448 E Kline Ave · Lansford, PA 18232

$79,900

2 bd · 1.0 ba · 728 sqft · MultiFamily public records · 20 Days on market

Built 1920 1,132 sqft lot

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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
• Appreciation +9.6/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

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

INVESTORS take a look at this 2 bedroom 1 bath townhome located in Lansford. This money maker offers a great investment opportunity! Currently rented for $1,000/month with long-term tenants on a month-to-month lease. This home offers three floors of living space, a rear small yard and front covered porch with a nice view of town! Newly renovated prior to tenants occupying the property. Call today and add this investment to your portfolio!

Key facts

• Covered front porch
• Lehigh gorge
• Small rear yard

Tags

• COVERED FRONT PORCH
• SMALL REAR YARD
• MINUTES FROM JIM THORPE
• LEHIGH GORGE
• D AND L TRAIL CORRIDOR
• MAUCH CHUNK LAKE PARK

Property features AI

Exterior

• Utilities: Public sewer
• Home design: Duplex; Residential property; single family residence subtype; Attached property; 1 common wall
• Construction: Has basement (other type)
• Exterior features: Public sewer

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 4 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Electric heating
• Interior features: Eat-in kitchen; Unfurnished
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath multifamily listed at $80k.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 37.3% vs local median 9.5% in Lansford — 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 72/100 on livability (#605 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A-; Watch: amenities D, schools F, commute F.
• Panther Valley SD (rural): math 14% / reading 35% proficiency, ranked #477 of 539 in PA (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 34 active listings in the ZIP; lower-income renter base — watch delinquency; 180 units permitted in Carbon County in 2024 (10 in 5+ unit buildings).
• At $3,321/mo this rent would consume 89% of the median local household income ($45k/yr) (locally 123% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($552 loan paydown + $7k appreciation (9.1% local appreciation)).
• Carbon County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.1% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 7 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.
• Current owner paid $57k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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 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?
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: 4.16% ✓
• Cap rate: 37.33%
• Cash-on-cash: 110.85%
• DSCR: 5.93
• GRM: 2.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

9.12% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.62×
• Total profit: $170,409
• Equity at exit: $66,893

10-year hold

• IRR: —
• Equity multiple: 18.76×
• Total profit: $397,410
• Equity at exit: $139,167

Cash invested: $22,372 (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 18232

• Home prices YoY: 3.6%
• Active inventory: 34
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,321 high
• Mortgage (P&I): −$419
• Tax from tax record: −$105 /mo · $1,256/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$697
• Net cashflow: $2,067

Break-even live

Break-even rent $705

Max offer price $79,900

Occupancy floor 33%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$3,321
Total (3 units)			$3,321

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $79,900 Active 20 DOM
2. 2026-06-17
   days on market $79,900 Active 19 DOM
3. 2026-06-16
   days on market $79,900 Active 18 DOM
4. 2026-06-15
   days on market $79,900 Active 17 DOM
5. 2026-06-14
   days on market $79,900 Active 15 DOM
6. 2026-06-13
   days on market $79,900 Active 14 DOM
7. 2026-06-10
   days on market $79,900 Active 12 DOM
8. 2026-06-09
   days on market $79,900 Active 11 DOM
9. 2026-06-08
   days on market $79,900 Active 10 DOM
10. 2026-06-07
    days on market $79,900 Active 9 DOM
11. 2026-06-05
    days on market $79,900 Active 6 DOM
12. 2026-06-03
    days on market $79,900 Active 5 DOM
13. 2026-06-02
    days on market $79,900 Active 4 DOM
14. 2026-06-01
    days on market $79,900 Active 3 DOM
15. 2026-05-31
    days on market $79,900 Active 2 DOM
16. 2026-05-31
    remarks 699-char remark
17. 2026-05-31
    listed $79,900 Active 1 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: $1,256 · $105/mo
• Projected year-2 tax: $1,259 · $105/mo
• Expected delta: +$3/yr ($0/mo · 0.2%)

ⓘ 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 3/10 Moderate 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $39,852
• − Mortgage interest: −$4,476
• − Property taxes: −$1,256
• − Insurance: −$400
• − Repairs & maintenance: −$3,188
• − Management: −$3,188
• − Depreciation: −$2,324
• Taxable income: $25,020
• Est. tax owed @ 24.0%: −$6,005
• After-tax cash flow: $18,794/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: Panther Valley SD
• NCES district ID: 4218450
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 35% ▼ -14.00%
• Median HH income: $36,914
• Composite: 20.31/100
• National rank: #8613
• State rank: #477 of 539 in PA

Livability — Lansford

• Score: 72/100
• State rank: #605
• US rank: #5834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansford, PA
• County: Carbon County · 13,404 people
• City population: 4,156
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 4,156
• Household income: $44,713
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 123.0

Population outlook (Carbon County) Hauer SSP2

• Today (2025): 61,643 people
• By 2030: 59,840 · -2.9%
• By 2040: 55,413 · -10.1%
• By 2050: 50,843 · -17.5%
• By 2075: 43,326 · -29.7%
• By 2100: 37,126 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 64% Hispanic / Latino 17% Black 11% Two or more races 11% Native American 4%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Romanian 4% Polish 2% Iranian 2%
• Foreign-born: 7% · Canada, Jamaica, South Korea
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Carbon

• 2024 margin: Solid R (+34.8) · D 32.2% · R 67.0%
• 2008→2024 swing: -36.7pp toward R · 2008: 1.9pp · 2024: -34.8pp
• All cycles: 2024: R+34.8 2020: R+32.0 2016: R+34.1 2012: R+6.9 2008: D+1.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.12%
• Current HPI: 262.3396
• Rent YoY: —
• 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

+128.3% since first listed

17 events — show timeline

• 2026-05-29 Relisted — PMAR
• 2026-05-14 Listed $79,900 PMAR
• 2025-10-06 Sold (Public Records) $57,000 Public Records
• 2025-10-03 Sold (MLS) $57,000 BRIGHT MLS
• 2025-10-03 Sold (MLS) $57,000 GLVRMLS
• 2025-10-03 Sold (MLS) $57,000 GLVRMLS
• 2025-09-28 Pending — BRIGHT MLS
• 2025-09-10 Pending — GLVRMLS
• 2025-09-10 Pending — GLVRMLS
• 2025-07-10 Listed $74,900 BRIGHT MLS
• 2025-07-10 Listed $74,900 GLVRMLS
• 2025-07-10 Listed $74,900 GLVRMLS
• 2022-12-30 Sold (Public Records) $29,000 Public Records
• 2022-12-29 Sold (MLS) $29,000 GLVRMLS
• 2022-12-02 Pending — GLVRMLS
• 2022-11-17 Relisted — GLVRMLS
• 2022-09-09 Listed $35,000 GLVRMLS

Property tax history

+1.5%/yr

Latest (2026): $1,256 · +2.4% YoY. Source: county tax records.