423 E Dewart St · Shamokin, PA 17872

$132,500

5 bd · 1.0 ba · 1,421 sqft · Other · 130 Days on market

Built 1920 $93/sqft · 184% above area

---

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 +26.7/30.0
• DSCR +9.2/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Appreciation +6.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Welcome to 423 E Dewart St, a recently updated half-double in the heart of Shamokin. The main level features a spacious living and dining area with recessed lighting, leading into the kitchen with newer appliances, fresh paint, and updated flooring throughout much of the home. This property offers 5 bedrooms and 1 full bath, . The basement is clean and open with a private walk-out to street level. Outside, enjoy a rear patio and nicely sized yard. Recent updates have been completed, with room for additional improvements over time. Being sold in its current condition. Schedule your showing today.

Key facts

• Nicely sized yard
• Newer appliances
• Updated flooring

Tags

• NEWER APPLIANCES
• UPDATED FLOORING
• PRIVATE WALK-OUT
• REAR PATIO
• NICELY SIZED YARD

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath other listed at $132k.

Deal economics

• At list price, monthly cash flow is $360 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $132k).
• Recommended offer: $117k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#887 in PA) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D, commute F, employment F.
• Shamokin Area SD (town): math 19% / reading 40% proficiency, ranked #450 of 539 in PA (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 78 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 81 units permitted in Northumberland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($916 loan paydown + $3k appreciation (1.9% local appreciation)).
• Northumberland County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.9% appreciation + 3.0% rent growth), your $37k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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. 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: 1.13% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.66%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (median comp): $46,733
• List price: $132,500
• Delta: 183.53%
• Verdict: OVERPRICED
• Comps: 13 within 1.0 mi

Projected returns pro-forma

1.9% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.8%
• Equity multiple: 1.85×
• Total profit: $31,357
• Equity at exit: $51,573

10-year hold

• IRR: 18.3%
• Equity multiple: 3.41×
• Total profit: $89,231
• Equity at exit: $73,741

Cash invested: $37,100 (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 17872

• Home prices YoY: 1.6%
• Active inventory: 78
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$695
• Tax from tax record: −$75 /mo · $895/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $360

Break-even live

Break-even rent $1,044

Max offer price $132,500

Occupancy floor 71%

Sensitivity live

Price	-10% $435	-5% $398	+0% $360	+5% $323	+10% $285
Rent	-10% $242	-5% $301	+0% $360	+5% $420	+10% $479
Rate	-1.0pp $427	-0.5pp $394	base $360	+0.5pp $326	+1.0pp $291

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: $33,125
• Closing costs: $3,975
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
609 E Commerce St Shamokin, PA	4.0	1.5	1668	$1,500	$0.90	45d	1	0.11mi

Listing history 26 events

1. 2026-06-19
   days on market $132,500 Active 130 DOM
2. 2026-06-18
   days on market $132,500 Active 129 DOM
3. 2026-06-17
   days on market $132,500 Active 128 DOM
4. 2026-06-16
   days on market $132,500 Active 127 DOM
5. 2026-06-15
   days on market $132,500 Active 126 DOM
6. 2026-06-14
   days on market $132,500 Active 124 DOM
7. 2026-06-12
   days on market $132,500 Active 123 DOM
8. 2026-06-09
   days on market $132,500 Active 120 DOM
9. 2026-06-08
   days on market $132,500 Active 119 DOM
10. 2026-06-07
    days on market $132,500 Active 118 DOM
11. 2026-06-03
    days on market $132,500 Active 114 DOM
12. 2026-06-02
    days on market $132,500 Active 113 DOM
13. 2026-06-01
    days on market $132,500 Active 112 DOM
14. 2026-05-31
    days on market $132,500 Active 111 DOM
15. 2026-05-30
    days on market $132,500 Active 110 DOM
16. 2026-02-09
    listed $132,500 Active 602-char remark

    Show marketing remark (602 chars)

    Welcome to 423 E Dewart St, a recently updated half-double in the heart of Shamokin. The main level features a spacious living and dining area with recessed lighting, leading into the kitchen with newer appliances, fresh paint, and updated flooring throughout much of the home. This property offers 5 bedrooms and 1 full bath, . The basement is clean and open with a private walk-out to street level. Outside, enjoy a rear patio and nicely sized yard. Recent updates have been completed, with room for additional improvements over time. Being sold in its current condition. Schedule your showing today.

17. 2025-07-25
    soldstatus $127,900
18. 2025-07-21
    soldstatus $127,900 Closed 746-char remark

    Show marketing remark (746 chars)

    Welcome to 423 E Dewart St, a freshly updated half-double located in the heart of Shamokin. Step inside to discover a large living and dining area with recessed lighting which leads to the kitchen with brand new appliances, fresh paint throughout, and new flooring that gives the entire home a bright, clean feel. This home features 5 bedrooms and a full bath, 3 bedrooms in the second floor and 2 additional bedrooms in the 3rd floor. The basement is clean and open with a private walk-out out front to street level for the perfect man cave! Out back, you?ll find a cozy patio with a nice-sized yard ? a blank slate for a garden or your future entertaining oasis. This move-in ready property is waiting just for you! Schedule your showing today!

19. 2025-07-21
    soldstatus $127,900 Closed

    Show marketing remark (746 chars)

    Welcome to 423 E Dewart St, a freshly updated half-double located in the heart of Shamokin. Step inside to discover a large living and dining area with recessed lighting which leads to the kitchen with brand new appliances, fresh paint throughout, and new flooring that gives the entire home a bright, clean feel. This home features 5 bedrooms and a full bath, 3 bedrooms in the second floor and 2 additional bedrooms in the 3rd floor. The basement is clean and open with a private walk-out out front to street level for the perfect man cave! Out back, you?ll find a cozy patio with a nice-sized yard ? a blank slate for a garden or your future entertaining oasis. This move-in ready property is waiting just for you! Schedule your showing today!

20. 2025-06-23
    status Pending
21. 2025-06-17
    status Pending 746-char remark

    Show marketing remark (746 chars)

    Welcome to 423 E Dewart St, a freshly updated half-double located in the heart of Shamokin. Step inside to discover a large living and dining area with recessed lighting which leads to the kitchen with brand new appliances, fresh paint throughout, and new flooring that gives the entire home a bright, clean feel. This home features 5 bedrooms and a full bath, 3 bedrooms in the second floor and 2 additional bedrooms in the 3rd floor. The basement is clean and open with a private walk-out out front to street level for the perfect man cave! Out back, you?ll find a cozy patio with a nice-sized yard ? a blank slate for a garden or your future entertaining oasis. This move-in ready property is waiting just for you! Schedule your showing today!

22. 2025-06-04
    listed $127,900 Active
23. 2025-06-03
    listed $127,900 Active 746-char remark

    Show marketing remark (746 chars)

    Welcome to 423 E Dewart St, a freshly updated half-double located in the heart of Shamokin. Step inside to discover a large living and dining area with recessed lighting which leads to the kitchen with brand new appliances, fresh paint throughout, and new flooring that gives the entire home a bright, clean feel. This home features 5 bedrooms and a full bath, 3 bedrooms in the second floor and 2 additional bedrooms in the 3rd floor. The basement is clean and open with a private walk-out out front to street level for the perfect man cave! Out back, you?ll find a cozy patio with a nice-sized yard ? a blank slate for a garden or your future entertaining oasis. This move-in ready property is waiting just for you! Schedule your showing today!

24. 2024-05-20
    soldstatus $30,250 Closed
25. 2024-05-08
    status Pending
26. 2024-05-03
    listed $25,000 Active

ⓘ 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: $895 · $75/mo
• Projected year-2 tax: $1,494 · $125/mo
• Expected delta: +$599/yr (+$50/mo · 67.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 8 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,000
• − Mortgage interest: −$7,422
• − Property taxes: −$895
• − Insurance: −$662
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$3,855
• Taxable income: $2,286
• Est. tax owed @ 24.0%: −$549
• After-tax cash flow: $3,776/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: Shamokin Area SD
• NCES district ID: 4221240
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 40% ▼ -11.00%
• Median HH income: $35,380
• Composite: 24.31/100
• National rank: #7709
• State rank: #450 of 539 in PA

Livability — Shamokin

• Score: 68/100
• State rank: #887
• US rank: #9448

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shamokin, PA
• City population: 9,808
• Population (ZIP): 8,950

Population outlook (Northumberland County) Hauer SSP2

• Today (2025): 90,896 people
• By 2030: 89,084 · -2.0%
• By 2040: 84,822 · -6.7%
• By 2050: 80,521 · -11.4%
• By 2075: 72,152 · -20.6%
• By 2100: 62,257 · -31.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 10% Hispanic / Latino 8% Black 1%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 14% Iranian 6% Subsaharan African 1%
• Foreign-born: 1%
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Northumberland

• 2024 margin: Solid R (+39.9) · D 29.6% · R 69.5%
• 2008→2024 swing: -26.1pp toward R · 2008: -13.8pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+38.5 2016: R+43.6 2012: R+19.4 2008: R+13.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.90%
• Current HPI: 124.6288
• Rent YoY: —
• Metro: —
• 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

+430.0% since first listed

11 events — show timeline

• 2026-02-09 Listed $132,500 BRIGHT MLS
• 2025-07-25 Sold (Public Records) $127,900 Public Records
• 2025-07-21 Sold (MLS) $127,900 CSVBR
• 2025-07-21 Sold (MLS) $127,900 BRIGHT MLS
• 2025-06-23 Pending — CSVBR
• 2025-06-17 Pending — BRIGHT MLS
• 2025-06-04 Listed $127,900 CSVBR
• 2025-06-03 Listed $127,900 BRIGHT MLS
• 2024-05-20 Sold (MLS) $30,250 CSVBR
• 2024-05-08 Pending — CSVBR
• 2024-05-03 Listed $25,000 CSVBR

Property tax history

+6.7%/yr

Latest (2026): $895 · +59.6% YoY. Source: county tax records.