1234 Ridge Ave · Coraopolis, PA 15108

$350,000

2 bd · 3.0 ba · 2,480 sqft · MultiFamily public records · 14 Days on market

Built 1900 6,355 sqft lot

---

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
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

ATTENTION HOUSE HACKERS AND INVESTORS! This multi family property is located on a corner lot on the best street in Coraopolis. This serves as a great income producing asset or turnkey house hack, as top unit lives like a single family house. Recent property updates include; all new windows, roof, siding, gutters, soffit/fascia and wrap-around porch. Furnaces are high efficiency Goodman units and has updated electric panels. Top: 4/1, New kitchen, stainless steel appliances, updated bath, freshly painted, new floors (Unoccupied). Middle: 2/1, Updated bath, large back yard with fire pit, spacious floor plan. Bottom: 1/1, New kitchen, bathroom, flooring, freshly painted. The separate entrance to the utilities room provides ample storage and a washer/dryer. Property has been extensively renovated but conserves its original charm and Victorian-esque character, with original hardwood floors, wood work and multiple fireplaces.

Key facts

• New siding
• Private entrance
• Extensive backyard

Tags

• CORNER LOT
• PRIVATE ENTRANCE
• EXTENSIVE BACKYARD
• NEW WINDOWS
• NEW ROOF
• NEW SIDING

Property features AI

Finance

• Financial info: Unit rents reported: $1,460 (4-bed), $1,250 (2-bed), $750 (1-bed)
• HOA & community: Access to public transportation

Exterior

• Parking: On-street parking
• Utilities: Electricity available; Natural gas available; Public water available; Public sewer available
• Home design: Multi-family property (3 units)
• Construction: Asphalt roof; Frame construction with vinyl siding
• Exterior features: Lot zoned for multi-family (MUL)

Interior

• Bedrooms: One unit with 4 bedrooms; One unit with 2 bedrooms; One unit with 1 bedroom
• Bathrooms: Each unit has 1 full bathroom
• Interior features: Basement present

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $350k).
• Cap rate 12.1% vs local median 5.7% in Coraopolis — 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 80/100 on livability (#193 in PA, #1,621 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, amenities B+.
• Cornell SD (suburban): math 16% / reading 39% proficiency, ranked #461 of 539 in PA (top 86%) — 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 (+4.1%/yr); 177 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• At $5,021/mo this rent would consume 60% of the median local household income ($101k/yr) (locally 890% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $98k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 22y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $103k; list at $350k implies a 241% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $350,000

Questions for the listing agent

1. Built in 1900 — 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. 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.
4. 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.
5. 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: 1.43% ✓
• Cap rate: 12.10%
• Cash-on-cash: 20.73%
• DSCR: 1.92
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.13% rent growth · sell at horizon

5-year hold

• IRR: 14.3%
• Equity multiple: 1.58×
• Total profit: $56,876
• Equity at exit: $52,186

10-year hold

• IRR: 23.9%
• Equity multiple: 3.17×
• Total profit: $212,562
• Equity at exit: $30,262

Cash invested: $98,000 (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 15108

• Rents YoY: 4.1%
• Active inventory: 177
• Price-to-rent: 15.2×

Monthly cashflow live

• Estimated rent: $5,021 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$292 /mo · $3,507/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,054
• Net cashflow: $1,693

Break-even live

Break-even rent $2,878

Max offer price $350,000

Occupancy floor 61%

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

Units	Beds	Baths	Est. rent
1× unit	4	1	$1,923
▸ 2× units	3	1	$3,098
Total (3 units)			$5,021

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 Broadway St Coraopolis, PA	3.0	1.5	1672	$1,799	$1.08	7d	1	0.35mi
1669 Charlton Heights Rd Coraopolis, PA	3.0	2.5	1738	$2,500	$1.44	17d	1	1.06mi

Listing history 25 events

1. 2026-06-18
   days on market $350,000 Active 14 DOM
2. 2026-06-17
   pricedays on market $350,000 Active 13 DOM
3. 2026-06-16
   days on market $375,000 Active 12 DOM
4. 2026-06-15
   days on market $375,000 Active 11 DOM
5. 2026-06-13
   statusdays on market $375,000 Active 9 DOM
6. 2026-05-13
   listed $375,000 Active 1147-char remark
7. 2023-04-24
   price $369,900 933-char remark

   Show marketing remark (933 chars)

   ATTENTION HOUSE HACKERS AND INVESTORS! This multi family property is located on a corner lot on the best street in Coraopolis. This serves as a great income producing asset or turnkey house hack, as top unit lives like a single family house. Recent property updates include; all new windows, roof, siding, gutters, soffit/fascia and wrap-around porch. Furnaces are high efficiency Goodman units and has updated electric panels. Top: 4/1, New kitchen, stainless steel appliances, updated bath, freshly painted, new floors (Unoccupied). Middle: 2/1, Updated bath, large back yard with fire pit, spacious floor plan. Bottom: 1/1, New kitchen, bathroom, flooring, freshly painted. The separate entrance to the utilities room provides ample storage and a washer/dryer. Property has been extensively renovated but conserves its original charm and Victorian-esque character, with original hardwood floors, wood work and multiple fireplaces.

8. 2023-04-07
   listed $329,900 Active 933-char remark

   Show marketing remark (933 chars)

   ATTENTION HOUSE HACKERS AND INVESTORS! This multi family property is located on a corner lot on the best street in Coraopolis. This serves as a great income producing asset or turnkey house hack, as top unit lives like a single family house. Recent property updates include; all new windows, roof, siding, gutters, soffit/fascia and wrap-around porch. Furnaces are high efficiency Goodman units and has updated electric panels. Top: 4/1, New kitchen, stainless steel appliances, updated bath, freshly painted, new floors (Unoccupied). Middle: 2/1, Updated bath, large back yard with fire pit, spacious floor plan. Bottom: 1/1, New kitchen, bathroom, flooring, freshly painted. The separate entrance to the utilities room provides ample storage and a washer/dryer. Property has been extensively renovated but conserves its original charm and Victorian-esque character, with original hardwood floors, wood work and multiple fireplaces.

9. 2019-07-25
   soldstatus $102,550
10. 2019-07-19
    status Under Contract

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

11. 2019-07-19
    soldstatus $102,550 Sold

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

12. 2019-06-15
    historical Contingent

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

13. 2019-05-09
    price $107,900

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

14. 2019-05-09
    status Active

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

15. 2019-05-07
    historical Withdrawn

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

16. 2019-04-05
    historical Contingent

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

17. 2019-03-07
    price $127,000

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

18. 2019-01-30
    listed $140,000 Active

    Show marketing remark (592 chars)

    Up and down duplex on a corner lot in Coraopolis. Nice wraparound porch and flat usable yard. Roof replaced in November 2018. Both furnaces are high efficiency, Goodman, furnaces. Updated panel boxes. Separate gas and electric for each unit. 1 water/sewer bill for the duplex. BOTTOM UNIT: Has one bedroom on the main floor and a 2nd bedroom in the basement which has a full bath attached. Washer & Dryer is in the basement. Sunroom is located off the back of the Kitchen. TOP UNIT: This unit features 3 bedrooms, a full bath, and a finished attic. Washer/dryer hookup in the Kitchen.

19. 2015-11-18
    price $74,900
20. 2014-12-24
    soldstatus $74,900
21. 2014-12-24
    price $86,000
22. 2014-09-03
    listed $86,000
23. 2004-11-30
    soldstatus $120,000
24. 2004-11-23
    soldstatus $120,000
25. 2004-08-02
    listed $124,900

ⓘ 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: $3,507 · $292/mo
• Projected year-2 tax: $4,519 · $377/mo
• Expected delta: +$1,011/yr (+$84/mo · 28.8%)

ⓘ 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 · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $60,252
• − Mortgage interest: −$19,605
• − Property taxes: −$3,507
• − Insurance: −$1,750
• − Repairs & maintenance: −$4,820
• − Management: −$4,820
• − Depreciation: −$10,182
• Taxable income: $15,567
• Est. tax owed @ 24.0%: −$3,736
• After-tax cash flow: $16,581/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: Cornell SD
• NCES district ID: 4206810
• Math proficiency: 16% ▼ -10.00%
• Reading proficiency: 39% ▼ -8.00%
• Median HH income: $36,558
• Composite: 22.75/100
• National rank: #8032
• State rank: #461 of 539 in PA

Livability — Coraopolis

• Score: 80/100
• State rank: #193
• US rank: #1621

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coraopolis, PA
• County: Allegheny County · 1,022,028 people
• City population: 42,799
• Metro: Pittsburgh, PA
• Population (ZIP): 42,799
• Household income: $100,859
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 890.0

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 (85%)
• Race & ethnicity: White 85% Black 5% Two or more races 5% Asian 4% Hispanic / Latino 2%
• Common ancestry: Romanian 7% Subsaharan African 4% Slovak 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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: ▼ -220.09%
• Current HPI: 250.7623
• Rent YoY: ▲ 4.13%
• 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

+180.2% since first listed

23 events — show timeline

• 2026-06-16 Price Changed $350,000 West Penn MLS
• 2026-06-10 Relisted — West Penn MLS
• 2026-05-19 Pending — West Penn MLS
• 2026-05-13 Listed $375,000 West Penn MLS
• 2023-04-24 Price Changed $369,900 West Penn MLS
• 2023-04-07 Listed $329,900 West Penn MLS
• 2019-07-25 Sold (Public Records) $102,550 Public Records
• 2019-07-19 Pending — West Penn MLS
• 2019-07-19 Sold (MLS) $102,550 West Penn MLS
• 2019-06-15 Contingent — West Penn MLS
• 2019-05-09 Price Changed $107,900 West Penn MLS
• 2019-05-09 Relisted — West Penn MLS
• 2019-05-07 Delisted — West Penn MLS
• 2019-04-05 Contingent — West Penn MLS
• 2019-03-07 Price Changed $127,000 West Penn MLS
• 2019-01-30 Listed $140,000 West Penn MLS
• 2015-11-18 Price Changed $74,900 West Penn MLS
• 2014-12-24 Price Changed $86,000 West Penn MLS
• 2014-12-24 Sold (MLS) $74,900 West Penn MLS
• 2014-09-03 Listed $86,000 West Penn MLS
• 2004-11-30 Sold (Public Records) $120,000 Public Records
• 2004-11-23 Sold (MLS) $120,000 West Penn MLS
• 2004-08-02 Listed $124,900 West Penn MLS

Property tax history

+1.4%/yr

Latest (2026): $3,507 · +2.8% YoY. Source: county tax records.