1510 3rd St · Altoona, PA 16601

$69,900

3 bd · 1.0 ba · 1,400 sqft · SingleFamily · 67 Days on market

Built 1924 Fair condition 1,306 sqft lot $50/sqft · at area comps Est $72k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +8.9/15.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOW TAXES!!! Charming 2-story home offering classic character and a functional layout! This property features a covered porch, perfect for relaxing, and a spacious interior with a separate dining room and large living area filled with natural light. The kitchen offers ample cabinet space and a convenient layout with direct access to the rear entry. Upstairs, you'll find comfortable bedrooms with generous space, along with a full bathroom. The finished attic provides additional flexible space--ideal for storage, a home office, or potential bonus room, or additional bedroom.

Key facts

• Covered porch
• Large living area
• Finished attic

Tags

• COVERED PORCH
• SEPARATE DINING ROOM
• LARGE LIVING AREA
• AMPLE CABINET SPACE
• FINISHED ATTIC

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 5.8% in Altoona — 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 79/100 on livability (#237 in PA, #2,060 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Altoona Area SD (urban): math 30% / reading 44% proficiency, ranked #406 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 186 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Blair County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 23y ago; this cycle's ask has dropped $4k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. 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: 1.47% ✓
• Cap rate: 11.92%
• Cash-on-cash: 20.09%
• DSCR: 1.89
• GRM: 5.7

CMA / ARV

• ARV (median comp): $72,102
• List price: $69,900
• Delta: -3.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
229 21st Ave	0.36mi	3/1.0	1,328 (-5%)	1mo	$36,500	$27	73
322 Beech Ave	0.22mi	3/1.5	1,560 (+11%)	3mo	$62,000	$40	66
311 26th Ave	0.65mi	3/1.0	1,414 (+1%)	6mo	$147,000	$104	63
215 7th Ave	0.47mi	3/1.0	1,548 (+11%)	3mo	$45,000	$29	58
2309 1st St	0.54mi	4/1.5 (+1)	1,496 (+7%)	1mo	$147,100	$98	56
511 26th Ave	0.68mi	3/2.0	1,438 (+3%)	5mo	$163,000	$113	56
2514 3rd St	0.65mi	2/1.0 (-1)	1,326 (-5%)	4mo	$154,500	$117	53
1308 17th Ave	0.69mi	3/2.0	1,483 (+6%)	5mo	$54,800	$37	50
1222 19th Ave	0.66mi	2/2.0 (-1)	1,450 (+4%)	6mo	$32,504	$22	50
2109 9th St	0.51mi	3/1.0	1,200 (-14%)	5mo	$122,500	$102	48
1225 19th Ave	0.66mi	3/2.0	1,600 (+14%)	2mo	$138,500	$87	40
908 26th Ave	0.73mi	3/1.0	1,194 (-15%)	3mo	$162,000	$136	38

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: 12.3%
• Equity multiple: 1.49×
• Total profit: $9,561
• Equity at exit: $10,422

10-year hold

• IRR: 21.2%
• Equity multiple: 2.80×
• Total profit: $35,266
• Equity at exit: $6,044

Cash invested: $19,572 (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 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,026 high
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $328

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 63%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1102 17th Ave Altoona, PA	3.0	1.0	1430	$899	$0.63	44d	1	0.49mi
1326 14th Ave Altoona, PA	3.0	1.0	1600	$1,150	$0.72	44d	1	0.73mi
100 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.74mi
200 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.77mi
201 2nd Ave Unit 2nd Fl Altoona, PA	3.0	1.0	1244	$790	$0.64	44d	1	0.77mi
212 College Park Dr Altoona, PA	2.0	2.0	950	$975	$1.03	44d	2	0.80mi
300 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.81mi
400 College Park Dr Altoona, PA	2.0	2.0	940	$975	$1.04	44d	1	0.84mi
1489 Washington Ave Altoona, PA	3.0	1.5	1050	$850	$0.81	44d	1	1.04mi
2708 Wehnwood Rd Altoona, PA	1.0–4.0	1.0–1.5	960	$967	$1.01	44d	5	1.10mi
2015 12th Ave Altoona, PA	3.0	1.0	1600	$1,200	$0.75	44d	1	1.25mi
1101 E Walton Ave Altoona, PA	2.0–3.0	1.0–1.5	975	$1,605	$1.65	44d	9	1.39mi

Listing history 30 events

1. 2026-06-19
   days on market $69,900 Active 67 DOM
2. 2026-06-18
   days on market $69,900 Active 66 DOM
3. 2026-06-17
   days on market $69,900 Active 65 DOM
4. 2026-06-16
   days on market $69,900 Active 64 DOM
5. 2026-06-15
   days on market $69,900 Active 63 DOM
6. 2026-06-14
   days on market $69,900 Active 61 DOM
7. 2026-06-13
   days on market $69,900 Active 60 DOM
8. 2026-06-10
   days on market $69,900 Active 58 DOM
9. 2026-06-09
   days on market $69,900 Active 57 DOM
10. 2026-06-09
    price $69,900 Active 56 DOM
11. 2026-06-08
    days on market $74,000 Active 56 DOM
12. 2026-06-07
    days on market $74,000 Active 55 DOM
13. 2026-06-05
    days on market $74,000 Active 52 DOM
14. 2026-06-03
    days on market $74,000 Active 51 DOM
15. 2026-06-02
    days on market $74,000 Active 50 DOM
16. 2026-06-01
    days on market $74,000 Active 49 DOM
17. 2026-05-31
    days on market $74,000 Active 48 DOM
18. 2026-05-30
    days on market $74,000 Active 47 DOM
19. 2026-04-13
    listed $74,000 Active 582-char remark

    Show marketing remark (582 chars)

    LOW TAXES!!! Charming 2-story home offering classic character and a functional layout! This property features a covered porch, perfect for relaxing, and a spacious interior with a separate dining room and large living area filled with natural light. The kitchen offers ample cabinet space and a convenient layout with direct access to the rear entry. Upstairs, you'll find comfortable bedrooms with generous space, along with a full bathroom. The finished attic provides additional flexible space--ideal for storage, a home office, or potential bonus room, or additional bedroom.

20. 2025-04-29
    soldstatus $55,000 Closed 250-char remark

    Show marketing remark (250 chars)

    This property has been a great rental for the currant owner. Rent $795 per month plus water over $75. Tenant pays all other utilities. NEW Roof and windows in 2018. NEW carpet and paint in 2024. Check it out! Seller is a licensed Real Estate Agent.

21. 2025-03-28
    status Pending 250-char remark

    Show marketing remark (250 chars)

    This property has been a great rental for the currant owner. Rent $795 per month plus water over $75. Tenant pays all other utilities. NEW Roof and windows in 2018. NEW carpet and paint in 2024. Check it out! Seller is a licensed Real Estate Agent.

22. 2025-03-22
    price $59,900 250-char remark

    Show marketing remark (250 chars)

    This property has been a great rental for the currant owner. Rent $795 per month plus water over $75. Tenant pays all other utilities. NEW Roof and windows in 2018. NEW carpet and paint in 2024. Check it out! Seller is a licensed Real Estate Agent.

23. 2025-03-03
    listed $65,000 Active 250-char remark

    Show marketing remark (250 chars)

    This property has been a great rental for the currant owner. Rent $795 per month plus water over $75. Tenant pays all other utilities. NEW Roof and windows in 2018. NEW carpet and paint in 2024. Check it out! Seller is a licensed Real Estate Agent.

24. 2020-03-06
    listed $34,900
25. 2014-05-29
    soldstatus $19,900
26. 2014-01-31
    listed $19,900
27. 2006-10-10
    listed $29,900
28. 2005-06-29
    listed $32,000
29. 2004-01-31
    soldstatus $24,900
30. 2003-07-23
    listed $24,900

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

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 ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,316
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$985
• − Management: −$985
• − Depreciation: −$2,033
• Taxable income: $2,998
• Est. tax owed @ 24.0%: −$720
• After-tax cash flow: $3,213/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This 2-story home requires moderate renovations to improve its condition and increase its value. Repairs to the roof, exterior siding, and windows are necessary, along with updates to the kitchen and bathroom. Painting the exterior and replacing dated flooring and cabinets will significantly enhance its curb appeal and value.

Repairs flagged

• Major roof — visible damage
• Major exterior siding — damaged
• Major windows — damaged frames
• Minor kitchen cabinets — dated
• Minor bathroom wallpaper — dated
• Minor kitchen flooring — carpeted
• Minor bathroom flooring — carpeted

Value-add opportunities

• Both paint exterior — enhances curb appeal and value
• Both repair damaged siding — improves structural integrity and appearance
• Both replace damaged windows — increases natural light and energy efficiency
• Both replace kitchen cabinets — modernizes the space and increases value
• Both replace bathroom wallpaper — updates the space and improves aesthetics
• Both replace kitchen flooring — modernizes the space and increases value
• Both replace bathroom flooring — modernizes the space and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · visible damage	Major	$15,000–50,000
exterior siding · damaged	Major	$15,000–50,000
windows · damaged frames	Major	$15,000–50,000
kitchen cabinets · dated	Minor	$500–3,000
bathroom wallpaper · dated	Minor	$500–3,000
kitchen flooring · carpeted	Minor	$500–3,000
bathroom flooring · carpeted	Minor	$500–3,000
Total estimated repair cost · 7 items		$47,000–162,000

Value-add ROI direction

• Both paint exterior — enhances curb appeal and value ↑
• Both repair damaged siding — improves structural integrity and appearance ↑
• Both replace damaged windows — increases natural light and energy efficiency ↑
• Both replace kitchen cabinets — modernizes the space and increases value ↑
• Both replace bathroom wallpaper — updates the space and improves aesthetics ↑
• Both replace kitchen flooring — modernizes the space and increases value ↑
• Both replace bathroom flooring — modernizes the space and increases value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Altoona Area SD
• NCES district ID: 4202340
• Math proficiency: 30% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $38,465
• Composite: 30.85/100
• National rank: #6130
• State rank: #406 of 539 in PA

Livability — Altoona

• Score: 79/100
• State rank: #237
• US rank: #2060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altoona, PA
• County: Blair County · 59,867 people
• City population: 59,867
• Metro: Altoona, PA
• Population (ZIP): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.97%
• Current HPI: 183.9907
• Rent YoY: —
• Metro: Altoona, 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

+197.2% since first listed

12 events — show timeline

• 2026-04-13 Listed $74,000 AHARMLS
• 2025-04-29 Sold (MLS) $55,000 AHARMLS
• 2025-03-28 Pending — AHARMLS
• 2025-03-22 Price Changed $59,900 AHARMLS
• 2025-03-03 Listed $65,000 AHARMLS
• 2020-03-06 Listed $34,900 AHARMLS
• 2014-05-29 Sold (MLS) $19,900 AHARMLS
• 2014-01-31 Listed $19,900 AHARMLS
• 2006-10-10 Listed $29,900 AHARMLS
• 2005-06-29 Listed $32,000 AHARMLS
• 2004-01-31 Sold (MLS) $24,900 AHARMLS
• 2003-07-23 Listed $24,900 AHARMLS