1421 5th Ave · Arnold, PA 15068

$175,000

7 bd · 3.5 ba · — sqft · MultiFamily · 227 Days on market

2,639 sqft lot ↓ 30% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• 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

Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.

Key facts

• 2,639 sq ft lot
• Listed 227 days

What this means for you Summary

Snapshot

• This is a 7-bed/3.5-bath multifamily listed at $175k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#1,212 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• New Kensington-Arnold SD (suburban): math 16% / reading 31% proficiency, ranked #483 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.9%/yr); 167 active listings in the ZIP; 415 units permitted in Westmoreland County in 2024 (10 in 5+ unit buildings).
• At $3,559/mo this rent would consume 67% of the median local household income ($63k/yr) (locally 967% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Westmoreland County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $49k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 227 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 227 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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 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: 2.03% ✓
• Cap rate: 17.28%
• Cash-on-cash: 39.24%
• DSCR: 2.75
• GRM: 4.1

CMA / ARV

• ARV (median comp): $111,537
• List price: $175,000
• Delta: 56.90%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1237 Kenneth Ave	0.65mi	7/3.0	—	2mo	$148,500	—	54
1213 Kenneth	0.69mi	6/3.0 (-1)	—	3mo	$130,000	—	46
662-668 Catalpa Steet	0.69mi	8/4.0 (+1)	—	4mo	$312,500	—	45
1216 Kenneth Ave	0.68mi	6/3.0 (-1)	—	8mo	$80,000	—	42
1023-1027 Freeport Rd	0.71mi	8/7.0 (+1)	—	14mo	$245,000	—	24

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 · 1.9% rent growth · sell at horizon

5-year hold

• IRR: 34.2%
• Equity multiple: 2.43×
• Total profit: $69,846
• Equity at exit: $26,093

10-year hold

• IRR: 40.5%
• Equity multiple: 4.61×
• Total profit: $176,801
• Equity at exit: $15,131

Cash invested: $49,000 (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 15068

• Home prices YoY: -12.2%
• Rents YoY: 1.9%
• Active inventory: 167
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $3,559 high
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$747
• Net cashflow: $1,602

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 50%

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

Units	Beds	Baths	Est. rent
1× unit	4	1.5	$1,565
1× unit	2	1	$1,028
1× unit	0	0	$966
Total (3 units)			$3,559

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $175,000 Active 227 DOM
2. 2026-06-17
   days on market $175,000 Active 226 DOM
3. 2026-06-16
   days on market $175,000 Active 225 DOM
4. 2026-06-15
   days on market $175,000 Active 224 DOM
5. 2026-06-13
   days on market $175,000 Active 222 DOM
6. 2026-06-09
   days on market $175,000 Active 218 DOM
7. 2026-06-08
   days on market $175,000 Active 217 DOM
8. 2026-06-07
   days on market $175,000 Active 216 DOM
9. 2026-06-05
   days on market $175,000 Active 213 DOM
10. 2026-06-03
    days on market $175,000 Active 212 DOM
11. 2026-06-02
    days on market $175,000 Active 211 DOM
12. 2026-06-01
    days on market $175,000 Active 210 DOM
13. 2026-05-31
    days on market $175,000 Active 209 DOM
14. 2026-04-14
    price $175,000 652-char remark

    Show marketing remark (652 chars)

    Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.

15. 2026-01-29
    price $200,000 652-char remark

    Show marketing remark (652 chars)

    Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.

16. 2026-01-05
    price $230,000 652-char remark

    Show marketing remark (652 chars)

    Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.

17. 2025-11-03
    listed $250,000 Active 652-char remark

    Show marketing remark (652 chars)

    Fantastic investment opportunity at 1421 5th Avenue in Arnold! This large brick multi-unit building offers a ton of potential with three separate spaces. The main level features a commercial storefront currently used as a residential apartment. Upstairs is a massive four bedroom, one and one-half bath apartment with great layout options and plenty of space. In the rear, you’ll find a separate two-bed, one-bath home that’s already gutted and ready for your vision—perfect for creating additional rental income. If you’re looking for a project with real upside and plenty of ways to add value, this one is worth a closer look.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $42,708
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$3,417
• − Management: −$3,417
• − Depreciation: −$5,091
• Taxable income: $17,481
• Est. tax owed @ 24.0%: −$4,195
• After-tax cash flow: $15,031/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 Kensington-Arnold SD
• NCES district ID: 4216740
• Math proficiency: 16% ▼ -7.00%
• Reading proficiency: 31% ▼ -13.00%
• Median HH income: $34,386
• Composite: 19.26/100
• National rank: #8805
• State rank: #483 of 539 in PA

Livability — Arnold

• Score: 64/100
• State rank: #1212
• US rank: #14318

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Arnold, PA
• County: Westmoreland County · 183,777 people
• Metro: Pittsburgh, PA
• Population (ZIP): 36,203
• Household income: $63,426
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 967.0

Population outlook (Westmoreland County) Hauer SSP2

• Today (2025): 342,555 people
• By 2030: 331,717 · -3.2%
• By 2040: 304,976 · -11.0%
• By 2050: 277,444 · -19.0%
• By 2075: 224,607 · -34.4%
• By 2100: 171,084 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 8% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 12% Subsaharan African 2% Serbian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 0%

Political lean MEDSL · Westmoreland

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.9%
• 2008→2024 swing: -11.7pp toward R · 2008: -16.7pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+28.3 2016: R+31.3 2012: R+23.7 2008: R+16.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.50%
• Current HPI: 305.926
• Rent YoY: ▲ 1.90%
• 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

-30.0% since first listed

4 events — show timeline

• 2026-04-14 Price Changed $175,000 West Penn MLS
• 2026-01-29 Price Changed $200,000 West Penn MLS
• 2026-01-05 Price Changed $230,000 West Penn MLS
• 2025-11-03 Listed $250,000 West Penn MLS