870 Baltimore St · Penn, PA 17331

$200,000

3 bd · 1.5 ba · 1,376 sqft · SingleFamily public records · 49 Days on market

Built 1910 0.32 ac lot $145/sqft · 13% below area Est $230k · 13% under

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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 +14.6/30.0
• ARV discount +13.4/15.0
• DSCR +4.4/10.0
• 1% rule +4.3/10.0
• Schools +4.2/10.0
• Rent growth +3.7/5.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unique Opportunity with Mixed-Use Zoning in Hanover! Welcome to 870 Baltimore St, a property full of potential and flexibility, situated on an oversized . 31-acre lot. Built in 1910, this home offers character, space, and a variety of possible uses thanks to its mixed-use zoning. The current layout includes 3 bedrooms and 2 bathrooms Whether you’re looking to reconfigure, renovate, or repurpose the space, the groundwork has already begun. Several major updates have been completed, including a brand new roof installed in February 2026 with a transferable warranty, an updated electrical panel in 2022, and replacement windows in 2023. These improvements provide a strong starting point for your vision while leaving room to bring the rest of the property up to your standards. Outside, the large lot offers ample space for parking, outdoor use, or potential business applications, and includes a 1-car garage for added convenience. This property is ideal for buyers looking for a project, an investment opportunity, or a mixed-use space with flexibility and upside. Bring your ideas and unlock the potential at 870 Baltimore St!

Key facts

• 0.32 acre lot
• Garage
• Built 1910

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $47 ($559/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 $186k (6.9% below list).
• Recommended offer: $186k (6.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#1,637 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, schools F, amenities F.
• South Western SD (suburban): math 37% / reading 56% proficiency, ranked #206 of 539 in PA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.7%/yr); 386 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,328 units permitted in York County in 2024 (338 in 5+ unit buildings).

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.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $30k; list at $200k implies a 556% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $186,163 (6.9% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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?
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: 0.93% ✗
• Cap rate: 6.57%
• Cash-on-cash: 1.00%
• DSCR: 1.04
• GRM: 9.0

CMA / ARV

• ARV (median comp): $230,117
• List price: $200,000
• Delta: -13.09%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
933 Centennial Ave	0.26mi	2/1.0 (-1)	1,333 (-3%)	1mo	$250,000	$188	75
310 Clover Ln	0.44mi	4/1.5 (+1)	1,421 (+3%)	1mo	$270,000	$190	68
832 Baltimore St	0.05mi	4/1.5 (+1)	1,536 (+12%)	7mo	$175,000	$114	67
430 Clover Ln	0.55mi	3/2.0	1,456 (+6%)	0mo	$240,000	$165	62
955 Maple Ln	0.35mi	2/2.0 (-1)	1,428 (+4%)	10mo	$246,000	$172	62
445 Ripple Dr #61	0.68mi	3/2.0	1,385 (+1%)	8mo	$384,218	$277	59
325 Clover Ln	0.43mi	2/2.0 (-1)	1,460 (+6%)	12mo	$264,900	$181	53
1241 Maple Ln #5	0.63mi	3/2.0	1,446 (+5%)	9mo	$378,605	$262	53
216 Charles Ave	0.70mi	3/1.0	1,484 (+8%)	6mo	$190,000	$128	48
435 Ripple Dr #60	0.67mi	3/2.0	1,295 (-6%)	12mo	$362,234	$280	47
51 W Granger St	0.60mi	2/1.0 (-1)	1,443 (+5%)	12mo	$198,000	$137	47
120 Charles Ave	0.68mi	2/1.5 (-1)	1,575 (+14%)	2mo	$232,000	$147	37

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 · 4.67% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.53×
• Total profit: $-26,208
• Equity at exit: $29,821

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-5,281
• Equity at exit: $17,292

Cash invested: $56,000 (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 17331

• Home prices YoY: -33.8%
• Rents YoY: 4.7%
• Active inventory: 386
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,862 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$292 /mo · $3,503/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $47

Break-even live

Break-even rent $1,803

Max offer price $200,000

Occupancy floor 92%

Sensitivity live

Price	-10% $160	-5% $103	+0% $47	+5% $-10	+10% $-67
Rent	-10% $-100	-5% $-27	+0% $47	+5% $120	+10% $194
Rate	-1.0pp $147	-0.5pp $97	base $47	+0.5pp $-5	+1.0pp $-58

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 Mustang Dr Hanover, PA	3.0	2.5	1625	$1,843	$1.13	44d	1	0.23mi
20 Mustang Dr Hanover, PA	4.0	2.5	1625	$1,931	$1.19	44d	1	0.25mi
40 Mustang Dr Hanover, PA	4.0	2.5	1625	$1,843	$1.13	44d	1	0.25mi
88 Brookside Ave Hanover, PA	3.0	2.5	1625	$1,963	$1.21	21d	1	0.61mi
88 Brookside Ave Hanover, PA	3.0	2.5	1625	$1,906	$1.17	44d	1	0.61mi
76 Brookside Ave Hanover, PA	3.0	2.5	1625	$1,906	$1.17	44d	1	0.62mi
76 Brookside Ave Hanover, PA	3.0	2.5	1625	$1,963	$1.21	21d	1	0.62mi
101 Pacer Dr Unit M Hanover, PA	3.0	2.5	1252	$1,751	$1.40	44d	1	0.71mi
101 Pacer Dr Unit K Hanover, PA	3.0	2.5	1252	$1,846	$1.47	44d	1	0.71mi
101 Pacer Dr Unit L Hanover, PA	3.0	2.5	1252	$1,901	$1.52	14d	1	0.71mi
34 Overlook Dr Hanover, PA	3.0	2.5	1749	$2,000	$1.14	14d	1	0.76mi
51 Overlook Dr Unit F Hanover, PA	3.0	2.5	1820	$1,983	$1.09	44d	1	0.81mi
51 Overlook Dr Unit J Hanover, PA	3.0	2.5	1820	$2,120	$1.16	44d	1	0.81mi

Listing history 17 events

1. 2026-06-18
   days on market $200,000 Active 49 DOM
2. 2026-06-17
   days on market $200,000 Active 48 DOM
3. 2026-06-16
   days on market $200,000 Active 47 DOM
4. 2026-06-15
   days on market $200,000 Active 46 DOM
5. 2026-06-14
   days on market $200,000 Active 44 DOM
6. 2026-06-13
   days on market $200,000 Active 43 DOM
7. 2026-06-10
   days on market $200,000 Active 41 DOM
8. 2026-06-09
   days on market $200,000 Active 40 DOM
9. 2026-06-08
   days on market $200,000 Active 39 DOM
10. 2026-06-07
    days on market $200,000 Active 38 DOM
11. 2026-06-02
    days on market $200,000 Active 33 DOM
12. 2026-06-01
    days on market $200,000 Active 32 DOM
13. 2026-05-31
    days on market $200,000 Active 31 DOM
14. 2026-05-30
    days on market $200,000 Active 30 DOM
15. 2026-05-01
    listed $200,000 Active 1139-char remark

    Show marketing remark (1139 chars)

    Unique Opportunity with Mixed-Use Zoning in Hanover! Welcome to 870 Baltimore St, a property full of potential and flexibility, situated on an oversized . 31-acre lot. Built in 1910, this home offers character, space, and a variety of possible uses thanks to its mixed-use zoning. The current layout includes 3 bedrooms and 2 bathrooms Whether you’re looking to reconfigure, renovate, or repurpose the space, the groundwork has already begun. Several major updates have been completed, including a brand new roof installed in February 2026 with a transferable warranty, an updated electrical panel in 2022, and replacement windows in 2023. These improvements provide a strong starting point for your vision while leaving room to bring the rest of the property up to your standards. Outside, the large lot offers ample space for parking, outdoor use, or potential business applications, and includes a 1-car garage for added convenience. This property is ideal for buyers looking for a project, an investment opportunity, or a mixed-use space with flexibility and upside. Bring your ideas and unlock the potential at 870 Baltimore St!

16. 2026-04-11
    historical $200,000 1139-char remark

    Show marketing remark (1139 chars)

    Unique Opportunity with Mixed-Use Zoning in Hanover! Welcome to 870 Baltimore St, a property full of potential and flexibility, situated on an oversized . 31-acre lot. Built in 1910, this home offers character, space, and a variety of possible uses thanks to its mixed-use zoning. The current layout includes 3 bedrooms and 2 bathrooms Whether you’re looking to reconfigure, renovate, or repurpose the space, the groundwork has already begun. Several major updates have been completed, including a brand new roof installed in February 2026 with a transferable warranty, an updated electrical panel in 2022, and replacement windows in 2023. These improvements provide a strong starting point for your vision while leaving room to bring the rest of the property up to your standards. Outside, the large lot offers ample space for parking, outdoor use, or potential business applications, and includes a 1-car garage for added convenience. This property is ideal for buyers looking for a project, an investment opportunity, or a mixed-use space with flexibility and upside. Bring your ideas and unlock the potential at 870 Baltimore St!

17. 1987-01-01
    soldstatus $30,500

ⓘ 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: $3,503 · $292/mo
• Projected year-2 tax: $3,503 · $292/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $22,340
• − Mortgage interest: −$11,203
• − Property taxes: −$3,503
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,787
• − Management: −$1,787
• − Depreciation: −$5,818
• Taxable loss: −$2,760
• Est. tax savings @ 24.0%: +$662
• After-tax cash flow: $1,221/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: South Western SD
• NCES district ID: 4222470
• Math proficiency: 37% ▼ -16.00%
• Reading proficiency: 56% ▼ -11.00%
• Median HH income: $67,689
• Composite: 41.5/100
• National rank: #3456
• State rank: #206 of 539 in PA

Livability — Penn

• Score: 56/100
• State rank: #1637
• US rank: #22584

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, PA
• County: York County · 278,806 people
• Metro: York-Hanover, PA
• Population (ZIP): 56,443
• Household income: $79,488
• Rent vs Own: 23.6% rent · 76.4% own
• Severe rent burden: 1076.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 7% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -128.48%
• Current HPI: 251.8974
• Rent YoY: ▲ 4.67%
• Metro: York-Hanover, 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

+555.7% since first listed

3 events — show timeline

• 2026-05-01 Listed $200,000 BRIGHT MLS
• 2026-04-11 Coming Soon $200,000 BRIGHT MLS
• 1987-01-01 Sold (Public Records) $30,500 Public Records

Property tax history

+2.6%/yr

Latest (2025): $3,503 · +0.0% YoY. Source: county tax records.