334 E Walnut St E · Allentown, PA 18109

$234,900

4 bd · 2.0 ba · 1,621 sqft · SingleFamily public records · 30 Days on market

Built 1900 7,000 sqft lot Est $243k · at est.

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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 +14.7/30.0
• ARV discount +9.0/15.0
• DSCR +4.5/10.0
• Rent growth +4.1/5.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 BR, 2 full bath home being sold AS IS. Buyer is responsible for full 2% transfer tax.

Key facts

• 7,000 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Exterior

• Parking: Detached garage; On-street parking; 2-car garage
• Utilities: Public water; Public sewer
• Home design: 3 stories
• Construction: Aluminum siding; Asphalt/fiberglass roof; Full dirt-floor basement
• Exterior features: Estimated 0.161-acre lot; Zoned R-Mh (Medium High Density)

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: Bedroom on third level (8 x 12); Bedroom on second level (9 x 9); Bedroom on second level (10 x 12); Bedroom on second level (12 x 13)
• Flooring: Hardwood; Laminate; Resilient
• Bathrooms: Full bathroom on second level (6 x 8); Full bathroom on first level (5 x 7); Total of 2 full bathrooms
• Heating & cooling: Gas heating; Ceiling fan(s); Wall/window unit(s)
• Interior features: Eat-in kitchen
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $61 ($734/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 $212k (9.8% below list).
• Recommended offer: $212k (9.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.3% in Allentown — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+6.6%/yr); 58 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 44% of the median local income ($58k/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 30 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y 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 $86k; list at $235k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $211,809 (9.8% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.12%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $243,150
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
334 E Walnut St E	0.00mi	4/2.0	1,621 (0%)	1mo	$232,500	$143	99
423 E Walnut St	0.07mi	3/1.0 (-1)	1,392 (-14%)	9mo	$190,000	$136	57
40 N Wood St	0.70mi	4/1.0	1,536 (-5%)	3mo	$230,000	$150	52
314 E Union St	0.08mi	3/1.5 (-1)	1,848 (+14%)	22mo	$265,000	$143	48
952 E Union St	0.51mi	3/2.0 (-1)	1,757 (+8%)	12mo	$345,000	$196	47
825 E Chew St	0.52mi	3/2.0 (-1)	1,416 (-13%)	24mo	$353,000	$249	30

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 · 6.57% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.60×
• Total profit: $-26,263
• Equity at exit: $35,024

10-year hold

• IRR: 3.1%
• Equity multiple: 1.26×
• Total profit: $17,053
• 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 18109

• Home prices YoY: -21.9%
• Rents YoY: 6.6%
• Active inventory: 58
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,118 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$282 /mo · $3,389/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $61

Break-even live

Break-even rent $2,041

Max offer price $234,900

Occupancy floor 92%

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 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
230 E Fairview St Allentown, PA	3.0	2.0	1414	$2,300	$1.63	23d	1	0.20mi
450 Hanover Ave Allentown, PA	5.0	1.0	1692	$2,200	$1.30	23d	1	0.34mi
452 Hanover Ave Allentown, PA	3.0	1.0	1917	$2,350	$1.23	19d	1	0.34mi
111 Ridge Ave Allentown, PA	4.0	1.0	1658	$1,650	$1.00	43d	1	0.66mi
132 Chew St Allentown, PA	3.0	1.0	1160	$1,995	$1.72	14d	1	0.71mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,700	$1.22	23d	1	0.72mi
208 Ridge Ave Allentown, PA	4.0	1.0	1396	$1,600	$1.15	2d	1	0.72mi
743 N Halstead St Allentown, PA	3.0	1.0	1356	$1,800	$1.33	2d	1	0.87mi
213 Chew St Allentown, PA	5.0	1.0	1725	$2,100	$1.22	43d	1	0.87mi
630 N Front St Allentown, PA	4.0	1.0	1912	$1,900	$0.99	23d	1	0.92mi
164 W Tilghman St Allentown, PA	5.0	2.0	1801	$2,250	$1.25	23d	1	1.02mi
389 W Turner St Allentown, PA	4.0	1.5	2144	$2,400	$1.12	2d	1	1.04mi
314 Barber St Lot 35 Allentown, PA	3.0	2.5	1525	$2,450	$1.61	19d	1	1.05mi
177 W Tilghman St Allentown, PA	3.0	1.5	1800	$1,650	$0.92	2d	1	1.06mi
605 E Susquehanna St Allentown, PA	3.0	1.0	1092	$2,500	$2.29	14d	1	1.16mi
407 N 4th St Allentown, PA	3.0	1.5	1321	$1,550	$1.17	23d	1	1.17mi
517 Elliger St Allentown, PA	3.0	1.5	1235	$1,700	$1.38	23d	1	1.20mi
395 W Allen St Allentown, PA	3.0	1.0	1344	$1,800	$1.34	23d	1	1.26mi
1111 Fullerton Ave Allentown, PA	5.0	1.5	1670	$2,200	$1.32	43d	1	1.35mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	14d	1	1.37mi
626 Oak St Allentown, PA	3.0	1.0	1396	$1,900	$1.36	43d	1	1.39mi
622 W Chew St Unit 2 Allentown, PA	3.0	1.0	1161	$1,600	$1.38	19d	1	1.40mi
528 N 6th St Allentown, PA	3.0	1.0	1934	$1,800	$0.93	43d	1	1.46mi
347 N 7th St Apt 3 Allentown, PA	3.0	1.0	1200	$1,500	$1.25	43d	1	1.47mi
644 Lehigh St Allentown, PA	3.0	1.0	1714	$2,250	$1.31	43d	1	1.48mi
535 Tilghman St Unit 2ND Allentown, PA	4.0	2.0	1500	$1,750	$1.17	2d	1	1.50mi

Listing history 14 events

1. 2026-04-30
   status Pending
2. 2026-04-08
   status Active
3. 2026-03-08
   listed $234,900 Active
4. 2008-10-15
   soldstatus $86,295 87-char remark

   Show marketing remark (87 chars)

   4 BR, 2 full bath home being sold AS IS. Buyer is responsible for full 2% transfer tax.

5. 2008-04-28
   listed $85,000 87-char remark

   Show marketing remark (87 chars)

   4 BR, 2 full bath home being sold AS IS. Buyer is responsible for full 2% transfer tax.

6. 2007-09-29
   historical
7. 2007-07-02
   listed $145,900
8. 2007-06-06
   historical
9. 2007-03-15
   historical
10. 2007-03-15
    listed $169,900
11. 2006-09-15
    listed $169,900
12. 2006-05-22
    soldstatus $139,900
13. 2006-05-15
    soldstatus $139,900
14. 2005-12-19
    listed $139,900

ⓘ 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: $3,389 · $282/mo
• Projected year-2 tax: $3,550 · $296/mo
• Expected delta: +$161/yr (+$13/mo · 4.8%)

ⓘ 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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,417
• − Mortgage interest: −$13,158
• − Property taxes: −$3,389
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,033
• − Management: −$2,033
• − Depreciation: −$6,833
• Taxable loss: −$3,205
• Est. tax savings @ 24.0%: +$769
• After-tax cash flow: $1,503/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): 18,446
• Household income: $58,031
• Rent vs Own: 47.9% rent · 52.1% own
• Severe rent burden: 898.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 55% White 33% Two or more races 15% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 27% Cuban 1% Dominican 18%
• Common ancestry: Hispanic 2% Romanian 1% Polish 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 53% English-only · Spanish 37% Arabic 6% French/Haitian/Cajun 2%

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: ▼ -96.00%
• Current HPI: 342.9027
• Rent YoY: ▲ 6.57%
• 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

+67.9% since first listed

14 events — show timeline

• 2026-04-30 Pending — GLVRMLS
• 2026-04-08 Relisted — GLVRMLS
• 2026-03-08 Listed $234,900 GLVRMLS
• 2008-10-15 Sold (MLS) $86,295 GLVRMLS
• 2008-04-28 Listed $85,000 GLVRMLS
• 2007-09-29 Listing Removed — GLVRMLS
• 2007-07-02 Listed $145,900 GLVRMLS
• 2007-06-06 Listing Removed — GLVRMLS
• 2007-03-15 Listed $169,900 GLVRMLS
• 2007-03-15 Listing Removed — GLVRMLS
• 2006-09-15 Listed $169,900 GLVRMLS
• 2006-05-22 Sold (Public Records) $139,900 Public Records
• 2006-05-15 Sold (MLS) $139,900 GLVRMLS
• 2005-12-19 Listed $139,900 GLVRMLS

Property tax history

-2.9%/yr

Latest (2026): $3,389 · +1.0% YoY. Source: county tax records.