303 S Front St · Steelton, PA 17113

$170,000

4 bd · 2.0 ba · 1,785 sqft · SingleFamily public records · 35 Days on market

Built 1900 1,307 sqft lot $95/sqft · 21% below area Est $220k · 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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Income-producing duplex — two fully rented residential units plus two storage units that can generate additional monthly revenue. This row-style property features a first-floor studio apartment and a spacious second-floor unit, both with tenants in place for a seamless Day-One cash flow. The property's low tax burden strengthens your return. The neighboring duplex at 305 South Front Street is also available for sale, creating a rare opportunity to acquire side-by-side income properties in a single move. Located in the heart of Steelton along the Susquehanna River corridor, you're minutes from Naples Pizza, Herby's El Mexicano, and the walking paths at Cibort Park. Steelton-Highspire School District. Schedule your showing today! This seller is selling 303 and 305 S Front St, 517 N Front ST, and 234 Locust St

Key facts

• 1,307 sq ft lot
• Built 1900
• Listed 35 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $135 ($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 $162k (4.6% below list).
• Recommended offer: $162k (4.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#971 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, schools F, crime F.
• Steelton-Highspire SD (suburban): math 2% / reading 9% proficiency, ranked #538 of 539 in PA (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 68 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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 $120k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,159 (4.6% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
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: 0.95% ✗
• Cap rate: 7.64%
• Cash-on-cash: 4.81%
• DSCR: 1.21
• GRM: 8.7

CMA / ARV

• ARV (median comp): $219,604
• List price: $170,000
• Delta: -22.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
381 S 7th St	0.38mi	3/2.0 (-1)	1,750 (-2%)	1mo	$233,500	$133	73
444 2nd St	0.46mi	4/1.5	1,782 (-0%)	9mo	$215,000	$121	69
458 Highland St	0.40mi	3/1.5 (-1)	1,870 (+5%)	4mo	$237,000	$127	63
204 Reading St	0.53mi	3/2.5 (-1)	1,789 (+0%)	8mo	$295,900	$165	61
629 Pine St	0.58mi	4/1.5	1,798 (+1%)	12mo	$224,000	$125	60
218 Elm St	0.20mi	5/3.0 (+1)	1,971 (+10%)	6mo	$285,000	$145	59
402 Spruce St	0.23mi	5/2.0 (+1)	2,024 (+13%)	6mo	$197,000	$97	57
724 Dunkle St	0.62mi	3/2.0 (-1)	1,837 (+3%)	7mo	$265,000	$144	56
711 Pine St	0.61mi	3/1.0 (-1)	1,867 (+5%)	6mo	$225,000	$121	49
523 3rd St	0.54mi	3/2.0 (-1)	2,039 (+14%)	6mo	$250,000	$123	41
671 Woodview St	0.72mi	3/2.0 (-1)	1,650 (-8%)	11mo	$259,000	$157	40
821 Dunkle St	0.72mi	3/1.5 (-1)	1,916 (+7%)	10mo	$215,525	$112	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.60×
• Total profit: $-18,938
• Equity at exit: $25,348

10-year hold

• IRR: -1.7%
• Equity multiple: 0.89×
• Total profit: $-5,386
• Equity at exit: $14,698

Cash invested: $47,600 (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 17113

• Home prices YoY: -16.3%
• Active inventory: 68
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,622 high
• Mortgage (P&I): −$891
• Tax from tax record: −$128 /mo · $1,537/yr
• Insurance: −$71
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $135

Break-even live

Break-even rent $1,451

Max offer price $170,000

Occupancy floor 87%

Sensitivity live

Price	-10% $231	-5% $183	+0% $135	+5% $87	+10% $39
Rent	-10% $7	-5% $71	+0% $135	+5% $199	+10% $263
Rate	-1.0pp $221	-0.5pp $178	base $135	+0.5pp $91	+1.0pp $46

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
640 S 2nd St Steelton, PA	3.0	1.5	1290	$1,400	$1.09	24d	1	0.47mi
316 N 2nd St Steelton, PA	3.0	1.5	1524	$1,600	$1.05	14d	1	0.63mi
314 Lincoln St Steelton, PA	3.0	1.0	1264	$1,595	$1.26	14d	1	0.64mi
508 N 2nd St Steelton, PA	3.0	1.5	1360	$1,450	$1.07	14d	1	0.77mi
465 Sunday Dr Harrisburg, PA	3.0	2.5	1540	$1,895	$1.23	14d	1	0.87mi

Listing history 16 events

1. 2026-04-16
   listed $170,000 Active 824-char remark

   Show marketing remark (824 chars)

   Income-producing duplex — two fully rented residential units plus two storage units that can generate additional monthly revenue. This row-style property features a first-floor studio apartment and a spacious second-floor unit, both with tenants in place for a seamless Day-One cash flow. The property's low tax burden strengthens your return. The neighboring duplex at 305 South Front Street is also available for sale, creating a rare opportunity to acquire side-by-side income properties in a single move. Located in the heart of Steelton along the Susquehanna River corridor, you're minutes from Naples Pizza, Herby's El Mexicano, and the walking paths at Cibort Park. Steelton-Highspire School District. Schedule your showing today! This seller is selling 303 and 305 S Front St, 517 N Front ST, and 234 Locust St

2. 2026-04-09
   historical $170,000 824-char remark

   Show marketing remark (824 chars)

   Income-producing duplex — two fully rented residential units plus two storage units that can generate additional monthly revenue. This row-style property features a first-floor studio apartment and a spacious second-floor unit, both with tenants in place for a seamless Day-One cash flow. The property's low tax burden strengthens your return. The neighboring duplex at 305 South Front Street is also available for sale, creating a rare opportunity to acquire side-by-side income properties in a single move. Located in the heart of Steelton along the Susquehanna River corridor, you're minutes from Naples Pizza, Herby's El Mexicano, and the walking paths at Cibort Park. Steelton-Highspire School District. Schedule your showing today! This seller is selling 303 and 305 S Front St, 517 N Front ST, and 234 Locust St

3. 2025-01-23
   historical $100
4. 2024-09-25
   listed $100
5. 2023-09-02
   historical $100
6. 2023-08-31
   listed $100
7. 2022-11-17
   soldstatus $120,000
8. 2022-11-16
   soldstatus $120,000 Closed 433-char remark

   Show marketing remark (433 chars)

   Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

9. 2022-10-07
   status Pending 433-char remark

   Show marketing remark (433 chars)

   Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

10. 2022-09-28
    price $131,900 433-char remark

    Show marketing remark (433 chars)

    Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

11. 2022-08-19
    price $132,900 433-char remark

    Show marketing remark (433 chars)

    Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

12. 2022-07-29
    price $133,900 433-char remark

    Show marketing remark (433 chars)

    Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

13. 2022-06-30
    listed $134,900 Active 433-char remark

    Show marketing remark (433 chars)

    Excellent cash flow and investment opportunity! 2 unit-property with 1 garage available now. 1st floor studio/1 bath rented to a 20+ year tenant - market rent $745 and 2nd floor 3 bedroom/1 bath are long-term tenant occupied - current rent $815 market rent - $1095. Garage is vacant, market rent $95. Don’t delay! Schedule your visit today. Listing Agent is related to seller. Owner will hold 2nd mortgage to a qualified buyer!

14. 2021-10-06
    status Pending
15. 2021-10-06
    historical
16. 2021-09-08
    listed $1,200,000 Active

ⓘ 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: $1,537 · $128/mo
• Projected year-2 tax: $2,112 · $176/mo
• Expected delta: +$574/yr (+$48/mo · 37.4%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $19,459
• − Mortgage interest: −$9,523
• − Property taxes: −$1,537
• − Insurance: −$1,516
• − Repairs & maintenance: −$1,557
• − Management: −$1,557
• − Depreciation: −$4,945
• Taxable loss: −$1,176
• Est. tax savings @ 24.0%: +$282
• After-tax cash flow: $1,903/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: Steelton-Highspire SD
• NCES district ID: 4222800
• Math proficiency: 2% ▼ -4.00%
• Reading proficiency: 9% ▼ -12.00%
• Median HH income: $40,685
• Composite: 4.98/100
• National rank: #10040
• State rank: #538 of 539 in PA

Livability — Steelton

• Score: 67/100
• State rank: #971
• US rank: #10606

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steelton, PA
• County: Dauphin County · 247,857 people
• City population: 19,401
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 11,724
• Household income: $68,244
• Rent vs Own: 37.6% rent · 62.4% own
• Severe rent burden: 338.0

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 48% Hispanic / Latino 24% Black 22% Two or more races 19% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 11% Cuban 2%
• Common ancestry: Romanian 1% Lithuanian 1% Iranian 1%
• Foreign-born: 7% · Canada, India
• Languages at home: 80% English-only · Spanish 17% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.73%
• Current HPI: 281.6906
• Rent YoY: —
• Metro: Harrisburg-Carlisle, 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

-85.8% since first listed

16 events — show timeline

• 2026-04-16 Listed $170,000 BRIGHT MLS
• 2026-04-09 Coming Soon $170,000 BRIGHT MLS
• 2025-01-23 Rental Removed $100 RENT.
• 2024-09-25 Listed for Rent $100 RENT.
• 2023-09-02 Rental Removed $100 LEASESTAR
• 2023-08-31 Listed for Rent $100 LEASESTAR
• 2022-11-17 Sold (Public Records) $120,000 Public Records
• 2022-11-16 Sold (MLS) $120,000 BRIGHT MLS
• 2022-10-07 Pending — BRIGHT MLS
• 2022-09-28 Price Changed $131,900 BRIGHT MLS
• 2022-08-19 Price Changed $132,900 BRIGHT MLS
• 2022-07-29 Price Changed $133,900 BRIGHT MLS
• 2022-06-30 Listed $134,900 BRIGHT MLS
• 2021-10-06 Pending — BRIGHT MLS
• 2021-10-06 Listing Removed — BRIGHT MLS
• 2021-09-08 Listed $1,200,000 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2026): $1,537 · +7.2% YoY. Source: county tax records.