918 26th St · Altoona, PA 16601

$114,900

5 bd · 1.0 ba · 1,864 sqft · SingleFamily · 32 Days on market

Built 1909 Poor condition 2,613 sqft lot Est $147k · 22% 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 +29.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1900s charm restored. Pocket Doors, Pantry, Large Rooms, Beautiful Entry and Woodwork (Tile Floor). Freshly Painted, New Windows, Furnace 2011, Central Air-New. Roof 8 years old. Main Bath completely new -tub, sink/vanity, toilet. Laundry 1st floor. 2nd floor has additional space for office-going to 3rd floor. * Bonus room above garage.

Key facts

• Fantastic views
• Central air and heat
• Gas fireplace

Tags

• CORNER LOT
• FANTASTIC VIEWS
• WOODWORK THROUGHOUT
• GAS FIREPLACE
• CENTRAL AIR AND HEAT
• CONVENIENT LAUNDRY ROOM

Property features AI

Exterior

• Parking: 1-car garage
• Utilities: Public water
• Home design: Single-family home; Two stories; Residential property; Located in Wehnwood subdivision; Corner lot location (corner of 26th & Oak)
• Construction: Stone and vinyl siding construction
• Exterior features: Front porch; Shingle roof

Interior

• Kitchen: Dishwasher
• Bedrooms: Bedrooms on multiple levels
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Ceiling fan cooling
• Interior features: Dishwasher; Carpet flooring; Gas-started fireplace

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $115k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $415 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $111k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 5.8% in Altoona — 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 79/100 on livability (#237 in PA, #2,060 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Altoona Area SD (urban): math 30% / reading 44% proficiency, ranked #406 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 186 active listings in the ZIP; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($58k/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 $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Blair County population projected at -18% 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 $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago; this cycle's ask has dropped $12k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $115k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
7. 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.
8. 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: 1.33% ✓
• Cap rate: 10.63%
• Cash-on-cash: 15.47%
• DSCR: 1.69
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $147,256
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2812 W Chestnut Ave	0.24mi	4/1.0 (-1)	1,746 (-6%)	13mo	$134,500	$77	62
3027 Broad Ave	0.46mi	4/2.5 (-1)	1,839 (-1%)	7mo	$80,000	$44	60
2013 7th Ave	0.59mi	4/1.0 (-1)	1,959 (+5%)	8mo	$70,000	$36	52
2204 5th Ave	0.59mi	4/1.5 (-1)	1,869 (+0%)	19mo	$23,500	$13	50
2522 Dysart Ave	0.57mi	4/1.5 (-1)	2,052 (+10%)	5mo	$174,900	$85	46
2120 5th Ave	0.60mi	4/1.0 (-1)	1,795 (-4%)	20mo	$55,000	$31	44
2018 15th Ave	0.60mi	4/1.5 (-1)	1,674 (-10%)	6mo	$135,000	$81	43
3116 Broad Ave	0.54mi	4/1.5 (-1)	1,762 (-6%)	19mo	$155,000	$88	43
2824 4th Ave	0.63mi	4/1.5 (-1)	1,918 (+3%)	21mo	$155,000	$81	42
2031 15th Ave	0.56mi	4/1.5 (-1)	1,692 (-9%)	16mo	$155,000	$92	38
2015 5th Ave	0.67mi	4/1.0 (-1)	1,652 (-11%)	16mo	$130,000	$79	31

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: 6.2%
• Equity multiple: 1.24×
• Total profit: $7,828
• Equity at exit: $17,132

10-year hold

• IRR: 15.6%
• Equity multiple: 2.27×
• Total profit: $40,935
• Equity at exit: $9,934

Cash invested: $32,172 (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 16601

• Home prices YoY: -24.9%
• Active inventory: 186
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,530 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,724/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $415

Break-even live

Break-even rent $1,005

Max offer price $114,900

Occupancy floor 68%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $114,900 Active 32 DOM
2. 2026-06-18
   days on market $114,900 Active 31 DOM
3. 2026-06-17
   days on market $114,900 Active 30 DOM
4. 2026-06-16
   days on market $114,900 Active 29 DOM
5. 2026-06-15
   days on market $114,900 Active 28 DOM
6. 2026-06-14
   days on market $114,900 Active 26 DOM
7. 2026-06-13
   days on market $114,900 Active 25 DOM
8. 2026-06-10
   pricedays on market $114,900 Active 23 DOM
9. 2026-06-09
   days on market $119,900 Active 22 DOM
10. 2026-06-08
    days on market $119,900 Active 21 DOM
11. 2026-06-07
    days on market $119,900 Active 20 DOM
12. 2026-06-05
    days on market $119,900 Active 17 DOM
13. 2026-06-03
    days on market $119,900 Active 16 DOM
14. 2026-06-02
    days on market $119,900 Active 15 DOM
15. 2026-06-01
    days on market $119,900 Active 14 DOM
16. 2026-05-31
    days on market $119,900 Active 13 DOM
17. 2026-05-30
    pricedays on market $119,900 Active 12 DOM
18. 2026-05-17
    listed $126,900 Active
19. 2014-06-17
    soldstatus $69,900 338-char remark

    Show marketing remark (338 chars)

    1900s charm restored. Pocket Doors, Pantry, Large Rooms, Beautiful Entry and Woodwork (Tile Floor). Freshly Painted, New Windows, Furnace 2011, Central Air-New. Roof 8 years old. Main Bath completely new -tub, sink/vanity, toilet. Laundry 1st floor. 2nd floor has additional space for office-going to 3rd floor. * Bonus room above garage.

20. 2014-04-29
    listed $69,900 338-char remark

    Show marketing remark (338 chars)

    1900s charm restored. Pocket Doors, Pantry, Large Rooms, Beautiful Entry and Woodwork (Tile Floor). Freshly Painted, New Windows, Furnace 2011, Central Air-New. Roof 8 years old. Main Bath completely new -tub, sink/vanity, toilet. Laundry 1st floor. 2nd floor has additional space for office-going to 3rd floor. * Bonus room above garage.

ⓘ 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 4/10 Moderate 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,363
• − Mortgage interest: −$6,436
• − Property taxes: −$1,724
• − Insurance: −$574
• − Repairs & maintenance: −$1,469
• − Management: −$1,469
• − Depreciation: −$3,343
• Taxable income: $3,348
• Est. tax owed @ 24.0%: −$804
• After-tax cash flow: $4,175/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This home requires extensive repairs and updates to bring it up to a livable condition. The property is in poor condition and needs significant work to increase its value.

Repairs flagged

• Major Kitchen cabinets — Damaged and graffiti-covered
• Major Bathroom flooring — Worn-out and outdated
• Major Exterior siding — Weathered and damaged
• Major Deck — Damaged and in poor condition
• Major HVAC system — Older and in need of replacement

Value-add opportunities

• Resale Painting and cleaning — Fresh paint and cleaning can improve the home's appearance
• Resale New flooring in kitchen and bathroom — New flooring can significantly improve the home's appeal and functionality
• Resale Rebuilding and repairing the deck — A new deck can add value and improve the home's curb appeal
• Resale Upgrading HVAC system — A new HVAC system can improve comfort and energy efficiency
• Both Landscaping and curb appeal improvements — A well-maintained yard and curb appeal can attract more buyers and renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Damaged and graffiti-covered	Major	$15,000–50,000
Bathroom flooring · Worn-out and outdated	Major	$15,000–50,000
Exterior siding · Weathered and damaged	Major	$15,000–50,000
Deck · Damaged and in poor condition	Major	$15,000–50,000
HVAC system · Older and in need of replacement	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Resale Painting and cleaning — Fresh paint and cleaning can improve the home's appearance ↑
• Resale New flooring in kitchen and bathroom — New flooring can significantly improve the home's appeal and functionality ↑
• Resale Rebuilding and repairing the deck — A new deck can add value and improve the home's curb appeal ↑
• Resale Upgrading HVAC system — A new HVAC system can improve comfort and energy efficiency ↑
• Both Landscaping and curb appeal improvements — A well-maintained yard and curb appeal can attract more buyers and renters ↑

ⓘ 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: Altoona Area SD
• NCES district ID: 4202340
• Math proficiency: 30% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $38,465
• Composite: 30.85/100
• National rank: #6130
• State rank: #406 of 539 in PA

Livability — Altoona

• Score: 79/100
• State rank: #237
• US rank: #2060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altoona, PA
• County: Blair County · 59,867 people
• City population: 59,867
• Metro: Altoona, PA
• Population (ZIP): 33,515
• Household income: $58,070
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 715.0

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.97%
• Current HPI: 183.9907
• Rent YoY: —
• Metro: Altoona, 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

+81.5% since first listed

3 events — show timeline

• 2026-05-17 Listed $126,900 AHARMLS
• 2014-06-17 Sold (MLS) $69,900 AHARMLS
• 2014-04-29 Listed $69,900 AHARMLS