428 Kelker St · Harrisburg, PA 17102

$24,900

5 bd · 1.0 ba · 1,878 sqft · Townhouse public records · 94 Days on market

Built 1900 1,307 sqft lot $13/sqft · 90% below area

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Investor Package Opportunity: 428 Kelker Street (with Adjoined 426 Kelker Street & Adjacent Corner Lot at 424 Kelker Street), Harrisburg, PA 17102 Attention investors and rehabbers! This semi-detached brick twin home (sharing one common wall with 426 Kelker St) in vibrant Midtown Harrisburg presents significant value-add potential for experienced buyers. Built in 1900 with approximately 1,878 sq ft of living space (per public records; some sources note variations around 1,702–2,230 sq ft) on a compact 1,123 sq ft lot, the property at 428 Kelker St is currently condemned and placarded by the Harrisburg Bureau of Fire for demolition due to structural concerns and safety issues. It is offered strictly as-is and requires substantial rehabilitation to bring it up to code. The interior is cluttered with personal belongings and debris, making navigation challenging—buyers should exercise extreme caution during any showings, and access may be limited. Estimated repairs could total around $100,000 (or more, depending on scope and contractor bids, similar to the adjoined property). With the right plan, this could transform into a desirable rental or resale, with comparable renovated homes in the area suggesting an after-repair value (ARV) of approximately $190,000 to $200,000. Seller prefers to sell as a package including the subject property at 428 Kelker St (listed at $24,900), the adjoined property at 426 Kelker St (listed at $44,900), and the adjacent corner lot at 424 Kelker St (listed at $9,900), for a combined total of $79,700. This creates an attractive opportunity for investors to acquire a larger contiguous footprint—potentially for side-by-side rehabs, expanded development, added parking/yard value, or multi-unit potential—subject to city approvals and zoning. Prospective buyers are strongly encouraged to consult directly with the City of Harrisburg Codes Bureau regarding any potential for rehabilitation, condemnation removal, or demolition avoidance. A structural engineer's report or detailed rehab plan may be required. No representations are made about the city's approval process, timelines, or feasibility—due diligence is essential, including verification of all listings, parcel details, and current status. Priced aggressively for a quick sale. Cash or hard money financing recommended; conventional loans unlikely due to condition. Contact listing agent for details on safely accessing the properties or discussing the package. All information provided is deemed reliable but not guaranteed—verify independently. Sold as-is, where-is, with no warranties expressed or implied.

Key facts

• Built 1900
• Listed 94 days

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $25k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $25k).
• Recommended offer: $23k (9.0% below list) — sets the bar for market timing.
• Cap rate 69.6% vs local median 6.7% in Harrisburg — 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 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); 60 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 41% 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 $172 of loan paydown is wiped out by about $747 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.3% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($23k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $22,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 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. 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. 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?
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: 7.55% ✓
• Cap rate: 69.58%
• Cash-on-cash: 226.03%
• DSCR: 11.06
• GRM: 1.1

CMA / ARV

• ARV (median comp): $216,475
• List price: $24,900
• Delta: -88.50%
• 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
427 Muench St	0.08mi	5/1.0	1,612 (-14%)	2mo	$112,000	$69	71
1330 Susquehanna St	0.44mi	4/1.5 (-1)	1,872 (-0%)	1mo	$190,000	$101	71
215 Muench St	0.27mi	4/1.5 (-1)	1,776 (-5%)	3mo	$214,900	$121	69
518 Emerald St	0.51mi	5/1.5	1,946 (+4%)	4mo	$145,000	$75	64
1212 Susquehanna St	0.54mi	4/1.0 (-1)	1,980 (+5%)	3mo	$180,000	$91	59
2224 Green St	0.52mi	4/2.0 (-1)	1,824 (-3%)	4mo	$177,550	$97	58
542 Seneca St	0.63mi	5/1.5	1,722 (-8%)	2mo	$170,000	$99	53
544 Schuylkill St	0.75mi	5/1.0	2,018 (+8%)	1mo	$125,000	$62	52
2008 Green St	0.32mi	4/2.5 (-1)	2,124 (+13%)	1mo	$295,000	$139	51
540 Schuylkill St	0.75mi	5/1.0	2,046 (+9%)	1mo	$125,000	$61	50
233 Boas St	0.68mi	4/2.5 (-1)	1,975 (+5%)	2mo	$295,000	$149	47
2119 Green St	0.41mi	4/2.0 (-1)	1,600 (-15%)	2mo	$176,000	$110	46

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: —
• Equity multiple: 12.78×
• Total profit: $82,104
• Equity at exit: $3,713

10-year hold

• IRR: —
• Equity multiple: 28.21×
• Total profit: $189,721
• Equity at exit: $2,153

Cash invested: $6,972 (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: 60
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$131
• Tax est. 1.5%: −$31 /mo · $374/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $1,313

Break-even live

Break-even rent $218

Max offer price $24,900

Occupancy floor 25%

Sensitivity live

Price	-10% $1,330	-5% $1,322	+0% $1,313	+5% $1,305	+10% $1,296
Rent	-10% $1,165	-5% $1,239	+0% $1,313	+5% $1,387	+10% $1,462
Rate	-1.0pp $1,326	-0.5pp $1,320	base $1,313	+0.5pp $1,307	+1.0pp $1,300

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1716 N 6th St Harrisburg, PA	4.0	3.5	2400	$2,200	$0.92	44d	1	0.08mi
1716 N 6th St Unit NA Harrisburg, PA	4.0	4.0	2400	$2,000	$0.83	24d	1	0.08mi
1834 Green St Harrisburg, PA	4.0	1.0	1792	$1,495	$0.83	24d	1	0.28mi
2032 Susquehanna St Harrisburg, PA	4.0	1.5	1600	$1,595	$1.00	44d	1	0.35mi
2118 N 4th St Harrisburg, PA	4.0	1.0	1383	$1,595	$1.15	44d	1	0.38mi
1330 Susquehanna St Harrisburg, PA	4.0	1.5	2280	$1,895	$0.83	24d	1	0.41mi
2153 Penn St Harrisburg, PA	4.0	2.0	1620	$1,995	$1.23	44d	1	0.51mi
1202 Penn St Harrisburg, PA	4.0	1.0	1706	$1,495	$0.88	44d	1	0.55mi
652 Emerald St Harrisburg, PA	5.0	1.0	1550	$1,740	$1.12	44d	1	0.57mi
2406 Reel St Harrisburg, PA	4.0	1.0	1500	$1,395	$0.93	44d	1	0.67mi
514 Radnor St Harrisburg, PA	4.0	1.0	1498	$1,600	$1.07	44d	1	0.91mi
2715 N 6th St Harrisburg, PA	4.0	1.0	1620	$1,650	$1.02	15d	1	1.04mi
2728 N 6th St Harrisburg, PA	4.0	2.0	1786	$1,750	$0.98	15d	1	1.08mi
1207 Market St Harrisburg, PA	4.0	1.5	1423	$1,995	$1.40	44d	1	1.23mi
301 Chestnut St Harrisburg, PA	1.0–4.0	1.0–2.5	1437	$2,600	$1.81	44d	1	1.27mi
301 Chestnut St Harrisburg, PA	4.0	1.0–2.5	1437	$3,000	$2.09	15d	10	1.27mi
1708 State St Harrisburg, PA	5.0	1.5	2320	$1,745	$0.75	22d	1	1.27mi
111 N 17th St Harrisburg, PA	5.0	1.0	1800	$1,850	$1.03	15d	1	1.31mi
66 N 17th St Harrisburg, PA	5.0	2.0	1845	$2,195	$1.19	44d	1	1.36mi
29 S 15th St Harrisburg, PA	5.0	1.0	1285	$1,895	$1.47	24d	1	1.44mi
14 S 17th St Harrisburg, PA	5.0	2.0	2136	$1,695	$0.79	15d	1	1.48mi

Listing history 11 events

1. 2026-06-13
   statusdays on market $24,900 Pending 94 DOM
2. 2026-06-10
   days on market $24,900 Active 92 DOM
3. 2026-06-09
   days on market $24,900 Active 91 DOM
4. 2026-06-08
   days on market $24,900 Active 90 DOM
5. 2026-06-07
   days on market $24,900 Active 89 DOM
6. 2026-06-03
   days on market $24,900 Active 85 DOM
7. 2026-06-02
   days on market $24,900 Active 84 DOM
8. 2026-06-01
   days on market $24,900 Active 83 DOM
9. 2026-05-31
   days on market $24,900 Active 82 DOM
10. 2026-05-31
    days on market $24,900 Active 81 DOM
11. 2026-03-10
    listed $24,900 Active 2663-char remark

    Show marketing remark (2663 chars)

    Investor Package Opportunity: 428 Kelker Street (with Adjoined 426 Kelker Street & Adjacent Corner Lot at 424 Kelker Street), Harrisburg, PA 17102 Attention investors and rehabbers! This semi-detached brick twin home (sharing one common wall with 426 Kelker St) in vibrant Midtown Harrisburg presents significant value-add potential for experienced buyers. Built in 1900 with approximately 1,878 sq ft of living space (per public records; some sources note variations around 1,702–2,230 sq ft) on a compact 1,123 sq ft lot, the property at 428 Kelker St is currently condemned and placarded by the Harrisburg Bureau of Fire for demolition due to structural concerns and safety issues. It is offered strictly as-is and requires substantial rehabilitation to bring it up to code. The interior is cluttered with personal belongings and debris, making navigation challenging—buyers should exercise extreme caution during any showings, and access may be limited. Estimated repairs could total around $100,000 (or more, depending on scope and contractor bids, similar to the adjoined property). With the right plan, this could transform into a desirable rental or resale, with comparable renovated homes in the area suggesting an after-repair value (ARV) of approximately $190,000 to $200,000. Seller prefers to sell as a package including the subject property at 428 Kelker St (listed at $24,900), the adjoined property at 426 Kelker St (listed at $44,900), and the adjacent corner lot at 424 Kelker St (listed at $9,900), for a combined total of $79,700. This creates an attractive opportunity for investors to acquire a larger contiguous footprint—potentially for side-by-side rehabs, expanded development, added parking/yard value, or multi-unit potential—subject to city approvals and zoning. Prospective buyers are strongly encouraged to consult directly with the City of Harrisburg Codes Bureau regarding any potential for rehabilitation, condemnation removal, or demolition avoidance. A structural engineer's report or detailed rehab plan may be required. No representations are made about the city's approval process, timelines, or feasibility—due diligence is essential, including verification of all listings, parcel details, and current status. Priced aggressively for a quick sale. Cash or hard money financing recommended; conventional loans unlikely due to condition. Contact listing agent for details on safely accessing the properties or discussing the package. All information provided is deemed reliable but not guaranteed—verify independently. Sold as-is, where-is, with no warranties expressed or implied.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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: $22,561
• − Mortgage interest: −$1,395
• − Property taxes: −$374
• − Insurance: −$124
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$724
• Taxable income: $16,334
• Est. tax owed @ 24.0%: −$3,920
• After-tax cash flow: $11,838/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

1 event — show timeline

• 2026-03-10 Listed $24,900 BRIGHT MLS

Property tax history

+7.3%/yr

Latest (2026): $1,531 · +1.6% YoY. Source: county tax records.