243 State St · Hamburg, PA 19526

$239,900

3 bd · 1.0 ba · 1,752 sqft · Townhouse public records · 16 Days on market

Built 1890 2,613 sqft lot Est $219k · 10% over

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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 +21.8/30.0
• Appreciation +10.0/10.0
• DSCR +7.0/10.0
• 1% rule +5.4/10.0
• Livability +3.7/5.0
• ARV discount +3.2/15.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

243 State Street, Hamburg — It's Move-In Ready. Completely. Not "almost" ready. Not "just needs a little work. " Truly, completely, unpack-your-boxes-and-live move-in ready. Welcome to 243 State Street — a beautifully renovated twin home in the heart of Hamburg where the hard work is already done and the good life is already waiting. Offering 3 bedrooms, 1.5 bathrooms, and 1,752 square feet of thoughtfully refreshed living space, every room in this home reflects the care that's gone into making it feel both stylish and welcoming. Fresh paint, new flooring, and a clean modern feel greet you from the moment you walk in. The updated kitchen is the centerpiece — bright, functional, and ready for everything from busy school-morning chaos to weekend gatherings with family and friends. There's even room for a butcher block island when you're ready to make it truly yours. First-floor laundry keeps daily life simple. A convenient half bath handles guests without a second thought. And a massive attic with built-in shelving means you'll never fight for storage space again. Out back, the private deck is your personal escape — perfect for morning coffee, summer sunbathing, or watching the dog claim the fully fenced yard as their kingdom. Off-street parking adds everyday convenience that renters can only dream about. And then there's the neighborhood. You're one block from Hamburg Park — brand-new pickleball courts, a playground, a public pool, and walking and biking trails right outside your door. Restaurants, a movie theater, and grocery stores are all within easy reach. The schools are great. The community is real. But here's what makes Hamburg feel like home: every Labor Day weekend, Hamburger Fest sets up right outside your front door — the aromas, the music, the energy of a town that knows how to celebrate. And come Halloween, you'll have a front-row seat to the beloved Jack Frost Parade, a tradition that has delighted this neighborhood for generations. These aren't just events. They're the kind of moments that make you realize you didn't just buy a house — you bought a life. For the first-time buyer who's tired of paying someone else's mortgage and is ready to build something of their own — this is the one. Updated finishes. Modern kitchen. Fenced yard. Off-street parking. Top schools. A neighborhood with real character and a calendar full of community traditions. 243 State Street is move-in ready. Are you?

Key facts

• 2 parking spots
• Built 1890
• Listed 15 days

Property features AI

Finance

• Other: Fee simple ownership; Property condition listed as excellent; Approximately 1,752 finished above-grade area and 800 below-grade unfinished area (estimated)

Exterior

• Parking: Off-street parking for 2 vehicles (total 2 garage/parking spaces)
• Utilities: Public water; Public sewer; 100 amp electric service; Cable TV available; Phone available; Electric available
• Home design: Semi-detached home; Main entrance faces south; Effective year built 2026 (major renovation)
• Construction: Brick construction; Shingle roof; Concrete perimeter foundation; Replacement windows; Building not winterized; Estimated year built source
• Exterior features: Sidewalks; Street lights; Shed; Above-grade and below-grade structures; Not in a federal flood zone

Interior

• Kitchen: Built-in microwave; Built-in range; Dishwasher; Disposal; Refrigerator; Stainless steel appliances; Energy-efficient appliances
• Bedrooms: 3 bedrooms on the upper level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Hot water heating (oil-fired); Window cooling units
• Interior features: Attic; Ceiling fans; Eat-in kitchen; Upgraded countertops; Storm door(s); 9'+ ceilings; Carpeted areas
• Laundry & utility: Main floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $240k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $240k).
• Recommended offer: $236k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#529 in PA, #4,893 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D+, commute F.
• Hamburg Area SD (other): math 31% / reading 43% proficiency, ranked #377 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Tilden El Center (math 31% / reading 45%, grade F, #990 of 1,518 statewide, top 66%, 566 students, 54% FRL); Hamburg Area Middle School (math 18% / reading 39%, grade F, #395 of 512 statewide, top 78%, 477 students, 54% FRL); Hamburg Area Hs (math 62% / reading 10%, grade F, #300 of 437 statewide, top 70%, 714 students, 40% FRL) — zoned schools average 50% FRL vs 31% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 48 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 258 units permitted in Berks County in 2024 (27 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Berks County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $116k; list at $240k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $236,301 (1.5% below list)

Questions for the listing agent

1. Built in 1890 — 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. 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.
4. 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.
5. 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: 1.04% ✓
• Cap rate: 8.16%
• Cash-on-cash: 6.67%
• DSCR: 1.30
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $219,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
245 State St	0.00mi	2/1.5 (-1)	1,590 (-9%)	3mo	$195,000	$123	75
171 N 3rd St	0.23mi	3/1.5	1,818 (+4%)	10mo	$165,000	$91	73
228 N 4th St	0.32mi	3/1.5	1,650 (-6%)	7mo	$235,000	$142	67
220 S 3rd St	0.29mi	3/1.5	1,679 (-4%)	13mo	$212,000	$126	66
259 State St	0.02mi	3/2.0	1,932 (+10%)	14mo	$234,900	$122	66
507 Franklin St	0.32mi	4/1.0 (+1)	1,739 (-1%)	15mo	$189,900	$109	66
225 State St	0.03mi	4/1.5 (+1)	1,686 (-4%)	24mo	$215,000	$128	65
265 Port Clinton Ave	0.33mi	4/1.0 (+1)	1,887 (+8%)	9mo	$115,000	$61	59
502 S 5th St	0.60mi	3/1.5	1,686 (-4%)	12mo	$220,000	$130	54
218 S 3rd St	0.29mi	3/1.5	1,576 (-10%)	23mo	$180,000	$114	48
343 W State St	0.62mi	3/2.5	1,880 (+7%)	10mo	$260,000	$138	44
368 W State St	0.65mi	3/1.0	1,520 (-13%)	19mo	$190,000	$125	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.1%
• Equity multiple: 3.30×
• Total profit: $154,447
• Equity at exit: $216,121

10-year hold

• IRR: 25.3%
• Equity multiple: 7.49×
• Total profit: $436,120
• Equity at exit: $466,073

Cash invested: $67,172 (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 19526

• Home prices YoY: 4.6%
• Active inventory: 48
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$243 /mo · $2,922/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $373

Break-even live

Break-even rent $2,027

Max offer price $239,900

Occupancy floor 80%

Sensitivity live

Price	-10% $509	-5% $441	+0% $373	+5% $306	+10% $238
Rent	-10% $176	-5% $275	+0% $373	+5% $472	+10% $571
Rate	-1.0pp $494	-0.5pp $435	base $373	+0.5pp $311	+1.0pp $248

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26 Clayton Ave Hamburg, PA	4.0	2.0	2056	$2,500	$1.22	4d	1	1.02mi

Listing history 12 events

1. 2026-06-22
   days on market $239,900 Active 16 DOM
2. 2026-06-21
   days on market $239,900 Active 15 DOM
3. 2026-06-21
   days on market $239,900 Active 14 DOM
4. 2026-06-18
   days on market $239,900 Active 12 DOM
5. 2026-06-17
   days on market $239,900 Active 11 DOM
6. 2026-06-16
   days on market $239,900 Active 10 DOM
7. 2026-06-15
   days on market $239,900 Active 9 DOM
8. 2026-06-13
   days on market $239,900 Active 7 DOM
9. 2026-06-12
   days on market $239,900 Active 6 DOM
10. 2026-06-09
    days on market $239,900 Active 3 DOM
11. 2026-06-08
    days on market $239,900 Active 2 DOM
12. 2026-06-07
    listed $239,900 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: $2,922 · $243/mo
• Projected year-2 tax: $3,356 · $280/mo
• Expected delta: +$434/yr (+$36/mo · 14.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 8 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$13,438
• − Property taxes: −$2,922
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$6,979
• Taxable income: $662
• Est. tax owed @ 24.0%: −$159
• After-tax cash flow: $4,323/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: Hamburg Area SD
• NCES district ID: 4211340
• Math proficiency: 31% ▼ -12.00%
• Reading proficiency: 43% ▼ -15.00%
• Median HH income: $55,589
• Composite: 32.5/100
• National rank: #5705
• State rank: #377 of 539 in PA

Livability — Hamburg

• Score: 74/100
• State rank: #529
• US rank: #4893

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hamburg, PA
• Population (ZIP): 11,412

Population outlook (Berks County) Hauer SSP2

• Today (2025): 425,767 people
• By 2030: 428,814 · +0.7%
• By 2040: 433,463 · +1.8%
• By 2050: 439,426 · +3.2%
• By 2075: 478,647 · +12.4%
• By 2100: 518,507 · +21.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 6% Two or more races 3% Black 1%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Polish 7% Romanian 4% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Berks

• 2024 margin: R (+12.2) · D 43.4% · R 55.6%
• 2008→2024 swing: -21.4pp toward R · 2008: 9.2pp · 2024: -12.2pp
• All cycles: 2024: R+12.2 2020: R+8.2 2016: R+10.2 2012: R+0.6 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.13%
• Current HPI: 299.1168
• 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

+95.2% since first listed

11 events — show timeline

• 2026-06-06 Listed $239,900 BRIGHT MLS
• 2026-06-06 Listed $239,900 GLVRMLS
• 2019-04-16 Sold (Public Records) $116,000 Public Records
• 2019-03-29 Sold (MLS) $116,000 BRIGHT MLS
• 2019-02-25 Pending — BRIGHT MLS
• 2019-02-14 Contingent — BRIGHT MLS
• 2019-02-01 Price Changed $129,900 BRIGHT MLS
• 2018-11-16 Listed $132,900 BRIGHT MLS
• 2018-09-23 Listing Removed — BRIGHT MLS
• 2018-06-25 Price Changed $120,900 BRIGHT MLS
• 2018-03-28 Listed $122,900 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2026): $2,922 · +0.0% YoY. Source: county tax records.