1340 W Walnut St · Allentown, PA 18102

$120,000

4 bd · 1.0 ba · 2,305 sqft · Townhouse public records · 5 Days on market

Built 1910 ↓ 20% since listing

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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 +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Submit highest and best offers by end of day Sunday. Seller will respond by Monday. Investors & Flippers of the Lehigh Valley – Opportunity Knocks! Check out 1340 W. Walnut Street, a 4–5 bedroom, 1 bath, 2,305 sq. ft. twin packed with potential and ready to be brought back to life. Restore, renovate, and maximize your return on investment with this spacious property featuring a large living room, dining room, and kitchen layout on the first floor. Two staircases lead to the second floor, offering three bedrooms and one full bath. The third floor includes an additional bedroom plus a bonus room that may serve as a potential fifth bedroom, office, or flex space. Outside, y

Key facts

• Garage
• Built 1910
• Listed 5 days

Property features AI

Exterior

• Parking: Detached garage; On-street parking; Total of 1 parking space
• Utilities: Public water service; Public sewer service
• Home design: 3-story building; Brick construction
• Construction: Brick exterior; Year built unknown
• Exterior features: Public water; Public sewer; Zoned R-Mh (Medium High Density)

Interior

• Flooring: Hardwood floors
• Bathrooms: One full bathroom
• Heating & cooling: Radiator heating
• Interior features: Fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $849 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 14.8% vs local median 5.3% in Allentown — 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 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 (+5.5%/yr); 167 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• At $2,386/mo this rent would consume 66% of the median local household income ($43k/yr) (locally 4313% 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 $830 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $34k 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 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: property tax is 3.6% of price; built in 1910 — 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 $120,000

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.99% ✓
• Cap rate: 14.79%
• Cash-on-cash: 30.34%
• DSCR: 2.35
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $327,310
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
221 Franklin St	0.13mi	4/2.0	2,347 (+2%)	2mo	$255,000	$109	85
30 S Franklin St	0.12mi	4/2.0	2,120 (-8%)	1mo	$300,000	$142	76
28 S Jefferson St	0.15mi	5/2.5 (+1)	2,176 (-6%)	0mo	$320,000	$147	72
30 N Madison St	0.19mi	5/2.0 (+1)	2,420 (+5%)	2mo	$330,000	$136	72
223 S 17th St	0.38mi	5/1.5 (+1)	2,366 (+3%)	2mo	$211,000	$89	69
142 N 12th St	0.36mi	5/3.0 (+1)	2,328 (+1%)	1mo	$365,500	$157	68
1301 Chew St	0.45mi	5/2.0 (+1)	2,340 (+2%)	2mo	$269,999	$115	66
32 S Jefferson St	0.15mi	5/1.0 (+1)	2,008 (-13%)	2mo	$156,000	$78	65
1142 Spring Garden St	0.25mi	5/2.0 (+1)	2,120 (-8%)	2mo	$370,000	$175	64
1605 W Turner St	0.44mi	5/1.5 (+1)	2,134 (-7%)	2mo	$300,000	$141	58
1416 Turner St	0.32mi	5/2.0 (+1)	2,048 (-11%)	2mo	$305,000	$149	56
219 N 17th St	0.52mi	5/2.0 (+1)	1,984 (-14%)	1mo	$320,000	$161	42

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 · 5.48% rent growth · sell at horizon

5-year hold

• IRR: 28.2%
• Equity multiple: 2.22×
• Total profit: $40,923
• Equity at exit: $17,892

10-year hold

• IRR: 37.3%
• Equity multiple: 4.94×
• Total profit: $132,308
• Equity at exit: $10,375

Cash invested: $33,600 (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 18102

• Rents YoY: 5.5%
• Active inventory: 167
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,386 high
• Mortgage (P&I): −$629
• Tax from tax record: −$357 /mo · $4,278/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $849

Break-even live

Break-even rent $1,311

Max offer price $120,000

Occupancy floor 59%

Sensitivity live

Price	-10% $917	-5% $883	+0% $849	+5% $815	+10% $782
Rent	-10% $661	-5% $755	+0% $849	+5% $944	+10% $1,038
Rate	-1.0pp $910	-0.5pp $880	base $849	+0.5pp $818	+1.0pp $787

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41 S Franklin St Allentown, PA	5.0	2.0	1897	$2,500	$1.32	15d	1	0.06mi
138 S 14th St Allentown, PA	5.0	1.0	2300	$2,300	$1.00	15d	1	0.08mi
216 S 14th St Allentown, PA	4.0	1.5	1640	$2,300	$1.40	3d	1	0.12mi
36 S Jefferson St Allentown, PA	5.0	1.5	2128	$2,500	$1.17	15d	1	0.15mi
1341 Chew St Allentown, PA	5.0	1.5	2139	$2,500	$1.17	21d	1	0.42mi
1315 Chew St Allentown, PA	5.0	2.5	2811	$2,850	$1.01	44d	1	0.43mi
1538 Chew St Allentown, PA	5.0	1.0	1874	$2,800	$1.49	19d	1	0.45mi
948 W Maple St Allentown, PA	4.0	1.0	1932	$2,300	$1.19	44d	1	0.47mi
828 W Gordon St Allentown, PA	4.0	2.5	1628	$2,250	$1.38	3d	1	0.79mi
626 N 11th St Allentown, PA	4.0	1.5	1642	$2,200	$1.34	3d	1	0.83mi
644 Lehigh St Allentown, PA	3.0	1.0	1714	$2,250	$1.31	44d	1	0.96mi
631 W Allen St Allentown, PA	5.0	1.5	1695	$2,100	$1.24	44d	1	1.09mi
528 N 6th St Allentown, PA	3.0	1.0	1934	$1,800	$0.93	44d	1	1.10mi
622 Park St Allentown, PA	5.0	1.5	1638	$2,300	$1.40	3d	1	1.12mi
738 W Cedar St Allentown, PA	5.0	1.5	1900	$2,500	$1.32	44d	1	1.21mi
389 W Turner St Allentown, PA	4.0	1.5	2144	$2,400	$1.12	3d	1	1.23mi
2303 W Allen St Allentown, PA	3.0	2.0	2178	$2,800	$1.29	44d	1	1.30mi
725 N Berks St Allentown, PA	3.0	1.5	1680	$2,450	$1.46	15d	1	1.41mi
213 Chew St Allentown, PA	5.0	1.0	1725	$2,100	$1.22	44d	1	1.48mi

Listing history 4 events

1. 2026-06-15
   status $120,000 Pending 5 DOM
2. 2026-06-15
   days on market $120,000 Active 5 DOM
3. 2026-06-14
   remarks 683-char remark
4. 2026-06-14
   listed $120,000 Active 3 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: $4,278 · $357/mo
• Projected year-2 tax: $4,278 · $357/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,637
• − Mortgage interest: −$6,722
• − Property taxes: −$4,278
• − Insurance: −$600
• − Repairs & maintenance: −$2,291
• − Management: −$2,291
• − Depreciation: −$3,491
• Taxable income: $8,964
• Est. tax owed @ 24.0%: −$2,151
• After-tax cash flow: $8,042/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): 51,001
• Household income: $43,085
• Rent vs Own: 67.9% rent · 32.1% own
• Severe rent burden: 4313.0

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: Predominantly Hispanic (69%)
• Race & ethnicity: Hispanic / Latino 69% Two or more races 28% White 18% Black 10%
• Hispanic origin (detail): Mexican 3% Puerto Rican 38% Dominican 22%
• Common ancestry: Polish 1% Romanian 1% Hispanic 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 45% English-only · Spanish 52% Arabic 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: ▼ -227.01%
• Current HPI: 404.834
• Rent YoY: ▲ 5.48%
• 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

-20.0% since first listed

4 events — show timeline

• 2026-06-10 Listed $120,000 GLVRMLS
• 2025-01-27 Listing Removed — GLVRMLS
• 2025-01-23 Pending — GLVRMLS
• 2025-01-17 Listed $150,000 GLVRMLS

Property tax history

-1.9%/yr

Latest (2026): $4,278 · +0.7% YoY. Source: county tax records.