For 1169 Milford St, you’re looking at a **large duplex** with two 2‑bedroom units (4 beds total used as 6 per metadata) in a very affordable Johnstown submarket. Typical 2–3 BR rents in Johnstown run roughly **$800–$1,000** per unit depending on finish and utilities, putting realistic **gross rent around $1.4K–$1.75K/month** for both sides combined. That’s **~$17K–$21K/year** in potential revenue. Given a value in the low‑40Ks, you’re talking about an extremely short simple payback, in the **2–3 year range** on gross income before expenses. The neighborhood is in a stable, working‑class pocket where rents have been gradually rising and demand is warm but not overheated, which generally supports decent occupancy and cash‑flow‑focused plays rather than appreciation‑driven exits. Property features like **high ceilings, original wood trim, pocket doors, and a full attic** help it stand out versus basic rentals and can justify the upper end of the rent range once cleaned up. The main challenges are likely condition, dated systems, and the absence of parking data or modern amenities, which can cap rent if not addressed. Still, at this price point, even conservative rents leave strong room for cash flow and attractive returns.

To squeeze the most out of this duplex, I’d prioritize **clean, durable finishes** (vinyl plank, fresh paint, modern lighting), solid mechanicals, and in‑unit laundry if feasible. Those basics, plus highlighting the character features, should support **$700–$875 per side** in this part of Johnstown. If you can separately meter utilities or implement a RUBS system, that’s extra upside on net income. If the current owner is considering selling, I’d recommend getting both units rent‑ready, stabilizing at market rents, and documenting income with simple leases and a rent roll. In Johnstown, a small bump in rent and cleaner financials can move this from a distressed‑priced asset to an **income‑property comp** that appeals to out‑of‑area investors chasing cap rate. Even light upgrades and proof of collections can make a noticeable difference in exit price and days on market.