223 E 14th Ave · Homestead, PA 15120

$135,000

3 bd · 1.5 ba · 1,390 sqft · SingleFamily public records · 14 Days on market

Built 1885 2,178 sqft lot Est $111k · 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 +25.9/30.0
• DSCR +8.7/10.0
• 1% rule +5.8/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home or investment property for your portfolio. Large covered front porch, with a grassy back yard, side porch, and spacious bedrooms. Bonus attic room too. Near the Carnegie Library of Homestead and close to shopping at the Waterfront and Homestead's original shopping district: East 8th Avenue which features eateries and breweries. Get this property while you can!

Key facts

• Updated bath
• Large basement
• Tiled surround

Tags

• DECORATIVE BRICK FIREPLACE
• UPDATED BATH
• WALK-IN SHOWER
• TILED SURROUND
• ACCESS TO ATTIC
• LARGE BASEMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $332 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).

Location & tenants

• Location reads 77/100 on livability (#366 in PA, #3,204 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Steel Valley SD (suburban): math 29% / reading 45% proficiency, ranked #403 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.1%/yr); 92 active listings in the ZIP; 13 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).
• This rent runs 31% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y 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.
• Current owner paid $75k; list at $135k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1885 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,000

Questions for the listing agent

1. Built in 1885 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.08% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.54%
• DSCR: 1.47
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $111,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 E 15th Ave	0.08mi	3/1.0	1,417 (+2%)	2mo	$25,000	$18	89
139 W 16th Ave	0.24mi	3/1.0	1,384 (-0%)	7mo	$75,000	$54	81
600 E 14th Ave	0.21mi	3/2.0	1,472 (+6%)	0mo	$229,007	$156	78
227 E 15th Ave	0.06mi	2/2.0 (-1)	1,490 (+7%)	6mo	$55,000	$37	74
245 E 18th Ave	0.24mi	3/1.5	1,512 (+9%)	1mo	$15,000	$10	74
30 Harrison St	0.52mi	3/1.0	1,440 (+4%)	1mo	$112,500	$78	67
253 Vine St	0.62mi	3/1.5	1,336 (-4%)	2mo	$168,841	$126	63
230 W Schwab Ave	0.69mi	3/2.0	1,312 (-6%)	2mo	$238,000	$181	55
293 W Schwab	0.65mi	3/2.0	1,308 (-6%)	4mo	$105,000	$80	54
255 W Schwab Ave	0.69mi	3/2.0	1,476 (+6%)	6mo	$193,000	$131	51
109 Vine St	0.74mi	2/1.5 (-1)	1,444 (+4%)	4mo	$110,000	$76	50
156 Dahlia St	0.62mi	3/1.0	1,560 (+12%)	6mo	$191,900	$123	44

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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: 0.5%
• Equity multiple: 1.02×
• Total profit: $787
• Equity at exit: $20,129

10-year hold

• IRR: 11.1%
• Equity multiple: 1.91×
• Total profit: $34,281
• Equity at exit: $11,672

Cash invested: $37,800 (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 15120

• Home prices YoY: -16.9%
• Rents YoY: 4.1%
• Active inventory: 92
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,454 high
• Mortgage (P&I): −$708
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $332

Break-even live

Break-even rent $1,033

Max offer price $135,000

Occupancy floor 72%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 W 13th Ave Unit 302 Homestead, PA	2.0	1.0	1088	$1,150	$1.06	16d	1	0.27mi
300 W 13th Ave Homestead, PA	2.0	1.0	1088	$1,125	$1.03	16d	1	0.28mi
623 E 18th Ave Homestead, PA	2.0	1.0	1156	$1,600	$1.38	43d	1	0.32mi
621 E 9th Ave Homestead, PA	2.0	2.0	1400	$1,425	$1.02	23d	1	0.38mi
214 Vine St Homestead, PA	2.0	1.0	1034	$1,150	$1.11	43d	1	0.71mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	14d	1	0.72mi
1254 Edgewood Dr Homestead, PA	3.0	1.0	1144	$1,725	$1.51	43d	1	0.79mi
218 Mary St Homestead, PA	3.0	1.0	1776	$1,400	$0.79	21d	1	0.91mi
308 Lea St Homestead, PA	4.0	2.0	1480	$1,490	$1.01	3d	1	1.00mi
3305 W Run Rd Munhall, PA	2.0	1.0	1100	$1,365	$1.24	23d	1	1.06mi
7009 Church St Pittsburgh, PA	3.0	2.0	1800	$1,550	$0.86	43d	1	1.22mi
3705 Botsford St Apt 2 Munhall, PA	3.0	1.0	1000	$1,195	$1.20	43d	1	1.36mi
1001 Parkview Blvd Pittsburgh, PA	1.0–2.0	1.0–2.0	888	$2,750	$3.10	1d	1	1.45mi

Listing history 22 events

1. 2026-06-18
   days on market $135,000 Active 14 DOM
2. 2026-06-17
   days on market $135,000 Active 13 DOM
3. 2026-06-16
   days on market $135,000 Active 12 DOM
4. 2026-06-15
   days on market $135,000 Active 11 DOM
5. 2026-06-13
   days on market $135,000 Active 9 DOM
6. 2026-06-09
   days on market $135,000 Active 5 DOM
7. 2026-06-08
   days on market $135,000 Active 4 DOM
8. 2026-06-07
   days on market $135,000 Active 3 DOM
9. 2026-06-05
   remarks 699-char remark
10. 2026-06-05
    pricedays on marketlisting id $135,000 Active 1 DOM
11. 2026-06-03
    days on market $137,119 Active 13 DOM
12. 2026-06-02
    days on market $137,119 Active 12 DOM
13. 2026-06-01
    days on market $137,119 Active 11 DOM
14. 2026-05-31
    days on market $137,119 Active 10 DOM
15. 2026-05-22
    listed $137,119 Active
16. 2022-04-27
    soldstatus $75,000
17. 2022-04-26
    status Pending 381-char remark

    Show marketing remark (381 chars)

    Great starter home or investment property for your portfolio. Large covered front porch, with a grassy back yard, side porch, and spacious bedrooms. Bonus attic room too. Near the Carnegie Library of Homestead and close to shopping at the Waterfront and Homestead's original shopping district: East 8th Avenue which features eateries and breweries. Get this property while you can!

18. 2022-04-22
    soldstatus $75,000 Closed 381-char remark

    Show marketing remark (381 chars)

    Great starter home or investment property for your portfolio. Large covered front porch, with a grassy back yard, side porch, and spacious bedrooms. Bonus attic room too. Near the Carnegie Library of Homestead and close to shopping at the Waterfront and Homestead's original shopping district: East 8th Avenue which features eateries and breweries. Get this property while you can!

19. 2022-03-11
    historical Contingent 381-char remark

    Show marketing remark (381 chars)

    Great starter home or investment property for your portfolio. Large covered front porch, with a grassy back yard, side porch, and spacious bedrooms. Bonus attic room too. Near the Carnegie Library of Homestead and close to shopping at the Waterfront and Homestead's original shopping district: East 8th Avenue which features eateries and breweries. Get this property while you can!

20. 2022-03-09
    listed $75,000 Active 381-char remark

    Show marketing remark (381 chars)

    Great starter home or investment property for your portfolio. Large covered front porch, with a grassy back yard, side porch, and spacious bedrooms. Bonus attic room too. Near the Carnegie Library of Homestead and close to shopping at the Waterfront and Homestead's original shopping district: East 8th Avenue which features eateries and breweries. Get this property while you can!

21. 2020-07-02
    price $62,500 594-char remark

    Show marketing remark (594 chars)

    3 bedroom single family home in up and coming Homestead! Just minutes to waterfront shopping and public transportation, this is a great investment opportunity! New fence and retaining wall with stairs added in the back yard. New restaurants, a coffee shop, breweries, and entertainment like axe throwing and escape rooms to the theme of Andrew Carnegie are filling the business district on 8th Ave. The adjacent home is listed for sale, as well 2 more properties around the corner located at 1214 & 1216 Ann St. by the same owner. Your chance to get 4 cash flowing properties at one time!

22. 2019-12-19
    listed $77,500 Active 594-char remark

    Show marketing remark (594 chars)

    3 bedroom single family home in up and coming Homestead! Just minutes to waterfront shopping and public transportation, this is a great investment opportunity! New fence and retaining wall with stairs added in the back yard. New restaurants, a coffee shop, breweries, and entertainment like axe throwing and escape rooms to the theme of Andrew Carnegie are filling the business district on 8th Ave. The adjacent home is listed for sale, as well 2 more properties around the corner located at 1214 & 1216 Ann St. by the same owner. Your chance to get 4 cash flowing properties at one time!

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $1,380 · $115/mo
• Expected delta: +$753/yr (+$63/mo · 120.2%)

ⓘ 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 ≥97°F today · 18 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: $17,445
• − Mortgage interest: −$7,562
• − Property taxes: −$627
• − Insurance: −$675
• − Repairs & maintenance: −$1,396
• − Management: −$1,396
• − Depreciation: −$3,927
• Taxable income: $1,862
• Est. tax owed @ 24.0%: −$447
• After-tax cash flow: $3,537/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: Steel Valley SD
• NCES district ID: 4222790
• Math proficiency: 29% ▼ -1.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $39,505
• Composite: 30.94/100
• National rank: #6111
• State rank: #403 of 539 in PA

Livability — Homestead

• Score: 77/100
• State rank: #366
• US rank: #3204

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 18,029
• Household income: $55,714
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 669.0

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 (74%)
• Race & ethnicity: White 74% Black 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 3% · South Korea, Canada
• Languages at home: 95% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -59.52%
• Current HPI: 292.5607
• Rent YoY: ▲ 4.06%
• 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

+76.9% since first listed

8 events — show timeline

• 2026-05-22 Listed $137,119 FSBO.com
• 2022-04-27 Sold (Public Records) $75,000 Public Records
• 2022-04-26 Pending — West Penn MLS
• 2022-04-22 Sold (MLS) $75,000 West Penn MLS
• 2022-03-11 Contingent — West Penn MLS
• 2022-03-09 Listed $75,000 West Penn MLS
• 2020-07-02 Price Changed $62,500 West Penn MLS
• 2019-12-19 Listed $77,500 West Penn MLS

Property tax history

+2.8%/yr

Latest (2026): $627 · +3.2% YoY. Source: county tax records.