117 Olinger St · Meyersdale, PA 15552

$150,000

3 bd · 0.5 ba · 2,022 sqft · SingleFamily public records · 79 Days on market

Built 1897 6,490 sqft lot $74/sqft · 7% above area Est $140k · 7% over

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Why this score? — see what drove the D+ 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 +15.6/30.0
• Appreciation +7.1/10.0
• DSCR +4.8/10.0
• Schools +4.3/10.0
• ARV discount +4.2/15.0
• 1% rule +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home's layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale's local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

Key facts

• First-floor bedroom
• 2-car garage
• Fenced backyard

Tags

• FIRST-FLOOR BEDROOM
• FENCED BACKYARD
• WALK-UP ATTIC
• 2-CAR GARAGE
• WARM AND INVITING FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/0.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $64 ($769/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (13.9% below list).
• Recommended offer: $129k (13.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#880 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Meyersdale Area SD (rural): math 38% / reading 64% proficiency, ranked #177 of 539 in PA (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 26 active listings in the ZIP; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (4.1% local appreciation)).
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.1% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $150k implies a 252% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1897 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,117 (13.9% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1897 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.86% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.83%
• DSCR: 1.08
• GRM: 9.7

CMA / ARV

• ARV (median comp): $139,821
• List price: $150,000
• Delta: 7.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
203 Hill St	0.07mi	3/2.0	1,845 (-9%)	3mo	$150,000	$81	74
227 Broadway St	0.14mi	3/2.0	1,792 (-11%)	14mo	$160,000	$89	56
130 Large St	0.51mi	4/2.0 (+1)	2,067 (+2%)	16mo	$25,900	$13	49
414 High St	0.32mi	4/2.0 (+1)	1,792 (-11%)	17mo	$117,000	$65	41
613 North St	0.49mi	4/1.0 (+1)	1,882 (-7%)	22mo	$187,000	$99	40
122 Market St	0.36mi	4/1.0 (+1)	1,727 (-15%)	22mo	$48,000	$28	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.2%
• Equity multiple: 1.74×
• Total profit: $31,160
• Equity at exit: $77,060

10-year hold

• IRR: 13.6%
• Equity multiple: 3.25×
• Total profit: $94,548
• Equity at exit: $126,849

Cash invested: $42,000 (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 15552

• Home prices YoY: 2.8%
• Active inventory: 26
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,291 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$107 /mo · $1,281/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $64

Break-even live

Break-even rent $1,210

Max offer price $150,000

Occupancy floor 90%

Sensitivity live

Price	-10% $149	-5% $107	+0% $64	+5% $22	+10% $-21
Rent	-10% $-38	-5% $13	+0% $64	+5% $115	+10% $166
Rate	-1.0pp $140	-0.5pp $102	base $64	+0.5pp $25	+1.0pp $-14

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-16
   status $150,000 Pending 79 DOM
2. 2026-06-15
   days on market $150,000 Active 79 DOM
3. 2026-06-13
   days on market $150,000 Active 77 DOM
4. 2026-06-12
   days on market $150,000 Active 76 DOM
5. 2026-06-09
   days on market $150,000 Active 73 DOM
6. 2026-06-08
   days on market $150,000 Active 72 DOM
7. 2026-06-08
   days on market $150,000 Active 71 DOM
8. 2026-06-07
   days on market $150,000 Active 70 DOM
9. 2026-06-04
   days on market $150,000 Active 67 DOM
10. 2026-06-02
    days on market $150,000 Active 66 DOM
11. 2026-06-01
    days on market $150,000 Active 65 DOM
12. 2026-05-31
    days on market $150,000 Active 64 DOM
13. 2026-05-11
    status Active 918-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

14. 2026-05-11
    price $150,000 918-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

15. 2026-05-11
    status Active 930-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

16. 2026-05-11
    price $150,000 930-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

17. 2026-04-14
    status Pending 930-char remark

    Show marketing remark (918 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home's layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale's local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

18. 2026-04-14
    historical Active Under Contract 918-char remark

    Show marketing remark (918 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home's layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale's local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

19. 2026-03-27
    price $154,900 918-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

20. 2026-03-27
    price $154,900 930-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

21. 2026-03-02
    listed $164,900 Active 918-char remark

    Show marketing remark (918 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home's layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale's local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

22. 2026-03-01
    listed $164,900 Active 930-char remark

    Show marketing remark (930 chars)

    Welcome to 117 Olinger Street, a well loved and thoughtfully maintained 4-bedroom, 1.5-bath home offering over 2,000 sq. ft. of comfortable living in Meyersdale PA! The home’s layout is both practical and inviting, featuring a first-floor bedroom and laundry for ease of everyday life. If you're looking for a larger than life kitchen, look no further complete with all kitchen appliances, it is perfect for cooking, entertaining, and making memories. A warm and inviting fireplace anchors the main living area, creating a cozy atmosphere year-round. Upstairs you'll find 3 large bedrooms as well as a full bath and walk-up attic. Outside, the fenced backyard offers privacy and room to relax, garden, or play, while the 2-car garage adds valuable storage and convenience. Located close to all of Meyersdale’s local amenities, this well-loved home blends charm, space, and practicality and is ready for its new owners!

23. 1987-10-01
    soldstatus $42,600

ⓘ 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: $1,281 · $107/mo
• Projected year-2 tax: $1,826 · $152/mo
• Expected delta: +$544/yr (+$45/mo · 42.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,494
• − Mortgage interest: −$8,402
• − Property taxes: −$1,281
• − Insurance: −$750
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$4,364
• Taxable loss: −$1,782
• Est. tax savings @ 24.0%: +$428
• After-tax cash flow: $1,197/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: Meyersdale Area SD
• NCES district ID: 4215150
• Math proficiency: 38% ▼ -12.00%
• Reading proficiency: 64% ▼ -6.00%
• Median HH income: $42,823
• Composite: 42.83/100
• National rank: #3137
• State rank: #177 of 539 in PA

Livability — Meyersdale

• Score: 68/100
• State rank: #880
• US rank: #9398

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meyersdale, PA
• Population (ZIP): 5,551

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Iranian 2% Polish 2% Lithuanian 2%
• Languages at home: 88% English-only · German/W. Germanic 12% Spanish 1%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.11%
• Current HPI: 153.4081
• Rent YoY: —
• Metro: —
• 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

+252.1% since first listed

11 events — show timeline

• 2026-05-11 Relisted — CSMLS
• 2026-05-11 Price Changed $150,000 CSMLS
• 2026-05-11 Relisted — West Penn MLS
• 2026-05-11 Price Changed $150,000 West Penn MLS
• 2026-04-14 Pending — West Penn MLS
• 2026-04-14 Contingent — CSMLS
• 2026-03-27 Price Changed $154,900 CSMLS
• 2026-03-27 Price Changed $154,900 West Penn MLS
• 2026-03-02 Listed $164,900 CSMLS
• 2026-03-01 Listed $164,900 West Penn MLS
• 1987-10-01 Sold (Public Records) $42,600 Public Records

Property tax history

+1.0%/yr

Latest (2026): $1,281 · +0.0% YoY. Source: county tax records.