1216 S Pittsburgh St · Connellsville, PA 15425

$109,900

4 bd · 2.0 ba · 1,976 sqft · SingleFamily public records · 265 Days on market

Built 1930 6,094 sqft lot $56/sqft · 42% below area Est $189k · 42% 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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.8/10.0
• Livability +3.6/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

Key facts

• Original brickwork
• Period features
• Original trim

Tags

• ORIGINAL BRICKWORK
• WELCOMING FRONT PORCH
• PERIOD FEATURES
• BUILT-INS
• HARDWOOD FLOORS
• ORIGINAL TRIM

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $278 ($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: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 6.8% in Connellsville — 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 72/100 on livability (#602 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools D+, commute D+, crime D-.
• Connellsville Area SD (rural): math 23% / reading 39% proficiency, ranked #440 of 539 in PA (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 201 units permitted in Fayette County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Fayette 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 $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 265 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $110k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 265 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.28% ✓
• Cap rate: 9.93%
• Cash-on-cash: 12.99%
• DSCR: 1.58
• GRM: 6.5

CMA / ARV

• ARV (median comp): $189,083
• List price: $109,900
• Delta: -41.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1150 S Pittsburgh St	0.11mi	4/1.5	2,009 (+2%)	11mo	$126,000	$63	81
214 W Cedar Ave	0.36mi	4/1.0	2,048 (+4%)	4mo	$215,000	$105	70
412 E Cedar	0.41mi	4/2.0	2,080 (+5%)	4mo	$59,500	$29	69
1211 S Arch St	0.17mi	5/2.5 (+1)	2,018 (+2%)	20mo	$139,000	$69	65
202 E Patterson Ave	0.28mi	3/1.5 (-1)	1,800 (-9%)	2mo	$166,500	$93	63
309 E Green St	0.47mi	3/1.0 (-1)	1,992 (+1%)	6mo	$110,000	$55	63
206 E Patterson Ave	0.29mi	4/1.5	1,920 (-3%)	23mo	$175,000	$91	61
114 E Painter St	0.26mi	3/2.0 (-1)	1,880 (-5%)	17mo	$205,000	$109	60
407 E Green St	0.48mi	3/1.0 (-1)	1,789 (-10%)	0mo	$149,900	$84	52
201 W Green St	0.44mi	4/1.5	2,232 (+13%)	4mo	$24,000	$11	52
411 S 9th St	0.71mi	3/2.0 (-1)	1,812 (-8%)	6mo	$172,000	$95	43
1202 W Green St	0.74mi	5/2.5 (+1)	2,080 (+5%)	19mo	$261,500	$126	34

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

Projected returns pro-forma

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

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-62
• Equity at exit: $16,386

10-year hold

• IRR: 9.7%
• Equity multiple: 1.75×
• Total profit: $22,979
• Equity at exit: $9,502

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 15425

• Home prices YoY: -15.9%
• Active inventory: 65
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,405 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$154 /mo · $1,854/yr
• Insurance: −$46
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $278

Break-even live

Break-even rent $1,053

Max offer price $109,900

Occupancy floor 75%

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: —

Listing history 24 events

1. 2026-06-18
   days on market $109,900 Active 265 DOM
2. 2026-06-17
   days on market $109,900 Active 264 DOM
3. 2026-06-16
   days on market $109,900 Active 263 DOM
4. 2026-06-15
   days on market $109,900 Active 262 DOM
5. 2026-06-13
   days on market $109,900 Active 260 DOM
6. 2026-06-12
   days on market $109,900 Active 259 DOM
7. 2026-06-09
   days on market $109,900 Active 256 DOM
8. 2026-06-09
   price $109,900 Active 255 DOM
9. 2026-06-08
   days on market $114,500 Active 255 DOM
10. 2026-06-08
    days on market $114,500 Active 254 DOM
11. 2026-06-07
    days on market $114,500 Active 253 DOM
12. 2026-06-04
    days on market $114,500 Active 250 DOM
13. 2026-06-02
    days on market $114,500 Active 249 DOM
14. 2026-06-01
    days on market $114,500 Active 248 DOM
15. 2026-05-31
    days on market $114,500 Active 247 DOM
16. 2026-04-07
    price $114,500 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

17. 2026-02-10
    price $117,500 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

18. 2025-12-26
    price $123,900 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

19. 2025-10-28
    price $133,900 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

20. 2025-10-03
    price $135,900 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

21. 2025-09-26
    listed $139,900 Active 1011-char remark

    Show marketing remark (1011 chars)

    Step back in time with this grand 3-story brick home, brimming with original 1930s character and endless potential. With its classic architecture, vintage details, and spacious layout, this is a rare opportunity to bring new life to a truly special property. From the moment you arrive, you'll notice the timeless curb appeal — original brickwork, charming lines, and a welcoming front porch that hints at the craftsmanship within. Inside, period features like built-ins, hardwood floors, original trim, and an ornate fireplace offer a rich foundation for restoration. The home offers a traditional floor plan with generous living and dining spaces, a sunlit kitchen waiting for your updates, and three levels of flexible living space—including a third floor with the potential to be a perfect for a guest suite, studio, or living space. The backyard offers room to create a private outdoor retreat. This property offers the chance to blend historic charm with modern touches, all in your own style.

22. 2002-05-02
    soldstatus $58,000
23. 2001-07-27
    soldstatus $27,000 160-char remark

    Show marketing remark (160 chars)

    LISTING OFS HOLDS HANDMONEY, PRE-APPROVE BUYER, AS IS COND, SPEC WARR DEED, SUBJ TO CORP APPROVAL, BUYER PAYS ALL TRANS TAXES SPEC ADDEND AGRMNT-POSS MONEYMAKER

24. 2001-03-18
    listed $36,900 160-char remark

    Show marketing remark (160 chars)

    LISTING OFS HOLDS HANDMONEY, PRE-APPROVE BUYER, AS IS COND, SPEC WARR DEED, SUBJ TO CORP APPROVAL, BUYER PAYS ALL TRANS TAXES SPEC ADDEND AGRMNT-POSS MONEYMAKER

ⓘ 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: $1,854 · $154/mo
• Projected year-2 tax: $1,854 · $154/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥92°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,857
• − Mortgage interest: −$6,156
• − Property taxes: −$1,854
• − Insurance: −$1,216
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$3,197
• Taxable income: $1,737
• Est. tax owed @ 24.0%: −$417
• After-tax cash flow: $2,914/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: Connellsville Area SD
• NCES district ID: 4206660
• Math proficiency: 23% ▼ -15.00%
• Reading proficiency: 39% ▼ -10.00%
• Median HH income: $39,315
• Composite: 25.95/100
• National rank: #7333
• State rank: #440 of 539 in PA

Livability — Connellsville

• Score: 72/100
• State rank: #602
• US rank: #5763

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Connellsville, PA
• Population (ZIP): 17,752

Population outlook (Fayette County) Hauer SSP2

• Today (2025): 127,561 people
• By 2030: 123,206 · -3.4%
• By 2040: 113,232 · -11.2%
• By 2050: 103,468 · -18.9%
• By 2075: 83,185 · -34.8%
• By 2100: 62,384 · -51.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Black 1%
• Common ancestry: Romanian 7% Iranian 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Fayette

• 2024 margin: Solid R (+37.9) · D 30.8% · R 68.7%
• 2008→2024 swing: -37.5pp toward R · 2008: -0.4pp · 2024: -37.9pp
• All cycles: 2024: R+37.9 2020: R+33.5 2016: R+31.0 2012: R+8.3 2008: R+0.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.63%
• Current HPI: 193.6086
• 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

+210.3% since first listed

9 events — show timeline

• 2026-04-07 Price Changed $114,500 West Penn MLS
• 2026-02-10 Price Changed $117,500 West Penn MLS
• 2025-12-26 Price Changed $123,900 West Penn MLS
• 2025-10-28 Price Changed $133,900 West Penn MLS
• 2025-10-03 Price Changed $135,900 West Penn MLS
• 2025-09-26 Listed $139,900 West Penn MLS
• 2002-05-02 Sold (Public Records) $58,000 Public Records
• 2001-07-27 Sold (MLS) $27,000 West Penn MLS
• 2001-03-18 Listed $36,900 West Penn MLS

Property tax history

+2.4%/yr

Latest (2026): $1,854 · +0.0% YoY. Source: county tax records.