349 4th Ave · New Kensington, PA 15068

$89,000

3 bd · 1.0 ba · 1,547 sqft · Other · 64 Days on market

Built 1924 4,800 sqft lot $58/sqft · 32% below area Est $131k · 32% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious 3 bedroom 3 story all brick home in New Kensington. Large covered front porch perfect relaxing on warm summer nights. New tub, shower & vanity in bathroom along with a new roof in 2020. 2 additional rooms on the 3rd floor could be used as bedrooms, office space, additional storage or family rooms. Generously sized living room and dining room make for a Perfect place for entertaining guests. Detached garage accessible from the back alley or park right in front. Great opportunity to own your own home or for an investor. Close to shopping, restaurants, parks, Rt 910, Rt 28 and a short drive to the Pa Turnpike & downtown Pittsburgh.

Key facts

• Covered front porch
• New vanity
• New shower

Tags

• COVERED FRONT PORCH
• NEW TUB
• NEW SHOWER
• NEW VANITY
• NEW ROOF
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $89k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $84k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 7.2% in New Kensington — 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 69/100 on livability (#840 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime 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; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 415 units permitted in Westmoreland County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 27y ago; this cycle's ask has dropped $6k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $61k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; flood insurance adds $66/mo; built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.53% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.09%
• DSCR: 1.76
• GRM: 5.4

CMA / ARV

• ARV (median comp): $131,158
• List price: $89,000
• Delta: -32.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.9% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $2,586
• Equity at exit: $13,270

10-year hold

• IRR: 11.1%
• Equity multiple: 1.82×
• Total profit: $20,439
• Equity at exit: $7,695

Cash invested: $24,920 (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: 5.4×

Monthly cashflow live

• Estimated rent: $1,362 high
• Mortgage (P&I): −$467
• Tax from tax record: −$217 /mo · $2,607/yr
• Insurance: −$37
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $288

Break-even live

Break-even rent $997

Max offer price $89,000

Occupancy floor 74%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 Evans St New Kensington, PA	3.0	2.0	1152	$1,295	$1.12	43d	1	0.58mi
1134 Strawn Ave New Kensington, PA	3.0	1.0	1084	$1,500	$1.38	43d	1	0.79mi
1028 Walnut St Springdale, PA	3.0	1.5	1800	$1,500	$0.83	1d	1	1.06mi
1330 Woodmont Ave New Kensington, PA	3.0	1.0	1250	$1,100	$0.88	10d	1	1.20mi
826 North St New Kensington, PA	4.0	1.5	1250	$1,495	$1.20	1d	1	1.33mi

Listing history 17 events

1. 2026-06-18
   days on market $89,000 Active 64 DOM
2. 2026-06-17
   days on market $89,000 Active 63 DOM
3. 2026-06-16
   days on market $89,000 Active 62 DOM
4. 2026-06-15
   days on market $89,000 Active 61 DOM
5. 2026-06-13
   days on market $89,000 Active 59 DOM
6. 2026-06-09
   days on market $89,000 Active 55 DOM
7. 2026-06-08
   days on market $89,000 Active 54 DOM
8. 2026-06-07
   pricedays on market $89,000 Active 53 DOM
9. 2026-06-05
   statusdays on market $95,000 Active 50 DOM
10. 2026-06-03
    days on market $95,000 Contingent 49 DOM
11. 2026-06-02
    days on market $95,000 Contingent 48 DOM
12. 2026-06-01
    days on market $95,000 Contingent 47 DOM
13. 2026-05-31
    days on market $95,000 Contingent 46 DOM
14. 2026-04-08
    listed $95,000 Active 673-char remark

    Show marketing remark (673 chars)

    Welcome to this spacious 3 bedroom 3 story all brick home in New Kensington. Large covered front porch perfect relaxing on warm summer nights. New tub, shower & vanity in bathroom along with a new roof in 2020. 2 additional rooms on the 3rd floor could be used as bedrooms, office space, additional storage or family rooms. Generously sized living room and dining room make for a Perfect place for entertaining guests. Detached garage accessible from the back alley or park right in front. Great opportunity to own your own home or for an investor. Close to shopping, restaurants, parks, Rt 910, Rt 28 and a short drive to the Pa Turnpike & downtown Pittsburgh.

15. 1999-10-14
    soldstatus $61,000
16. 1999-09-28
    soldstatus $61,000 106-char remark

    Show marketing remark (106 chars)

    TWO RMS IN ATTIC FRENCH DOORS NEWER WINDOWS NEW ROOF ON REAR PORCH & GARAGE NEWER CB BOX H2O TANK 1994

17. 1999-05-01
    listed $61,000 106-char remark

    Show marketing remark (106 chars)

    TWO RMS IN ATTIC FRENCH DOORS NEWER WINDOWS NEW ROOF ON REAR PORCH & GARAGE NEWER CB BOX H2O TANK 1994

ⓘ 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: $2,607 · $217/mo
• Projected year-2 tax: $2,607 · $217/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,344
• − Mortgage interest: −$4,985
• − Property taxes: −$2,607
• − Insurance: −$1,242
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$2,589
• Taxable income: $2,305
• Est. tax owed @ 24.0%: −$553
• After-tax cash flow: $2,908/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 — New Kensington

• Score: 69/100
• State rank: #840
• US rank: #8791

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Kensington, PA
• County: Westmoreland County · 183,777 people
• City population: 36,203
• 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

+55.7% since first listed

4 events — show timeline

• 2026-04-08 Listed $95,000 West Penn MLS
• 1999-10-14 Sold (Public Records) $61,000 Public Records
• 1999-09-28 Sold (MLS) $61,000 West Penn MLS
• 1999-05-01 Listed $61,000 West Penn MLS

Property tax history

+2.0%/yr

Latest (2026): $2,607 · +0.0% YoY. Source: county tax records.