12
    listed $30,900 Active 110-char remark

    Show marketing remark (110 chars)

    Roof Replaced in 2013. Second story unit recently repainted and refurbished. Off street parking is available.

25. 2016-03-31
    historical Expired
26. 2016-02-07
    price $30,900
27. 2016-01-06
    price $32,900
28. 2015-08-23
    status Active
29. 2015-08-15
    historical Contingent
30. 2015-04-10
    listed $34,900 Active
31. 2014-02-07
    listed $34,900
32. 2004-12-07
    soldstatus $45,000
33. 2004-11-30
    soldstatus $45,000
34. 2004-09-07
    listed $49,900
35. 2001-05-08
    soldstatus $39,650
36. 1999-04-15
    soldstatus $37,500
37. 1998-08-12
    listed $39,900

ⓘ 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: $1,478 · $123/mo
• Projected year-2 tax: $1,478 · $123/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 9/10 Extreme FEMA zone X (shaded) · 79% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥97°F today · 19 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: $23,856
• − Mortgage interest: −$3,697
• − Property taxes: −$1,478
• − Insurance: −$996
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − Depreciation: −$1,920
• Taxable income: $11,948
• Est. tax owed @ 24.0%: −$2,867
• After-tax cash flow: $9,351/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: Highlands SD
• NCES district ID: 4211880
• Math proficiency: 29% ▼ -9.00%
• Reading proficiency: 48% ▼ -9.00%
• Median HH income: $43,730
• Composite: 32.58/100
• National rank: #5679
• State rank: #376 of 539 in PA

Livability — Tarentum

• Score: 79/100
• State rank: #240
• US rank: #2066

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarentum, PA
• Population (ZIP): 9,884

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 (92%)
• Race & ethnicity: White 92% Two or more races 4% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 14% Lithuanian 2% Serbian 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · French/Haitian/Cajun 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: ▲ 0.45%
• Current HPI: 230.7532
• 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

+88.0% since first listed

23 events — show timeline

• 2026-05-12 Price Changed $75,000 West Penn MLS
• 2026-03-19 Listed $87,000 West Penn MLS
• 2016-08-11 Price Changed $100 West Penn MLS
• 2016-08-11 Pending — West Penn MLS
• 2016-08-01 Sold (Public Records) $45,885 Public Records
• 2016-07-26 Sold (MLS) $30,900 West Penn MLS
• 2016-07-26 Sold (MLS) $30,900 West Penn MLS
• 2016-05-28 Pending — West Penn MLS
• 2016-05-27 Price Changed $30,900 West Penn MLS
• 2016-04-12 Listed $30,900 West Penn MLS
• 2016-03-31 Delisted — West Penn MLS
• 2016-02-07 Price Changed $30,900 West Penn MLS
• 2016-01-06 Price Changed $32,900 West Penn MLS
• 2015-08-23 Relisted — West Penn MLS
• 2015-08-15 Contingent — West Penn MLS
• 2015-04-10 Listed $34,900 West Penn MLS
• 2014-02-07 Listed $34,900 West Penn MLS
• 2004-12-07 Sold (Public Records) $45,000 Public Records
• 2004-11-30 Sold (MLS) $45,000 West Penn MLS
• 2004-09-07 Listed $49,900 West Penn MLS
• 2001-05-08 Sold (Public Records) $39,650 Public Records
• 1999-04-15 Sold (MLS) $37,500 West Penn MLS
• 1998-08-12 Listed $39,900 West Penn MLS

Property tax history

+0.8%/yr

Latest (2026): $1,478 · -1.3% YoY. Source: county tax records.