1301-1301.5 Penn Ave · Jeannette, PA 15644

$119,900

6 bd · 4.0 ba · — sqft · Other · 146 Days on market

871 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

EXCELLENT INVESTMENT OPPORTUNITY FOR ANY NEW OR EXPERIENCED INVESTOR. FULLY OCCUPIED, WELL-MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY AND LONG TERM EXISTING TENANTS IN THE HEART OF WEST JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM 10+ YEAR TENANT IN THE OTHER. A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY AND GIVING SPACE FOR A POTENTIAL GARAGE BUILD. NEW SEWAGE LINE INSTALLED WITHIN THE LAST YEAR, AND THIS PROPERTY IS AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR. ALL THE WORK HAS BEEN DONE FOR YOU TO THIS CORNERSTONE, CORNER LOT PROPERTY TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

Key facts

• Remodeled unit
• Large backyard
• New sewage line

Tags

• WELL-MAINTAINED DUPLEX
• REMODELED UNIT
• LARGE BACKYARD
• WRAPAROUND PORCH
• NEW SEWAGE LINE
• CORNER LOT

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath other listed at $120k.

Deal economics

• At list price, monthly cash flow is $648 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#1,552 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, schools B; Watch: crime D+, amenities F, commute F.
• Jeannette City SD (suburban): math 25% / reading 47% proficiency, ranked #417 of 539 in PA (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 130 active listings in the ZIP; 415 units permitted in Westmoreland County in 2024 (10 in 5+ unit buildings).
• This rent runs 35% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k 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 + 3.0% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $104k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
6. 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?
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: 1.58% ✓
• Cap rate: 13.44%
• Cash-on-cash: 25.52%
• DSCR: 2.14
• GRM: 5.3

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: 16.2%
• Equity multiple: 1.65×
• Total profit: $21,859
• Equity at exit: $17,877

10-year hold

• IRR: 24.8%
• Equity multiple: 3.15×
• Total profit: $72,314
• Equity at exit: $10,367

Cash invested: $33,572 (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 15644

• Home prices YoY: -34.7%
• Active inventory: 130
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,894 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$104 /mo · $1,242/yr
• Insurance: −$50
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $648

Break-even live

Break-even rent $1,074

Max offer price $119,900

Occupancy floor 61%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $119,900 Active 146 DOM
2. 2026-06-17
   days on market $119,900 Active 145 DOM
3. 2026-06-16
   days on market $119,900 Active 144 DOM
4. 2026-06-15
   days on market $119,900 Active 143 DOM
5. 2026-06-13
   days on market $119,900 Active 141 DOM
6. 2026-06-09
   days on market $119,900 Active 137 DOM
7. 2026-06-08
   days on market $119,900 Active 136 DOM
8. 2026-06-07
   days on market $119,900 Active 135 DOM
9. 2026-06-03
   days on market $119,900 Active 131 DOM
10. 2026-06-02
    days on market $119,900 Active 130 DOM
11. 2026-06-01
    days on market $119,900 Active 129 DOM
12. 2026-05-31
    days on market $119,900 Active 128 DOM
13. 2026-03-21
    price $119,900 675-char remark

    Show marketing remark (675 chars)

    EXCELLENT INVESTMENT OPPORTUNITY FOR ANY NEW OR EXPERIENCED INVESTOR. FULLY OCCUPIED, WELL-MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY AND LONG TERM EXISTING TENANTS IN THE HEART OF WEST JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM 10+ YEAR TENANT IN THE OTHER. A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY AND GIVING SPACE FOR A POTENTIAL GARAGE BUILD. NEW SEWAGE LINE INSTALLED WITHIN THE LAST YEAR, AND THIS PROPERTY IS AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR. ALL THE WORK HAS BEEN DONE FOR YOU TO THIS CORNERSTONE, CORNER LOT PROPERTY TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

14. 2026-01-23
    listed $125,000 Active 675-char remark

    Show marketing remark (675 chars)

    EXCELLENT INVESTMENT OPPORTUNITY FOR ANY NEW OR EXPERIENCED INVESTOR. FULLY OCCUPIED, WELL-MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY AND LONG TERM EXISTING TENANTS IN THE HEART OF WEST JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM 10+ YEAR TENANT IN THE OTHER. A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY AND GIVING SPACE FOR A POTENTIAL GARAGE BUILD. NEW SEWAGE LINE INSTALLED WITHIN THE LAST YEAR, AND THIS PROPERTY IS AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR. ALL THE WORK HAS BEEN DONE FOR YOU TO THIS CORNERSTONE, CORNER LOT PROPERTY TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

15. 2024-07-19
    soldstatus $103,500 Closed 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

16. 2024-07-19
    status Pending 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

17. 2024-05-17
    historical Contingent 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

18. 2024-05-10
    price $105,000 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

19. 2024-02-07
    price $114,000 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

20. 2023-12-12
    price $114,900 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

21. 2023-10-20
    listed $109,900 Active 442-char remark

    Show marketing remark (442 chars)

    FULLY OCCUPIED EXCEPTIONALLY WELL MAINTAINED DUPLEX WITH EXCELLENT RENTAL HISTORY IN THE HEART OF JEANNETTE. THIS PROPERTY FEATURES A COMPLETELY REMODELED UNIT AND A LONG TERM TENANT IN THE OTHER. THERE'S A LARGE BACKYARD AND WRAPAROUND PORCH FOR THE TENANTS TO ENJOY. AS LOW MAINTENANCE AS A SAVVY INVESTOR CAN ASK FOR, THE WORK HAS BEEN DONE FOR YOU. A CORNERSTONE PIECE TO ADD TO AN EXISTING PORTFOLIO OR BEGIN YOUR INVESTING JOURNEY WITH.

ⓘ 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: $1,242 · $104/mo
• Projected year-2 tax: $1,568 · $131/mo
• Expected delta: +$326/yr (+$27/mo · 26.2%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,729
• − Mortgage interest: −$6,716
• − Property taxes: −$1,242
• − Insurance: −$1,397
• − Repairs & maintenance: −$1,818
• − Management: −$1,818
• − Depreciation: −$3,488
• Taxable income: $6,249
• Est. tax owed @ 24.0%: −$1,500
• After-tax cash flow: $6,272/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: Jeannette City SD
• NCES district ID: 4212330
• Math proficiency: 25% ▼ -8.00%
• Reading proficiency: 47% ▼ -7.00%
• Median HH income: $37,400
• Composite: 29.88/100
• National rank: #6398
• State rank: #417 of 539 in PA

Livability — Jeannette

• Score: 59/100
• State rank: #1552
• US rank: #20510

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jeannette, PA
• County: Westmoreland County · 183,777 people
• City population: 18,512
• Metro: Pittsburgh, PA
• Population (ZIP): 18,512
• Household income: $64,684
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 342.0

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 (87%)
• Race & ethnicity: White 87% Two or more races 6% Black 5% Hispanic / Latino 3%
• Common ancestry: Romanian 6% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -95.33%
• Current HPI: 179.5086
• Rent YoY: —
• 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

+9.1% since first listed

9 events — show timeline

• 2026-03-21 Price Changed $119,900 West Penn MLS
• 2026-01-23 Listed $125,000 West Penn MLS
• 2024-07-19 Sold (MLS) $103,500 West Penn MLS
• 2024-07-19 Pending — West Penn MLS
• 2024-05-17 Contingent — West Penn MLS
• 2024-05-10 Price Changed $105,000 West Penn MLS
• 2024-02-07 Price Changed $114,000 West Penn MLS
• 2023-12-12 Price Changed $114,900 West Penn MLS
• 2023-10-20 Listed $109,900 West Penn MLS

Property tax history

+1.1%/yr

Latest (2026): $1,242 · +0.0% YoY. Source: county tax records.