642 Milnor Rd · State Line, PA 17225

$350,000

4 bd · 2.0 ba · 2,450 sqft · Other · 361 Days on market

Built 2004 2.60 ac lot ↓ 30% since listing

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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 +13.0/30.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.9/10.0
• 1% rule +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

Key facts

• 2.6 acre lot
• 4 garage spots
• Built 2004

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $350k.

Deal economics

• At list price, monthly cash flow is $-17 ($-209/yr) — negative.
• To cash-flow at today's rent, offer at most $347k (0.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $290k (17.1% below list).
• Recommended offer: $290k (17.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#1,231 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B+; Watch: amenities F, commute F, health & safety F.
• Greencastle-Antrim SD (suburban): math 43% / reading 65% proficiency, ranked #118 of 539 in PA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Greencastle-Antrim El Sch (math 45% / reading 63%, grade C, #557 of 1,518 statewide, top 37%, 680 students, 40% FRL); Greencastle-Antrim Ms (math 32% / reading 67%, grade C, #137 of 512 statewide, top 27%, 689 students, 37% FRL); Greencastle-Antrim Shs (math 74% / reading 24%, grade D, #149 of 437 statewide, top 34%, 1,047 students, 32% FRL).
• Market conditions: 126 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 633 units permitted in Franklin County in 2024 (112 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 361 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $150k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $290,000 (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. It's been on market 361 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 6.23%
• Cash-on-cash: -0.21%
• DSCR: 0.99
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.7%
• Equity multiple: 0.41×
• Total profit: $-57,850
• Equity at exit: $52,186

10-year hold

• IRR: -8.5%
• Equity multiple: 0.47×
• Total profit: $-51,902
• Equity at exit: $30,262

Cash invested: $98,000 (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 17225

• Home prices YoY: -19.0%
• Active inventory: 126
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,900 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$327 /mo · $3,926/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $-17

Break-even live

Break-even rent $2,922

Max offer price $346,920

Occupancy floor 96%

Sensitivity live

Price	-10% $181	-5% $82	+0% $-17	+5% $-117	+10% $-216
Rent	-10% $-247	-5% $-132	+0% $-17	+5% $97	+10% $212
Rate	-1.0pp $159	-0.5pp $72	base $-17	+0.5pp $-108	+1.0pp $-200

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
287 Paradise View Dr Greencastle, PA	4.0	3.5	2800	$2,900	$1.04	15d	1	1.26mi

Listing history 6 events

1. 2024-06-14
   status Pending 2176-char remark

   Show marketing remark (2176 chars)

   This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

2. 2024-06-14
   status Pending

   Show marketing remark (2176 chars)

   This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

3. 2023-12-21
   price $350,000

   Show marketing remark (2176 chars)

   This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

4. 2023-12-21
   price $350,000 2176-char remark

   Show marketing remark (2176 chars)

   This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

5. 2023-06-19
   listed $500,000 Active
6. 2023-06-12
   listed $500,000 Active 2176-char remark

   Show marketing remark (2176 chars)

   This property sits between 195 acres of Industrial Ground (currently actively listed under contract) it is next to a Norfolk Southern Railway Intermodel Rail Yard, is 4 miles from Hagerstown Regional Airport, close to 2 major Route 81 Interchanges (Exit #1 & Exit #3) and very close proximity to Route 11-Molly Pitcher Highway. Property sits directly across the road from Walmart Fulfillment Center. Subject property being sold along with the adjacent parcel #01-0A27.. 010.000000. Zoning-Industrial District of Antrim Township, Franklin County, PA: please contact Antrim Twp. for final accepted uses. Accepted uses: Manufacturing, assembling, converting, altering, finishing, cleaning or any other processing, handling or storage of products and materials. Building materials' storage, lumber yards and lumber mills. Freight and truck terminals, distribution plants, warehousing and wholesaling facilities. Printing, bookbinding and newspaper publishing. Research and design offices and laboratories. All uses that are similar to the previously stated and not otherwise prohibited. Accessory uses and buildings customarily incidental to the previously stated uses, including dwellings only for bona fide caretakers or watchmen. Lodges and fraternal orders. Health clubs, health spas and other similar establishments, subject to the requirements of Public utilities (i. e. sewere, water, gas, etc. ) Federal state and local government offices and accessory uses, and other municipal essential services (i. e. fire, police, nonprofit recreational facilities, etc. ) Public schools and essential uses, provided that all outside active play areas are screened from adjacent properties. Truck stops. A facility designed especially to be used for long-distance truck drivers that may include but is not limited to restaurants, fuel pumps, repair garage, truck service etc. Truck, semi trailer and full trailer sales. Uses where the primary business involves truck traffic, including but not limited to semi trucks, tractor-trailers, eighteen - wheelers, etc. Building site #1-3 bed, 2 bath double wide on precast concrete wall basement, steel equipment shed and chicken pen.

ⓘ 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: $3,926 · $327/mo
• Projected year-2 tax: $4,728 · $394/mo
• Expected delta: +$802/yr (+$67/mo · 20.4%)

ⓘ 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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,800
• − Mortgage interest: −$19,605
• − Property taxes: −$3,926
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,784
• − Management: −$2,784
• − Depreciation: −$10,182
• Taxable loss: −$6,231
• Est. tax savings @ 24.0%: +$1,495
• After-tax cash flow: $1,286/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: Greencastle-Antrim SD
• NCES district ID: 4211010
• Math proficiency: 43% ▼ -14.00%
• Reading proficiency: 65% ▼ -9.00%
• Median HH income: $62,541
• Composite: 47.21/100
• National rank: #2319
• State rank: #118 of 539 in PA

Livability — State Line

• Score: 64/100
• State rank: #1231
• US rank: #14691

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 949
• Population (ZIP): 20,335

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 157,827 people
• By 2030: 158,933 · +0.7%
• By 2040: 159,060 · +0.8%
• By 2050: 155,132 · -1.7%
• By 2075: 138,545 · -12.2%
• By 2100: 112,321 · -28.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Black 3% Asian 2% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Italian 4% American 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+43.0) · D 28.1% · R 71.1%
• 2008→2024 swing: -10.4pp toward R · 2008: -32.6pp · 2024: -43.0pp
• All cycles: 2024: R+43.0 2020: R+43.1 2016: R+46.5 2012: R+38.5 2008: R+32.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.84%
• Current HPI: 233.5857
• Rent YoY: —
• Metro: —
• 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

-30.0% since first listed

6 events — show timeline

• 2024-06-14 Pending — BRIGHT MLS
• 2024-06-14 Pending — BRIGHT MLS
• 2023-12-21 Price Changed $350,000 BRIGHT MLS
• 2023-12-21 Price Changed $350,000 BRIGHT MLS
• 2023-06-19 Listed $500,000 BRIGHT MLS
• 2023-06-12 Listed $500,000 BRIGHT MLS

Property tax history

+15.2%/yr

Latest (2026): $3,926 · +3.2% YoY. Source: county tax records.