622 Lechauwecki Ave · Fountain Hill, PA 18015

$225,000

3 bd · 1.0 ba · 1,103 sqft · Townhouse public records · 4 Days on market

Built 1870 2,309 sqft lot $204/sqft · at area comps Est $229k · at est.

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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 +12.5/30.0
• ARV discount +8.3/15.0
• Rent growth +4.3/5.0
• Livability +4.1/5.0
• DSCR +3.7/10.0
• Schools +3.5/10.0
• 1% rule +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Semi-detached adorable twin with inviting front porch ready for it's new owner!! This 3BR/1BA will not disappoint! Bright and freshly painted living room, dining room with hardwood floors and kitchen with new vinyl flooring. Perfect enclosed back porch opens to a covered deck overlooking a fenced in yard with shed. Upstairs you will find 3 bedrooms and 1 full bathroom. Washer/dryer located in unfinished lower level. New roof 2020. New hot water heater 2022. Great location close to all major highways and downtown Bethlehem. ALL OFFERS DUE BY NOON ON WEDNESDAY, AUGUST 3RD.

Key facts

• Enclosed back porch
• Charming front porch
• Fenced backyard

Tags

• SEMI-DETACHED COLONIAL
• ENGINEERED HARDWOOD FLOORS
• NEWER VINYL PLANK FLOORING
• CHARMING FRONT PORCH
• ENCLOSED BACK PORCH
• FENCED BACKYARD

Property features AI

Finance

• Other: Lot is flat on a paved private road
• HOA & community: Curbs; Sidewalks

Exterior

• Parking: No garage; On-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electric service with circuit breakers
• Home design: Two-story home; Above-grade finished living area reported
• Construction: Vinyl siding; Asphalt/fiberglass roof; Partial basement
• Exterior features: Porch; Yard fenced; Fence; Shed(s)

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: Total of 6 rooms (includes bedrooms and other living spaces); Has a partial basement and lower-level laundry/utility area
• Flooring: Engineered hardwood; Luxury vinyl plank; Luxury vinyl; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric baseboard heating; Ceiling fan(s)
• Interior features: Attic; Dining area; Formal separate dining room; Storage
• Laundry & utility: Washer hookup; Dryer hookup; Laundry on lower level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $225k.

Deal economics

• At list price, monthly cash flow is $-32 ($-379/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $187k (17.1% below list).
• Recommended offer: $187k (17.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.2% in Fountain Hill — 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 82/100 on livability (#155 in PA, #1,290 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: commute C-, employment D, schools F.
• Bethlehem Area SD (urban): math 31% / reading 49% proficiency, ranked #342 of 539 in PA (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.2%/yr); 156 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• This rent runs 37% of the median local income ($61k/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 $2k of loan paydown is wiped out by about $7k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 21y 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 $175k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,562 (17.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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: 0.83% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.60%
• DSCR: 0.97
• GRM: 10.1

CMA / ARV

• ARV (median comp): $229,225
• List price: $225,000
• Delta: -1.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
603 Lechauwecki Ave	0.04mi	3/1.5	1,108 (+0%)	14mo	$260,000	$235	84
1224 Graham St	0.41mi	3/1.5	1,152 (+4%)	6mo	$279,900	$243	66
616 Lynn St	0.32mi	3/1.0	1,232 (+12%)	1mo	$201,000	$163	65
1226 Graham St	0.41mi	3/1.5	1,152 (+4%)	10mo	$290,000	$252	63
1213 Sioux St	0.37mi	3/1.0	1,088 (-1%)	22mo	$220,000	$202	62
1004 Cherokee St	0.64mi	3/1.0	1,170 (+6%)	12mo	$240,000	$205	50
608 Forrest St	0.21mi	3/1.0	1,236 (+12%)	24mo	$230,000	$186	50
912 Public Rd	0.43mi	3/1.0	1,196 (+8%)	21mo	$100,000	$84	48
1644 Seidersville Rd	0.49mi	2/1.5 (-1)	1,008 (-9%)	14mo	$200,000	$198	44
3862 Rte 378	0.63mi	3/1.5	1,240 (+12%)	10mo	$175,000	$141	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 · 7.18% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.52×
• Total profit: $-30,299
• Equity at exit: $33,548

10-year hold

• IRR: 1.4%
• Equity multiple: 1.12×
• Total profit: $7,590
• Equity at exit: $19,454

Cash invested: $63,000 (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 18015

• Home prices YoY: -30.7%
• Rents YoY: 7.2%
• Active inventory: 156
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,866 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$232 /mo · $2,781/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $-32

Break-even live

Break-even rent $1,906

Max offer price $219,416

Occupancy floor 97%

Sensitivity live

Price	-10% $96	-5% $32	+0% $-32	+5% $-95	+10% $-159
Rent	-10% $-179	-5% $-105	+0% $-32	+5% $42	+10% $116
Rate	-1.0pp $82	-0.5pp $26	base $-32	+0.5pp $-90	+1.0pp $-149

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1217 Broadway Unit 2 Fountain Hill, PA	2.0	1.0	1340	$1,550	$1.16	24d	1	0.36mi
1129 Russell Ave Fountain Hill, PA	3.0	1.0	1376	$1,750	$1.27	24d	1	0.44mi
1129 Russell Ave Fountain Hill, PA	3.0	1.0	1376	$1,900	$1.38	44d	1	0.44mi
14 Finady Ave Bethlehem, PA	3.0	1.5	1500	$1,600	$1.07	22d	1	0.70mi
708 Cherokee St Bethlehem, PA	3.0	1.5	1200	$2,500	$2.08	44d	1	0.98mi
541 Jischke St Bethlehem, PA	3.0	1.0	1090	$1,800	$1.65	24d	1	0.98mi
540 Seneca St Apt 2 Bethlehem, PA	2.0	1.0	950	$1,520	$1.60	3d	1	1.00mi
406 W 9th St Bethlehem, PA	3.0	1.0	1152	$2,100	$1.82	22d	1	1.02mi
517 Seneca St Unit 1 Bethlehem, PA	2.0	1.5	1500	$2,200	$1.47	44d	1	1.05mi
517 Seneca St Unit 3 Bethlehem, PA	2.0	1.0	750	$1,600	$2.13	44d	1	1.05mi
521 Hess St Bethlehem, PA	3.0	1.0	1120	$1,500	$1.34	22d	1	1.14mi
414 Cherokee St Unit 414 2nd Fl Bethlehem, PA	2.0	1.0	800	$1,800	$2.25	15d	1	1.17mi
228 W 3rd St Bethlehem, PA	2.0	1.0	750	$1,595	$2.13	44d	1	1.38mi
565 W Lehigh St Bethlehem, PA	1.0–2.0	1.0–2.0	875	$1,950	$2.23	44d	1	1.38mi

Listing history 30 events

1. 2026-05-15
   listed $225,000 Active 772-char remark
2. 2022-08-30
   soldstatus $175,000
3. 2022-08-26
   soldstatus $175,000 Sold 581-char remark

   Show marketing remark (581 chars)

   Semi-detached adorable twin with inviting front porch ready for it's new owner!! This 3BR/1BA will not disappoint! Bright and freshly painted living room, dining room with hardwood floors and kitchen with new vinyl flooring. Perfect enclosed back porch opens to a covered deck overlooking a fenced in yard with shed. Upstairs you will find 3 bedrooms and 1 full bathroom. Washer/dryer located in unfinished lower level. New roof 2020. New hot water heater 2022. Great location close to all major highways and downtown Bethlehem. ALL OFFERS DUE BY NOON ON WEDNESDAY, AUGUST 3RD.

4. 2022-08-08
   status Pending 581-char remark

   Show marketing remark (581 chars)

   Semi-detached adorable twin with inviting front porch ready for it's new owner!! This 3BR/1BA will not disappoint! Bright and freshly painted living room, dining room with hardwood floors and kitchen with new vinyl flooring. Perfect enclosed back porch opens to a covered deck overlooking a fenced in yard with shed. Upstairs you will find 3 bedrooms and 1 full bathroom. Washer/dryer located in unfinished lower level. New roof 2020. New hot water heater 2022. Great location close to all major highways and downtown Bethlehem. ALL OFFERS DUE BY NOON ON WEDNESDAY, AUGUST 3RD.

5. 2022-07-29
   listed $180,000 Active 581-char remark

   Show marketing remark (581 chars)

   Semi-detached adorable twin with inviting front porch ready for it's new owner!! This 3BR/1BA will not disappoint! Bright and freshly painted living room, dining room with hardwood floors and kitchen with new vinyl flooring. Perfect enclosed back porch opens to a covered deck overlooking a fenced in yard with shed. Upstairs you will find 3 bedrooms and 1 full bathroom. Washer/dryer located in unfinished lower level. New roof 2020. New hot water heater 2022. Great location close to all major highways and downtown Bethlehem. ALL OFFERS DUE BY NOON ON WEDNESDAY, AUGUST 3RD.

6. 2017-07-03
   soldstatus $108,500
7. 2017-03-31
   soldstatus $108,500 Sold

   Show marketing remark (721 chars)

   Make an appointment and be impressed with this awesome home!!! Prepare holiday dinners in the cheerful kitchen with newer appliances and plenty of space to set out your buffet for guests. Nice size DR and LR both with hardwood floors and neutral décor. Enclosed porch for additional seating or perhaps a place to escape with your favorite book! Large deck for grilling your burgers and having conversation with family and friends. Fido will love the fenced yard, and your new Chevy will have a great place to park out back. Shed for your lawn equipment and your volleyball net. 3 nicely sized bedrooms and an updated bath for those long soothing showers after a hard day's work. Gorgeous home in great location!

8. 2017-03-30
   soldstatus $115,000 Sold
9. 2017-03-30
   soldstatus $115,000
10. 2017-02-24
    status Pending

    Show marketing remark (721 chars)

    Make an appointment and be impressed with this awesome home!!! Prepare holiday dinners in the cheerful kitchen with newer appliances and plenty of space to set out your buffet for guests. Nice size DR and LR both with hardwood floors and neutral décor. Enclosed porch for additional seating or perhaps a place to escape with your favorite book! Large deck for grilling your burgers and having conversation with family and friends. Fido will love the fenced yard, and your new Chevy will have a great place to park out back. Shed for your lawn equipment and your volleyball net. 3 nicely sized bedrooms and an updated bath for those long soothing showers after a hard day's work. Gorgeous home in great location!

11. 2017-01-31
    status Under Contract
12. 2016-12-14
    listed $114,900 Active
13. 2016-12-14
    listed $114,900
14. 2016-12-03
    listed $114,900 Active

    Show marketing remark (721 chars)

    Make an appointment and be impressed with this awesome home!!! Prepare holiday dinners in the cheerful kitchen with newer appliances and plenty of space to set out your buffet for guests. Nice size DR and LR both with hardwood floors and neutral décor. Enclosed porch for additional seating or perhaps a place to escape with your favorite book! Large deck for grilling your burgers and having conversation with family and friends. Fido will love the fenced yard, and your new Chevy will have a great place to park out back. Shed for your lawn equipment and your volleyball net. 3 nicely sized bedrooms and an updated bath for those long soothing showers after a hard day's work. Gorgeous home in great location!

15. 2011-11-15
    soldstatus $115,000
16. 2011-11-11
    soldstatus $115,000
17. 2011-06-29
    listed $123,900
18. 2010-07-09
    soldstatus $118,500
19. 2010-06-22
    soldstatus $118,500
20. 2010-04-01
    listed $122,900
21. 2009-11-27
    historical
22. 2009-11-24
    listed $119,900
23. 2009-11-23
    historical
24. 2009-05-22
    listed $119,900
25. 2009-05-12
    historical
26. 2009-04-20
    listed $139,900
27. 2005-06-20
    soldstatus $104,900
28. 2005-06-15
    soldstatus $104,900
29. 2005-04-06
    listed $99,900
30. 1996-12-30
    soldstatus $61,500

ⓘ 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: $2,781 · $232/mo
• Projected year-2 tax: $3,168 · $264/mo
• Expected delta: +$387/yr (+$32/mo · 13.9%)

ⓘ 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 5/10 Major
• 🌡 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 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,387
• − Mortgage interest: −$12,603
• − Property taxes: −$2,781
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,791
• − Management: −$1,791
• − Depreciation: −$6,545
• Taxable loss: −$4,250
• Est. tax savings @ 24.0%: +$1,020
• After-tax cash flow: $641/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: Bethlehem Area SD
• NCES district ID: 4203570
• Math proficiency: 31% ▼ -2.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $55,124
• Composite: 34.92/100
• National rank: #5068
• State rank: #342 of 539 in PA

Livability — Fountain Hill

• Score: 82/100
• State rank: #155
• US rank: #1290

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fountain Hill, PA
• County: Northampton County · 236,814 people
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 34,852
• Household income: $60,800
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 1525.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Hispanic / Latino 29% Two or more races 14% Black 10% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 19% Dominican 3%
• Common ancestry: Romanian 4% Danish 1% Iranian 1%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 73% English-only · Spanish 21% Chinese 2% Other Indo-European 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: ▼ -122.95%
• Current HPI: 277.4721
• Rent YoY: ▲ 7.18%
• 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

+265.9% since first listed

31 events — show timeline

• 2026-05-19 Pending — GLVRMLS
• 2026-05-15 Listed $225,000 GLVRMLS
• 2022-08-30 Sold (Public Records) $175,000 Public Records
• 2022-08-26 Sold (MLS) $175,000 GLVRMLS
• 2022-08-08 Pending — GLVRMLS
• 2022-07-29 Listed $180,000 GLVRMLS
• 2017-07-03 Sold (Public Records) $108,500 Public Records
• 2017-03-31 Sold (MLS) $108,500 GLVRMLS
• 2017-03-30 Sold (MLS) $115,000 TREND
• 2017-03-30 Sold (MLS) $115,000 BRIGHT MLS
• 2017-02-24 Pending — GLVRMLS
• 2017-01-31 Pending — TREND
• 2016-12-14 Listed $114,900 TREND
• 2016-12-14 Listed $114,900 BRIGHT MLS
• 2016-12-03 Listed $114,900 GLVRMLS
• 2011-11-15 Sold (Public Records) $115,000 Public Records
• 2011-11-11 Sold (MLS) $115,000 GLVRMLS
• 2011-06-29 Listed $123,900 GLVRMLS
• 2010-07-09 Sold (Public Records) $118,500 Public Records
• 2010-06-22 Sold (MLS) $118,500 GLVRMLS
• 2010-04-01 Listed $122,900 GLVRMLS
• 2009-11-27 Listing Removed — GLVRMLS
• 2009-11-24 Listed $119,900 GLVRMLS
• 2009-11-23 Listing Removed — GLVRMLS
• 2009-05-22 Listed $119,900 GLVRMLS
• 2009-05-12 Listing Removed — GLVRMLS
• 2009-04-20 Listed $139,900 GLVRMLS
• 2005-06-20 Sold (Public Records) $104,900 Public Records
• 2005-06-15 Sold (MLS) $104,900 GLVRMLS
• 2005-04-06 Listed $99,900 GLVRMLS
• 1996-12-30 Sold (Public Records) $61,500 Public Records

Property tax history

+3.0%/yr

Latest (2026): $2,781 · +5.1% YoY. Source: county tax records.