60 N 18th St · Harrisburg, PA 17103

$150,000

5 bd · 1.0 ba · 2,340 sqft · SingleFamily public records · 121 Days on market

Built 1908 1,307 sqft lot $64/sqft · 41% 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 +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Rent growth +4.8/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment property located in the heart of Harrisburg. Featuring 4 bedrooms and 1.5 baths, this home has been nicely updated. If you are an investor looking for a great rental property or a home buyer looking for a comfortable and convenient home, 60 N 18th Street is a great choice. Currently tenant occupied with a year lease.

Key facts

• Updated
• Heart of harrisburg
• Investment property

Tags

• INVESTMENT PROPERTY
• HEART OF HARRISBURG
• UPDATED

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $525 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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 (+9.1%/yr); 68 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).
• At $1,907/mo this rent would consume 57% of the median local household income ($40k/yr) (locally 1014% 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 $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 15y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $150k implies a 500% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1908 — 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 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 1908 — 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. 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: 1.27% ✓
• Cap rate: 10.50%
• Cash-on-cash: 15.01%
• DSCR: 1.67
• GRM: 6.6

CMA / ARV

• ARV (median comp): $90,228
• List price: $150,000
• Delta: 66.25%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2116 Chestnut St	0.46mi	5/1.5	2,369 (+1%)	14mo	$305,000	$129	63
56 Taylor Blvd	0.32mi	4/2.5 (-1)	2,352 (+0%)	13mo	$273,000	$116	62
450 S 17th St	0.63mi	5/2.0	2,595 (+11%)	3mo	$100,000	$39	46
1923 Whitehall St	0.18mi	4/1.5 (-1)	2,002 (-14%)	19mo	$200,000	$100	45
1839 Herr St	0.49mi	4/2.0 (-1)	2,041 (-13%)	16mo	$202,000	$99	34
336 S 14th St	0.59mi	5/2.0	2,003 (-14%)	15mo	$60,850	$30	32

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.9%
• Equity multiple: 1.46×
• Total profit: $19,222
• Equity at exit: $22,365

10-year hold

• IRR: 23.6%
• Equity multiple: 3.52×
• Total profit: $105,661
• Equity at exit: $12,969

Cash invested: $42,000 (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 17103

• Rents YoY: 9.1%
• Active inventory: 68
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,907 high
• Mortgage (P&I): −$787
• Tax from tax record: −$132 /mo · $1,583/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $525

Break-even live

Break-even rent $1,242

Max offer price $150,000

Occupancy floor 67%

Sensitivity live

Price	-10% $610	-5% $568	+0% $525	+5% $483	+10% $440
Rent	-10% $375	-5% $450	+0% $525	+5% $601	+10% $676
Rate	-1.0pp $601	-0.5pp $563	base $525	+0.5pp $486	+1.0pp $447

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
66 N 17th St Harrisburg, PA	5.0	2.0	1845	$2,195	$1.19	44d	1	0.10mi
14 S 17th St Harrisburg, PA	5.0	2.0	2136	$1,695	$0.79	15d	1	0.16mi
111 N 17th St Harrisburg, PA	5.0	1.0	1800	$1,850	$1.03	15d	1	0.17mi
1708 State St Harrisburg, PA	5.0	1.5	2320	$1,745	$0.75	22d	1	0.24mi
1610 Hunter St Harrisburg, PA	4.0	1.0	1776	$1,450	$0.82	24d	1	0.55mi
227 Hummel St Harrisburg, PA	5.0	2.0	2696	$1,600	$0.59	44d	1	0.56mi
1414 Berryhill St Harrisburg, PA	5.0	2.0	1786	$1,700	$0.95	24d	1	0.64mi
2315 Magnolia Dr Harrisburg, PA	4.0	3.5	3300	$3,000	$0.91	15d	1	0.71mi
2368 Canby St Harrisburg, PA	6.0	2.0	2142	$2,300	$1.07	22d	1	0.89mi
301 Chestnut St Harrisburg, PA	1.0–4.0	1.0–2.5	1437	$2,600	$1.81	44d	1	0.99mi
301 Chestnut St Harrisburg, PA	4.0	1.0–2.5	1437	$3,000	$2.09	15d	10	0.99mi
1716 N 6th St Unit NA Harrisburg, PA	4.0	4.0	2400	$2,000	$0.83	24d	1	1.38mi
1716 N 6th St Harrisburg, PA	4.0	3.5	2400	$2,200	$0.92	44d	1	1.38mi
1330 Susquehanna St Harrisburg, PA	4.0	1.5	2280	$1,895	$0.83	24d	1	1.39mi
1202 Penn St Harrisburg, PA	4.0	1.0	1706	$1,495	$0.88	44d	1	1.40mi

Listing history 39 events

1. 2026-06-21
   days on market $150,000 Active 121 DOM
2. 2026-06-18
   days on market $150,000 Active 118 DOM
3. 2026-06-17
   days on market $150,000 Active 117 DOM
4. 2026-06-16
   days on market $150,000 Active 116 DOM
5. 2026-06-15
   days on market $150,000 Active 115 DOM
6. 2026-06-14
   days on market $150,000 Active 113 DOM
7. 2026-06-13
   days on market $150,000 Active 112 DOM
8. 2026-06-10
   days on market $150,000 Active 110 DOM
9. 2026-06-09
   days on market $150,000 Active 109 DOM
10. 2026-06-08
    days on market $150,000 Active 108 DOM
11. 2026-06-07
    days on market $150,000 Active 107 DOM
12. 2026-06-03
    days on market $150,000 Active 103 DOM
13. 2026-06-02
    days on market $150,000 Active 102 DOM
14. 2026-06-01
    days on market $150,000 Active 101 DOM
15. 2026-05-31
    days on market $150,000 Active 100 DOM
16. 2026-05-31
    days on market $150,000 Active 99 DOM
17. 2026-03-12
    price $150,000 335-char remark

    Show marketing remark (335 chars)

    Great investment property located in the heart of Harrisburg. Featuring 4 bedrooms and 1.5 baths, this home has been nicely updated. If you are an investor looking for a great rental property or a home buyer looking for a comfortable and convenient home, 60 N 18th Street is a great choice. Currently tenant occupied with a year lease.

18. 2026-02-20
    listed $165,000 Active 335-char remark

    Show marketing remark (335 chars)

    Great investment property located in the heart of Harrisburg. Featuring 4 bedrooms and 1.5 baths, this home has been nicely updated. If you are an investor looking for a great rental property or a home buyer looking for a comfortable and convenient home, 60 N 18th Street is a great choice. Currently tenant occupied with a year lease.

19. 2023-09-30
    historical
20. 2023-09-25
    status Active
21. 2023-09-15
    status Pending
22. 2023-09-13
    listed $125,000 Active
23. 2023-04-19
    historical
24. 2023-03-17
    status Active
25. 2023-03-14
    historical Active Under Contract
26. 2023-03-14
    status Active
27. 2023-03-07
    status Pending
28. 2023-02-23
    listed $105,000 Active
29. 2013-07-19
    soldstatus $25,000
30. 2013-07-09
    historical
31. 2013-06-20
    listed $29,900
32. 2012-09-27
    historical
33. 2012-05-15
    listed $49,000
34. 2012-02-28
    historical
35. 2011-08-28
    listed $39,000
36. 2011-07-01
    soldstatus $15,000
37. 2011-06-15
    historical
38. 2011-05-02
    listed $22,000
39. 1988-07-20
    soldstatus $29,000

ⓘ 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: $1,583 · $132/mo
• Projected year-2 tax: $1,977 · $165/mo
• Expected delta: +$393/yr (+$33/mo · 24.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $22,881
• − Mortgage interest: −$8,402
• − Property taxes: −$1,583
• − Insurance: −$750
• − Repairs & maintenance: −$1,831
• − Management: −$1,831
• − Depreciation: −$4,364
• Taxable income: $4,121
• Est. tax owed @ 24.0%: −$989
• After-tax cash flow: $5,315/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): 13,115
• Household income: $39,825
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 1014.0

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 0.66)
• Race & ethnicity: Black 47% Hispanic / Latino 31% White 18% Two or more races 10%
• Hispanic origin (detail): Mexican 4% Puerto Rican 18% Dominican 5%
• Common ancestry: Hispanic 1% Romanian 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 83% English-only · Spanish 11% French/Haitian/Cajun 2% Tagalog/Filipino 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: ▼ -119.52%
• Current HPI: 211.455
• Rent YoY: ▲ 9.09%
• 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

+417.2% since first listed

23 events — show timeline

• 2026-03-12 Price Changed $150,000 BRIGHT MLS
• 2026-02-20 Listed $165,000 BRIGHT MLS
• 2023-09-30 Listing Removed — BRIGHT MLS
• 2023-09-25 Relisted — BRIGHT MLS
• 2023-09-15 Pending — BRIGHT MLS
• 2023-09-13 Listed $125,000 BRIGHT MLS
• 2023-04-19 Listing Removed — BRIGHT MLS
• 2023-03-17 Relisted — BRIGHT MLS
• 2023-03-14 Contingent — BRIGHT MLS
• 2023-03-14 Relisted — BRIGHT MLS
• 2023-03-07 Pending — BRIGHT MLS
• 2023-02-23 Listed $105,000 BRIGHT MLS
• 2013-07-19 Sold (MLS) $25,000 BRIGHT MLS
• 2013-07-09 Listing Removed — BRIGHT MLS
• 2013-06-20 Listed $29,900 BRIGHT MLS
• 2012-09-27 Listing Removed — BRIGHT MLS
• 2012-05-15 Listed $49,000 BRIGHT MLS
• 2012-02-28 Listing Removed — BRIGHT MLS
• 2011-08-28 Listed $39,000 BRIGHT MLS
• 2011-07-01 Sold (MLS) $15,000 BRIGHT MLS
• 2011-06-15 Listing Removed — BRIGHT MLS
• 2011-05-02 Listed $22,000 BRIGHT MLS
• 1988-07-20 Sold (Public Records) $29,000 Public Records

Property tax history

+0.9%/yr

Latest (2026): $1,583 · +1.5% YoY. Source: county tax records.