2638 Lexington St · Harrisburg, PA 17110

$98,500

3 bd · 1.0 ba · 1,376 sqft · Townhouse public records · 33 Days on market

Built 1926 1,307 sqft lot $72/sqft · at area comps Est $99k · at est.

---

Why this score? — see what drove the B- 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
• ARV discount +7.9/15.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Investment opportunity in Harrisburg! This duplex at 2638 Lexington Street offers great potential for investors or buyers looking to renovate and build equity. The home features three bedrooms and one full bath, along with a spacious living room and a separate dining room. Enjoy the enclosed front porch and a fenced-in backyard. Conveniently located within walking distance to Camp Curtin Middle School and Italian Lake, this property is ideally situated near local amenities. Please note: The home is being sold strictly as-is and requires significant repairs. Exercise caution when touring the property.

Key facts

• Fenced-in backyard
• Enclosed front porch
• Near local amenities

Tags

• ENCLOSED FRONT PORCH
• FENCED-IN BACKYARD
• NEAR LOCAL AMENITIES

Property features AI

Finance

• Other: Ownership is fee simple; Assessed values and tax details available (financial specifics excluded)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Semi-detached structure
• Construction: Brick construction; Stone foundation; Above-grade and below-grade structures; Built year source: Assessor
• Exterior features: Porch(es) and deck(s)

Interior

• Kitchen: Kitchen (appliance details not provided)
• Bedrooms: Three bedrooms on the first upper level (total 3 bedrooms)
• Bathrooms: One full bathroom (on upper level)
• Heating & cooling: Radiator heating; Natural gas for heating and hot water; 100 Amp electric service
• Interior features: 6 total rooms; Living room and dining room; Basement with interior access and outside entrance; Basement is unfinished; Not in a federal flood zone
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $98k.

Deal economics

• At list price, monthly cash flow is $563 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $98k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 6.6% in Harrisburg — 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 84/100 on livability (#107 in PA, #826 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Harrisburg City SD (urban): math 6% / reading 13% proficiency, ranked #535 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Harrisburg Hs (math 24% / reading 10%, grade F, #399 of 437 statewide, top 92%, 1,230 students, 100% FRL) — zoned schools average 100% FRL vs 82% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 170 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $681 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts 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 $65k; list at $98k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $95,545 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.62% ✓
• Cap rate: 13.15%
• Cash-on-cash: 24.48%
• DSCR: 2.09
• GRM: 5.1

CMA / ARV

• ARV (median comp): $99,460
• List price: $98,500
• Delta: -0.97%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
619 Geary St	0.10mi	4/1.0 (+1)	1,372 (-0%)	1mo	$130,000	$95	89
652 Seneca St	0.34mi	3/1.0	1,396 (+2%)	4mo	$150,000	$107	79
2636 Reel St	0.04mi	3/1.0	1,232 (-10%)	3mo	$36,000	$29	78
625 Oxford St	0.26mi	4/1.0 (+1)	1,332 (-3%)	1mo	$94,000	$71	77
2234 N 5th St	0.47mi	3/1.0	1,380 (+0%)	4mo	$115,000	$83	75
2347 N 4th St	0.34mi	2/1.0 (-1)	1,420 (+3%)	0mo	$155,900	$110	74
2414 Reel St	0.28mi	4/1.5 (+1)	1,522 (+11%)	3mo	$168,500	$111	60
2447 N 2nd St	0.43mi	3/1.5	1,540 (+12%)	3mo	$230,000	$149	55
409 Emerald St	0.45mi	3/1.5	1,535 (+12%)	4mo	$140,000	$91	54
3211 N 4th St	0.65mi	4/1.0 (+1)	1,470 (+7%)	1mo	$185,000	$126	52
3161 N 6th St	0.60mi	3/1.5	1,216 (-12%)	1mo	$104,000	$86	50
3227 N 4th St	0.69mi	4/1.5 (+1)	1,530 (+11%)	3mo	$144,000	$94	40

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 · 1.55% rent growth · sell at horizon

5-year hold

• IRR: 16.2%
• Equity multiple: 1.64×
• Total profit: $17,605
• Equity at exit: $14,687

10-year hold

• IRR: 23.7%
• Equity multiple: 2.90×
• Total profit: $52,452
• Equity at exit: $8,516

Cash invested: $27,580 (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 17110

• Rents YoY: 1.6%
• Active inventory: 170
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,597 high
• Mortgage (P&I): −$517
• Tax from tax record: −$142 /mo · $1,702/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $563

Break-even live

Break-even rent $885

Max offer price $98,500

Occupancy floor 60%

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: $24,625
• Closing costs: $2,955
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 Radnor St Harrisburg, PA	4.0	1.0	1498	$1,600	$1.07	44d	1	0.05mi
2715 N 6th St Harrisburg, PA	4.0	1.0	1620	$1,650	$1.02	14d	1	0.14mi
2728 N 6th St Harrisburg, PA	4.0	2.0	1786	$1,750	$0.98	14d	1	0.15mi
2615 Waldo St Harrisburg, PA	3.0	1.0	1400	$1,095	$0.78	44d	1	0.23mi
2406 Reel St Harrisburg, PA	4.0	1.0	1500	$1,395	$0.93	44d	1	0.28mi
2801 N 2nd St Apt A2 Harrisburg, PA	3.0	1.5	1200	$1,495	$1.25	44d	1	0.40mi
339 Emerald St Harrisburg, PA	3.0	1.5	1420	$1,650	$1.16	14d	1	0.45mi
3003 Pennwood Rd Harrisburg, PA	3.0	1.0	900	$1,395	$1.55	14d	1	0.45mi
2235 Logan St Harrisburg, PA	3.0	1.0	1406	$1,495	$1.06	44d	1	0.50mi
2301 N 2nd St Harrisburg, PA	2.0	1.5	1325	$1,595	$1.20	44d	1	0.54mi
2210 N 3rd St Unit 4 Harrisburg, PA	2.0	1.0	1330	$1,395	$1.05	14d	1	0.55mi
325 Woodbine St Harrisburg, PA	2.0	1.0	1706	$1,350	$0.79	23d	1	0.57mi
2118 N 4th St Harrisburg, PA	4.0	1.0	1383	$1,595	$1.15	44d	1	0.61mi
2153 Penn St Harrisburg, PA	4.0	2.0	1620	$1,995	$1.23	44d	1	0.65mi
2042 N 4th St Harrisburg, PA	3.0	1.0	1090	$1,400	$1.28	44d	1	0.69mi
3216 Green St Harrisburg, PA	4.0	2.0	1550	$2,200	$1.42	14d	1	0.74mi
2032 Susquehanna St Harrisburg, PA	4.0	1.5	1600	$1,595	$1.00	44d	1	0.75mi
269 Peffer St Harrisburg, PA	2.0	1.0	1000	$1,195	$1.20	44d	1	0.81mi
1909 N 4th St Harrisburg, PA	2.0	1.0	1000	$1,240	$1.24	44d	1	0.81mi
1841 N 4th St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	23d	1	0.85mi
1841 N 3rd St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	14d	1	0.88mi
640 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,650	$1.28	44d	1	0.91mi
644 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,295	$1.00	44d	1	0.91mi
1839 Green St Harrisburg, PA	1.0–2.0	1.0	815	$1,595	$1.96	14d	1	0.92mi
1834 Green St Harrisburg, PA	4.0	1.0	1792	$1,495	$0.83	23d	1	0.92mi
1821 N 2nd St Unit 2 Harrisburg, PA	2.0	1.0	1000	$1,299	$1.30	14d	1	0.97mi
1320 Penn St Harrisburg, PA	2.0	1.0	1193	$1,495	$1.25	44d	1	1.38mi
1202 Penn St Harrisburg, PA	4.0	1.0	1706	$1,495	$0.88	44d	1	1.47mi
1116 N 3rd St Unit 3 Harrisburg, PA	2.0	1.0	1100	$1,375	$1.25	23d	1	1.48mi
1122 Green St #14 Harrisburg, PA	2.0	1.0	918	$1,895	$2.06	44d	1	1.49mi
660 Boas St Harrisburg, PA	2.0	1.0–2.0	800	$1,574	$1.97	14d	21	1.50mi

Listing history 33 events

1. 2026-06-18
   days on market $98,500 Active 33 DOM
2. 2026-06-17
   days on market $98,500 Active 32 DOM
3. 2026-06-16
   days on market $98,500 Active 31 DOM
4. 2026-06-15
   days on market $98,500 Active 30 DOM
5. 2026-06-14
   days on market $98,500 Active 28 DOM
6. 2026-06-13
   days on market $98,500 Active 27 DOM
7. 2026-06-10
   days on market $98,500 Active 25 DOM
8. 2026-06-09
   days on market $98,500 Active 24 DOM
9. 2026-06-08
   days on market $98,500 Active 23 DOM
10. 2026-06-07
    days on market $98,500 Active 22 DOM
11. 2026-06-03
    days on market $98,500 Active 18 DOM
12. 2026-06-02
    days on market $98,500 Active 17 DOM
13. 2026-06-01
    days on market $98,500 Active 16 DOM
14. 2026-05-31
    days on market $98,500 Active 15 DOM
15. 2026-05-31
    days on market $98,500 Active 14 DOM
16. 2026-05-07
    status Pending 607-char remark
17. 2026-04-30
    listed $98,500 Active 607-char remark
18. 2026-02-24
    historical
19. 2026-01-20
    price $105,000
20. 2025-11-10
    price $110,000
21. 2025-11-10
    status Active
22. 2025-10-27
    historical
23. 2025-10-02
    price $116,000
24. 2025-10-02
    status Active
25. 2025-09-30
    historical
26. 2025-08-06
    price $120,000
27. 2025-08-01
    price $122,000
28. 2025-08-01
    status Active
29. 2025-07-31
    historical
30. 2025-05-28
    price $125,000
31. 2025-04-22
    price $130,000
32. 2025-04-03
    listed $135,000 Active
33. 2006-03-02
    soldstatus $65,000

ⓘ 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: $1,702 · $142/mo
• Projected year-2 tax: $1,702 · $142/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,169
• − Mortgage interest: −$5,518
• − Property taxes: −$1,702
• − Insurance: −$492
• − Repairs & maintenance: −$1,533
• − Management: −$1,533
• − Depreciation: −$2,865
• Taxable income: $5,524
• Est. tax owed @ 24.0%: −$1,326
• After-tax cash flow: $5,425/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: Harrisburg City SD
• NCES district ID: 4211580
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $33,432
• Composite: 7.6/100
• National rank: #9945
• State rank: #535 of 539 in PA

Livability — Harrisburg

• Score: 84/100
• State rank: #107
• US rank: #826

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harrisburg, PA
• County: Dauphin County · 247,857 people
• City population: 184,296
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 27,364
• Household income: $80,699
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1037.0

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 0.66)
• Race & ethnicity: White 47% Black 32% Hispanic / Latino 9% Asian 7% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 3% Romanian 2% Slovak 1%
• Foreign-born: 8% · Canada, India, Vietnam
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Vietnamese 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: ▼ -144.07%
• Current HPI: 257.826
• Rent YoY: ▲ 1.55%
• 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

+51.5% since first listed

19 events — show timeline

• 2026-05-24 Relisted — BRIGHT MLS
• 2026-05-07 Pending — BRIGHT MLS
• 2026-04-30 Listed $98,500 BRIGHT MLS
• 2026-02-24 Listing Removed — BRIGHT MLS
• 2026-01-20 Price Changed $105,000 BRIGHT MLS
• 2025-11-10 Price Changed $110,000 BRIGHT MLS
• 2025-11-10 Relisted — BRIGHT MLS
• 2025-10-27 Listing Removed — BRIGHT MLS
• 2025-10-02 Price Changed $116,000 BRIGHT MLS
• 2025-10-02 Relisted — BRIGHT MLS
• 2025-09-30 Listing Removed — BRIGHT MLS
• 2025-08-06 Price Changed $120,000 BRIGHT MLS
• 2025-08-01 Price Changed $122,000 BRIGHT MLS
• 2025-08-01 Relisted — BRIGHT MLS
• 2025-07-31 Listing Removed — BRIGHT MLS
• 2025-05-28 Price Changed $125,000 BRIGHT MLS
• 2025-04-22 Price Changed $130,000 BRIGHT MLS
• 2025-04-03 Listed $135,000 BRIGHT MLS
• 2006-03-02 Sold (Public Records) $65,000 Public Records

Property tax history

+1.0%/yr

Latest (2026): $1,702 · +1.6% YoY. Source: county tax records.