356 Swatara St · Steelton, PA 17113

$115,000

4 bd · 1.0 ba · 1,410 sqft · Townhouse public records · 20 Days on market

Built 1900 1,307 sqft lot $82/sqft · 11% below area Est $117k · at est.

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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 +28.3/30.0
• DSCR +10.0/10.0
• ARV discount +8.1/15.0
• 1% rule +7.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom 1 bath in Steelton City. Property is being sold in as-is condition.

Key facts

• Built 1900
• Listed 20 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas; Electric service (100 Amp)
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Aluminum siding with frame construction; Composite roof; Brick/mortar foundation; Built year (assessor)
• Exterior features: Porch(es); Cleared lot

Interior

• Kitchen: Refrigerator; Gas oven/range
• Bedrooms: Two bedrooms on the first upper level; One bedroom on the second upper level
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Forced air heating (natural gas); Window air conditioning units (electric); 100 amp electric service with circuit breakers; Natural gas hot water
• Interior features: Refrigerator; Gas oven/range; Full basement; Living room; Dining room; Kitchen
• Laundry & utility: Basement laundry with hookups; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $367 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 6.9% in Steelton — 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 67/100 on livability (#971 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Steelton-Highspire SD (suburban): math 2% / reading 9% proficiency, ranked #538 of 539 in PA (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Steelton-Highspire Hs (math 2% / reading 6%, grade F, #434 of 437 statewide, top 99%, 599 students, 100% FRL) — zoned schools average 100% FRL vs 68% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 68 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $113,275 (1.5% 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 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. 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: 1.29% ✓
• Cap rate: 10.12%
• Cash-on-cash: 13.67%
• DSCR: 1.61
• GRM: 6.5

CMA / ARV

• ARV (median comp): $116,548
• List price: $115,000
• Delta: -1.33%
• 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
337 Swatara St	0.03mi	4/1.0	1,425 (+1%)	3mo	$171,000	$120	95
337 S 3rd St	0.25mi	4/1.0	1,353 (-4%)	3mo	$165,000	$122	79
335 Poplar St	0.19mi	3/1.0 (-1)	1,347 (-4%)	1mo	$110,500	$82	78
144 N 2nd St	0.41mi	4/1.0	1,455 (+3%)	5mo	$98,000	$67	71
544 Spruce St	0.19mi	3/1.0 (-1)	1,260 (-11%)	1mo	$120,000	$95	68
533 Saint Marys Dr	0.54mi	3/1.0 (-1)	1,369 (-3%)	1mo	$140,000	$102	64
339 Pine St	0.29mi	3/2.0 (-1)	1,516 (+8%)	4mo	$159,400	$105	61
535 Saint Marys Dr	0.54mi	3/— (-1)	1,320 (-6%)	2mo	$130,000	$98	57
327 Lincoln St	0.50mi	4/2.0	1,298 (-8%)	4mo	$140,000	$108	56
20 Frank S Brown Blvd	0.45mi	4/1.5	1,621 (+15%)	1mo	$80,000	$49	51
644 S 2nd St	0.65mi	3/1.0 (-1)	1,290 (-8%)	1mo	$152,000	$118	49
160 Lincoln St	0.49mi	3/1.0 (-1)	1,586 (+12%)	3mo	$158,000	$100	49

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.8%
• Equity multiple: 1.15×
• Total profit: $4,754
• Equity at exit: $17,147

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $34,330
• Equity at exit: $9,943

Cash invested: $32,200 (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 17113

• Home prices YoY: -16.3%
• Active inventory: 68
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,479 high
• Mortgage (P&I): −$603
• Tax from tax record: −$151 /mo · $1,809/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $367

Break-even live

Break-even rent $1,015

Max offer price $115,000

Occupancy floor 70%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
25 Chestnut St Steelton, PA	3.0	1.0	1146	$1,250	$1.09	14d	1	0.19mi
322 Pine St Unit 2 Steelton, PA	3.0	1.0	1100	$995	$0.90	43d	1	0.30mi
314 Lincoln St Steelton, PA	3.0	1.0	1264	$1,595	$1.26	14d	1	0.51mi
325 Lincoln St Steelton, PA	3.0	1.0	1186	$1,250	$1.05	14d	1	0.53mi
316 N 2nd St Steelton, PA	3.0	1.5	1524	$1,600	$1.05	14d	1	0.59mi
640 S 2nd St Steelton, PA	3.0	1.5	1290	$1,400	$1.09	23d	1	0.62mi
465 Sunday Dr Harrisburg, PA	3.0	2.5	1540	$1,895	$1.23	14d	1	0.66mi
508 N 2nd St Steelton, PA	3.0	1.5	1360	$1,450	$1.07	14d	1	0.72mi

Listing history 13 events

1. 2026-06-18
   days on market $115,000 Active 20 DOM
2. 2026-06-17
   days on market $115,000 Active 19 DOM
3. 2026-06-16
   days on market $115,000 Active 18 DOM
4. 2026-06-15
   days on market $115,000 Active 17 DOM
5. 2026-06-14
   statusdays on market $115,000 Active 15 DOM
6. 2026-05-08
   listed $115,000 Active 284-char remark
7. 2026-05-07
   historical $115,000 284-char remark
8. 2019-10-18
   soldstatus $328,000
9. 2012-05-31
   soldstatus $9,173
10. 2008-11-24
    soldstatus $14,900 77-char remark

    Show marketing remark (77 chars)

    3 bedroom 1 bath in Steelton City. Property is being sold in as-is condition.

11. 2008-11-13
    listed $14,900 77-char remark

    Show marketing remark (77 chars)

    3 bedroom 1 bath in Steelton City. Property is being sold in as-is condition.

12. 2008-11-13
    historical 77-char remark

    Show marketing remark (77 chars)

    3 bedroom 1 bath in Steelton City. Property is being sold in as-is condition.

13. 1995-05-26
    soldstatus $31,000

ⓘ 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: $1,809 · $151/mo
• Projected year-2 tax: $1,813 · $151/mo
• Expected delta: +$4/yr ($0/mo · 0.2%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,750
• − Mortgage interest: −$6,442
• − Property taxes: −$1,809
• − Insurance: −$575
• − Repairs & maintenance: −$1,420
• − Management: −$1,420
• − Depreciation: −$3,345
• Taxable income: $2,739
• Est. tax owed @ 24.0%: −$657
• After-tax cash flow: $3,744/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: Steelton-Highspire SD
• NCES district ID: 4222800
• Math proficiency: 2% ▼ -4.00%
• Reading proficiency: 9% ▼ -12.00%
• Median HH income: $40,685
• Composite: 4.98/100
• National rank: #10040
• State rank: #538 of 539 in PA

Livability — Steelton

• Score: 67/100
• State rank: #971
• US rank: #10606

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steelton, PA
• County: Dauphin County · 247,857 people
• City population: 19,401
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 11,724
• Household income: $68,244
• Rent vs Own: 37.6% rent · 62.4% own
• Severe rent burden: 338.0

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 0.67)
• Race & ethnicity: White 48% Hispanic / Latino 24% Black 22% Two or more races 19% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 11% Cuban 2%
• Common ancestry: Romanian 1% Lithuanian 1% Iranian 1%
• Foreign-born: 7% · Canada, India
• Languages at home: 80% English-only · Spanish 17% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -54.73%
• Current HPI: 281.6906
• Rent YoY: —
• 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

+271.0% since first listed

10 events — show timeline

• 2026-06-10 Relisted — BRIGHT MLS
• 2026-05-20 Contingent — BRIGHT MLS
• 2026-05-08 Listed $115,000 BRIGHT MLS
• 2026-05-07 Coming Soon $115,000 BRIGHT MLS
• 2019-10-18 Sold (Public Records) $328,000 Public Records
• 2012-05-31 Sold (Public Records) $9,173 Public Records
• 2008-11-24 Sold (MLS) $14,900 BRIGHT MLS
• 2008-11-13 Listing Removed — BRIGHT MLS
• 2008-11-13 Listed $14,900 BRIGHT MLS
• 1995-05-26 Sold (Public Records) $31,000 Public Records

Property tax history

+1.2%/yr

Latest (2026): $1,809 · +7.2% YoY. Source: county tax records.