756 Dellwood St · Bethlehem, PA 18018

$159,900

3 bd · 1.0 ba · 1,452 sqft · Townhouse public records · 3 Days on market

Built 1916 1,940 sqft lot Est $266k · 40% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +4.1/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all Landlords, Flippers and first time home buyers! * Great area for this twin for $159,900 * 3 Bedrooms * 1 Bath * Attic * Full basement * All gas utilities * No wal through bedrooms * Possible off street parking with alley access * Being sold as is to settle estate * City Inspection online * All Offers due by Monday June 8th at 3PM

Key facts

• Alley access
• Attic
• Full basement

Tags

• ATTIC
• FULL BASEMENT
• POSSIBLE OFF STREET PARKING
• ALLEY ACCESS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Circuit breaker electric
• Home design: 2-story; Aluminum siding; Asphalt/fiberglass roof
• Construction: Aluminum siding construction
• Exterior features: Porch; Flat lot

Interior

• Kitchen: Eat-in kitchen; Gas oven
• Bedrooms: Bedroom (Second floor) — 10 x 9; Bedroom (Second floor) — 12 x 9; Bedroom (Second floor) — 13 x 9
• Flooring: Carpet; Vinyl
• Bathrooms: Full bathroom (Second floor)
• Heating & cooling: Gas heating; Ceiling fan(s)
• Interior features: Attic; Dining area; Separate/formal dining room; Eat-in kitchen; Storage
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $600 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 10.8% vs local median 4.3% in Bethlehem — 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 82/100 on livability (#138 in PA, #1,122 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Bethlehem Area SD (urban): math 31% / reading 49% proficiency, ranked #342 of 539 in PA (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 103 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 567 units permitted in Northampton County in 2024 (151 in 5+ unit buildings).
• This rent runs 36% of the median local income ($75k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.8% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $69k; list at $160k implies a 132% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — 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 $159,900

Questions for the listing agent

1. Built in 1916 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.40% ✓
• Cap rate: 10.80%
• Cash-on-cash: 16.09%
• DSCR: 1.72
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $265,716
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
822 Elm St	0.06mi	3/1.5	1,406 (-3%)	3mo	$250,000	$178	87
726 Pembroke Rd	0.26mi	3/1.0	1,478 (+2%)	1mo	$270,000	$183	84
529 E Laurel St	0.27mi	3/1.5	1,440 (-1%)	0mo	$275,000	$191	84
315 E North St	0.24mi	3/1.0	1,536 (+6%)	2mo	$205,000	$133	78
1005 Wood St	0.19mi	2/3.0 (-1)	1,440 (-1%)	2mo	$300,000	$208	75
520 Maple St	0.31mi	3/2.0	1,544 (+6%)	1mo	$262,000	$170	70
42 E Wall St	0.70mi	3/1.5	1,474 (+2%)	2mo	$376,600	$255	61
212 E North St	0.39mi	4/2.0 (+1)	1,557 (+7%)	3mo	$284,000	$182	58
229 E Union Blvd	0.33mi	4/2.0 (+1)	1,616 (+11%)	1mo	$330,000	$204	56
1507 High St	0.73mi	3/2.5	1,440 (-1%)	4mo	$325,000	$226	55
129 E Goepp St	0.45mi	3/2.0	1,648 (+14%)	4mo	$285,000	$173	49
1136 N New St	0.73mi	3/1.0	1,296 (-11%)	4mo	$232,500	$179	44

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 · 0.85% rent growth · sell at horizon

5-year hold

• IRR: 4.5%
• Equity multiple: 1.17×
• Total profit: $7,639
• Equity at exit: $23,842

10-year hold

• IRR: 11.8%
• Equity multiple: 1.84×
• Total profit: $37,511
• Equity at exit: $13,825

Cash invested: $44,772 (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 18018

• Rents YoY: 0.8%
• Active inventory: 103
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,242 high
• Mortgage (P&I): −$839
• Tax from tax record: −$266 /mo · $3,192/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $600

Break-even live

Break-even rent $1,482

Max offer price $159,900

Occupancy floor 68%

Sensitivity live

Price	-10% $691	-5% $645	+0% $600	+5% $555	+10% $510
Rent	-10% $423	-5% $512	+0% $600	+5% $689	+10% $777
Rate	-1.0pp $681	-0.5pp $641	base $600	+0.5pp $559	+1.0pp $517

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
802 Elm St Bethlehem, PA	4.0	1.5	1520	$2,800	$1.84	21d	1	0.03mi
822 Elm St Bethlehem, PA	3.0	1.5	1406	$2,195	$1.56	14d	1	0.04mi
537 Goepp Cir Unit B Bethlehem, PA	3.0	1.5	1225	$1,895	$1.55	44d	1	0.10mi
316 E Union Blvd Bethlehem, PA	4.0	2.0	1460	$2,145	$1.47	44d	1	0.20mi
746 Linden St Unit 2 Bethlehem, PA	3.0	1.0	1008	$1,975	$1.96	44d	1	0.22mi
650 E North St Bethlehem, PA	2.0	1.0–2.0	935	$2,350	$2.51	14d	7	0.23mi
326 E Frankford St Bethlehem, PA	2.0	2.0	1250	$2,300	$1.84	24d	1	0.28mi
326 E Frankford St Bethlehem, PA	2.0	2.0	1250	$2,300	$1.84	44d	1	0.28mi
229 E Union Blvd Unit 2nd Floor Bethlehem, PA	2.0	1.0	982	$1,595	$1.62	3d	1	0.32mi
229 E Union Blvd Unit 1st Floor Bethlehem, PA	2.0	1.0	1000	$1,675	$1.68	3d	1	0.32mi
1214 Maple St Bethlehem, PA	3.0	1.0	1462	$2,000	$1.37	44d	1	0.37mi
129 E Goepp St Bethlehem, PA	3.0	2.0	1648	$2,600	$1.58	3d	1	0.43mi
122 E Goepp St Unit 1 Bethlehem, PA	3.0	1.0	1137	$1,895	$1.67	3d	1	0.45mi
1138 Arcadia St Bethlehem, PA	3.0	1.0	1802	$2,095	$1.16	44d	1	0.47mi
417 Linden St Bethlehem, PA	3.0	1.5	1699	$2,450	$1.44	3d	1	0.48mi
69 E Goepp St Bethlehem, PA	3.0	1.0	1100	$2,150	$1.95	3d	1	0.51mi
239 E Church St Bethlehem, PA	3.0	2.5	1724	$2,950	$1.71	24d	1	0.52mi
754 E Washington Ave Bethlehem, PA	3.0	2.0	1200	$1,900	$1.58	44d	1	0.52mi
830 Media St Bethlehem, PA	3.0	1.0	1128	$2,100	$1.86	24d	1	0.58mi
830 Media St Bethlehem, PA	3.0	1.0	1128	$2,100	$1.86	44d	1	0.58mi
30 E Market St Apt 1 Bethlehem, PA	2.0	1.0	1200	$1,950	$1.62	44d	1	0.67mi
55 E Elizabeth Ave Unit 1 Bethlehem, PA	2.0	2.0	1184	$2,250	$1.90	45d	1	0.67mi
42 E Wall St Bethlehem, PA	4.0	1.0	1474	$2,550	$1.73	24d	1	0.69mi
1136 N New St Bethlehem, PA	3.0	1.0	1296	$2,300	$1.77	3d	1	0.71mi
1320 Chelsea Ave Bethlehem, PA	3.0	2.0	1373	$2,349	$1.71	14d	1	0.72mi
1320 Chelsea Ave Bethlehem, PA	3.0	2.0	1373	$2,395	$1.74	3d	1	0.72mi
47 W Goepp St Bethlehem, PA	3.0	1.5	1184	$1,995	$1.68	3d	1	0.74mi
50 W Garrison St Unit 1 Bethlehem, PA	2.0	1.0	900	$1,395	$1.55	3d	1	0.75mi
409 E Washington Ave Bethlehem, PA	4.0	1.5	1650	$2,645	$1.60	3d	1	0.76mi
56 W North St Bethlehem, PA	2.0	2.0	1486	$2,400	$1.62	14d	1	0.77mi
68 W Union Blvd Bethlehem, PA	4.0	1.5	1804	$2,295	$1.27	14d	1	0.78mi
1240 Pembroke Rd #1 Bethlehem, PA	3.0	1.0	1249	$1,795	$1.44	44d	1	0.87mi
1240 Pembroke Rd #2 Bethlehem, PA	2.0	1.0	1300	$1,495	$1.15	44d	1	0.87mi
124 W Union Blvd Unit 214 Bethlehem, PA	2.0	2.0	1000	$2,120	$2.12	24d	1	0.88mi
34 E Washington Ave Bethlehem, PA	2.0	1.0	1100	$2,000	$1.82	24d	1	0.88mi
1532 N New St Unit B Bethlehem, PA	2.0	1.5	1100	$1,845	$1.68	3d	1	0.90mi
328 Carver Dr Unit A Bethlehem, PA	2.0	2.0	1466	$2,050	$1.40	44d	1	0.93mi
610 E 3rd St Bethlehem, PA	1.0–2.0	1.0–2.0	974	$3,008	$3.09	3d	8	0.93mi
314 State St Bethlehem, PA	4.0	2.0	1654	$2,650	$1.60	14d	1	0.94mi
1209 Mechanic St Bethlehem, PA	3.0	1.0	1003	$2,000	$1.99	21d	1	0.97mi

Listing history 5 events

1. 2026-06-09
   status $159,900 Pending 3 DOM
2. 2026-06-08
   remarks 365-char remark
3. 2026-06-08
   days on market $159,900 Active 3 DOM
4. 2026-06-07
   remarks 320-char remark
5. 2026-06-07
   listed $159,900 Active 2 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: $3,192 · $266/mo
• Projected year-2 tax: $3,192 · $266/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 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% 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: $26,906
• − Mortgage interest: −$8,957
• − Property taxes: −$3,192
• − Insurance: −$800
• − Repairs & maintenance: −$2,152
• − Management: −$2,152
• − Depreciation: −$4,652
• Taxable income: $5,001
• Est. tax owed @ 24.0%: −$1,200
• After-tax cash flow: $6,002/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: Bethlehem Area SD
• NCES district ID: 4203570
• Math proficiency: 31% ▼ -2.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $55,124
• Composite: 34.92/100
• National rank: #5068
• State rank: #342 of 539 in PA

Livability — Bethlehem

• Score: 82/100
• State rank: #138
• US rank: #1122

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bethlehem, PA
• County: Lehigh County · 333,019 people
• City population: 129,661
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 32,965
• Household income: $75,417
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 1361.0

Population outlook (Northampton County) Hauer SSP2

• Today (2025): 312,227 people
• By 2030: 314,769 · +0.8%
• By 2040: 316,914 · +1.5%
• By 2050: 318,037 · +1.9%
• By 2075: 334,003 · +7.0%
• By 2100: 344,696 · +10.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 24% Two or more races 10% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Dominican 3%
• Common ancestry: Romanian 4% Italian 2% Polish 2%
• Foreign-born: 9% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 15% Other Indo-European 2%

Political lean MEDSL · Northampton

• 2024 margin: Toss-up / Even · D 48.6% · R 50.4%
• 2008→2024 swing: -14.1pp toward R · 2008: 12.3pp · 2024: -1.8pp
• All cycles: 2024: R+1.8 2020: D+0.7 2016: R+3.8 2012: D+4.6 2008: D+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.46%
• Current HPI: 301.1699
• Rent YoY: ▲ 0.85%
• 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

+131.7% since first listed

2 events — show timeline

• 2026-06-05 Listed $159,900 GLVRMLS
• 1988-08-01 Sold (Public Records) $69,000 Public Records

Property tax history

+1.5%/yr

Latest (2026): $3,192 · +3.5% YoY. Source: county tax records.