439 E Walnut St · York, PA 17403

$80,000

3 bd · 1.5 ba · 1,120 sqft · Townhouse public records · 6 Days on market

Built 1900 1,620 sqft lot Est $124k · 36% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Prime Investor Opportunity - Fire-Damaged Property with "front" Sealed Roof 439 Walnut St is a York City row home offering strong redevelopment potential for experienced investors, contractors, or rehab specialists. The property previously sustained significant fire damage and requires a full interior and structural renovation, but the front roof has been sealed, providing immediate protection from further weather exposure and giving you a stable starting point for reconstruction. This 3-bedroom, 2-bath, 1,120 sq ft home sits in a convenient location close to downtown, major routes, and local amenities. Built in 1900, the property retains its classic row home footprint and is id

Key facts

• Sealed roof
• Convenient location
• Built 1900

Tags

• SEALED ROOF
• STRONG REDEVELOPMENT POTENTIAL
• FULL INTERIOR RENOVATION
• STRUCTURAL RENOVATION
• CONVENIENT LOCATION
• CLASSIC ROW HOME FOOTPRINT

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Major rehabilitation needed
• Construction: Brick and frame construction with masonry elements; Copper plumbing; Stick-built; Brick/mortar and stone foundation; Rubber and shingle roof
• Exterior features: Not in a federal flood zone

Interior

• Bedrooms: Three bedrooms on the second (upper) level; One bedroom on the third (upper) level
• Flooring: Wood flooring; Rough-in flooring
• Bathrooms: One full bathroom (upper levels); One half bathroom on the main level
• Interior features: Brick and masonry walls; Some unfinished walls; Rough-in plumbing

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $80k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 14.2% vs local median 4.9% in York — 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 75/100 on livability (#427 in PA, #3,987 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, crime F, employment F.
• York City SD (urban): math 4% / reading 16% proficiency, ranked #534 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.4%/yr); 219 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.4% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $8k; list at $80k implies a 841% gain — meaningful room to come down on a strong offer.

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 $80,000

Questions for the listing agent

1. Built in 1900 — 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. 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?
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: 1.70% ✓
• Cap rate: 14.18%
• Cash-on-cash: 28.15%
• DSCR: 2.25
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $124,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
450 E Walnut St	0.03mi	3/1.0	1,040 (-7%)	1mo	$85,000	$82	84
203 Fulton St	0.37mi	3/1.0	1,104 (-1%)	1mo	$174,000	$158	78
225 N Pine St	0.22mi	3/1.0	1,182 (+6%)	2mo	$37,500	$32	77
227 N Pine St	0.23mi	3/1.0	1,182 (+6%)	2mo	$37,500	$32	76
448 Wallace St	0.02mi	4/1.0 (+1)	1,008 (-10%)	2mo	$96,000	$95	74
715 E Clarke Ave	0.32mi	3/1.0	1,182 (+6%)	1mo	$65,000	$55	73
368 E Philadelphia St	0.15mi	2/1.0 (-1)	1,036 (-8%)	2mo	$120,000	$116	72
307 E Walnut St	0.21mi	3/1.0	1,265 (+13%)	1mo	$152,000	$120	66
926 E Market St	0.56mi	3/1.0	1,158 (+3%)	2mo	$155,000	$134	65
818 Wallace St	0.42mi	3/1.0	1,220 (+9%)	0mo	$130,000	$107	63
917 N Pine St	0.73mi	3/1.0	1,160 (+4%)	0mo	$161,000	$139	58
219 S Albemarle St	0.72mi	3/1.0	1,280 (+14%)	1mo	$142,000	$111	40

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 24.0%
• Equity multiple: 2.01×
• Total profit: $22,517
• Equity at exit: $11,928

10-year hold

• IRR: 32.7%
• Equity multiple: 4.18×
• Total profit: $71,188
• Equity at exit: $6,917

Cash invested: $22,400 (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 17403

• Home prices YoY: -26.9%
• Rents YoY: 4.4%
• Active inventory: 219
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,363 high
• Mortgage (P&I): −$420
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $526

Break-even live

Break-even rent $697

Max offer price $80,000

Occupancy floor 56%

Sensitivity live

Price	-10% $571	-5% $548	+0% $526	+5% $503	+10% $480
Rent	-10% $418	-5% $472	+0% $526	+5% $579	+10% $633
Rate	-1.0pp $566	-0.5pp $546	base $526	+0.5pp $505	+1.0pp $484

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
446 Wallace St York, PA	3.0	1.0	1092	$1,295	$1.19	22d	1	0.03mi
606 E Market St Unit 1STFLRREAR York, PA	2.0	1.0	700	$925	$1.32	14d	1	0.23mi
245 Franklin Way York, PA	2.0	2.0	1240	$1,150	$0.93	14d	1	0.27mi
30 N Franklin St York, PA	3.0	1.0	1400	$1,395	$1.00	44d	1	0.27mi
231 Franklin Way York, PA	3.0	1.0	920	$1,195	$1.30	14d	1	0.29mi
720 Chestnut St Apt 2 York, PA	4.0	1.0	1400	$1,300	$0.93	14d	1	0.30mi
40 N Tremont St #2 York, PA	3.0	1.0	900	$1,500	$1.67	44d	1	0.48mi
728 E Princess St Apt 3 York, PA	2.0	1.0	822	$995	$1.21	44d	1	0.50mi
113 Arch St York, PA	4.0	1.0	1188	$1,200	$1.01	14d	1	0.50mi
251 N George St York, PA	2.0	2.0	1100	$1,595	$1.45	14d	1	0.57mi
28 N George St Unit H York, PA	2.0	2.0	1400	$1,550	$1.11	44d	1	0.60mi
208 Liberty Ct York, PA	3.0	1.0	1096	$1,195	$1.09	44d	1	0.64mi
1027 E Market St Unit 2 York, PA	2.0	1.0	1145	$1,095	$0.96	14d	1	0.64mi
49 W Market St Unit 2 R York, PA	2.0	1.0	788	$975	$1.24	14d	1	0.69mi
334 N Beaver St York, PA	3.0	1.0	1140	$1,050	$0.92	14d	1	0.72mi
715 Vander Ave York, PA	3.0	1.0	1180	$1,295	$1.10	14d	1	0.73mi
175 W Gay Ave York, PA	1.0–2.0	1.0	1219	$1,650	$1.35	14d	2	0.75mi
133 Stevens Ave York, PA	3.0	1.0	1200	$1,300	$1.08	44d	1	0.76mi
132 S Beaver St Apt 4 York, PA	2.0	2.0	1000	$1,250	$1.25	44d	1	0.78mi
516 E Boundary Ave York, PA	2.0	1.0	1128	$1,200	$1.06	14d	1	0.79mi
443 S Duke St York, PA	3.0	1.0	1028	$1,225	$1.19	44d	1	0.81mi
444 S Duke St York, PA	3.0	1.0	1200	$1,200	$1.00	44d	1	0.82mi
514 S Duke St York, PA	3.0	1.0	1289	$1,625	$1.26	22d	1	0.86mi
42 Laurel St York, PA	3.0	1.0	1136	$1,375	$1.21	22d	1	0.94mi
289 Union St York, PA	4.0	1.0	1450	$1,600	$1.10	44d	1	0.96mi
314 W Gay Ave York, PA	3.0	1.0	1060	$1,250	$1.18	22d	1	1.00mi
403 N Newberry St Unit B12 York, PA	2.0	1.0	750	$1,050	$1.40	44d	1	1.01mi
403 N Newberry St Unit A10 York, PA	2.0	1.0	750	$1,095	$1.46	22d	1	1.01mi
330 W King St York, PA	3.0	1.0	713	$1,195	$1.68	14d	1	1.06mi
549 Lancaster Ave York, PA	3.0	1.0	1458	$1,875	$1.29	44d	1	1.09mi
1505 3rd Ave York, PA	3.0	1.5	1408	$1,800	$1.28	14d	1	1.14mi
216 Park Pl York, PA	4.0	1.0	1192	$1,350	$1.13	14d	1	1.18mi
1538 1st Ave Unit 2 York, PA	3.0	2.0	1500	$1,900	$1.27	14d	1	1.20mi
466 W College Ave York, PA	3.0	1.0	1068	$1,295	$1.21	44d	1	1.32mi
450 Madison Ave York, PA	1.0–2.0	1.0	862	$1,250	$1.45	14d	1	1.35mi
588 Company St York, PA	3.0	1.5	1416	$1,475	$1.04	44d	1	1.42mi
631 Roosevelt Ave Unit 2 York, PA	3.0	1.0	1170	$1,150	$0.98	14d	1	1.44mi
720 Elm Ter York, PA	3.0	1.5	1200	$1,950	$1.62	22d	1	1.45mi

Listing history 5 events

1. 2026-06-21
   days on market $80,000 Active 6 DOM
2. 2026-06-18
   days on market $80,000 Active 3 DOM
3. 2026-06-17
   days on market $80,000 Active 2 DOM
4. 2026-06-15
   remarks 689-char remark
5. 2026-06-15
   listed $80,000 Active 1 DOM

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,220 · $102/mo
• Expected delta: +$44/yr (+$4/mo · 3.7%)

ⓘ 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 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,352
• − Mortgage interest: −$4,481
• − Property taxes: −$1,177
• − Insurance: −$400
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$2,327
• Taxable income: $5,350
• Est. tax owed @ 24.0%: −$1,284
• After-tax cash flow: $5,023/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: York City SD
• NCES district ID: 4226820
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 16% ▼ -9.00%
• Median HH income: $29,470
• Composite: 7.61/100
• National rank: #9943
• State rank: #534 of 539 in PA

Livability — York

• Score: 75/100
• State rank: #427
• US rank: #3987

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: York, PA
• County: York County · 278,806 people
• City population: 184,764
• Metro: York-Hanover, PA
• Population (ZIP): 40,287
• Household income: $75,384
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1305.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 60% Hispanic / Latino 20% Black 12% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Dominican 3%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 81% English-only · Spanish 14% Other Indo-European 1% Arabic 1%

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: ▼ -104.51%
• Current HPI: 284.0731
• Rent YoY: ▲ 4.43%
• 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

+841.2% since first listed

2 events — show timeline

• 2026-06-15 Listed $80,000 BRIGHT MLS
• 1995-06-28 Sold (Public Records) $8,500 Public Records

Property tax history

+0.8%/yr

Latest (2026): $1,177 · +1.6% YoY. Source: county tax records.