1434 N 4th St · Harrisburg, PA 17102

$147,500

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 102 Days on market

Built 1900 871 sqft lot $140/sqft · 16% below area Est $175k · 16% under

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Why this score? — see what drove the C- 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 +17.6/30.0
• ARV discount +14.7/15.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

Key facts

• Updated kitchen
• Fenced backyard
• Basement laundry

Tags

• FENCED BACKYARD
• BASEMENT LAUNDRY
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $60 ($721/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 $144k (2.7% below list).
• Recommended offer: $134k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#107 in PA, #826 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, employment D, crime F.
• Harrisburg City SD (urban): math 6% / reading 13% proficiency, ranked #535 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.3%/yr); 58 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).
• This rent runs 32% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago; this cycle's ask has dropped $12k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $148k implies a 570% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $134,225 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.97% ✗
• Cap rate: 7.23%
• Cash-on-cash: 3.36%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (median comp): $175,422
• List price: $147,500
• Delta: -15.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
227 Muench St	0.43mi	2/1.0 (-1)	1,082 (+2%)	18mo	$181,000	$167	56

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 · 4.29% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.56×
• Total profit: $-18,131
• Equity at exit: $21,993

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-2,684
• Equity at exit: $12,753

Cash invested: $41,300 (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 17102

• Home prices YoY: -3.9%
• Rents YoY: 4.3%
• Active inventory: 58
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,436 high
• Mortgage (P&I): −$774
• Tax from tax record: −$184 /mo · $2,205/yr
• Insurance: −$61
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $60

Break-even live

Break-even rent $1,360

Max offer price $147,500

Occupancy floor 91%

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
352 Harris St Harrisburg, PA	2.0	1.0	810	$1,350	$1.67	21d	1	0.12mi
1320 Penn St Harrisburg, PA	2.0	1.0	1193	$1,495	$1.25	44d	1	0.22mi
1211 Green St Apt 2 Harrisburg, PA	2.0	1.0	850	$1,095	$1.29	23d	1	0.24mi
273 Cumberland St Harrisburg, PA	2.0	1.0	865	$1,595	$1.84	14d	1	0.24mi
1116 N 3rd St Unit 3 Harrisburg, PA	2.0	1.0	1100	$1,375	$1.25	23d	1	0.25mi
1122 Green St #14 Harrisburg, PA	2.0	1.0	918	$1,895	$2.06	44d	1	0.28mi
660 Boas St Harrisburg, PA	2.0	1.0–2.0	800	$1,574	$1.97	14d	21	0.31mi
1700 N 2nd St Apt 28 Harrisburg, PA	2.0	1.0	720	$1,095	$1.52	44d	1	0.33mi
1700 N 2nd St Apt 6 Harrisburg, PA	2.0	1.0	725	$1,145	$1.58	14d	1	0.33mi
918 Grand St Harrisburg, PA	3.0	1.5	890	$1,450	$1.63	44d	1	0.36mi
923 N 3rd St Unit 1 Harrisburg, PA	2.0	1.0	853	$1,495	$1.75	23d	1	0.36mi
919 Grand St Harrisburg, PA	2.0	1.5	1116	$1,695	$1.52	23d	1	0.36mi
1841 N 4th St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	23d	1	0.38mi
1841 N 3rd St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	14d	1	0.39mi
1008 N 2nd St Unit 2 Harrisburg, PA	2.0	1.0	1410	$1,295	$0.92	44d	1	0.39mi
1839 Green St Harrisburg, PA	1.0–2.0	1.0	815	$1,595	$1.96	14d	1	0.39mi
640 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,650	$1.28	44d	1	0.40mi
644 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,295	$1.00	44d	1	0.40mi
919 Penn St Harrisburg, PA	3.0	2.0	1458	$1,795	$1.23	23d	1	0.40mi
1821 N 2nd St Unit 2 Harrisburg, PA	2.0	1.0	1000	$1,299	$1.30	14d	1	0.41mi
1909 N 4th St Harrisburg, PA	2.0	1.0	1000	$1,240	$1.24	44d	1	0.42mi
920 N 2nd St Unit 1 Harrisburg, PA	2.0	1.0	900	$1,475	$1.64	14d	1	0.43mi
269 Peffer St Harrisburg, PA	2.0	1.0	1000	$1,195	$1.20	44d	1	0.49mi
719 N 2nd St Apt 6 Harrisburg, PA	2.0	1.0	1000	$1,150	$1.15	14d	1	0.51mi
711 N 2nd St Apt 2 Harrisburg, PA	2.0	1.0	1400	$1,595	$1.14	44d	1	0.52mi
2042 N 4th St Harrisburg, PA	3.0	1.0	1090	$1,400	$1.28	44d	1	0.55mi
618 N 2nd St Harrisburg, PA	2.0	1.0	1000	$1,050	$1.05	23d	1	0.57mi
612 N 2nd St Apt 2 Harrisburg, PA	2.0	1.0	1050	$1,445	$1.38	44d	1	0.57mi
612 N 2nd St Apt 3 Harrisburg, PA	2.0	1.0	1100	$1,545	$1.40	44d	1	0.57mi
122 State St Apt 2 Harrisburg, PA	2.0	1.0	1250	$1,725	$1.38	14d	1	0.62mi
2118 N 4th St Harrisburg, PA	4.0	1.0	1383	$1,595	$1.15	44d	1	0.64mi
116 Pine St Harrisburg, PA	1.0–2.0	1.0–2.0	900	$1,638	$1.82	14d	14	0.73mi
2210 N 3rd St Unit 4 Harrisburg, PA	2.0	1.0	1330	$1,395	$1.05	14d	1	0.76mi
2235 Logan St Harrisburg, PA	3.0	1.0	1406	$1,495	$1.06	44d	1	0.77mi
210 Walnut St Unit 206 Harrisburg, PA	2.0	1.0	1007	$1,695	$1.68	14d	1	0.80mi
339 Emerald St Harrisburg, PA	3.0	1.5	1420	$1,650	$1.16	14d	1	0.81mi
2312 Orange St Harrisburg, PA	2.0	1.0	754	$1,230	$1.63	44d	1	0.86mi
2301 N 2nd St Harrisburg, PA	2.0	1.5	1325	$1,595	$1.20	44d	1	0.88mi
319 Market St Harrisburg, PA	2.0	1.5	990	$1,135	$1.15	44d	1	0.88mi
2406 Reel St Harrisburg, PA	4.0	1.0	1500	$1,395	$0.93	44d	1	0.95mi

Listing history 23 events

1. 2026-06-18
   days on market $147,500 Active 102 DOM
2. 2026-06-17
   days on market $147,500 Active 101 DOM
3. 2026-06-16
   days on market $147,500 Active 100 DOM
4. 2026-06-15
   statusdays on market $147,500 Active 99 DOM
5. 2026-05-18
   status Pending 481-char remark

   Show marketing remark (481 chars)

   Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

6. 2026-04-13
   price $147,500 481-char remark

   Show marketing remark (481 chars)

   Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

7. 2026-03-10
   price $149,900 481-char remark

   Show marketing remark (481 chars)

   Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

8. 2026-02-28
   price $155,500 481-char remark

   Show marketing remark (481 chars)

   Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

9. 2026-02-09
   listed $159,900 Active 481-char remark

   Show marketing remark (481 chars)

   Location, location, location! Enjoy walkable access to Midtown’s most popular dining, shopping, and entertainment! This 3-bedroom, 1-bath single-family home offers strong upside in the heart of Midtown. Features include central air, a fenced backyard, basement laundry, and an updated kitchen with stainless steel appliances. Livable as-is and priced to sell, with room to add value through cosmetic updates. Ideal for investors and buyers alike! * Check out the 3D Tour! *

10. 2016-06-10
    soldstatus $22,000 171-char remark

    Show marketing remark (171 chars)

    Great location! 1 block to HACC Midtown Campus. 2 Story end unit row. 3 bedrooms and 1 bath. Will make a perfect investment. Being sold-as is condition. Requires some TLC.

11. 2016-05-27
    historical 171-char remark

    Show marketing remark (171 chars)

    Great location! 1 block to HACC Midtown Campus. 2 Story end unit row. 3 bedrooms and 1 bath. Will make a perfect investment. Being sold-as is condition. Requires some TLC.

12. 2016-05-23
    listed $19,900 171-char remark

    Show marketing remark (171 chars)

    Great location! 1 block to HACC Midtown Campus. 2 Story end unit row. 3 bedrooms and 1 bath. Will make a perfect investment. Being sold-as is condition. Requires some TLC.

13. 2009-08-04
    soldstatus $34,000
14. 2009-08-03
    soldstatus $11,500
15. 2009-07-06
    historical
16. 2009-06-01
    historical
17. 2009-05-28
    listed $37,777
18. 2009-05-27
    listed $37,777
19. 2004-06-02
    soldstatus $25,300
20. 2004-02-09
    historical
21. 2004-02-09
    listed $26,600
22. 2001-02-21
    soldstatus $47,000
23. 1996-07-31
    soldstatus $8,000

ⓘ 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: $2,205 · $184/mo
• Projected year-2 tax: $2,268 · $189/mo
• Expected delta: +$63/yr (+$5/mo · 2.9%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,230
• − Mortgage interest: −$8,262
• − Property taxes: −$2,205
• − Insurance: −$1,404
• − Repairs & maintenance: −$1,378
• − Management: −$1,378
• − Depreciation: −$4,291
• Taxable loss: −$1,689
• Est. tax savings @ 24.0%: +$405
• After-tax cash flow: $1,126/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: Harrisburg City SD
• NCES district ID: 4211580
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $33,432
• Composite: 7.6/100
• National rank: #9945
• State rank: #535 of 539 in PA

Livability — Harrisburg

• Score: 84/100
• State rank: #107
• US rank: #826

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harrisburg, PA
• County: Dauphin County · 247,857 people
• City population: 184,296
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 8,118
• Household income: $54,573
• Rent vs Own: 68.5% rent · 31.5% own
• Severe rent burden: 720.0

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 54% Black 25% Hispanic / Latino 14% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Dominican 2%
• Common ancestry: Romanian 5% Italian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam, South Korea
• Languages at home: 86% English-only · Spanish 9% Arabic 1% Other Asian/Pacific 1%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.43%
• Current HPI: 451.4739
• Rent YoY: ▲ 4.29%
• Metro: Harrisburg-Carlisle, 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

+1743.8% since first listed

19 events — show timeline

• 2026-05-18 Pending — BRIGHT MLS
• 2026-04-13 Price Changed $147,500 BRIGHT MLS
• 2026-03-10 Price Changed $149,900 BRIGHT MLS
• 2026-02-28 Price Changed $155,500 BRIGHT MLS
• 2026-02-09 Listed $159,900 BRIGHT MLS
• 2016-06-10 Sold (MLS) $22,000 BRIGHT MLS
• 2016-05-27 Listing Removed — BRIGHT MLS
• 2016-05-23 Listed $19,900 BRIGHT MLS
• 2009-08-04 Sold (MLS) $34,000 BRIGHT MLS
• 2009-08-03 Sold (MLS) $11,500 BRIGHT MLS
• 2009-07-06 Listing Removed — BRIGHT MLS
• 2009-06-01 Listing Removed — BRIGHT MLS
• 2009-05-28 Listed $37,777 BRIGHT MLS
• 2009-05-27 Listed $37,777 BRIGHT MLS
• 2004-06-02 Sold (MLS) $25,300 BRIGHT MLS
• 2004-02-09 Listed $26,600 BRIGHT MLS
• 2004-02-09 Listing Removed — BRIGHT MLS
• 2001-02-21 Sold (Public Records) $47,000 Public Records
• 1996-07-31 Sold (Public Records) $8,000 Public Records

Property tax history

+1.0%/yr

Latest (2026): $2,205 · +1.6% YoY. Source: county tax records.