1035 W Turner St · Allentown, PA 18102

$199,000

4 bd · 1.0 ba · 1,822 sqft · SingleFamily public records · 7 Days on market

Built 1890 2,188 sqft lot Est $302k · 34% 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.6/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Brimming with classic appeal, this historic Allentown property offers the perfect blend of charm and modern updates with the opportunity for its new owner to add their own finishing touches. Featuring 3 bedrooms and 1.5 baths, the property also boasts a massive attic just waiting to be transformed into a 4th bedroom, home office, or media room. Enjoy a recently refreshed kitchen, a brand-new high-efficiency Bosch heating system, and replacement windows already purchased and waiting for installation. Step outside to a private backyard and a rare city luxury—a 3-car parking pad. Whether you're an investor looking for a high-reward project or a handy buyer ready to customize your dream s

Key facts

• Historic home
• Classic wood floors
• 2 parking spots

Tags

• HISTORIC HOME
• ORIGINAL WOOD MOULDINGS
• CLASSIC WOOD FLOORS
• PARTIALLY RENOVATED KITCHEN
• FUNCTIONAL LAUNDRY AND MUDROOM
• LARGE UNFINISHED SPACE

Property features AI

Finance

• Financial info: Listed for $199,000

Exterior

• Home design: Single family residential; Built in 1890
• Exterior features: Lot approximately 2,187 square feet

Interior

• Bedrooms: Three bedrooms
• Bathrooms: One full bathroom and one half bathroom
• Interior features: Comfortable living space totaling 1,822 square feet

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $291 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Cap rate 8.0% 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 $2,109/mo this rent would consume 59% 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $199,000

Questions for the listing agent

1. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.27%
• DSCR: 1.28
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $302,452
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
940 Hamilton St #942	0.26mi	3/2.0 (-1)	1,686 (-8%)	13mo	$280,000	$166	56
422 N 11th St	0.24mi	4/2.5	1,563 (-14%)	18mo	$270,000	$173	44
27 N West St	0.68mi	5/2.0 (+1)	2,004 (+10%)	3mo	$355,000	$177	41
220 Millbridge	0.49mi	3/1.0 (-1)	1,971 (+8%)	24mo	$63,000	$32	39
1337 W Hickory St	0.49mi	4/1.0	1,552 (-15%)	23mo	$185,900	$120	33

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 · 5.48% rent growth · sell at horizon

5-year hold

• IRR: -3.9%
• Equity multiple: 0.85×
• Total profit: $-8,282
• Equity at exit: $29,672

10-year hold

• IRR: 8.5%
• Equity multiple: 1.72×
• Total profit: $40,075
• Equity at exit: $17,206

Cash invested: $55,720 (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: 7.9×

Monthly cashflow live

• Estimated rent: $2,109 high
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $291

Break-even live

Break-even rent $1,741

Max offer price $199,000

Occupancy floor 81%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
948 W Maple St Allentown, PA	4.0	1.0	1932	$2,300	$1.19	44d	1	0.30mi
828 W Gordon St Allentown, PA	4.0	2.5	1628	$2,250	$1.38	2d	1	0.33mi
1341 Chew St Allentown, PA	5.0	1.5	2139	$2,500	$1.17	21d	1	0.34mi
36 S Jefferson St Allentown, PA	5.0	1.5	2128	$2,500	$1.17	14d	1	0.35mi
209 N Eighth St Apt 2 Allentown, PA	3.0	1.0	1430	$1,550	$1.08	44d	1	0.35mi
1332 W Gordon St Allentown, PA	3.0	2.0	1236	$1,050	$0.85	44d	1	0.36mi
144 S 12th St Allentown, PA	4.0	2.0	1242	$2,000	$1.61	2d	1	0.42mi
1338 W Liberty St Allentown, PA	4.0	1.0	1526	$2,000	$1.31	14d	1	0.43mi
1348 W Liberty St Allentown, PA	5.0	1.0	1561	$1,900	$1.22	23d	1	0.44mi
626 N 11th St Allentown, PA	4.0	1.5	1642	$2,200	$1.34	2d	1	0.45mi
41 S Franklin St Allentown, PA	5.0	2.0	1897	$2,500	$1.32	14d	1	0.50mi
626 Oak St Allentown, PA	3.0	1.0	1396	$1,900	$1.36	44d	1	0.50mi
138 S 14th St Allentown, PA	5.0	1.0	2300	$2,300	$1.00	14d	1	0.54mi
915 Tilghman St Apt 4 Allentown, PA	3.0	1.0	1250	$1,750	$1.40	23d	1	0.54mi
1538 Chew St Allentown, PA	5.0	1.0	1874	$2,800	$1.49	19d	1	0.56mi
216 S 14th St Allentown, PA	4.0	1.5	1640	$2,300	$1.40	2d	1	0.57mi
631 W Allen St Allentown, PA	5.0	1.5	1695	$2,100	$1.24	44d	1	0.62mi
528 N 6th St Allentown, PA	3.0	1.0	1934	$1,800	$0.93	44d	1	0.64mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	14d	1	0.65mi
622 Park St Allentown, PA	5.0	1.5	1638	$2,300	$1.40	2d	1	0.65mi
823 W Washington St Allentown, PA	4.0	1.0	1400	$1,950	$1.39	14d	1	0.68mi
1455 W Tilghman St Allentown, PA	4.0	1.5	1520	$1,850	$1.22	44d	1	0.68mi
738 W Cedar St Allentown, PA	5.0	1.5	1900	$2,500	$1.32	44d	1	0.76mi
535 Tilghman St Unit 2ND Allentown, PA	4.0	2.0	1500	$1,750	$1.17	2d	1	0.77mi
856 N 8th St Allentown, PA	5.0	1.5	1499	$1,975	$1.32	19d	1	0.78mi
407 N 4th St Allentown, PA	3.0	1.5	1321	$1,550	$1.17	23d	1	0.83mi
389 W Turner St Allentown, PA	4.0	1.5	2144	$2,400	$1.12	2d	1	0.85mi
517 Elliger St Allentown, PA	3.0	1.5	1235	$1,700	$1.38	23d	1	0.89mi
395 W Allen St Allentown, PA	3.0	1.0	1344	$1,800	$1.34	23d	1	0.90mi
913 N 6th St Allentown, PA	4.0	1.0	1476	$1,698	$1.15	14d	1	0.94mi
644 Lehigh St Allentown, PA	3.0	1.0	1714	$2,250	$1.31	44d	1	0.96mi
551 Sumner Ct Allentown, PA	3.0	1.0	1270	$1,700	$1.34	2d	1	0.99mi
854 N Penn St Allentown, PA	3.0	1.5	1502	$1,850	$1.23	14d	1	0.99mi
213 Chew St Allentown, PA	5.0	1.0	1725	$2,100	$1.22	44d	1	1.08mi
314 Barber St Lot 35 Allentown, PA	3.0	2.5	1525	$2,450	$1.61	19d	1	1.10mi
406 N 2nd St Allentown, PA	3.0	2.0	2400	$1,700	$0.71	44d	1	1.12mi
1304 N 4th St Allentown, PA	5.0	2.0	1891	$2,900	$1.53	44d	1	1.19mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,600	$1.15	2d	1	1.20mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,700	$1.22	23d	1	1.20mi
111 Ridge Ave Allentown, PA	4.0	1.0	1658	$1,650	$1.00	44d	1	1.23mi

Listing history 11 events

1. 2026-06-17
   days on market $199,000 Active 7 DOM
2. 2026-06-16
   days on market $199,000 Active 6 DOM
3. 2026-06-15
   days on market $199,000 Active 5 DOM
4. 2026-06-14
   statusdays on market $199,000 Active 3 DOM
5. 2026-06-10
   days on marketlisting id $199,000 Coming Soon 1 DOM
6. 2026-06-09
   days on market $199,000 Coming Soon 8 DOM
7. 2026-06-08
   days on market $199,000 Coming Soon 7 DOM
8. 2026-06-07
   days on market $199,000 Coming Soon 6 DOM
9. 2026-06-03
   days on market $199,000 Coming Soon 2 DOM
10. 2026-06-02
    remarks 693-char remark
11. 2026-06-02
    listed $199,000 Coming Soon 1 DOM

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

Taxation est. · year 1

• Rental income: $25,311
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$2,025
• − Management: −$2,025
• − Depreciation: −$5,789
• Taxable income: $345
• Est. tax owed @ 24.0%: −$83
• After-tax cash flow: $3,410/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