Yeah, but ugly as Steamrollers are, they last for aeons and are reliable. Still, if it's not TOO rusty and the geometry is right I'd have it sanded and painted. I actually prefer bit smaller frame for city use, if this is a prob fit longer stem/bullhorn combo and a bent seatpost. Some semi-horizontal drop outs have spaces for small bolts to keep the hub in place, if the frame does not have 'em, get proper bolts