1449 Allegheny St · Jersey Shore, PA 17740

$189,900

3 bd · 2.5 ba · 3,509 sqft · MultiFamily public records · 28 Days on market

Built 1901 0.29 ac 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
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Jersey Shore, PA double (2 unit) for sale, 3 BR each side, utilities separated, one unit vacant and one occupied. live in one and rent out the other! or rent both out. large yard, close to Weis markets, off street parking, video tour available. .. just ask. please allow 48 hours notice for showings for the occupied side. Thank you. Fair rent is $1100-1200 with tenants paying their own utilities.

Key facts

• Off street parking
• Large yard
• Utilities separated

Tags

• LARGE YARD
• UTILITIES SEPARATED
• OFF STREET PARKING

Property features AI

Exterior

• Parking: Gravel parking; 4 open parking spaces
• Utilities: Public water; Electric with circuit breakers
• Home design: Residential income property; Multi-family (multi-units)
• Construction: Frame construction with vinyl siding; Stone foundation; Built as multi-unit residential income property
• Exterior features: Metal roof; Property has a view; Zoned R

Interior

• Flooring: Laminate
• Heating & cooling: Natural gas heating; Oil heating; Hot water heating; No cooling
• Interior features: Laminate flooring; Has heating

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1-bath units multifamily listed at $190k.

Deal economics

• At list price, monthly cash flow is $933 ($11k/yr) — positive. Per door: $467/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $190k).
• Recommended offer: $187k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 3.0% in Jersey Shore — 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 (#490 in PA, #4,504 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Jersey Shore Area SD (town): math 41% / reading 59% proficiency, ranked #179 of 539 in PA (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 46 active listings in the ZIP; 73 units permitted in Lycoming County in 2024 (15 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lycoming County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $187,051 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.52% ✓
• Cap rate: 12.19%
• Cash-on-cash: 21.06%
• DSCR: 1.94
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.5%
• Equity multiple: 1.54×
• Total profit: $28,729
• Equity at exit: $28,315

10-year hold

• IRR: 22.4%
• Equity multiple: 2.92×
• Total profit: $101,826
• Equity at exit: $16,419

Cash invested: $53,172 (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 17740

• Home prices YoY: -7.6%
• Active inventory: 46
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,895 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$279 /mo · $3,347/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$608
• Net cashflow: $933

Break-even live

Break-even rent $1,714

Max offer price $189,900

Occupancy floor 63%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,894
Total (2 units)			$2,895

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $189,900 Active 28 DOM
2. 2026-06-18
   days on market $189,900 Active 27 DOM
3. 2026-06-17
   days on market $189,900 Active 26 DOM
4. 2026-06-16
   days on market $189,900 Active 25 DOM
5. 2026-06-15
   days on market $189,900 Active 24 DOM
6. 2026-06-14
   days on market $189,900 Active 22 DOM
7. 2026-06-12
   days on market $189,900 Active 21 DOM
8. 2026-06-09
   days on market $189,900 Active 18 DOM
9. 2026-06-08
   days on market $189,900 Active 17 DOM
10. 2026-06-07
    days on market $189,900 Active 16 DOM
11. 2026-06-04
    days on market $189,900 Active 12 DOM
12. 2026-06-02
    days on market $189,900 Active 11 DOM
13. 2026-06-01
    days on market $189,900 Active 10 DOM
14. 2026-05-31
    days on market $189,900 Active 9 DOM
15. 2026-05-31
    days on market $189,900 Active 8 DOM
16. 2026-05-22
    listed $189,900 Active

ⓘ 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: $3,347 · $279/mo
• Projected year-2 tax: $3,347 · $279/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,740
• − Mortgage interest: −$10,637
• − Property taxes: −$3,347
• − Insurance: −$950
• − Repairs & maintenance: −$2,779
• − Management: −$2,779
• − Depreciation: −$5,524
• Taxable income: $8,723
• Est. tax owed @ 24.0%: −$2,094
• After-tax cash flow: $9,104/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: Jersey Shore Area SD
• NCES district ID: 4212480
• Math proficiency: 41% ▼ -8.00%
• Reading proficiency: 59% ▼ -7.00%
• Median HH income: $50,019
• Composite: 42.72/100
• National rank: #3165
• State rank: #179 of 539 in PA

Livability — Jersey Shore

• Score: 74/100
• State rank: #490
• US rank: #4504

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jersey Shore, PA
• Population (ZIP): 11,600

Population outlook (Lycoming County) Hauer SSP2

• Today (2025): 114,164 people
• By 2030: 112,221 · -1.7%
• By 2040: 107,613 · -5.7%
• By 2050: 102,950 · -9.8%
• By 2075: 92,987 · -18.5%
• By 2100: 80,924 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Romanian 3% Slovak 2% Polish 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · German/W. Germanic 2%

Political lean MEDSL · Lycoming

• 2024 margin: Solid R (+41.5) · D 28.8% · R 70.3%
• 2008→2024 swing: -17.3pp toward R · 2008: -24.2pp · 2024: -41.5pp
• All cycles: 2024: R+41.5 2020: R+41.3 2016: R+44.8 2012: R+33.3 2008: R+24.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.78%
• Current HPI: 229.4555
• 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

1 event — show timeline

• 2026-05-22 Listed $189,900 WBVAR

Property tax history

+1.9%/yr

Latest (2026): $3,347 · +1.2% YoY. Source: county tax records.