10 Mcclellan Ave · Mount Jewett, PA 16740

$69,000

4 bd · 2.0 ba · 1,799 sqft · MultiFamily · 329 Days on market

Built 1931 Fair condition 0.25 ac lot

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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
• Appreciation +5.0/10.0
• Schools +3.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Fully Occupied Duplex on Quiet Neighborhood Street – Mt. Jewett, PA This well-maintained duplex offers a solid investment opportunity in a residential neighborhood setting. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property sits on a nice-sized lot with a shared yard—ideal for outdoor enjoyment or future landscaping enhancements. Both units are currently fully occupied, offering immediate rental income for the new owner. Located on a quiet street with convenient access to local amenities, this duplex is a great addition to any investment portfolio.

Key facts

• Quiet neighborhood
• 0.25 acre lot
• 2 parking spots

Tags

• QUIET NEIGHBORHOOD
• SOLID INVESTMENT OPPORTUNITY
• IMMEDIATE RENTAL INCOME

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $69k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $897 ($11k/yr) — positive. Per door: $448/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#1,366 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, health & safety D.
• Kane Area SD (rural): math 35% / reading 54% proficiency, ranked #291 of 539 in PA (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 29 units permitted in McKean County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($477 loan paydown + $2k appreciation (3.0% local appreciation)).
• McKean County population projected at -17% 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 $19k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 329 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $56k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 329 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1931 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. Crime grade is D 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?
10. 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.
11. 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.
12. 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: 2.52% ✓
• Cap rate: 21.89%
• Cash-on-cash: 55.71%
• DSCR: 3.48
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 60.7%
• Equity multiple: 4.39×
• Total profit: $65,467
• Equity at exit: $31,025

10-year hold

• IRR: 60.3%
• Equity multiple: 8.92×
• Total profit: $153,038
• Equity at exit: $47,814

Cash invested: $19,320 (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 16740

• Active inventory: 5
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,739 medium
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $897

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 43%

Sensitivity live

Price	-10% $945	-5% $921	+0% $897	+5% $873	+10% $849
Rent	-10% $760	-5% $828	+0% $897	+5% $966	+10% $1,034
Rate	-1.0pp $932	-0.5pp $915	base $897	+0.5pp $879	+1.0pp $861

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,738
Total (2 units)			$1,739

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-03
   status $69,000 Pending 329 DOM
2. 2026-06-02
   days on market $69,000 Active 329 DOM
3. 2026-06-01
   days on market $69,000 Active 328 DOM
4. 2026-05-31
   days on market $69,000 Active 327 DOM
5. 2026-05-31
   days on market $69,000 Active 326 DOM
6. 2025-10-17
   price $69,000 627-char remark

   Show marketing remark (627 chars)

   Fully Occupied Duplex on Quiet Neighborhood Street – Mt. Jewett, PA This well-maintained duplex offers a solid investment opportunity in a residential neighborhood setting. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property sits on a nice-sized lot with a shared yard—ideal for outdoor enjoyment or future landscaping enhancements. Both units are currently fully occupied, offering immediate rental income for the new owner. Located on a quiet street with convenient access to local amenities, this duplex is a great addition to any investment portfolio.

7. 2025-07-08
   listed $74,000 Active 627-char remark

   Show marketing remark (627 chars)

   Fully Occupied Duplex on Quiet Neighborhood Street – Mt. Jewett, PA This well-maintained duplex offers a solid investment opportunity in a residential neighborhood setting. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property sits on a nice-sized lot with a shared yard—ideal for outdoor enjoyment or future landscaping enhancements. Both units are currently fully occupied, offering immediate rental income for the new owner. Located on a quiet street with convenient access to local amenities, this duplex is a great addition to any investment portfolio.

8. 2022-11-21
   soldstatus $56,000 Closed Sale or Rented 735-char remark

   Show marketing remark (735 chars)

   NEWLY PAINTED EXTERIOR - INVESTMENT PROPERTY OR EASILY CONVERTED TO SINGLE FAMILY - 2 APARTMENTS - 1st floor apartment has Kitchen, Living room, 2 Bedrooms, and a Full Bath. Refrigerator, Gas range/oven, Washer (new), and Dryer included in the sale with this apartment. 2nd floor apartment has Kitchen, Living room, 2 Bedrooms, and Full Bath. Refrigerator and Gas range/oven included in the sale with this apartment. Covered front porch and large level yard. Front and back entrances for both apartments. Partial Basement with outside entrance. Off-street parking. ONE APARTMENT CURRENTLY RENTED / 2ND FLOOR IS CURRENTLY VACANT (interior photos taken prior to occupancy). LIVE ON THE 2ND FLOOR AND COLLECT THE RENT FROM THE 1ST FLOOR!

9. 2022-10-27
   historical Continue to Show- Under Contract 735-char remark

   Show marketing remark (735 chars)

   NEWLY PAINTED EXTERIOR - INVESTMENT PROPERTY OR EASILY CONVERTED TO SINGLE FAMILY - 2 APARTMENTS - 1st floor apartment has Kitchen, Living room, 2 Bedrooms, and a Full Bath. Refrigerator, Gas range/oven, Washer (new), and Dryer included in the sale with this apartment. 2nd floor apartment has Kitchen, Living room, 2 Bedrooms, and Full Bath. Refrigerator and Gas range/oven included in the sale with this apartment. Covered front porch and large level yard. Front and back entrances for both apartments. Partial Basement with outside entrance. Off-street parking. ONE APARTMENT CURRENTLY RENTED / 2ND FLOOR IS CURRENTLY VACANT (interior photos taken prior to occupancy). LIVE ON THE 2ND FLOOR AND COLLECT THE RENT FROM THE 1ST FLOOR!

10. 2022-02-18
    listed $58,900 Active 735-char remark

    Show marketing remark (735 chars)

    NEWLY PAINTED EXTERIOR - INVESTMENT PROPERTY OR EASILY CONVERTED TO SINGLE FAMILY - 2 APARTMENTS - 1st floor apartment has Kitchen, Living room, 2 Bedrooms, and a Full Bath. Refrigerator, Gas range/oven, Washer (new), and Dryer included in the sale with this apartment. 2nd floor apartment has Kitchen, Living room, 2 Bedrooms, and Full Bath. Refrigerator and Gas range/oven included in the sale with this apartment. Covered front porch and large level yard. Front and back entrances for both apartments. Partial Basement with outside entrance. Off-street parking. ONE APARTMENT CURRENTLY RENTED / 2ND FLOOR IS CURRENTLY VACANT (interior photos taken prior to occupancy). LIVE ON THE 2ND FLOOR AND COLLECT THE RENT FROM THE 1ST FLOOR!

11. 2021-05-04
    soldstatus $40,750
12. 2019-09-04
    listed $49,500

ⓘ 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 1/10 Low 7 d/yr ≥88°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,868
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − Depreciation: −$2,007
• Taxable income: $10,277
• Est. tax owed @ 24.0%: −$2,466
• After-tax cash flow: $8,297/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 · 1 photo

Fair 45/100 Moderate rehab

This multi-family property requires moderate renovations to improve its condition and increase its resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major flooring — Worn-out carpet
• Major interior walls — Painted walls with visible wear

Value-add opportunities

• Both New exterior siding — Enhances curb appeal and property value
• Both New flooring — Improves living space and rental appeal
• Both Paint interior walls — Fresh paint improves aesthetics and rental appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
flooring · Worn-out carpet	Major	$15,000–50,000
interior walls · Painted walls with visible wear	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both New exterior siding — Enhances curb appeal and property value ↑
• Both New flooring — Improves living space and rental appeal ↑
• Both Paint interior walls — Fresh paint improves aesthetics and rental appeal ↑

ⓘ 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: Kane Area SD
• NCES district ID: 4212660
• Math proficiency: 35% ▼ -9.00%
• Reading proficiency: 54% ▼ -11.00%
• Median HH income: $41,784
• Composite: 37.36/100
• National rank: #4434
• State rank: #291 of 539 in PA

Livability — Mount Jewett

• Score: 62/100
• State rank: #1366
• US rank: #17074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Jewett, PA
• Population (ZIP): 823

Population outlook (McKean County) Hauer SSP2

• Today (2025): 40,518 people
• By 2030: 39,290 · -3.0%
• By 2040: 36,438 · -10.1%
• By 2050: 33,556 · -17.2%
• By 2075: 27,682 · -31.7%
• By 2100: 21,726 · -46.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 6%
• Common ancestry: Romanian 14% Italian 4% Serbian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · McKean

• 2024 margin: Solid R (+47.2) · D 26.0% · R 73.2%
• 2008→2024 swing: -29.9pp toward R · 2008: -17.3pp · 2024: -47.2pp
• All cycles: 2024: R+47.2 2020: R+46.2 2016: R+47.2 2012: R+28.2 2008: R+17.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+39.4% since first listed

7 events — show timeline

• 2025-10-17 Price Changed $69,000 UNYREIS
• 2025-07-08 Listed $74,000 UNYREIS
• 2022-11-21 Sold (MLS) $56,000 UNYREIS
• 2022-10-27 Contingent — UNYREIS
• 2022-02-18 Listed $58,900 UNYREIS
• 2021-05-04 Sold (MLS) $40,750 UNYREIS
• 2019-09-04 Listed $49,500 UNYREIS