934 W Pine St · Allentown, PA 18102

$195,000

3 bd · 1.0 ba · 1,057 sqft · SingleFamily public records · 93 Days on market

Built 1888 570 sqft lot $184/sqft · 36% above area Est $143k · 36% over

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Why this score? — see what drove the D 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 +20.0/30.0
• DSCR +6.3/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath row home in Allentown is perfect for an owner-occupant or investor looking to place a tenant quickly. A great opportunity to customize or generate rental income right away. This property is also part of a portfolio of 9 single-family homes available for sale, offering added investment potential. Tenant is leased through 4/2027.

Key facts

• Built 1888
• Listed 93 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (5.7% below list).
• Recommended offer: $177k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 5.3% in Allentown — 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 81/100 on livability (#171 in PA, #1,440 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, employment D.
• Allentown City SD (urban): math 10% / reading 20% proficiency, ranked #513 of 539 in PA (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• At $1,839/mo this rent would consume 51% of the median local household income ($43k/yr) (locally 4313% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lehigh County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $121k; list at $195k implies a 61% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1888 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1888 — 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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.94% ✗
• Cap rate: 7.76%
• Cash-on-cash: 5.25%
• DSCR: 1.23
• GRM: 8.8

CMA / ARV

• ARV (median comp): $143,118
• List price: $195,000
• Delta: 36.25%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.48% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.78×
• Total profit: $-11,749
• Equity at exit: $29,075

10-year hold

• IRR: 6.5%
• Equity multiple: 1.54×
• Total profit: $29,426
• Equity at exit: $16,860

Cash invested: $54,600 (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 18102

• Rents YoY: 5.5%
• Active inventory: 167
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,839 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$110 /mo · $1,323/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $239

Break-even live

Break-even rent $1,537

Max offer price $195,000

Occupancy floor 82%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
944 W Gordon St Allentown, PA	3.0	1.5	1146	$1,750	$1.53	23d	1	0.04mi
229 Peach St Allentown, PA	3.0	2.0	882	$1,800	$2.04	14d	1	0.18mi
511 N Lumber St Allentown, PA	4.0	1.0	756	$2,200	$2.91	14d	1	0.20mi
209 N Eighth St Apt 2 Allentown, PA	3.0	1.0	1430	$1,550	$1.08	43d	1	0.23mi
440 N Hall St Unit 2 Allentown, PA	2.0	1.0	989	$1,400	$1.42	43d	1	0.24mi
832 Chestnut St Allentown, PA	3.0	1.0	1124	$2,100	$1.87	23d	1	0.25mi
829 Linden St Apt 1 Rear Allentown, PA	2.0	2.0	1200	$1,495	$1.25	23d	1	0.27mi
827 Linden St Unit 829-1 Allentown, PA	2.0	2.0	1200	$1,495	$1.25	21d	1	0.28mi
347 N 7th St Apt 3 Allentown, PA	3.0	1.0	1200	$1,500	$1.25	43d	1	0.29mi
1039 E St Unit Linden St unit Apt Allentown, PA	2.0	1.0	1200	$1,500	$1.25	23d	1	0.30mi
144 N 7th St Allentown, PA	2.0	1.0	850	$1,595	$1.88	23d	1	0.32mi
45 N 11th St Unit 3 Allentown, PA	2.0	1.0	900	$1,250	$1.39	2d	1	0.32mi
1036 Linden St #2 Allentown, PA	2.0	1.0	1200	$1,600	$1.33	2d	1	0.32mi
25 N 10th St Allentown, PA	2.0	1.0	717	$1,475	$2.06	43d	1	0.32mi
635 N Lumber St Allentown, PA	3.0	1.5	1117	$1,750	$1.57	2d	1	0.33mi
622 W Chew St Unit 2 Allentown, PA	3.0	1.0	1161	$1,600	$1.38	18d	1	0.34mi
915 Tilghman St Apt 4 Allentown, PA	3.0	1.0	1250	$1,750	$1.40	23d	1	0.35mi
835 Hamilton St Unit 509 Allentown, PA	2.0	2.0	1052	$2,399	$2.28	18d	1	0.35mi
626 Oak St Allentown, PA	3.0	1.0	1396	$1,900	$1.36	43d	1	0.36mi
835 Hamilton St Unit 409 Allentown, PA	2.0	2.0	1052	$2,374	$2.26	18d	1	0.36mi
835 Hamilton St Unit 608 Allentown, PA	2.0	2.0	1411	$2,725	$1.93	14d	1	0.36mi
835 Hamilton St Unit 424 Allentown, PA	2.0	2.0	1411	$2,625	$1.86	14d	1	0.36mi
1210 W Turner St Unit 2 Allentown, PA	2.0	2.0	1500	$2,150	$1.43	23d	1	0.36mi
1210 W Turner St Unit 1 Allentown, PA	2.0	2.0	1200	$2,050	$1.71	23d	1	0.36mi
1210 W Turner St Unit 1 Allentown, PA	2.0	2.0	1200	$1,800	$1.50	2d	1	0.36mi
1210 W Turner St Unit 2 Allentown, PA	2.0	2.0	1500	$1,900	$1.27	2d	1	0.36mi
1210 W Turner St Unit 1 Allentown, PA	2.0	2.0	1200	$2,300	$1.92	43d	1	0.36mi
1210 W Turner St Unit 2 Allentown, PA	2.0	2.0	1500	$2,400	$1.60	43d	1	0.36mi
621 W Turner St Apt 14 Allentown, PA	3.0	1.0	800	$1,395	$1.74	23d	1	0.37mi
1106 Tilghman St Unit 1st floor Allentown, PA	2.0	1.0	1000	$1,250	$1.25	43d	1	0.37mi
107 N 7th St Allentown, PA	2.0	1.0–2.0	855	$2,972	$3.47	2d	23	0.38mi
1145 Linden St Apt 2 Allentown, PA	3.0	1.0	971	$1,525	$1.57	23d	1	0.38mi
218 N 6th St Apt 3 Allentown, PA	3.0	1.0	750	$1,600	$2.13	23d	1	0.39mi
27 N 7th St Allentown, PA	2.0	1.0–2.0	840	$2,222	$2.64	2d	11	0.40mi
932 W Hamilton St Allentown, PA	2.0	1.0–2.0	862	$2,350	$2.73	2d	15	0.40mi
528 N 6th St Allentown, PA	3.0	1.0	967	$1,700	$1.76	14d	1	0.41mi
1010 W Hamilton St Allentown, PA	1.0–2.0	1.0–2.0	943	$2,022	$2.14	2d	6	0.42mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	14d	1	0.44mi
814 Washington St #2 Allentown, PA	4.0	1.0	1200	$1,600	$1.33	2d	1	0.46mi
26 N 6th St Allentown, PA	1.0–2.0	1.0–2.0	953	$2,224	$2.33	2d	9	0.47mi

Listing history 37 events

1. 2026-06-18
   days on market $195,000 Active 93 DOM
2. 2026-06-17
   days on market $195,000 Active 92 DOM
3. 2026-06-16
   days on market $195,000 Active 91 DOM
4. 2026-06-15
   days on market $195,000 Active 90 DOM
5. 2026-06-14
   days on market $195,000 Active 88 DOM
6. 2026-06-10
   days on market $195,000 Active 85 DOM
7. 2026-06-09
   days on market $195,000 Active 84 DOM
8. 2026-06-08
   days on market $195,000 Active 83 DOM
9. 2026-06-07
   days on market $195,000 Active 82 DOM
10. 2026-06-03
    days on market $195,000 Active 78 DOM
11. 2026-06-02
    days on market $195,000 Active 77 DOM
12. 2026-06-01
    days on market $195,000 Active 76 DOM
13. 2026-05-31
    days on market $195,000 Active 75 DOM
14. 2026-05-31
    days on market $195,000 Active 74 DOM
15. 2026-04-05
    historical $1,495
16. 2026-03-17
    listed $195,000 Active 352-char remark

    Show marketing remark (352 chars)

    This 3-bedroom, 1-bath row home in Allentown is perfect for an owner-occupant or investor looking to place a tenant quickly. A great opportunity to customize or generate rental income right away. This property is also part of a portfolio of 9 single-family homes available for sale, offering added investment potential. Tenant is leased through 4/2027.

17. 2026-03-05
    listed $1,495
18. 2024-05-06
    historical $1,295
19. 2024-04-25
    price $1,295
20. 2024-04-17
    price $1,395
21. 2024-01-04
    listed $1,425
22. 2022-07-12
    soldstatus $121,000
23. 2022-07-11
    soldstatus $121,000 Sold 287-char remark

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

24. 2022-07-11
    soldstatus $121,000 Sold

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

25. 2022-05-28
    status Pending

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

26. 2022-05-28
    status Pending 287-char remark

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

27. 2022-05-11
    listed $130,000 Active 287-char remark

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

28. 2022-05-11
    listed $130,000 Active

    Show marketing remark (287 chars)

    This well kept SFH is now available. Very clean interior . Currently leased to good tenants who would love to stay. Vinyl plank floors throughout the first floor, hardwood on the second, and carpet on the third. Schedule your showing and make this home yours or add it to your portfolio.

29. 2021-05-03
    soldstatus $75,000
30. 2021-04-30
    soldstatus $75,000 Sold
31. 2021-02-18
    status Pending
32. 2021-02-09
    listed $69,900 Active
33. 2007-03-09
    soldstatus $50,000
34. 2007-01-18
    soldstatus $50,000
35. 2006-06-19
    listed $49,900
36. 2006-01-31
    historical
37. 2005-09-21
    listed $64,900

ⓘ 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: $1,323 · $110/mo
• Projected year-2 tax: $2,202 · $184/mo
• Expected delta: +$879/yr (+$73/mo · 66.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,068
• − Mortgage interest: −$10,923
• − Property taxes: −$1,323
• − Insurance: −$975
• − Repairs & maintenance: −$1,765
• − Management: −$1,765
• − Depreciation: −$5,673
• Taxable loss: −$357
• Est. tax savings @ 24.0%: +$86
• After-tax cash flow: $2,950/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: Allentown City SD
• NCES district ID: 4202280
• Math proficiency: 10% ▼ -10.00%
• Reading proficiency: 20% ▼ -15.00%
• Median HH income: $36,337
• Composite: 12.43/100
• National rank: #9630
• State rank: #513 of 539 in PA

Livability — Allentown

• Score: 81/100
• State rank: #171
• US rank: #1440

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Allentown, PA
• County: Lehigh County · 333,019 people
• City population: 172,996
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 51,001
• Household income: $43,085
• Rent vs Own: 67.9% rent · 32.1% own
• Severe rent burden: 4313.0

Population outlook (Lehigh County) Hauer SSP2

• Today (2025): 392,957 people
• By 2030: 408,319 · +3.9%
• By 2040: 440,007 · +12.0%
• By 2050: 475,940 · +21.1%
• By 2075: 590,448 · +50.3%
• By 2100: 690,314 · +75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (69%)
• Race & ethnicity: Hispanic / Latino 69% Two or more races 28% White 18% Black 10%
• Hispanic origin (detail): Mexican 3% Puerto Rican 38% Dominican 22%
• Common ancestry: Polish 1% Romanian 1% Hispanic 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 45% English-only · Spanish 52% Arabic 2%

Political lean MEDSL · Lehigh

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.2%
• 2008→2024 swing: -12.9pp toward R · 2008: 15.6pp · 2024: 2.7pp
• All cycles: 2024: D+2.7 2020: D+7.6 2016: D+4.4 2012: D+7.5 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -227.01%
• Current HPI: 404.834
• Rent YoY: ▲ 5.48%
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• 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

-97.7% since first listed

23 events — show timeline

• 2026-04-05 Rental Removed $1,495 APPFOLIO
• 2026-03-17 Listed $195,000 GLVRMLS
• 2026-03-05 Listed for Rent $1,495 APPFOLIO
• 2024-05-06 Rental Removed $1,295 GLVRMLS
• 2024-04-25 Price Changed $1,295 GLVRMLS
• 2024-04-17 Price Changed $1,395 GLVRMLS
• 2024-01-04 Listed for Rent $1,425 GLVRMLS
• 2022-07-12 Sold (Public Records) $121,000 Public Records
• 2022-07-11 Sold (MLS) $121,000 GLVRMLS
• 2022-07-11 Sold (MLS) $121,000 GLVRMLS
• 2022-05-28 Pending — GLVRMLS
• 2022-05-28 Pending — GLVRMLS
• 2022-05-11 Listed $130,000 GLVRMLS
• 2022-05-11 Listed $130,000 GLVRMLS
• 2021-05-03 Sold (Public Records) $75,000 Public Records
• 2021-04-30 Sold (MLS) $75,000 GLVRMLS
• 2021-02-18 Pending — GLVRMLS
• 2021-02-09 Listed $69,900 GLVRMLS
• 2007-03-09 Sold (MLS) $50,000 GLVRMLS
• 2007-01-18 Sold (Public Records) $50,000 Public Records
• 2006-06-19 Listed $49,900 GLVRMLS
• 2006-01-31 Listing Removed — GLVRMLS
• 2005-09-21 Listed $64,900 GLVRMLS

Property tax history

-2.1%/yr

Latest (2026): $1,323 · +0.7% YoY. Source: county tax records.