1514 W Philadelphia St · West York, PA 17404

$194,900

3 bd · 1.0 ba · 1,280 sqft · MultiFamily public records · 5 Days on market

Built 1925 4,400 sqft lot Est $131k · 49% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.1/5.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Tons of House for an AMAZING Price$$$ This 4 Bedroom 1 Bath Home in West York School District has been COMPLETELY updated and is ready for a new owner!!! Located in a Popular Part of Town Close to so everything the West End has to offer :) This All Brick home is PERFECT for so many different buyer types. Inside the Modern Updates give this timeless classic all the more appeal! Updated Windows, HVAC, Flooring and Custom Kitchen just to name a few. The Completely updated Kitchen is something not typically seen in a home in this price point. Equipped with Brand New Cabinets, Stainless Steel Appliances, Subway Tile Backsplash and Granite Countertops. You are going to love coming home each day to prepare the meals for friends and family. The Backyard is Large and In Charge and also backs up to its very own 1 car garage. All 4 bedrooms are of Good Size with 3 on the second floor and a 4th on the 3rd Floor. Unfinished basement can be used for so many additional possibilities depending on what you are into. This is the IDEAL opportunity to purchase a great home in a WONDERFUL neighborhood and enjoy Home Ownership$$$ Schedule your showing Today!!!

Key facts

• Built 1925
• Listed 5 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath multifamily listed at $195k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $195k).
• Cap rate 15.1% vs local median 3.8% in West York — 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 74/100 on livability (#488 in PA, #4,486 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment D, amenities F, commute F.
• West York Area SD (suburban): math 29% / reading 45% proficiency, ranked #379 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West York Area Ms (math 19% / reading 44%, grade F, #367 of 512 statewide, top 73%, 675 students, 53% FRL); West York Area Hs (math 57% / reading 30%, grade F, #213 of 437 statewide, top 49%, 869 students, 49% FRL).
• Market conditions: Rents rising fast (+6.4%/yr); 249 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,328 units permitted in York County in 2024 (338 in 5+ unit buildings).
• At $3,706/mo this rent would consume 57% of the median local household income ($79k/yr) (locally 722% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.4% rent growth), your $55k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y 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: flood insurance adds $56/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood 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 $194,900

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.90% ✓
• Cap rate: 15.15%
• Cash-on-cash: 31.62%
• DSCR: 2.41
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $130,560
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
931 W Poplar St	0.74mi	4/— (+1)	1,270 (-1%)	11mo	$130,000	$102	50

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 · 6.38% rent growth · sell at horizon

5-year hold

• IRR: 29.2%
• Equity multiple: 2.28×
• Total profit: $69,669
• Equity at exit: $29,060

10-year hold

• IRR: 38.6%
• Equity multiple: 5.25×
• Total profit: $232,079
• Equity at exit: $16,851

Cash invested: $54,572 (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 17404

• Rents YoY: 6.4%
• Active inventory: 249
• Price-to-rent: 17.5×

Monthly cashflow live

• Estimated rent: $3,706 medium
• Mortgage (P&I): −$1,022
• Tax from tax record: −$387 /mo · $4,639/yr
• Insurance: −$81
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$778
• Net cashflow: $1,382

Break-even live

Break-even rent $1,956

Max offer price $194,900

Occupancy floor 58%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	1	1	$3,704
Total (4 units)			$3,706

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1627 Filbert St York, PA	3.0	1.0	1193	$1,395	$1.17	21d	1	0.17mi
1410 Monroe St Ste M West York, PA	2.0	1.0	1100	$1,195	$1.09	21d	1	0.25mi
50 S Highland Ave York, PA	2.0–3.0	1.0–1.5	1015	$1,394	$1.37	14d	1	0.26mi
1559 W King St Unit 2 West York, PA	3.0	1.0	1020	$1,250	$1.23	14d	1	0.37mi
813 Madison Ave York, PA	2.0	1.5	1100	$1,175	$1.07	14d	1	0.69mi
101 N Forrest St York, PA	3.0	1.0	1340	$1,695	$1.26	21d	1	0.72mi
925 W College Ave York, PA	4.0	1.0	1660	$1,425	$0.86	14d	1	0.84mi
200 Weldon Dr York, PA	1.0–2.0	1.0–2.0	993	$1,800	$1.81	14d	10	0.97mi
132 N West St York, PA	4.0	1.0	1560	$1,600	$1.03	14d	1	0.99mi
588 Company St York, PA	3.0	1.5	1416	$1,475	$1.04	44d	1	1.03mi
648 W College Ave York, PA	3.0	1.0	1100	$1,275	$1.16	44d	1	1.08mi
631 Roosevelt Ave Unit 2 York, PA	3.0	1.0	1170	$1,150	$0.98	14d	1	1.11mi
720 Elm Ter York, PA	3.0	1.5	1200	$1,950	$1.62	21d	1	1.16mi
450 Madison Ave York, PA	1.0–2.0	1.0	862	$1,250	$1.45	14d	1	1.18mi
231 Roosevelt Ave York, PA	3.0	1.5	1584	$1,750	$1.10	14d	1	1.24mi
216 Park Pl York, PA	4.0	1.0	1192	$1,350	$1.13	14d	1	1.28mi
466 W College Ave York, PA	3.0	1.0	1068	$1,295	$1.21	44d	1	1.34mi
1060 Crest Way York, PA	1.0–2.0	1.0–2.0	1033	$1,850	$1.79	44d	1	1.34mi
1060 Crest Way York, PA	2.0	2.0	1251	$1,850	$1.48	14d	1	1.34mi
314 W Gay Ave York, PA	3.0	1.0	1060	$1,250	$1.18	21d	1	1.46mi
537 W Jackson St York, PA	3.0	2.0	1795	$1,795	$1.00	14d	1	1.49mi

Listing history 12 events

1. 2026-04-24
   status Pending
2. 2026-04-20
   listed $194,900 Active
3. 2026-04-07
   historical $194,900
4. 2022-11-03
   soldstatus $185,000
5. 2022-10-31
   soldstatus $185,000 Closed 1159-char remark

   Show marketing remark (1159 chars)

   Tons of House for an AMAZING Price$$$ This 4 Bedroom 1 Bath Home in West York School District has been COMPLETELY updated and is ready for a new owner!!! Located in a Popular Part of Town Close to so everything the West End has to offer :) This All Brick home is PERFECT for so many different buyer types. Inside the Modern Updates give this timeless classic all the more appeal! Updated Windows, HVAC, Flooring and Custom Kitchen just to name a few. The Completely updated Kitchen is something not typically seen in a home in this price point. Equipped with Brand New Cabinets, Stainless Steel Appliances, Subway Tile Backsplash and Granite Countertops. You are going to love coming home each day to prepare the meals for friends and family. The Backyard is Large and In Charge and also backs up to its very own 1 car garage. All 4 bedrooms are of Good Size with 3 on the second floor and a 4th on the 3rd Floor. Unfinished basement can be used for so many additional possibilities depending on what you are into. This is the IDEAL opportunity to purchase a great home in a WONDERFUL neighborhood and enjoy Home Ownership$$$ Schedule your showing Today!!!

6. 2022-09-30
   status Pending 1159-char remark

   Show marketing remark (1159 chars)

   Tons of House for an AMAZING Price$$$ This 4 Bedroom 1 Bath Home in West York School District has been COMPLETELY updated and is ready for a new owner!!! Located in a Popular Part of Town Close to so everything the West End has to offer :) This All Brick home is PERFECT for so many different buyer types. Inside the Modern Updates give this timeless classic all the more appeal! Updated Windows, HVAC, Flooring and Custom Kitchen just to name a few. The Completely updated Kitchen is something not typically seen in a home in this price point. Equipped with Brand New Cabinets, Stainless Steel Appliances, Subway Tile Backsplash and Granite Countertops. You are going to love coming home each day to prepare the meals for friends and family. The Backyard is Large and In Charge and also backs up to its very own 1 car garage. All 4 bedrooms are of Good Size with 3 on the second floor and a 4th on the 3rd Floor. Unfinished basement can be used for so many additional possibilities depending on what you are into. This is the IDEAL opportunity to purchase a great home in a WONDERFUL neighborhood and enjoy Home Ownership$$$ Schedule your showing Today!!!

7. 2022-09-25
   listed $179,900 Active 1159-char remark

   Show marketing remark (1159 chars)

   Tons of House for an AMAZING Price$$$ This 4 Bedroom 1 Bath Home in West York School District has been COMPLETELY updated and is ready for a new owner!!! Located in a Popular Part of Town Close to so everything the West End has to offer :) This All Brick home is PERFECT for so many different buyer types. Inside the Modern Updates give this timeless classic all the more appeal! Updated Windows, HVAC, Flooring and Custom Kitchen just to name a few. The Completely updated Kitchen is something not typically seen in a home in this price point. Equipped with Brand New Cabinets, Stainless Steel Appliances, Subway Tile Backsplash and Granite Countertops. You are going to love coming home each day to prepare the meals for friends and family. The Backyard is Large and In Charge and also backs up to its very own 1 car garage. All 4 bedrooms are of Good Size with 3 on the second floor and a 4th on the 3rd Floor. Unfinished basement can be used for so many additional possibilities depending on what you are into. This is the IDEAL opportunity to purchase a great home in a WONDERFUL neighborhood and enjoy Home Ownership$$$ Schedule your showing Today!!!

8. 2022-09-22
   historical $179,900 1159-char remark

   Show marketing remark (1159 chars)

   Tons of House for an AMAZING Price$$$ This 4 Bedroom 1 Bath Home in West York School District has been COMPLETELY updated and is ready for a new owner!!! Located in a Popular Part of Town Close to so everything the West End has to offer :) This All Brick home is PERFECT for so many different buyer types. Inside the Modern Updates give this timeless classic all the more appeal! Updated Windows, HVAC, Flooring and Custom Kitchen just to name a few. The Completely updated Kitchen is something not typically seen in a home in this price point. Equipped with Brand New Cabinets, Stainless Steel Appliances, Subway Tile Backsplash and Granite Countertops. You are going to love coming home each day to prepare the meals for friends and family. The Backyard is Large and In Charge and also backs up to its very own 1 car garage. All 4 bedrooms are of Good Size with 3 on the second floor and a 4th on the 3rd Floor. Unfinished basement can be used for so many additional possibilities depending on what you are into. This is the IDEAL opportunity to purchase a great home in a WONDERFUL neighborhood and enjoy Home Ownership$$$ Schedule your showing Today!!!

9. 2022-08-01
   soldstatus $125,000
10. 2022-07-12
    soldstatus $470,000
11. 2001-06-06
    soldstatus $81,900
12. 1989-07-13
    soldstatus $59,000

ⓘ 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: $4,639 · $387/mo
• Projected year-2 tax: $4,639 · $387/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,472
• − Mortgage interest: −$10,917
• − Property taxes: −$4,639
• − Insurance: −$1,641
• − Repairs & maintenance: −$3,558
• − Management: −$3,558
• − Depreciation: −$5,670
• Taxable income: $14,490
• Est. tax owed @ 24.0%: −$3,477
• After-tax cash flow: $13,111/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: West York Area SD
• NCES district ID: 4225980
• Math proficiency: 29% ▼ -8.00%
• Reading proficiency: 45% ▼ -12.00%
• Median HH income: $54,375
• Composite: 32.36/100
• National rank: #5736
• State rank: #379 of 539 in PA

Livability — West York

• Score: 74/100
• State rank: #488
• US rank: #4486

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West York, PA
• County: York County · 278,806 people
• City population: 184,764
• Metro: York-Hanover, PA
• Population (ZIP): 39,374
• Household income: $78,506
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 722.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Black 12% Two or more races 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Dominican 4%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 12% Russian/Polish/Slavic 1%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -135.44%
• Current HPI: 237.5683
• Rent YoY: ▲ 6.38%
• Metro: York-Hanover, 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

+230.3% since first listed

12 events — show timeline

• 2026-04-24 Pending — BRIGHT MLS
• 2026-04-20 Listed $194,900 BRIGHT MLS
• 2026-04-07 Coming Soon $194,900 BRIGHT MLS
• 2022-11-03 Sold (Public Records) $185,000 Public Records
• 2022-10-31 Sold (MLS) $185,000 BRIGHT MLS
• 2022-09-30 Pending — BRIGHT MLS
• 2022-09-25 Listed $179,900 BRIGHT MLS
• 2022-09-22 Coming Soon $179,900 BRIGHT MLS
• 2022-08-01 Sold (Public Records) $125,000 Public Records
• 2022-07-12 Sold (Public Records) $470,000 Public Records
• 2001-06-06 Sold (Public Records) $81,900 Public Records
• 1989-07-13 Sold (Public Records) $59,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $4,639 · +5.7% YoY. Source: county tax records.