418 North St · Millersburg, PA 17061

$124,900

3 bd · 1.5 ba · 1,770 sqft · SingleFamily public records · 128 Days on market

Built 1906 4,791 sqft lot $71/sqft · 26% below area Est $188k · 34% 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +8.0/10.0
• Appreciation +5.6/10.0
• Schools +3.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Step back in time and discover the character and charm waiting at 418 North Street in Millersburg. This four-bedroom, one-and-a-half-bath home offers spacious rooms, beautiful original woodwork, and the kind of craftsmanship you simply don’t find in newer construction. From the inviting covered front porch to the detailed trim, solid wood doors, and classic staircase, this home showcases its old-school appeal throughout. Large windows fill the living spaces with natural light, highlighting the generous room sizes and flexible layout. The formal dining room and spacious living areas provide plenty of room for gathering, entertaining, or reimagining the space to suit your style. Upstairs, you’ll find four comfortable bedrooms with great natural light and hardwood flooring, along with a full bath. The half bath on the main level adds convenience for everyday living. Outside, a fenced backyard offers space for outdoor enjoyment, pets, or gardening, while the two-car detached garage provides valuable off-street parking and additional storage — a rare find for an in-town property. This property presents an excellent opportunity to restore and update while preserving its timeless character. With solid bones, spacious rooms, and undeniable charm, this home is ready for its next chapter.

Key facts

• Covered front porch
• Large windows
• Classic staircase

Tags

• COVERED FRONT PORCH
• ORIGINAL WOODWORK
• SOLID WOOD DOORS
• CLASSIC STAIRCASE
• LARGE WINDOWS
• FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.5% in Millersburg — 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 74/100 on livability (#480 in PA, #4,444 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Millersburg Area SD (town): math 36% / reading 51% proficiency, ranked #288 of 539 in PA (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 32 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($864 loan paydown + $2k appreciation (1.2% local appreciation)).
• At projected returns (1.2% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.30% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.83%
• DSCR: 1.53
• GRM: 6.4

CMA / ARV

• ARV (median comp): $187,947
• List price: $124,900
• Delta: -33.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
277 Union St	0.18mi	3/1.5	1,740 (-2%)	3mo	$175,000	$101	86
268 North St	0.14mi	4/1.5 (+1)	1,914 (+8%)	3mo	$170,000	$89	73
541 Union St	0.16mi	4/1.5 (+1)	1,620 (-8%)	3mo	$215,000	$133	71
285 Union St	0.18mi	3/1.5	1,644 (-7%)	11mo	$150,000	$91	71
226 Moore St	0.19mi	3/1.5	1,868 (+6%)	14mo	$172,000	$92	71
454 Union St	0.15mi	3/1.5	1,984 (+12%)	5mo	$110,000	$55	68
780 State St	0.36mi	3/1.5	1,642 (-7%)	6mo	$159,900	$97	66
965 Center St	0.59mi	3/1.5	1,796 (+2%)	9mo	$264,900	$147	63
735 Church St	0.21mi	4/1.0 (+1)	1,890 (+7%)	12mo	$156,000	$83	62
306 S Market St	0.56mi	3/1.5	1,631 (-8%)	7mo	$165,000	$101	55
868 Union St	0.49mi	2/1.0 (-1)	1,666 (-6%)	13mo	$172,500	$104	49
937 Meadow Ln	0.66mi	3/1.5	1,568 (-11%)	9mo	$259,100	$165	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.2%
• Equity multiple: 1.73×
• Total profit: $25,616
• Equity at exit: $43,971

10-year hold

• IRR: 17.6%
• Equity multiple: 3.17×
• Total profit: $75,879
• Equity at exit: $59,478

Cash invested: $34,972 (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 17061

• Home prices YoY: 0.4%
• Active inventory: 32
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,625 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$232 /mo · $2,784/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $345

Break-even live

Break-even rent $1,189

Max offer price $124,900

Occupancy floor 74%

Sensitivity live

Price	-10% $415	-5% $380	+0% $345	+5% $309	+10% $274
Rent	-10% $216	-5% $281	+0% $345	+5% $409	+10% $473
Rate	-1.0pp $408	-0.5pp $377	base $345	+0.5pp $312	+1.0pp $279

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
123 Natures Trl Millersburg, PA	2.0	3.0	1440	$1,625	$1.13	24d	1	1.05mi

Listing history 22 events

1. 2026-06-21
   days on market $124,900 Active 128 DOM
2. 2026-06-18
   days on market $124,900 Active 126 DOM
3. 2026-06-17
   days on market $124,900 Active 125 DOM
4. 2026-06-16
   days on market $124,900 Active 124 DOM
5. 2026-06-15
   days on market $124,900 Active 123 DOM
6. 2026-06-13
   days on market $124,900 Active 121 DOM
7. 2026-06-12
   days on market $124,900 Active 120 DOM
8. 2026-06-09
   days on market $124,900 Active 117 DOM
9. 2026-06-08
   days on market $124,900 Active 116 DOM
10. 2026-06-08
    days on market $124,900 Active 115 DOM
11. 2026-06-07
    pricedays on market $124,900 Active 114 DOM
12. 2026-06-04
    days on market $144,900 Active 111 DOM
13. 2026-06-02
    days on market $144,900 Active 110 DOM
14. 2026-06-01
    days on market $144,900 Active 109 DOM
15. 2026-05-31
    days on market $144,900 Active 108 DOM
16. 2026-04-23
    price $144,900 1317-char remark

    Show marketing remark (1317 chars)

    Step back in time and discover the character and charm waiting at 418 North Street in Millersburg. This four-bedroom, one-and-a-half-bath home offers spacious rooms, beautiful original woodwork, and the kind of craftsmanship you simply don’t find in newer construction. From the inviting covered front porch to the detailed trim, solid wood doors, and classic staircase, this home showcases its old-school appeal throughout. Large windows fill the living spaces with natural light, highlighting the generous room sizes and flexible layout. The formal dining room and spacious living areas provide plenty of room for gathering, entertaining, or reimagining the space to suit your style. Upstairs, you’ll find four comfortable bedrooms with great natural light and hardwood flooring, along with a full bath. The half bath on the main level adds convenience for everyday living. Outside, a fenced backyard offers space for outdoor enjoyment, pets, or gardening, while the two-car detached garage provides valuable off-street parking and additional storage — a rare find for an in-town property. This property presents an excellent opportunity to restore and update while preserving its timeless character. With solid bones, spacious rooms, and undeniable charm, this home is ready for its next chapter.

17. 2026-02-12
    listed $149,900 Active 1317-char remark

    Show marketing remark (1317 chars)

    Step back in time and discover the character and charm waiting at 418 North Street in Millersburg. This four-bedroom, one-and-a-half-bath home offers spacious rooms, beautiful original woodwork, and the kind of craftsmanship you simply don’t find in newer construction. From the inviting covered front porch to the detailed trim, solid wood doors, and classic staircase, this home showcases its old-school appeal throughout. Large windows fill the living spaces with natural light, highlighting the generous room sizes and flexible layout. The formal dining room and spacious living areas provide plenty of room for gathering, entertaining, or reimagining the space to suit your style. Upstairs, you’ll find four comfortable bedrooms with great natural light and hardwood flooring, along with a full bath. The half bath on the main level adds convenience for everyday living. Outside, a fenced backyard offers space for outdoor enjoyment, pets, or gardening, while the two-car detached garage provides valuable off-street parking and additional storage — a rare find for an in-town property. This property presents an excellent opportunity to restore and update while preserving its timeless character. With solid bones, spacious rooms, and undeniable charm, this home is ready for its next chapter.

18. 2022-06-02
    soldstatus $144,900
19. 2022-05-29
    soldstatus $144,900 Closed 243-char remark

    Show marketing remark (243 chars)

    Come take a tour of this house! Four spacious bedrooms, one and a half baths. Lots of character throughout the house! Nice size fenced in backyard with a two bay garage for additional off street parking and storage! SCHEDULE A SHOWING TODAY!!!

20. 2022-04-16
    status Pending 243-char remark

    Show marketing remark (243 chars)

    Come take a tour of this house! Four spacious bedrooms, one and a half baths. Lots of character throughout the house! Nice size fenced in backyard with a two bay garage for additional off street parking and storage! SCHEDULE A SHOWING TODAY!!!

21. 2022-04-05
    listed $144,900 Active 243-char remark

    Show marketing remark (243 chars)

    Come take a tour of this house! Four spacious bedrooms, one and a half baths. Lots of character throughout the house! Nice size fenced in backyard with a two bay garage for additional off street parking and storage! SCHEDULE A SHOWING TODAY!!!

22. 2017-07-18
    soldstatus $86,000

ⓘ 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: $2,784 · $232/mo
• Projected year-2 tax: $2,784 · $232/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 · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,500
• − Mortgage interest: −$6,996
• − Property taxes: −$2,784
• − Insurance: −$624
• − Repairs & maintenance: −$1,560
• − Management: −$1,560
• − Depreciation: −$3,633
• Taxable income: $2,342
• Est. tax owed @ 24.0%: −$562
• After-tax cash flow: $3,575/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: Millersburg Area SD
• NCES district ID: 4215360
• Math proficiency: 36% ▼ -16.00%
• Reading proficiency: 51% ▼ -14.00%
• Median HH income: $50,625
• Composite: 37.4/100
• National rank: #4426
• State rank: #288 of 539 in PA

Livability — Millersburg

• Score: 74/100
• State rank: #480
• US rank: #4444

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millersburg, PA
• Population (ZIP): 6,825

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: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Hispanic / Latino 2% Asian 1% Black 1%
• Common ancestry: Romanian 3% Polish 2% Slovak 1%
• Foreign-born: 1% · China
• Languages at home: 94% English-only · German/W. Germanic 4% Other Indo-European 1% Chinese 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: ▲ 1.20%
• Current HPI: 271.943
• Rent YoY: —
• Metro: —
• 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

+68.5% since first listed

7 events — show timeline

• 2026-04-23 Price Changed $144,900 BRIGHT MLS
• 2026-02-12 Listed $149,900 BRIGHT MLS
• 2022-06-02 Sold (Public Records) $144,900 Public Records
• 2022-05-29 Sold (MLS) $144,900 BRIGHT MLS
• 2022-04-16 Pending — BRIGHT MLS
• 2022-04-05 Listed $144,900 BRIGHT MLS
• 2017-07-18 Sold (Public Records) $86,000 Public Records

Property tax history

+4.2%/yr

Latest (2026): $2,784 · +11.1% YoY. Source: county tax records.