206 E Walnut Ave · Altoona, PA 16601

$49,200

2 bd · 2.0 ba · 1,080 sqft · SingleFamily · 148 Days on market

Built 1924 3,049 sqft lot $46/sqft · 36% below area Est $77k · 36% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Opportunity to own this single-family home built in 1924 featuring 2 bedrooms and 2 bathrooms. * * * SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer. * * *

Key facts

• 3,049 sq ft lot
• Built 1924
• Listed 147 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($939 rent vs $49k).
• Recommended offer: $43k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.8% vs local median 5.8% in Altoona — 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 (#237 in PA, #2,060 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Altoona Area SD (urban): math 30% / reading 44% proficiency, ranked #406 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 186 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $340 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Blair County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $43,296 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 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 1924 — 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. 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.
7. 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.
8. 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: 1.91% ✓
• Cap rate: 15.76%
• Cash-on-cash: 33.81%
• DSCR: 2.50
• GRM: 4.4

CMA / ARV

• ARV (median comp): $76,582
• List price: $49,200
• Delta: -35.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
207 Spruce Ave	0.27mi	2/1.5	1,108 (+3%)	7mo	$78,000	$70	76
2101 Juniata Gap Rd	0.45mi	2/2.0	1,050 (-3%)	12mo	$187,000	$178	64
118 23rd Ave	0.54mi	3/1.0 (+1)	1,056 (-2%)	11mo	$97,900	$93	53
409 2nd St	0.61mi	3/1.0 (+1)	1,148 (+6%)	1mo	$12,500	$11	51
117 E 25th Ave	0.62mi	3/1.5 (+1)	1,008 (-7%)	3mo	$145,000	$144	50
1210 N 2nd St	0.65mi	3/1.0 (+1)	1,027 (-5%)	4mo	$149,000	$145	50
1105 N 3rd St	0.67mi	3/1.0 (+1)	1,120 (+4%)	8mo	$35,000	$31	47
1013 16th Ave	0.72mi	2/1.0	995 (-8%)	6mo	$18,000	$18	44
323 Wopsononock Ave	0.69mi	3/1.5 (+1)	1,176 (+9%)	2mo	$190,000	$162	44
303 Cherry Ave	0.31mi	3/1.0 (+1)	1,232 (+14%)	11mo	$64,995	$53	44
2109 9th St	0.73mi	3/1.0 (+1)	1,200 (+11%)	5mo	$122,500	$102	34
1107 N 3rd St	0.67mi	3/1.0 (+1)	1,242 (+15%)	1mo	$70,000	$56	34

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: 29.2%
• Equity multiple: 2.22×
• Total profit: $16,771
• Equity at exit: $7,336

10-year hold

• IRR: 36.5%
• Equity multiple: 4.38×
• Total profit: $46,527
• Equity at exit: $4,254

Cash invested: $13,776 (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 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $939 high
• Mortgage (P&I): −$258
• Tax from tax record: −$75 /mo · $898/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $388

Break-even live

Break-even rent $447

Max offer price $49,200

Occupancy floor 54%

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: $12,300
• Closing costs: $1,476
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 2nd Ave Unit 2nd Fl Altoona, PA	3.0	1.0	1244	$790	$0.64	43d	1	0.74mi
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	43d	1	0.79mi
100 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	43d	1	0.80mi
200 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	43d	1	0.83mi
212 College Park Dr Altoona, PA	2.0	2.0	950	$975	$1.03	43d	2	0.87mi
300 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	43d	1	0.87mi
400 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	43d	1	0.91mi
2708 Wehnwood Rd Altoona, PA	1.0–4.0	1.0–1.5	960	$733	$0.76	43d	5	0.98mi
315 10th St Unit Rear- 1st Fl Altoona, PA	2.0	1.0	800	$1,100	$1.38	43d	1	1.02mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,277	$1.31	43d	9	1.17mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	43d	1	1.34mi

Listing history 33 events

1. 2026-06-19
   days on market $49,200 Active 148 DOM
2. 2026-06-18
   days on market $49,200 Active 147 DOM
3. 2026-06-17
   days on market $49,200 Active 146 DOM
4. 2026-06-16
   days on market $49,200 Active 145 DOM
5. 2026-06-15
   days on market $49,200 Active 144 DOM
6. 2026-06-14
   days on market $49,200 Active 142 DOM
7. 2026-06-13
   days on market $49,200 Active 141 DOM
8. 2026-06-10
   days on market $49,200 Active 139 DOM
9. 2026-06-09
   days on market $49,200 Active 138 DOM
10. 2026-06-08
    days on market $49,200 Active 137 DOM
11. 2026-06-07
    days on market $49,200 Active 136 DOM
12. 2026-06-05
    days on market $49,200 Active 133 DOM
13. 2026-06-03
    days on market $49,200 Active 132 DOM
14. 2026-06-02
    days on market $49,200 Active 131 DOM
15. 2026-06-01
    days on market $49,200 Active 130 DOM
16. 2026-05-31
    days on market $49,200 Active 129 DOM
17. 2026-05-30
    days on market $49,200 Active 128 DOM
18. 2026-01-22
    listed $49,200 Active 322-char remark

    Show marketing remark (322 chars)

    Great Opportunity to own this single-family home built in 1924 featuring 2 bedrooms and 2 bathrooms. * * * SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer. * * *

19. 2024-05-20
    soldstatus $69,900
20. 2024-05-17
    soldstatus $69,900 Closed 362-char remark

    Show marketing remark (362 chars)

    Perfect, move in ready starter home or investment property. Recently updated flooring throughout, SS appls and security system included with the sale. The interior and exterior of home have been freshly painted. The property fts off street parking and a fenced in yard accessible from the covered, screened in patio. Motivated seller- call for a private showing!

21. 2024-04-15
    status Pending 362-char remark

    Show marketing remark (362 chars)

    Perfect, move in ready starter home or investment property. Recently updated flooring throughout, SS appls and security system included with the sale. The interior and exterior of home have been freshly painted. The property fts off street parking and a fenced in yard accessible from the covered, screened in patio. Motivated seller- call for a private showing!

22. 2024-04-10
    price $69,900 362-char remark

    Show marketing remark (362 chars)

    Perfect, move in ready starter home or investment property. Recently updated flooring throughout, SS appls and security system included with the sale. The interior and exterior of home have been freshly painted. The property fts off street parking and a fenced in yard accessible from the covered, screened in patio. Motivated seller- call for a private showing!

23. 2024-03-10
    price $74,900 362-char remark

    Show marketing remark (362 chars)

    Perfect, move in ready starter home or investment property. Recently updated flooring throughout, SS appls and security system included with the sale. The interior and exterior of home have been freshly painted. The property fts off street parking and a fenced in yard accessible from the covered, screened in patio. Motivated seller- call for a private showing!

24. 2024-02-15
    listed $79,900 Active 362-char remark

    Show marketing remark (362 chars)

    Perfect, move in ready starter home or investment property. Recently updated flooring throughout, SS appls and security system included with the sale. The interior and exterior of home have been freshly painted. The property fts off street parking and a fenced in yard accessible from the covered, screened in patio. Motivated seller- call for a private showing!

25. 2023-08-29
    soldstatus $50,000
26. 2023-08-28
    soldstatus $50,000 Closed
27. 2023-08-15
    historical
28. 2023-08-14
    status Pending
29. 2023-06-03
    listed $55,000 Active
30. 2018-05-29
    soldstatus $37,000
31. 2018-05-08
    listed $37,000
32. 2017-02-07
    listed $37,000
33. 1990-11-01
    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: $898 · $75/mo
• Projected year-2 tax: $898 · $75/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 ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,263
• − Mortgage interest: −$2,756
• − Property taxes: −$898
• − Insurance: −$246
• − Repairs & maintenance: −$901
• − Management: −$901
• − Depreciation: −$1,431
• Taxable income: $4,130
• Est. tax owed @ 24.0%: −$991
• After-tax cash flow: $3,667/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: Altoona Area SD
• NCES district ID: 4202340
• Math proficiency: 30% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $38,465
• Composite: 30.85/100
• National rank: #6130
• State rank: #406 of 539 in PA

Livability — Altoona

• Score: 79/100
• State rank: #237
• US rank: #2060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altoona, PA
• County: Blair County · 59,867 people
• City population: 59,867
• Metro: Altoona, PA
• Population (ZIP): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.97%
• Current HPI: 183.9907
• Rent YoY: —
• Metro: Altoona, 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

+392.0% since first listed

16 events — show timeline

• 2026-01-22 Listed $49,200 BRIGHT MLS
• 2024-05-20 Sold (Public Records) $69,900 Public Records
• 2024-05-17 Sold (MLS) $69,900 AHARMLS
• 2024-04-15 Pending — AHARMLS
• 2024-04-10 Price Changed $69,900 AHARMLS
• 2024-03-10 Price Changed $74,900 AHARMLS
• 2024-02-15 Listed $79,900 AHARMLS
• 2023-08-29 Sold (Public Records) $50,000 Public Records
• 2023-08-28 Sold (MLS) $50,000 AHARMLS
• 2023-08-15 Delisted — AHARMLS
• 2023-08-14 Pending — AHARMLS
• 2023-06-03 Listed $55,000 AHARMLS
• 2018-05-29 Sold (MLS) $37,000 AHARMLS
• 2018-05-08 Listed $37,000 AHARMLS
• 2017-02-07 Listed $37,000 AHARMLS
• 1990-11-01 Sold (Public Records) $10,000 Public Records

Property tax history

-5.2%/yr

Latest (2025): $898 · +21.5% YoY. Source: county tax records.