924 5th St · Allentown, PA 18102

$202,000

5 bd · 1.0 ba · 1,595 sqft · SingleFamily public records · 3 Days on market

Built 1906 1,799 sqft lot Est $389k · 48% 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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.8/10.0
• 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 MLS

Check out this clean, newly available 4-5 bedroom home in Allentown. Walk into the first floor living room and dining room areas which lead to the kitchen with new counters and new 5 burner gas stove. The second floor has 3 bedrooms including the master. The full bath is completed with a stone tile shower surround. The third floor has 2 rooms. One is a true bedroom. The other can be used as a play room, office, or a 5th bedroom. The home has fresh paint throughout and all bedrooms have hardwood floors. Schedule your showing ASAP!!

Key facts

• Desirable location
• Ample cabinet space
• Parking

Tags

• AMPLE CABINET SPACE
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING
• CLOSE PROXIMITY TO PARKS
• DESIRABLE LOCATION

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: Off-street parking; Parking pad; Street parking available
• Utilities: Public water; Public sewer; 100 amp electric service with circuit breakers
• Home design: 2-story brick house; Asphalt / fiberglass roof
• Construction: Brick construction
• Exterior features: Porch; Patio

Interior

• Kitchen: Refrigerator
• Bedrooms: Multiple bedrooms across second and third floors and lower/ basement levels (several bedrooms listed on second and third floors and in lower level)
• Flooring: Hardwood
• Bathrooms: One full bathroom (plus additional full baths listed on upper levels)
• Heating & cooling: Gas heating; Hot water radiator/boiler heating
• Interior features: Dining area / separate formal dining room; Storm door(s); Hardwood floors
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $202k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $202k).
• Cap rate 8.7% 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: 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.
• Zoned schools: Washington El Sch (math 8%, 346 students, 99% FRL); Trexler Ms (math 2% / reading 24%, grade F, #484 of 512 statewide, top 95%, 820 students, 100% FRL); William Allen Hs (math 29% / reading 10%, grade F, #392 of 437 statewide, top 90%, 2,852 students, 87% FRL) — zoned schools average 95% FRL vs 73% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.5%/yr); 167 active listings in the ZIP; 29 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 $2,174/mo this rent would consume 61% 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $57k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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.
• Current owner paid $113k; list at $202k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1906 — 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 $202,000

Questions for the listing agent

1. Built in 1906 — 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: 1.08% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.46%
• DSCR: 1.38
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $389,180
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1051 N 10th St	0.55mi	4/1.5 (-1)	1,712 (+7%)	1mo	$385,000	$225	54
133 Oakwood Dr	0.54mi	4/2.5 (-1)	1,680 (+5%)	10mo	$410,000	$244	47

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: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,778
• Equity at exit: $30,119

10-year hold

• IRR: 11.2%
• Equity multiple: 1.97×
• Total profit: $55,116
• Equity at exit: $17,465

Cash invested: $56,560 (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: 7.7×

Monthly cashflow live

• Estimated rent: $2,174 high
• Mortgage (P&I): −$1,059
• Tax from tax record: −$175 /mo · $2,105/yr
• Insurance: −$84
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $399

Break-even live

Break-even rent $1,669

Max offer price $202,000

Occupancy floor 77%

Sensitivity live

Price	-10% $513	-5% $456	+0% $399	+5% $342	+10% $285
Rent	-10% $227	-5% $313	+0% $399	+5% $485	+10% $571
Rate	-1.0pp $501	-0.5pp $450	base $399	+0.5pp $347	+1.0pp $293

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: $50,500
• Closing costs: $6,060
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
913 N 6th St Allentown, PA	4.0	1.0	1476	$1,698	$1.15	15d	1	0.12mi
1304 N 4th St Allentown, PA	5.0	2.0	1891	$2,900	$1.53	45d	1	0.16mi
535 Tilghman St Unit 2ND Allentown, PA	4.0	2.0	1500	$1,750	$1.17	4d	1	0.29mi
738 W Cedar St Allentown, PA	5.0	1.5	1900	$2,500	$1.32	45d	1	0.33mi
856 N 8th St Allentown, PA	5.0	1.5	1499	$1,975	$1.32	20d	1	0.36mi
622 Park St Allentown, PA	5.0	1.5	1638	$2,300	$1.40	4d	1	0.40mi
814 Washington St #2 Allentown, PA	4.0	1.0	1200	$1,600	$1.33	4d	1	0.42mi
823 W Washington St Allentown, PA	4.0	1.0	1400	$1,950	$1.39	15d	1	0.43mi
631 W Allen St Allentown, PA	5.0	1.5	1695	$2,100	$1.24	45d	1	0.43mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	15d	1	0.53mi
164 W Tilghman St Allentown, PA	5.0	2.0	1801	$2,250	$1.25	25d	1	0.60mi
1111 Fullerton Ave Allentown, PA	5.0	1.5	1670	$2,200	$1.32	45d	1	0.62mi
828 W Gordon St Allentown, PA	4.0	2.5	1628	$2,250	$1.38	4d	1	0.72mi
630 N Front St Allentown, PA	4.0	1.0	1912	$1,900	$0.99	25d	1	0.73mi
626 N 11th St Allentown, PA	4.0	1.5	1642	$2,200	$1.34	4d	1	0.78mi
213 Chew St Allentown, PA	5.0	1.0	1725	$2,100	$1.22	45d	1	0.79mi
389 W Turner St Allentown, PA	4.0	1.5	2144	$2,400	$1.12	4d	1	0.80mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,700	$1.22	25d	1	0.94mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,600	$1.15	4d	1	0.94mi
111 Ridge Ave Allentown, PA	4.0	1.0	1658	$1,650	$1.00	45d	1	1.03mi
1338 W Liberty St Allentown, PA	4.0	1.0	1526	$2,000	$1.31	15d	1	1.11mi
1348 W Liberty St Allentown, PA	5.0	1.0	1561	$1,900	$1.22	25d	1	1.13mi
1455 W Tilghman St Allentown, PA	4.0	1.5	1520	$1,850	$1.22	45d	1	1.17mi
948 W Maple St Allentown, PA	4.0	1.0	1932	$2,300	$1.19	45d	1	1.19mi
1341 Chew St Allentown, PA	5.0	1.5	2139	$2,500	$1.17	22d	1	1.21mi
36 S Jefferson St Allentown, PA	5.0	1.5	2128	$2,500	$1.17	15d	1	1.38mi
450 Hanover Ave Allentown, PA	5.0	1.0	1692	$2,200	$1.30	25d	1	1.41mi
1538 Chew St Allentown, PA	5.0	1.0	1874	$2,800	$1.49	20d	1	1.42mi
144 S 12th St Allentown, PA	4.0	2.0	1242	$2,000	$1.61	4d	1	1.43mi

Listing history 8 events

1. 2026-05-20
   status Pending
2. 2026-05-17
   listed $202,000 Active
3. 2023-07-17
   soldstatus $113,344
4. 2022-03-09
   soldstatus $152,000
5. 2022-03-01
   soldstatus $152,000 Sold 536-char remark

   Show marketing remark (536 chars)

   Check out this clean, newly available 4-5 bedroom home in Allentown. Walk into the first floor living room and dining room areas which lead to the kitchen with new counters and new 5 burner gas stove. The second floor has 3 bedrooms including the master. The full bath is completed with a stone tile shower surround. The third floor has 2 rooms. One is a true bedroom. The other can be used as a play room, office, or a 5th bedroom. The home has fresh paint throughout and all bedrooms have hardwood floors. Schedule your showing ASAP!!

6. 2022-01-27
   status Pending 536-char remark

   Show marketing remark (536 chars)

   Check out this clean, newly available 4-5 bedroom home in Allentown. Walk into the first floor living room and dining room areas which lead to the kitchen with new counters and new 5 burner gas stove. The second floor has 3 bedrooms including the master. The full bath is completed with a stone tile shower surround. The third floor has 2 rooms. One is a true bedroom. The other can be used as a play room, office, or a 5th bedroom. The home has fresh paint throughout and all bedrooms have hardwood floors. Schedule your showing ASAP!!

7. 2022-01-26
   listed $140,000 Active 536-char remark

   Show marketing remark (536 chars)

   Check out this clean, newly available 4-5 bedroom home in Allentown. Walk into the first floor living room and dining room areas which lead to the kitchen with new counters and new 5 burner gas stove. The second floor has 3 bedrooms including the master. The full bath is completed with a stone tile shower surround. The third floor has 2 rooms. One is a true bedroom. The other can be used as a play room, office, or a 5th bedroom. The home has fresh paint throughout and all bedrooms have hardwood floors. Schedule your showing ASAP!!

8. 1995-06-01
   soldstatus $24,000

ⓘ 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: $2,105 · $175/mo
• Projected year-2 tax: $2,648 · $221/mo
• Expected delta: +$543/yr (+$45/mo · 25.8%)

ⓘ 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 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,094
• − Mortgage interest: −$11,315
• − Property taxes: −$2,105
• − Insurance: −$1,010
• − Repairs & maintenance: −$2,087
• − Management: −$2,087
• − Depreciation: −$5,876
• Taxable income: $1,612
• Est. tax owed @ 24.0%: −$387
• After-tax cash flow: $4,400/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

Price history

+741.7% since first listed

8 events — show timeline

• 2026-05-20 Pending — GLVRMLS
• 2026-05-17 Listed $202,000 GLVRMLS
• 2023-07-17 Sold (Public Records) $113,344 Public Records
• 2022-03-09 Sold (Public Records) $152,000 Public Records
• 2022-03-01 Sold (MLS) $152,000 GLVRMLS
• 2022-01-27 Pending — GLVRMLS
• 2022-01-26 Listed $140,000 GLVRMLS
• 1995-06-01 Sold (Public Records) $24,000 Public Records

Property tax history

-1.9%/yr

Latest (2026): $2,105 · +0.7% YoY. Source: county tax records.