330 Shaw St · New Castle, PA 16101

$83,500

4 bd · 2.0 ba · 1,901 sqft · Other public records · 284 Days on market

Built 1875 4,486 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
• Rent growth +5.0/5.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

Key facts

• 4,486 sq ft lot
• 2 parking spots
• Built 1875

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $84k.

Deal economics

• At list price, monthly cash flow is $653 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $84k).
• Recommended offer: $73k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.7% vs local median 8.7% in New Castle — 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 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+20.1%/yr); 118 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($51k/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 $577 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $23k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 284 days — a 12% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago; this cycle's ask has dropped $12k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $84k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1875 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $73,480 (12.0% below list)

Questions for the listing agent

1. It's been on market 284 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 1875 — 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. 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.
6. 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.
7. 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: 1.87% ✓
• Cap rate: 15.68%
• Cash-on-cash: 33.51%
• DSCR: 2.49
• GRM: 4.5

CMA / ARV

• ARV (median comp): $32,821
• List price: $83,500
• Delta: 154.41%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 34.4%
• Equity multiple: 2.55×
• Total profit: $36,336
• Equity at exit: $12,450

10-year hold

• IRR: 43.8%
• Equity multiple: 6.25×
• Total profit: $122,858
• Equity at exit: $7,220

Cash invested: $23,380 (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 16101

• Home prices YoY: -26.3%
• Rents YoY: 20.1%
• Active inventory: 118
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,562 medium
• Mortgage (P&I): −$438
• Tax from tax record: −$108 /mo · $1,296/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $653

Break-even live

Break-even rent $735

Max offer price $83,500

Occupancy floor 53%

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: $20,875
• Closing costs: $2,505
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	43d	1	1.09mi
1605 S Jefferson St New Castle, PA	3.0	1.0	1500	$1,500	$1.00	43d	1	1.48mi

Listing history 35 events

1. 2026-06-19
   days on market $83,500 Active 284 DOM
2. 2026-06-18
   days on market $83,500 Active 283 DOM
3. 2026-06-17
   days on market $83,500 Active 282 DOM
4. 2026-06-16
   days on market $83,500 Active 281 DOM
5. 2026-06-15
   days on market $83,500 Active 280 DOM
6. 2026-06-14
   days on market $83,500 Active 278 DOM
7. 2026-06-12
   days on market $83,500 Active 277 DOM
8. 2026-06-09
   days on market $83,500 Active 274 DOM
9. 2026-06-08
   days on market $83,500 Active 273 DOM
10. 2026-06-07
    days on market $83,500 Active 272 DOM
11. 2026-06-03
    days on market $83,500 Active 268 DOM
12. 2026-06-02
    days on market $83,500 Active 267 DOM
13. 2026-06-01
    days on market $83,500 Active 266 DOM
14. 2026-05-31
    days on market $83,500 Active 265 DOM
15. 2026-05-30
    days on market $83,500 Active 264 DOM
16. 2025-11-05
    price $83,500 260-char remark

    Show marketing remark (260 chars)

    Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

17. 2025-10-30
    status Active 260-char remark

    Show marketing remark (260 chars)

    Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

18. 2025-10-16
    historical Contingent 260-char remark

    Show marketing remark (260 chars)

    Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

19. 2025-09-08
    listed $95,000 Active 260-char remark

    Show marketing remark (260 chars)

    Fully Occupied Duplex – Turn-Key Investment! This property offers two well-maintained units with steady rental income, making it an ideal addition to any portfolio. Both units are currently fully occupied, providing immediate cash flow for the new owner.

20. 2023-03-30
    soldstatus $55,000
21. 2023-03-24
    soldstatus $55,000 Closed 644-char remark

    Show marketing remark (644 chars)

    SELLER SELLING IN "AS IS" CONDITION. 1ST FLOOR READY FOR OCCUPANCY. 2ND FLOOR NEEDS SOME WORK DRIVEWAY AND GARAGE BELONG TO NEXT DOOR NEIGHBOR. FENCED AREA GREAT FOR PET STREET PARKING VINYL SIDED SOME NEWER WINDOWS BLOCK WINDOWS IN BASEMENT SOME DAMPNESS IN BASEMENT SOME WATER IN LOW SPOT IN BASEMENT fIRST FLOOR HAS USE OF BASEMENT WHICH HAS BOTH INSIDE AND OUTSIDE ENTRANCE 2ND FLOOR HAS ATTIC FOR STORAGE. CENTRAL AIR ON FIRST FLOOR ALL UTILITIES SEPARATE EXCEPT FOR GAS. GAS FURNACE IS NEWER. 2 SEPARATE HOT WATER TANKS APPLIANCES ON 1ST FLOOR INCLUDED. EACH UNIT HAS 2 BEDROOMS, KITCHEN, LIVINGROOM AND BATHROOM

22. 2023-02-24
    historical Contingent 644-char remark

    Show marketing remark (644 chars)

    SELLER SELLING IN "AS IS" CONDITION. 1ST FLOOR READY FOR OCCUPANCY. 2ND FLOOR NEEDS SOME WORK DRIVEWAY AND GARAGE BELONG TO NEXT DOOR NEIGHBOR. FENCED AREA GREAT FOR PET STREET PARKING VINYL SIDED SOME NEWER WINDOWS BLOCK WINDOWS IN BASEMENT SOME DAMPNESS IN BASEMENT SOME WATER IN LOW SPOT IN BASEMENT fIRST FLOOR HAS USE OF BASEMENT WHICH HAS BOTH INSIDE AND OUTSIDE ENTRANCE 2ND FLOOR HAS ATTIC FOR STORAGE. CENTRAL AIR ON FIRST FLOOR ALL UTILITIES SEPARATE EXCEPT FOR GAS. GAS FURNACE IS NEWER. 2 SEPARATE HOT WATER TANKS APPLIANCES ON 1ST FLOOR INCLUDED. EACH UNIT HAS 2 BEDROOMS, KITCHEN, LIVINGROOM AND BATHROOM

23. 2023-01-26
    listed $64,900 Active 644-char remark

    Show marketing remark (644 chars)

    SELLER SELLING IN "AS IS" CONDITION. 1ST FLOOR READY FOR OCCUPANCY. 2ND FLOOR NEEDS SOME WORK DRIVEWAY AND GARAGE BELONG TO NEXT DOOR NEIGHBOR. FENCED AREA GREAT FOR PET STREET PARKING VINYL SIDED SOME NEWER WINDOWS BLOCK WINDOWS IN BASEMENT SOME DAMPNESS IN BASEMENT SOME WATER IN LOW SPOT IN BASEMENT fIRST FLOOR HAS USE OF BASEMENT WHICH HAS BOTH INSIDE AND OUTSIDE ENTRANCE 2ND FLOOR HAS ATTIC FOR STORAGE. CENTRAL AIR ON FIRST FLOOR ALL UTILITIES SEPARATE EXCEPT FOR GAS. GAS FURNACE IS NEWER. 2 SEPARATE HOT WATER TANKS APPLIANCES ON 1ST FLOOR INCLUDED. EACH UNIT HAS 2 BEDROOMS, KITCHEN, LIVINGROOM AND BATHROOM

24. 2022-10-31
    soldstatus $40,000 Closed
25. 2022-10-31
    soldstatus $40,000
26. 2022-09-26
    status Pending
27. 2022-09-06
    status Active
28. 2022-07-06
    status Pending
29. 2022-07-06
    status Active
30. 2022-07-06
    historical
31. 2022-06-29
    status Active
32. 2022-06-25
    status Pending
33. 2022-06-13
    listed $64,900 Active
34. 1999-06-04
    soldstatus $25,000
35. 1998-01-05
    soldstatus $25,000

ⓘ 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: $1,296 · $108/mo
• Projected year-2 tax: $1,308 · $109/mo
• Expected delta: +$12/yr (+$1/mo · 0.9%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,739
• − Mortgage interest: −$4,677
• − Property taxes: −$1,296
• − Insurance: −$418
• − Repairs & maintenance: −$1,499
• − Management: −$1,499
• − Depreciation: −$2,429
• Taxable income: $6,921
• Est. tax owed @ 24.0%: −$1,661
• After-tax cash flow: $6,175/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• County: Lawrence County · 30,767 people
• City population: 30,767
• Metro: New Castle, PA
• Population (ZIP): 30,767
• Household income: $51,128
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1047.0

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 7% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Serbian 3% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.77%
• Current HPI: 159.3091
• Rent YoY: ▲ 20.05%
• Metro: New Castle, 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

+234.0% since first listed

20 events — show timeline

• 2025-11-05 Price Changed $83,500 West Penn MLS
• 2025-10-30 Relisted — West Penn MLS
• 2025-10-16 Contingent — West Penn MLS
• 2025-09-08 Listed $95,000 West Penn MLS
• 2023-03-30 Sold (Public Records) $55,000 Public Records
• 2023-03-24 Sold (MLS) $55,000 West Penn MLS
• 2023-02-24 Contingent — West Penn MLS
• 2023-01-26 Listed $64,900 West Penn MLS
• 2022-10-31 Sold (Public Records) $40,000 Public Records
• 2022-10-31 Sold (MLS) $40,000 West Penn MLS
• 2022-09-26 Pending — West Penn MLS
• 2022-09-06 Relisted — West Penn MLS
• 2022-07-06 Pending — West Penn MLS
• 2022-07-06 Relisted — West Penn MLS
• 2022-07-06 Delisted — West Penn MLS
• 2022-06-29 Relisted — West Penn MLS
• 2022-06-25 Pending — West Penn MLS
• 2022-06-13 Listed $64,900 West Penn MLS
• 1999-06-04 Sold (Public Records) $25,000 Public Records
• 1998-01-05 Sold (Public Records) $25,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $1,296 · +70.0% YoY. Source: county tax records.