124 Silver St · Millvale, PA 15209

$169,900

2 bd · 1.0 ba · 1,518 sqft · SingleFamily public records · 253 Days on market

Built 1887 7,200 sqft lot $112/sqft · 15% below area Est $200k · 15% under

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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 +26.8/30.0
• ARV discount +14.2/15.0
• DSCR +9.2/10.0
• 1% rule +6.5/10.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

Key facts

• New roof
• Spacious layout
• High on a hill

Tags

• NEW ROOF
• FULLY RENOVATED INTERIOR
• HUGE BRAND NEW BACK DECK
• SPACIOUS LAYOUT
• HIGH ON A HILL
• WALKING DISTANCE FROM SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $463 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 85/100 on livability (#75 in PA, #544 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Shaler Area SD (suburban): math 36% / reading 59% proficiency, ranked #208 of 539 in PA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.3%/yr); 26 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 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.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $48k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 253 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $170k implies a 325% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1887 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 253 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 1887 — 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: 1.15% ✓
• Cap rate: 9.57%
• Cash-on-cash: 11.69%
• DSCR: 1.52
• GRM: 7.2

CMA / ARV

• ARV (median comp): $199,681
• List price: $169,900
• Delta: -14.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
124 Silver St	0.00mi	3/1.5 (+1)	1,518 (0%)	0mo	$157,000	$103	93
103 Vermillion Dr	0.62mi	3/2.0 (+1)	1,477 (-3%)	4mo	$345,000	$234	55
312 Friday Rd	0.56mi	3/1.5 (+1)	1,652 (+9%)	1mo	$220,000	$133	52
520 Bauerlein St	0.38mi	2/2.0	1,380 (-9%)	15mo	$45,000	$33	51
258 Locust Ridge Dr	0.59mi	3/2.5 (+1)	1,548 (+2%)	10mo	$347,000	$224	50
311 School St	0.74mi	3/1.0 (+1)	1,598 (+5%)	3mo	$300,000	$188	49
212 Westwood Ave	0.73mi	3/2.0 (+1)	1,556 (+2%)	10mo	$310,000	$199	44
23 Mansion Ave	0.55mi	3/1.0 (+1)	1,369 (-10%)	12mo	$175,000	$128	43
833 Reserve St	0.68mi	3/1.5 (+1)	1,632 (+8%)	8mo	$317,900	$195	42
841 Stanton Ave	0.65mi	3/1.5 (+1)	1,648 (+9%)	11mo	$235,000	$143	39
110 Friday Rd	0.41mi	2/2.5	1,320 (-13%)	17mo	$210,000	$159	39
204 William St	0.51mi	3/2.0 (+1)	1,296 (-15%)	7mo	$63,000	$49	37

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 · 5.31% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.14×
• Total profit: $6,597
• Equity at exit: $25,333

10-year hold

• IRR: 15.0%
• Equity multiple: 2.34×
• Total profit: $63,627
• Equity at exit: $14,690

Cash invested: $47,572 (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 15209

• Home prices YoY: -27.7%
• Rents YoY: 5.3%
• Active inventory: 26
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,955 high
• Mortgage (P&I): −$891
• Tax from tax record: −$119 /mo · $1,433/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $463

Break-even live

Break-even rent $1,369

Max offer price $169,900

Occupancy floor 71%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 Hugel Dr Unit 1 Pittsburgh, PA	2.0	1.0	1200	$1,450	$1.21	23d	1	0.39mi
107 Shoup St #2 Pittsburgh, PA	2.0	1.0	2064	$2,000	$0.97	43d	1	0.91mi
5275 Butler St Pittsburgh, PA	2.0	1.0–2.0	885	$4,076	$4.61	1d	130	1.24mi
4107 Willow St Pittsburgh, PA	2.0	1.0–2.0	917	$3,334	$3.63	1d	28	1.29mi
5264 Dresden Way Pittsburgh, PA	2.0	2.0	1853	$2,500	$1.35	23d	1	1.30mi
17 Cambria Pt Pittsburgh, PA	3.0	4.0	1692	$1,995	$1.18	43d	1	1.31mi
147 39th St Pittsburgh, PA	3.0	1.0–2.0	934	$2,728	$2.92	1d	44	1.43mi
160 56th St Pittsburgh, PA	3.0	3.0	1737	$3,900	$2.25	19d	1	1.43mi

Listing history 13 events

1. 2026-05-16
   historical Contingent 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

2. 2026-04-29
   price $169,900 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

3. 2026-03-23
   price $179,000 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

4. 2025-12-11
   status Active 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

5. 2025-11-28
   historical Contingent 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

6. 2025-10-30
   price $189,000 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

7. 2025-09-17
   listed $199,900 Active 551-char remark

   Show marketing remark (551 chars)

   Welcome to 124 Silver street! With a new roof, fully renovated interior, spacious bedrooms and A HUGE BRAND NEW BACK DECK, this house is exquisite! Walk through your back yard into a wooded land trust. Alongside a spacious layout, this house is high on a hill above the more flood prone areas of Millvale! If you are looking for that perfect home, less than 15 minutes from downtown Pittsburgh, 5 minutes away from highway access, and nearly walking distance from Concert Venues, shopping and a variety of restaurants and nightlife, Look no further!!!

8. 2024-03-11
   soldstatus $40,000
9. 2024-03-01
   soldstatus $40,000 Closed 426-char remark

   Show marketing remark (426 chars)

   Discover the potential of this captivating property, ready for your total renovation vision. Embrace the opportunity to create a custom masterpiece in a desirable location. Sold AS IS, WHERE IS, this home presents a blank canvas for the discerning buyer seeking to craft their dream living space from the ground up. Unlock the possibilities and bring your vision to life in this prime real estate offering through a cash sale.

10. 2024-01-15
    status Pending 426-char remark

    Show marketing remark (426 chars)

    Discover the potential of this captivating property, ready for your total renovation vision. Embrace the opportunity to create a custom masterpiece in a desirable location. Sold AS IS, WHERE IS, this home presents a blank canvas for the discerning buyer seeking to craft their dream living space from the ground up. Unlock the possibilities and bring your vision to life in this prime real estate offering through a cash sale.

11. 2023-12-22
    listed $55,000 Active 426-char remark

    Show marketing remark (426 chars)

    Discover the potential of this captivating property, ready for your total renovation vision. Embrace the opportunity to create a custom masterpiece in a desirable location. Sold AS IS, WHERE IS, this home presents a blank canvas for the discerning buyer seeking to craft their dream living space from the ground up. Unlock the possibilities and bring your vision to life in this prime real estate offering through a cash sale.

12. 2005-09-12
    soldstatus $18,000
13. 2004-12-23
    listed $24,900

ⓘ 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: $1,433 · $119/mo
• Projected year-2 tax: $2,059 · $172/mo
• Expected delta: +$626/yr (+$52/mo · 43.7%)

ⓘ 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 ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,460
• − Mortgage interest: −$9,517
• − Property taxes: −$1,433
• − Insurance: −$850
• − Repairs & maintenance: −$1,877
• − Management: −$1,877
• − Depreciation: −$4,943
• Taxable income: $2,965
• Est. tax owed @ 24.0%: −$711
• After-tax cash flow: $4,848/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: Shaler Area SD
• NCES district ID: 4221200
• Math proficiency: 36% ▼ -16.00%
• Reading proficiency: 59% ▼ -15.00%
• Median HH income: $57,411
• Composite: 41.33/100
• National rank: #3506
• State rank: #208 of 539 in PA

Livability — Millvale

• Score: 85/100
• State rank: #75
• US rank: #544

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millvale, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 12,328
• Household income: $85,542
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 356.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 3% Black 3% Two or more races 2% Asian 1%
• Common ancestry: Romanian 13% Serbian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Arabic 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: ▼ -117.81%
• Current HPI: 307.7796
• Rent YoY: ▲ 5.31%
• 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

+582.3% since first listed

13 events — show timeline

• 2026-05-16 Contingent — West Penn MLS
• 2026-04-29 Price Changed $169,900 West Penn MLS
• 2026-03-23 Price Changed $179,000 West Penn MLS
• 2025-12-11 Relisted — West Penn MLS
• 2025-11-28 Contingent — West Penn MLS
• 2025-10-30 Price Changed $189,000 West Penn MLS
• 2025-09-17 Listed $199,900 West Penn MLS
• 2024-03-11 Sold (Public Records) $40,000 Public Records
• 2024-03-01 Sold (MLS) $40,000 West Penn MLS
• 2024-01-15 Pending — West Penn MLS
• 2023-12-22 Listed $55,000 West Penn MLS
• 2005-09-12 Sold (MLS) $18,000 West Penn MLS
• 2004-12-23 Listed $24,900 West Penn MLS

Property tax history

-3.8%/yr

Latest (2026): $1,433 · +13.0% YoY. Source: county tax records.