502 W Wyoming St · Allentown, PA 18103

$234,900

4 bd · 1.5 ba · 1,657 sqft · SingleFamily public records · 22 Days on market

Built 1914 1,334 sqft lot $142/sqft · 23% below area Est $305k · 23% 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 +17.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• 1% rule +4.3/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This remodeled end-unit row home, located right across from Good Shepherd Hospital, offers 5 bedrooms and 1.5 baths. Enjoy a covered porch, fenced yard, and a newly updated kitchen. The living and dining areas feature a combined layout, complemented by a remodeled full bath, fresh paint, and new carpet. With gas heat, hot water, replacement windows, and a basement laundry room with washer and dryer, it’s move-in ready!

Key facts

• Covered porch
• Fenced yard
• Remodeled full bath

Tags

• COVERED PORCH
• FENCED YARD
• NEWLY UPDATED KITCHEN
• REMODELED FULL BATH
• BASEMENT LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $176 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (6.5% below list).
• Recommended offer: $220k (6.5% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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 (+7.0%/yr); 161 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• This rent runs 36% of the median local income ($73k/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

• It's been on market 22 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 25y 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.

Risks & watch-outs

• Watch-outs: built in 1914 — 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 $219,551 (6.5% below list)

Questions for the listing agent

1. Built in 1914 — 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: 0.93% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.21%
• DSCR: 1.14
• GRM: 8.9

CMA / ARV

• ARV (median comp): $305,249
• List price: $234,900
• Delta: -23.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 S Meadow St	0.21mi	3/1.0 (-1)	1,591 (-4%)	12mo	$289,900	$182	66
Carldon St Unit (Also 601 and 605)	0.47mi	4/1.5	1,491 (-10%)	0mo	$280,000	$188	61
1030 Colorado St	0.66mi	3/1.5 (-1)	1,614 (-3%)	1mo	$330,000	$204	59
1123 S 8th St	0.32mi	3/2.0 (-1)	1,664 (+0%)	24mo	$329,900	$198	58
323 Chapel Ave	0.42mi	3/1.5 (-1)	1,459 (-12%)	24mo	$315,000	$216	36
1610 S Albert St	0.75mi	3/1.5 (-1)	1,472 (-11%)	16mo	$325,000	$221	28

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 · 7.05% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.73×
• Total profit: $-17,560
• Equity at exit: $35,024

10-year hold

• IRR: 7.0%
• Equity multiple: 1.62×
• Total profit: $40,642
• Equity at exit: $20,310

Cash invested: $65,772 (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 18103

• Rents YoY: 7.0%
• Active inventory: 161
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,196 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$229 /mo · $2,747/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $176

Break-even live

Break-even rent $1,973

Max offer price $234,900

Occupancy floor 87%

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
644 Lehigh St Allentown, PA	3.0	1.0	1714	$2,250	$1.31	43d	1	0.25mi
748 S Hall St Unit 1 Allentown, PA	3.0	1.5	1183	$2,000	$1.69	23d	1	0.29mi
314 Barber St Lot 35 Allentown, PA	3.0	2.5	1525	$2,450	$1.61	18d	1	0.44mi
948 W Maple St Allentown, PA	4.0	1.0	1932	$2,300	$1.19	43d	1	0.91mi
144 S 12th St Allentown, PA	4.0	2.0	1242	$2,000	$1.61	2d	1	1.00mi
519 Vine St Allentown, PA	3.0	1.0	1100	$2,400	$2.18	2d	1	1.03mi
832 Chestnut St Allentown, PA	3.0	1.0	1124	$2,100	$1.87	23d	1	1.03mi
2013 S 6th St Allentown, PA	3.0	1.0	1080	$2,300	$2.13	14d	1	1.04mi
389 W Turner St Allentown, PA	4.0	1.5	2144	$2,400	$1.12	2d	1	1.06mi
626 Oak St Allentown, PA	3.0	1.0	1396	$1,900	$1.36	43d	1	1.08mi
209 N Eighth St Apt 2 Allentown, PA	3.0	1.0	1430	$1,550	$1.08	43d	1	1.09mi
36 S Jefferson St Allentown, PA	5.0	1.5	2128	$2,500	$1.17	14d	1	1.11mi
749 Benton St Allentown, PA	3.0	1.0	1152	$1,950	$1.69	14d	1	1.12mi
111 Ridge Ave Allentown, PA	4.0	1.0	1658	$1,650	$1.00	43d	1	1.12mi
622 W Chew St Unit 2 Allentown, PA	3.0	1.0	1161	$1,600	$1.38	18d	1	1.13mi
2074 Baker Dr Allentown, PA	3.0	1.0	1462	$2,195	$1.50	43d	1	1.13mi
2307 S 5th St Allentown, PA	3.0	1.5	1296	$2,300	$1.77	14d	1	1.15mi
216 S 14th St Allentown, PA	4.0	1.5	1640	$2,300	$1.40	2d	1	1.17mi
605 E Susquehanna St Allentown, PA	3.0	1.0	1092	$2,500	$2.29	14d	1	1.18mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,700	$1.22	23d	1	1.19mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,600	$1.15	2d	1	1.19mi
213 Chew St Allentown, PA	5.0	1.0	1725	$2,100	$1.22	43d	1	1.22mi
230 E Fairview St Allentown, PA	3.0	2.0	1414	$2,300	$1.63	23d	1	1.23mi
347 N 7th St Apt 3 Allentown, PA	3.0	1.0	1200	$1,500	$1.25	43d	1	1.23mi
407 N 4th St Allentown, PA	3.0	1.5	1321	$1,550	$1.17	23d	1	1.26mi
41 S Franklin St Allentown, PA	5.0	2.0	1897	$2,500	$1.32	14d	1	1.27mi
828 W Gordon St Allentown, PA	4.0	2.5	1628	$2,250	$1.38	2d	1	1.27mi
132 Chew St Allentown, PA	3.0	1.0	1160	$1,995	$1.72	14d	1	1.28mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	14d	1	1.29mi
944 W Gordon St Allentown, PA	3.0	1.5	1146	$1,750	$1.53	23d	1	1.32mi
517 Elliger St Allentown, PA	3.0	1.5	1235	$1,700	$1.38	23d	1	1.38mi
1542 Walnut St Apt 2 Allentown, PA	4.0	1.0	1132	$1,850	$1.63	21d	1	1.38mi
528 N 6th St Allentown, PA	3.0	1.0	1934	$1,800	$0.93	43d	1	1.38mi
1143 Lova Ln Allentown, PA	3.0	2.5	1404	$2,500	$1.78	14d	1	1.40mi
1437 Webster St Allentown, PA	3.0	1.0	1080	$1,475	$1.37	43d	1	1.43mi
395 W Allen St Allentown, PA	3.0	1.0	1344	$1,800	$1.34	23d	1	1.45mi
631 W Allen St Allentown, PA	5.0	1.5	1695	$2,100	$1.24	43d	1	1.45mi
622 Park St Allentown, PA	5.0	1.5	1638	$2,300	$1.40	2d	1	1.48mi
1341 Chew St Allentown, PA	5.0	1.5	2139	$2,500	$1.17	21d	1	1.49mi

Listing history 17 events

1. 2026-05-06
   status Pending 428-char remark

   Show marketing remark (428 chars)

   This remodeled end-unit row home, located right across from Good Shepherd Hospital, offers 5 bedrooms and 1.5 baths. Enjoy a covered porch, fenced yard, and a newly updated kitchen. The living and dining areas feature a combined layout, complemented by a remodeled full bath, fresh paint, and new carpet. With gas heat, hot water, replacement windows, and a basement laundry room with washer and dryer, it’s move-in ready!

2. 2026-04-30
   price $234,900 428-char remark

   Show marketing remark (428 chars)

   This remodeled end-unit row home, located right across from Good Shepherd Hospital, offers 5 bedrooms and 1.5 baths. Enjoy a covered porch, fenced yard, and a newly updated kitchen. The living and dining areas feature a combined layout, complemented by a remodeled full bath, fresh paint, and new carpet. With gas heat, hot water, replacement windows, and a basement laundry room with washer and dryer, it’s move-in ready!

3. 2026-04-14
   listed $239,900 Active 428-char remark

   Show marketing remark (428 chars)

   This remodeled end-unit row home, located right across from Good Shepherd Hospital, offers 5 bedrooms and 1.5 baths. Enjoy a covered porch, fenced yard, and a newly updated kitchen. The living and dining areas feature a combined layout, complemented by a remodeled full bath, fresh paint, and new carpet. With gas heat, hot water, replacement windows, and a basement laundry room with washer and dryer, it’s move-in ready!

4. 2025-01-02
   soldstatus $1,800,000
5. 2018-09-07
   soldstatus $66,000 Sold 506-char remark

   Show marketing remark (506 chars)

   South Allentown 4 bedroom row located directly across the street from Good Shepherd Nursing Home. The exterior features a fenced yard and covered front porch, as well as a maintenance free brick exterior. Parking is plentiful. Inside you will find the home has been freshly painted. The windows are all vinyl replacements. The flooring throughout most the home was covered in floor grade dark walnut. A brand new gas furnace and water heater being installed. Seller to provide clear city inspection report.

6. 2018-08-24
   status Pending 506-char remark

   Show marketing remark (506 chars)

   South Allentown 4 bedroom row located directly across the street from Good Shepherd Nursing Home. The exterior features a fenced yard and covered front porch, as well as a maintenance free brick exterior. Parking is plentiful. Inside you will find the home has been freshly painted. The windows are all vinyl replacements. The flooring throughout most the home was covered in floor grade dark walnut. A brand new gas furnace and water heater being installed. Seller to provide clear city inspection report.

7. 2018-08-20
   listed $69,900 Active 506-char remark

   Show marketing remark (506 chars)

   South Allentown 4 bedroom row located directly across the street from Good Shepherd Nursing Home. The exterior features a fenced yard and covered front porch, as well as a maintenance free brick exterior. Parking is plentiful. Inside you will find the home has been freshly painted. The windows are all vinyl replacements. The flooring throughout most the home was covered in floor grade dark walnut. A brand new gas furnace and water heater being installed. Seller to provide clear city inspection report.

8. 2007-09-25
   soldstatus $100,000
9. 2007-09-25
   soldstatus $100,000
10. 2007-06-27
    listed $124,900
11. 2004-05-10
    soldstatus $65,000
12. 2004-05-04
    soldstatus $65,000
13. 2004-01-24
    listed $80,000
14. 2001-04-10
    soldstatus $17,000
15. 2001-03-02
    listed $17,000
16. 1990-08-01
    soldstatus $64,900
17. 1984-01-23
    soldstatus $25,250

ⓘ 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: $2,747 · $229/mo
• Projected year-2 tax: $3,229 · $269/mo
• Expected delta: +$482/yr (+$40/mo · 17.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°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: $26,346
• − Mortgage interest: −$13,158
• − Property taxes: −$2,747
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,108
• − Management: −$2,108
• − Depreciation: −$6,833
• Taxable loss: −$1,782
• Est. tax savings @ 24.0%: +$428
• After-tax cash flow: $2,538/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): 48,746
• Household income: $72,895
• Rent vs Own: 36.9% rent · 63.1% own
• Severe rent burden: 1792.0

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 0.63)
• Race & ethnicity: White 46% Hispanic / Latino 38% Two or more races 15% Black 9% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 15% Dominican 13%
• Common ancestry: Romanian 3% Polish 3% Iranian 1%
• Foreign-born: 19% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 30% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -358.28%
• Current HPI: 298.1512
• Rent YoY: ▲ 7.05%
• 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

+830.3% since first listed

17 events — show timeline

• 2026-05-06 Pending — GLVRMLS
• 2026-04-30 Price Changed $234,900 GLVRMLS
• 2026-04-14 Listed $239,900 GLVRMLS
• 2025-01-02 Sold (Public Records) $1,800,000 Public Records
• 2018-09-07 Sold (MLS) $66,000 GLVRMLS
• 2018-08-24 Pending — GLVRMLS
• 2018-08-20 Listed $69,900 GLVRMLS
• 2007-09-25 Sold (Public Records) $100,000 Public Records
• 2007-09-25 Sold (MLS) $100,000 GLVRMLS
• 2007-06-27 Listed $124,900 GLVRMLS
• 2004-05-10 Sold (Public Records) $65,000 Public Records
• 2004-05-04 Sold (MLS) $65,000 GLVRMLS
• 2004-01-24 Listed $80,000 GLVRMLS
• 2001-04-10 Sold (MLS) $17,000 GLVRMLS
• 2001-03-02 Listed $17,000 GLVRMLS
• 1990-08-01 Sold (Public Records) $64,900 Public Records
• 1984-01-23 Sold (Public Records) $25,250 Public Records

Property tax history

-2.0%/yr

Latest (2026): $2,747 · +0.7% YoY. Source: county tax records.