1502 Delaware Ave · New Castle, PA 16105

$160,000

3 bd · 1.0 ba · 1,839 sqft · SingleFamily public records · 101 Days on market

Built 1930 0.25 ac lot $87/sqft · 42% above area Est $112k · 42% over

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Why this score? — see what drove the D 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 +19.4/30.0
• DSCR +6.1/10.0
• 1% rule +5.4/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• 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

Welcome to this distinctive home with classic details and inviting living spaces throughout. Full of character and timeless appeal, this brick home offers four bedrooms, one being a captive bedroom that would be great for an office, nursery or walk-thru closet. The truly eye-catching tile roof sets this home apart and makes a great first impression. The living room showcases hardwood flooring and a beautiful fireplace with custom built-ins, creating a warm focal point. A modern kitchen opens to a spacious dining room that provides the perfect setting for gatherings, while the bright sunroom offers a peaceful retreat filled with natural light. A walk-up attic, basement and garage allow for additional storage. Step outside to enjoy the patio space overlooking a rare, private, wooded view, ideal for relaxing or hosting guests.

Key facts

• Hardwood flooring
• Tile roof
• Custom built-ins

Tags

• TILE ROOF
• HARDWOOD FLOORING
• CUSTOM BUILT-INS
• MODERN KITCHEN
• SUNROOM
• WALK-UP ATTIC

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% 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: 105 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.04% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.80%
• DSCR: 1.21
• GRM: 8.0

CMA / ARV

• ARV (median comp): $112,292
• List price: $160,000
• Delta: 42.49%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
433 E Sheridan Ave	0.07mi	3/1.5	2,010 (+9%)	2mo	$50,000	$25	77
1005 Delaware Ave	0.32mi	4/1.5 (+1)	1,914 (+4%)	6mo	$172,500	$90	66
210 E Garfield Ave	0.43mi	4/1.5 (+1)	1,722 (-6%)	1mo	$195,000	$113	62
2304 Highland Ave	0.57mi	4/2.5 (+1)	1,818 (-1%)	0mo	$180,000	$99	60
414 E Edgewood Ave	0.58mi	4/1.5 (+1)	1,706 (-7%)	1mo	$125,000	$73	53
214 E Euclid Ave	0.39mi	4/2.5 (+1)	1,981 (+8%)	7mo	$215,000	$109	52
407 E Hillcrest Ave	0.33mi	3/2.0	1,563 (-15%)	7mo	$238,500	$153	50
415 Park Ave	0.54mi	3/2.5	1,992 (+8%)	7mo	$72,000	$36	50
416 Boyles Ave	0.62mi	4/2.0 (+1)	1,952 (+6%)	6mo	$182,000	$93	46
232 E Meyer Ave	0.59mi	3/2.0	1,598 (-13%)	2mo	$205,000	$128	45
1207 N Mercer St	0.65mi	4/2.0 (+1)	1,662 (-10%)	4mo	$197,000	$119	41
323 E Edgewood Ave	0.62mi	4/2.0 (+1)	1,591 (-14%)	6mo	$180,748	$114	35

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-14,471
• Equity at exit: $23,857

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,261
• Equity at exit: $13,834

Cash invested: $44,800 (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 16105

• Home prices YoY: -26.5%
• Active inventory: 105
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,657 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$224 /mo · $2,685/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $179

Break-even live

Break-even rent $1,430

Max offer price $160,000

Occupancy floor 84%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $160,000 Active 101 DOM
2. 2026-06-18
   days on market $160,000 Active 100 DOM
3. 2026-06-17
   days on market $160,000 Active 99 DOM
4. 2026-06-16
   days on market $160,000 Active 98 DOM
5. 2026-06-15
   days on market $160,000 Active 97 DOM
6. 2026-06-14
   days on market $160,000 Active 95 DOM
7. 2026-06-12
   days on market $160,000 Active 94 DOM
8. 2026-06-09
   days on market $160,000 Active 91 DOM
9. 2026-06-08
   days on market $160,000 Active 90 DOM
10. 2026-06-07
    days on market $160,000 Active 89 DOM
11. 2026-06-03
    days on market $160,000 Active 85 DOM
12. 2026-06-02
    days on market $160,000 Active 84 DOM
13. 2026-06-01
    days on market $160,000 Active 83 DOM
14. 2026-05-31
    days on market $160,000 Active 82 DOM
15. 2026-05-30
    days on market $160,000 Active 81 DOM
16. 2026-05-18
    price $160,000 835-char remark

    Show marketing remark (835 chars)

    Welcome to this distinctive home with classic details and inviting living spaces throughout. Full of character and timeless appeal, this brick home offers four bedrooms, one being a captive bedroom that would be great for an office, nursery or walk-thru closet. The truly eye-catching tile roof sets this home apart and makes a great first impression. The living room showcases hardwood flooring and a beautiful fireplace with custom built-ins, creating a warm focal point. A modern kitchen opens to a spacious dining room that provides the perfect setting for gatherings, while the bright sunroom offers a peaceful retreat filled with natural light. A walk-up attic, basement and garage allow for additional storage. Step outside to enjoy the patio space overlooking a rare, private, wooded view, ideal for relaxing or hosting guests.

17. 2026-05-04
    price $164,500 835-char remark

    Show marketing remark (835 chars)

    Welcome to this distinctive home with classic details and inviting living spaces throughout. Full of character and timeless appeal, this brick home offers four bedrooms, one being a captive bedroom that would be great for an office, nursery or walk-thru closet. The truly eye-catching tile roof sets this home apart and makes a great first impression. The living room showcases hardwood flooring and a beautiful fireplace with custom built-ins, creating a warm focal point. A modern kitchen opens to a spacious dining room that provides the perfect setting for gatherings, while the bright sunroom offers a peaceful retreat filled with natural light. A walk-up attic, basement and garage allow for additional storage. Step outside to enjoy the patio space overlooking a rare, private, wooded view, ideal for relaxing or hosting guests.

18. 2026-03-09
    listed $165,000 Active 835-char remark

    Show marketing remark (835 chars)

    Welcome to this distinctive home with classic details and inviting living spaces throughout. Full of character and timeless appeal, this brick home offers four bedrooms, one being a captive bedroom that would be great for an office, nursery or walk-thru closet. The truly eye-catching tile roof sets this home apart and makes a great first impression. The living room showcases hardwood flooring and a beautiful fireplace with custom built-ins, creating a warm focal point. A modern kitchen opens to a spacious dining room that provides the perfect setting for gatherings, while the bright sunroom offers a peaceful retreat filled with natural light. A walk-up attic, basement and garage allow for additional storage. Step outside to enjoy the patio space overlooking a rare, private, wooded view, ideal for relaxing or hosting guests.

19. 2022-03-22
    soldstatus $155,000
20. 2022-03-19
    status Pending 967-char remark

    Show marketing remark (967 chars)

    Welcome Home to 1502 Delaware Avenue, truly a North Hill gem. Open the door to warm light-filled interiors and traditional charm. Undeniably inviting, the spacious living area with stunning stone fireplace and lovely built-ins, set the tone for this delightful home. Gather in the sunny dining room just steps from the renovated kitchen complete with hardwood cabinetry. The ease of a first floor powder room offers convenience. Rain or shine, the sunroom offers the perfect cozy nook for morning coffee. The second floor hosts the primary bedroom with abundant storage and updated hall bath with tiled shower. Three additional bedrooms complete the second floor, with the 4th perfect for home office or nursery. French doors off the kitchen open to the spacious backyard affording both privacy and a lovely tree-lined eastern view. Picture summer gatherings or enjoy a quiet evening under the stars. 1502 Delaware… Because the sweetest journey is always HOME.

21. 2022-03-18
    soldstatus $155,000 Closed 967-char remark

    Show marketing remark (967 chars)

    Welcome Home to 1502 Delaware Avenue, truly a North Hill gem. Open the door to warm light-filled interiors and traditional charm. Undeniably inviting, the spacious living area with stunning stone fireplace and lovely built-ins, set the tone for this delightful home. Gather in the sunny dining room just steps from the renovated kitchen complete with hardwood cabinetry. The ease of a first floor powder room offers convenience. Rain or shine, the sunroom offers the perfect cozy nook for morning coffee. The second floor hosts the primary bedroom with abundant storage and updated hall bath with tiled shower. Three additional bedrooms complete the second floor, with the 4th perfect for home office or nursery. French doors off the kitchen open to the spacious backyard affording both privacy and a lovely tree-lined eastern view. Picture summer gatherings or enjoy a quiet evening under the stars. 1502 Delaware… Because the sweetest journey is always HOME.

22. 2022-02-20
    historical Contingent 967-char remark

    Show marketing remark (967 chars)

    Welcome Home to 1502 Delaware Avenue, truly a North Hill gem. Open the door to warm light-filled interiors and traditional charm. Undeniably inviting, the spacious living area with stunning stone fireplace and lovely built-ins, set the tone for this delightful home. Gather in the sunny dining room just steps from the renovated kitchen complete with hardwood cabinetry. The ease of a first floor powder room offers convenience. Rain or shine, the sunroom offers the perfect cozy nook for morning coffee. The second floor hosts the primary bedroom with abundant storage and updated hall bath with tiled shower. Three additional bedrooms complete the second floor, with the 4th perfect for home office or nursery. French doors off the kitchen open to the spacious backyard affording both privacy and a lovely tree-lined eastern view. Picture summer gatherings or enjoy a quiet evening under the stars. 1502 Delaware… Because the sweetest journey is always HOME.

23. 2022-02-02
    listed $145,000 Active 967-char remark

    Show marketing remark (967 chars)

    Welcome Home to 1502 Delaware Avenue, truly a North Hill gem. Open the door to warm light-filled interiors and traditional charm. Undeniably inviting, the spacious living area with stunning stone fireplace and lovely built-ins, set the tone for this delightful home. Gather in the sunny dining room just steps from the renovated kitchen complete with hardwood cabinetry. The ease of a first floor powder room offers convenience. Rain or shine, the sunroom offers the perfect cozy nook for morning coffee. The second floor hosts the primary bedroom with abundant storage and updated hall bath with tiled shower. Three additional bedrooms complete the second floor, with the 4th perfect for home office or nursery. French doors off the kitchen open to the spacious backyard affording both privacy and a lovely tree-lined eastern view. Picture summer gatherings or enjoy a quiet evening under the stars. 1502 Delaware… Because the sweetest journey is always HOME.

24. 2015-05-13
    soldstatus $75,000
25. 2013-06-18
    listed $84,901
26. 2006-09-28
    soldstatus $85,000

ⓘ 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: $2,685 · $224/mo
• Projected year-2 tax: $2,685 · $224/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 3/10 Moderate 7 d/yr ≥96°F today · 17 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: $19,880
• − Mortgage interest: −$8,962
• − Property taxes: −$2,685
• − Insurance: −$800
• − Repairs & maintenance: −$1,590
• − Management: −$1,590
• − Depreciation: −$4,655
• Taxable loss: −$403
• Est. tax savings @ 24.0%: +$97
• After-tax cash flow: $2,248/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
• City population: 30,767
• Population (ZIP): 15,195

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 (93%)
• Race & ethnicity: White 93% Black 3% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Romanian 9% Serbian 3% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 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: ▼ -62.26%
• Current HPI: 173.0332
• 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

+88.2% since first listed

11 events — show timeline

• 2026-05-18 Price Changed $160,000 West Penn MLS
• 2026-05-04 Price Changed $164,500 West Penn MLS
• 2026-03-09 Listed $165,000 West Penn MLS
• 2022-03-22 Sold (Public Records) $155,000 Public Records
• 2022-03-19 Pending — West Penn MLS
• 2022-03-18 Sold (MLS) $155,000 West Penn MLS
• 2022-02-20 Contingent — West Penn MLS
• 2022-02-02 Listed $145,000 West Penn MLS
• 2015-05-13 Sold (Public Records) $75,000 Public Records
• 2013-06-18 Listed $84,901 West Penn MLS
• 2006-09-28 Sold (Public Records) $85,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $2,685 · -0.5% YoY. Source: county tax records.