508 Ohio Ave · Glassport, PA 15045

$109,900

3 bd · 1.5 ba · 1,850 sqft · MultiFamily public records · 21 Days on market

Built 1901 2,748 sqft 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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Appreciation +5.1/10.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

This is a perfect opportunity for any investor to pick up a cash flowing House and Unit to add to their portfolio, or live in one side and rent out the other. This property is a 3-bedroom, 1.5 bath home in the front with a small back yard and a 2 car detached garage with a nice 2-bedroom, 1 bath apartment above it. Great house hack or buy-and-hold.

Key facts

• 2,748 sq ft lot
• Garage
• Built 1901

Property features AI

Finance

• HOA & community: Public transportation access

Exterior

• Parking: Detached garage (2 parking spaces)
• Utilities: Public water; Public sewer; Electric service available; Gas heating available
• Home design: 3-story frame residence; Resale property; Asphalt roof
• Construction: Frame construction; Asphalt roof
• Exterior features: 25 x 110 lot dimensions

Interior

• Flooring: Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Gas heating
• Interior features: Hardwood floors; Basement present

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath multifamily listed at $110k.

Deal economics

• At list price, monthly cash flow is $260 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#716 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: crime C-, employment D+, schools D-.
• South Allegheny SD (suburban): math 23% / reading 44% proficiency, ranked #430 of 539 in PA (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 24 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• In year one you build about $956 of equity ($760 loan paydown + $196 appreciation (0.2% local appreciation)).
• At projected returns (0.2% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 15y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $110k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,251 (1.5% below list)

Questions for the listing agent

1. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.14%
• DSCR: 1.45
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.6%
• Equity multiple: 1.47×
• Total profit: $14,327
• Equity at exit: $32,894

10-year hold

• IRR: 14.4%
• Equity multiple: 2.61×
• Total profit: $49,507
• Equity at exit: $40,333

Cash invested: $30,772 (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 15045

• Home prices YoY: 0.1%
• Active inventory: 24
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,370 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$200 /mo · $2,400/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $260

Break-even live

Break-even rent $1,041

Max offer price $109,900

Occupancy floor 76%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
833 Vermont Ave Glassport, PA	3.0	1.0	1290	$1,395	$1.08	23d	1	0.41mi
185 Carnegie Ave Clairton, PA	3.0	1.0	1404	$1,295	$0.92	43d	1	1.33mi

Listing history 49 events

1. 2026-06-18
   days on market $109,900 Active 21 DOM
2. 2026-06-17
   days on market $109,900 Active 20 DOM
3. 2026-06-16
   days on market $109,900 Active 19 DOM
4. 2026-06-15
   days on market $109,900 Active 18 DOM
5. 2026-06-13
   days on market $109,900 Active 16 DOM
6. 2026-06-13
   days on market $109,900 Active 15 DOM
7. 2026-06-09
   days on market $109,900 Active 12 DOM
8. 2026-06-08
   pricedays on market $109,900 Active 11 DOM
9. 2026-06-07
   days on market $119,900 Active 10 DOM
10. 2026-06-05
    days on market $119,900 Active 7 DOM
11. 2026-06-03
    days on market $119,900 Active 6 DOM
12. 2026-06-02
    days on market $119,900 Active 5 DOM
13. 2026-06-01
    days on market $119,900 Active 4 DOM
14. 2026-05-31
    days on market $119,900 Active 3 DOM
15. 2026-04-27
    listed $119,900 Active 350-char remark

    Show marketing remark (350 chars)

    This is a perfect opportunity for any investor to pick up a cash flowing House and Unit to add to their portfolio, or live in one side and rent out the other. This property is a 3-bedroom, 1.5 bath home in the front with a small back yard and a 2 car detached garage with a nice 2-bedroom, 1 bath apartment above it. Great house hack or buy-and-hold.

16. 2025-01-18
    historical $745
17. 2024-12-20
    price $745
18. 2024-12-12
    price $795
19. 2024-11-30
    price $845
20. 2024-10-04
    price $895
21. 2024-09-12
    listed $995
22. 2024-06-28
    price $129,000 362-char remark

    Show marketing remark (362 chars)

    Great opportunity to pick up an occupied cash-flowing duplex. This property is a 3-bedroom, 1.5-bath home in the front with a small backyard and a 2-car detached garage in the rear with a nice 2-bedroom apartment above it. The property is currently fully-occupied and pulling in $1570/month and the tenants pay electric and gas. Great house hack or buy-and-hold.

23. 2024-04-16
    price $134,900 362-char remark

    Show marketing remark (362 chars)

    Great opportunity to pick up an occupied cash-flowing duplex. This property is a 3-bedroom, 1.5-bath home in the front with a small backyard and a 2-car detached garage in the rear with a nice 2-bedroom apartment above it. The property is currently fully-occupied and pulling in $1570/month and the tenants pay electric and gas. Great house hack or buy-and-hold.

24. 2024-03-11
    price $139,900 362-char remark

    Show marketing remark (362 chars)

    Great opportunity to pick up an occupied cash-flowing duplex. This property is a 3-bedroom, 1.5-bath home in the front with a small backyard and a 2-car detached garage in the rear with a nice 2-bedroom apartment above it. The property is currently fully-occupied and pulling in $1570/month and the tenants pay electric and gas. Great house hack or buy-and-hold.

25. 2024-02-23
    listed $145,000 Active 362-char remark

    Show marketing remark (362 chars)

    Great opportunity to pick up an occupied cash-flowing duplex. This property is a 3-bedroom, 1.5-bath home in the front with a small backyard and a 2-car detached garage in the rear with a nice 2-bedroom apartment above it. The property is currently fully-occupied and pulling in $1570/month and the tenants pay electric and gas. Great house hack or buy-and-hold.

26. 2022-06-07
    price $115,000
27. 2022-06-07
    price $115,000
28. 2022-05-10
    price $117,500
29. 2022-05-10
    price $117,500
30. 2022-04-29
    status Active
31. 2022-04-29
    status Active
32. 2022-04-18
    historical Contingent
33. 2022-04-18
    historical Contingent
34. 2022-04-01
    price $118,000
35. 2022-04-01
    price $118,000
36. 2022-03-02
    price $119,900
37. 2022-03-02
    price $119,900
38. 2022-02-21
    price $125,000
39. 2022-02-21
    price $125,000
40. 2022-02-13
    listed $120,000 Active
41. 2022-02-13
    listed $120,000 Active
42. 2018-03-29
    historical Withdrawn
43. 2018-03-29
    historical
44. 2018-03-27
    listed $60,000 Active
45. 2018-03-27
    listed $60,000
46. 2011-08-22
    soldstatus $22,000
47. 2011-08-16
    price $25,000
48. 2011-08-16
    soldstatus $22,000
49. 2011-07-15
    listed $22,000

ⓘ 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: $2,400 · $200/mo
• Projected year-2 tax: $2,400 · $200/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,437
• − Mortgage interest: −$6,156
• − Property taxes: −$2,400
• − Insurance: −$550
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$3,197
• Taxable income: $1,504
• Est. tax owed @ 24.0%: −$361
• After-tax cash flow: $2,759/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: South Allegheny SD
• NCES district ID: 4221910
• Math proficiency: 23% ▼ -10.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $40,891
• Composite: 28.15/100
• National rank: #6815
• State rank: #430 of 539 in PA

Livability — Glassport

• Score: 71/100
• State rank: #716
• US rank: #7113

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glassport, PA
• City population: 4,400
• Population (ZIP): 4,400

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 (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Black 4% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 18% Portuguese 6% Serbian 6%
• Foreign-born: 1% · South Korea, Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1% Korean 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: ▲ 0.18%
• Current HPI: 214.7403
• 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

+399.5% since first listed

37 events — show timeline

• 2026-06-08 Price Changed $109,900 West Penn MLS
• 2026-05-28 Listed $119,900 West Penn MLS
• 2026-04-27 Listed $119,900 West Penn MLS
• 2025-01-18 Rental Removed $745 SHOWMOJO
• 2024-12-20 Price Changed $745 SHOWMOJO
• 2024-12-12 Price Changed $795 SHOWMOJO
• 2024-11-30 Price Changed $845 SHOWMOJO
• 2024-10-04 Price Changed $895 SHOWMOJO
• 2024-09-12 Listed for Rent $995 SHOWMOJO
• 2024-06-28 Price Changed $129,000 West Penn MLS
• 2024-04-16 Price Changed $134,900 West Penn MLS
• 2024-03-11 Price Changed $139,900 West Penn MLS
• 2024-02-23 Listed $145,000 West Penn MLS
• 2022-06-07 Price Changed $115,000 West Penn MLS
• 2022-06-07 Price Changed $115,000 West Penn MLS
• 2022-05-10 Price Changed $117,500 West Penn MLS
• 2022-05-10 Price Changed $117,500 West Penn MLS
• 2022-04-29 Relisted — West Penn MLS
• 2022-04-29 Relisted — West Penn MLS
• 2022-04-18 Contingent — West Penn MLS
• 2022-04-18 Contingent — West Penn MLS
• 2022-04-01 Price Changed $118,000 West Penn MLS
• 2022-04-01 Price Changed $118,000 West Penn MLS
• 2022-03-02 Price Changed $119,900 West Penn MLS
• 2022-03-02 Price Changed $119,900 West Penn MLS
• 2022-02-21 Price Changed $125,000 West Penn MLS
• 2022-02-21 Price Changed $125,000 West Penn MLS
• 2022-02-13 Listed $120,000 West Penn MLS
• 2022-02-13 Listed $120,000 West Penn MLS
• 2018-03-29 Delisted — West Penn MLS
• 2018-03-29 Delisted — West Penn MLS
• 2018-03-27 Listed $60,000 West Penn MLS
• 2018-03-27 Listed $60,000 West Penn MLS
• 2011-08-22 Sold (Public Records) $22,000 Public Records
• 2011-08-16 Sold (MLS) $22,000 West Penn MLS
• 2011-08-16 Price Changed $25,000 West Penn MLS
• 2011-07-15 Listed $22,000 West Penn MLS

Property tax history

+4.4%/yr

Latest (2026): $2,400 · +6.9% YoY. Source: county tax records.