604 Centennial St · New Castle, PA 16101

$90,000

2 bd · 2.0 ba · 1,912 sqft · Other public records · 128 Days on market

Built 1920 2,178 sqft lot $47/sqft · 22% above area Est $74k · 21% over

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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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Rent growth +5.0/5.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Endless potential awaits in this spacious home ready for its next owner. Featuring two distinct living spaces—with bedrooms, bathrooms, and kitchen areas available on both the first and second floors—this property offers remarkable versatility. The third floor is already cleaned out and prepped, giving you a blank canvas to bring your vision to life. With some heat, electrical, and design work, this level could become a dream primary suite with a massive walk-in closet and bathroom, an additional bedroom, a creative studio, or anything else you imagine. The possibilities are wide open. If you're looking for a property with space, flexibility, and room to add value, this home is worth a closer look.

Key facts

• Additional bedroom
• Creative studio
• 2,178 sq ft lot

Tags

• TWO DISTINCT LIVING SPACES
• MASSIVE WALK-IN CLOSET
• ADDITIONAL BEDROOM
• CREATIVE STUDIO

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $90k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+20.1%/yr); 118 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 8y ago; this cycle's ask has dropped $6k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $33k; list at $90k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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 1920 — 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. 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.
6. 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.
7. 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: 1.30% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.58%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $74,075
• List price: $90,000
• Delta: 21.50%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.6%
• Equity multiple: 1.44×
• Total profit: $11,130
• Equity at exit: $13,419

10-year hold

• IRR: 23.4%
• Equity multiple: 3.50×
• Total profit: $63,054
• Equity at exit: $7,782

Cash invested: $25,200 (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 16101

• Home prices YoY: -26.3%
• Rents YoY: 20.1%
• Active inventory: 118
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,172 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$110 /mo · $1,318/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $306

Break-even live

Break-even rent $784

Max offer price $90,000

Occupancy floor 69%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	43d	1	1.35mi

Listing history 47 events

1. 2026-06-19
   days on market $90,000 Active 128 DOM
2. 2026-06-18
   days on market $90,000 Active 127 DOM
3. 2026-06-17
   days on market $90,000 Active 126 DOM
4. 2026-06-16
   days on market $90,000 Active 125 DOM
5. 2026-06-15
   days on market $90,000 Active 124 DOM
6. 2026-06-14
   days on market $90,000 Active 122 DOM
7. 2026-06-12
   days on market $90,000 Active 121 DOM
8. 2026-06-09
   days on market $90,000 Active 118 DOM
9. 2026-06-08
   days on market $90,000 Active 117 DOM
10. 2026-06-07
    days on market $90,000 Active 116 DOM
11. 2026-06-03
    days on market $90,000 Active 112 DOM
12. 2026-06-02
    days on market $90,000 Active 111 DOM
13. 2026-06-01
    days on market $90,000 Active 110 DOM
14. 2026-05-31
    days on market $90,000 Active 109 DOM
15. 2026-05-30
    days on market $90,000 Active 108 DOM
16. 2026-04-26
    price $90,000 719-char remark

    Show marketing remark (719 chars)

    Endless potential awaits in this spacious home ready for its next owner. Featuring two distinct living spaces—with bedrooms, bathrooms, and kitchen areas available on both the first and second floors—this property offers remarkable versatility. The third floor is already cleaned out and prepped, giving you a blank canvas to bring your vision to life. With some heat, electrical, and design work, this level could become a dream primary suite with a massive walk-in closet and bathroom, an additional bedroom, a creative studio, or anything else you imagine. The possibilities are wide open. If you're looking for a property with space, flexibility, and room to add value, this home is worth a closer look.

17. 2026-02-11
    listed $96,000 Active 719-char remark

    Show marketing remark (719 chars)

    Endless potential awaits in this spacious home ready for its next owner. Featuring two distinct living spaces—with bedrooms, bathrooms, and kitchen areas available on both the first and second floors—this property offers remarkable versatility. The third floor is already cleaned out and prepped, giving you a blank canvas to bring your vision to life. With some heat, electrical, and design work, this level could become a dream primary suite with a massive walk-in closet and bathroom, an additional bedroom, a creative studio, or anything else you imagine. The possibilities are wide open. If you're looking for a property with space, flexibility, and room to add value, this home is worth a closer look.

18. 2024-10-31
    soldstatus $33,000 Closed 450-char remark

    Show marketing remark (450 chars)

    3 story North Hill duplex. .. .. .. 950 square foot 1st floor apartment has 1 bed, 1 bath. 955 sqft second floor apartment has 2 bedrooms, 1 bath. 400 sqft third floor space has been finished and has a full bathroom. Drywall repairs shown in pictures. .. .. .. Both units have: New flooring, new sidewalk. and newer paint and water heater. Updated electrical panel. Nice wooden cabinets. Appliances are in good condition and included. New furnace.

19. 2024-10-30
    soldstatus $33,000
20. 2024-10-04
    status Pending 450-char remark

    Show marketing remark (450 chars)

    3 story North Hill duplex. .. .. .. 950 square foot 1st floor apartment has 1 bed, 1 bath. 955 sqft second floor apartment has 2 bedrooms, 1 bath. 400 sqft third floor space has been finished and has a full bathroom. Drywall repairs shown in pictures. .. .. .. Both units have: New flooring, new sidewalk. and newer paint and water heater. Updated electrical panel. Nice wooden cabinets. Appliances are in good condition and included. New furnace.

21. 2024-09-26
    status Active 450-char remark

    Show marketing remark (450 chars)

    3 story North Hill duplex. .. .. .. 950 square foot 1st floor apartment has 1 bed, 1 bath. 955 sqft second floor apartment has 2 bedrooms, 1 bath. 400 sqft third floor space has been finished and has a full bathroom. Drywall repairs shown in pictures. .. .. .. Both units have: New flooring, new sidewalk. and newer paint and water heater. Updated electrical panel. Nice wooden cabinets. Appliances are in good condition and included. New furnace.

22. 2024-09-10
    status Pending 450-char remark

    Show marketing remark (450 chars)

    3 story North Hill duplex. .. .. .. 950 square foot 1st floor apartment has 1 bed, 1 bath. 955 sqft second floor apartment has 2 bedrooms, 1 bath. 400 sqft third floor space has been finished and has a full bathroom. Drywall repairs shown in pictures. .. .. .. Both units have: New flooring, new sidewalk. and newer paint and water heater. Updated electrical panel. Nice wooden cabinets. Appliances are in good condition and included. New furnace.

23. 2024-08-22
    listed $49,500 Active 450-char remark

    Show marketing remark (450 chars)

    3 story North Hill duplex. .. .. .. 950 square foot 1st floor apartment has 1 bed, 1 bath. 955 sqft second floor apartment has 2 bedrooms, 1 bath. 400 sqft third floor space has been finished and has a full bathroom. Drywall repairs shown in pictures. .. .. .. Both units have: New flooring, new sidewalk. and newer paint and water heater. Updated electrical panel. Nice wooden cabinets. Appliances are in good condition and included. New furnace.

24. 2023-09-20
    price $40,000
25. 2023-09-12
    price $60,000
26. 2023-08-28
    price $69,900
27. 2023-08-23
    price $73,000
28. 2023-08-14
    price $75,000
29. 2023-07-21
    listed $78,500 Active
30. 2022-06-14
    status Pending
31. 2022-05-26
    soldstatus $48,500 Closed
32. 2022-05-20
    soldstatus $48,500
33. 2022-04-22
    historical Contingent
34. 2022-04-05
    listed $64,900 Active
35. 2019-08-22
    soldstatus $19,000
36. 2019-08-21
    status Under Contract
37. 2019-08-21
    historical Expired
38. 2019-08-20
    soldstatus $19,000 Sold
39. 2019-07-28
    historical Contingent
40. 2019-07-28
    historical Contingent
41. 2019-05-22
    listed $29,900 Active
42. 2019-05-22
    listed $29,900 Active
43. 2019-05-04
    historical Expired
44. 2019-01-05
    price $29,900
45. 2018-05-05
    listed $36,500 Active
46. 2008-07-21
    soldstatus $33,000
47. 2008-07-11
    soldstatus $20,000

ⓘ 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: $1,318 · $110/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$52/yr (+$4/mo · 4.0%)

ⓘ 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 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,059
• − Mortgage interest: −$5,041
• − Property taxes: −$1,318
• − Insurance: −$450
• − Repairs & maintenance: −$1,125
• − Management: −$1,125
• − Depreciation: −$2,618
• Taxable income: $2,382
• Est. tax owed @ 24.0%: −$572
• After-tax cash flow: $3,103/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• County: Lawrence County · 30,767 people
• City population: 30,767
• Metro: New Castle, PA
• Population (ZIP): 30,767
• Household income: $51,128
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1047.0

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 7% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Serbian 3% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.77%
• Current HPI: 159.3091
• Rent YoY: ▲ 20.05%
• Metro: New Castle, 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

+350.0% since first listed

32 events — show timeline

• 2026-04-26 Price Changed $90,000 West Penn MLS
• 2026-02-11 Listed $96,000 West Penn MLS
• 2024-10-31 Sold (MLS) $33,000 West Penn MLS
• 2024-10-30 Sold (Public Records) $33,000 Public Records
• 2024-10-04 Pending — West Penn MLS
• 2024-09-26 Relisted — West Penn MLS
• 2024-09-10 Pending — West Penn MLS
• 2024-08-22 Listed $49,500 West Penn MLS
• 2023-09-20 Price Changed $40,000 West Penn MLS
• 2023-09-12 Price Changed $60,000 West Penn MLS
• 2023-08-28 Price Changed $69,900 West Penn MLS
• 2023-08-23 Price Changed $73,000 West Penn MLS
• 2023-08-14 Price Changed $75,000 West Penn MLS
• 2023-07-21 Listed $78,500 West Penn MLS
• 2022-06-14 Pending — West Penn MLS
• 2022-05-26 Sold (MLS) $48,500 West Penn MLS
• 2022-05-20 Sold (Public Records) $48,500 Public Records
• 2022-04-22 Contingent — West Penn MLS
• 2022-04-05 Listed $64,900 West Penn MLS
• 2019-08-22 Sold (Public Records) $19,000 Public Records
• 2019-08-21 Pending — West Penn MLS
• 2019-08-21 Delisted — West Penn MLS
• 2019-08-20 Sold (MLS) $19,000 West Penn MLS
• 2019-07-28 Contingent — West Penn MLS
• 2019-07-28 Contingent — West Penn MLS
• 2019-05-22 Listed $29,900 West Penn MLS
• 2019-05-22 Listed $29,900 West Penn MLS
• 2019-05-04 Delisted — West Penn MLS
• 2019-01-05 Price Changed $29,900 West Penn MLS
• 2018-05-05 Listed $36,500 West Penn MLS
• 2008-07-21 Sold (Public Records) $33,000 Public Records
• 2008-07-11 Sold (Public Records) $20,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,318 · -0.5% YoY. Source: county tax records.