214 S Walnut St · Slatington, PA 18080

$149,900

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 6 Days on market

Built 1890 3,001 sqft lot Est $257k · 42% under

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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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.0/10.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

Key facts

• Large eat-in kitchen
• Large covered porch
• Brand new roof

Tags

• LARGE EAT-IN KITCHEN
• FIRST FLOOR LAUNDRY ROOM
• EXPANDABLE ATTIC
• BRAND NEW ROOF
• LARGE COVERED PORCH
• REAR PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.0% vs local median 4.3% in Slatington — 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 (#600 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Northern Lehigh SD (suburban): math 24% / reading 47% proficiency, ranked #398 of 539 in PA (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 66 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 765 units permitted in Lehigh County in 2024 (286 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 $4k of value loss. Plan a longer hold.
• Lehigh County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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.
• Current owner paid $63k; list at $150k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1890 — 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. 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.
4. 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.
5. 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: 1.10% ✓
• Cap rate: 8.04%
• Cash-on-cash: 6.24%
• DSCR: 1.28
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $257,088
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 S Walnut St	0.00mi	3/1.0	1,248 (0%)	1mo	$135,000	$108	99
215 E Church St	0.34mi	3/1.0	1,307 (+5%)	11mo	$234,000	$179	67
311 2nd St	0.27mi	3/1.5	1,344 (+8%)	11mo	$255,000	$190	63
1239 4th St	0.50mi	3/2.0	1,196 (-4%)	3mo	$190,000	$159	63
228 Diamond St	0.46mi	3/1.0	1,120 (-10%)	12mo	$270,000	$241	51
843 Washington St	0.69mi	3/1.0	1,320 (+6%)	13mo	$278,000	$211	48
118 Cherry St	0.60mi	3/2.0	1,312 (+5%)	15mo	$229,900	$175	47
7219 Kingstead Dr	0.52mi	3/1.5	1,344 (+8%)	18mo	$310,000	$231	46
230 Lincoln Ave	0.58mi	2/2.0 (-1)	1,260 (+1%)	21mo	$260,000	$206	45
411 Washington St	0.45mi	2/1.0 (-1)	1,387 (+11%)	17mo	$271,000	$195	41
7212 Kingstead Dr	0.55mi	3/1.5	1,120 (-10%)	18mo	$330,000	$295	40
303 Hickory St	0.62mi	2/1.5 (-1)	1,100 (-12%)	13mo	$259,900	$236	34

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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-10,344
• Equity at exit: $22,351

10-year hold

• IRR: 3.0%
• Equity multiple: 1.22×
• Total profit: $9,092
• Equity at exit: $12,961

Cash invested: $41,972 (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 18080

• Home prices YoY: -4.5%
• Active inventory: 66
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,641 high
• Mortgage (P&I): −$786
• Tax from tax record: −$230 /mo · $2,760/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $218

Break-even live

Break-even rent $1,365

Max offer price $149,900

Occupancy floor 82%

Sensitivity live

Price	-10% $303	-5% $261	+0% $218	+5% $176	+10% $133
Rent	-10% $88	-5% $153	+0% $218	+5% $283	+10% $348
Rate	-1.0pp $294	-0.5pp $256	base $218	+0.5pp $179	+1.0pp $140

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109-111 S Walnut St Unit downstairs Slatington, PA	2.0	1.0	1100	$1,250	$1.14	45d	1	0.12mi
335 First St #1 Slatington, PA	3.0	1.0	1001	$1,950	$1.95	4d	1	0.22mi
335 First St #2 Slatington, PA	4.0	1.0	1001	$1,950	$1.95	15d	1	0.22mi
139 Main St Apt 1 Slatington, PA	2.0	1.0	1450	$1,450	$1.00	4d	1	0.24mi
208 Chestnut St Slatington, PA	3.0	1.5	1300	$2,100	$1.62	15d	1	0.35mi
485 S Walnut St Slatington, PA	3.0	1.0	1144	$1,650	$1.44	4d	1	0.36mi
485 S Walnut St Unit Main House Slatington, PA	3.0	1.0	1144	$1,650	$1.44	15d	1	0.36mi
701 Main St Unit BH Slatington, PA	3.0	1.0	1007	$1,699	$1.69	15d	1	0.40mi
103 Main St Unit 401 Walnutport, PA	2.0	1.0	950	$1,195	$1.26	4d	1	0.44mi
2565 Gap View Rd Apt 1 "2565" Slatington, PA	2.0	1.0	1000	$1,425	$1.43	24d	1	0.45mi
639 Washington St Walnutport, PA	3.0	1.5	1388	$1,895	$1.37	15d	1	0.46mi
655 Birch Dr Walnutport, PA	2.0	1.0	1400	$2,000	$1.43	45d	1	1.10mi

Listing history 18 events

1. 2026-04-14
   status Pending
2. 2026-04-07
   listed $149,900 Active
3. 2017-07-05
   soldstatus $63,000
4. 2017-06-30
   soldstatus $63,000 Sold 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

5. 2017-05-10
   status Pending 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

6. 2017-04-25
   price $64,900 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

7. 2017-04-10
   price $69,900 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

8. 2017-03-28
   price $74,900 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

9. 2016-12-16
   listed $79,900 Active 323-char remark

   Show marketing remark (323 chars)

   Very nice 3 bedrooms, 1 bath Slatington twin with a large unfinished attic. Nothing to do but move in and start living, neutral decor recent laminate, carpeting, heating system, rewired, front sidewalk and windows. Rear parking pad 10 X 20 , 10 X 17 patio & 7.11 X 15 covered front porch. USDA financing is available.

10. 2012-11-09
    soldstatus $30,000 285-char remark

    Show marketing remark (285 chars)

    HUD Case# 441-864199 Sold As-Is. Slatington Twin that is in solid condition and needs minor cosmetic repairs to make this a true beauty. Enjoy a home with a 3 bedroom 1 bath layout that has a dining room living room and spacious kitchen. Home is solid but needs some finishing touches.

11. 2012-02-01
    listed $33,000 285-char remark

    Show marketing remark (285 chars)

    HUD Case# 441-864199 Sold As-Is. Slatington Twin that is in solid condition and needs minor cosmetic repairs to make this a true beauty. Enjoy a home with a 3 bedroom 1 bath layout that has a dining room living room and spacious kitchen. Home is solid but needs some finishing touches.

12. 2011-03-27
    historical
13. 2011-03-27
    historical
14. 2010-09-30
    listed $99,900
15. 2010-09-30
    listed $99,900
16. 2008-05-19
    soldstatus $102,897
17. 2008-05-19
    soldstatus $102,897
18. 2008-02-11
    listed $99,900

ⓘ 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: $2,760 · $230/mo
• Projected year-2 tax: $2,760 · $230/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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $19,697
• − Mortgage interest: −$8,397
• − Property taxes: −$2,760
• − Insurance: −$750
• − Repairs & maintenance: −$1,576
• − Management: −$1,576
• − Depreciation: −$4,361
• Taxable income: $279
• Est. tax owed @ 24.0%: −$67
• After-tax cash flow: $2,551/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: Northern Lehigh SD
• NCES district ID: 4217670
• Math proficiency: 24% ▼ -19.00%
• Reading proficiency: 47% ▼ -12.00%
• Median HH income: $55,733
• Composite: 31.22/100
• National rank: #6035
• State rank: #398 of 539 in PA

Livability — Slatington

• Score: 72/100
• State rank: #600
• US rank: #5743

Category grades

Amenities F 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: Slatington, PA
• County: Lehigh County · 333,019 people
• City population: 11,226
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 11,226
• Household income: $74,522
• Rent vs Own: 19.2% rent · 80.8% own
• Severe rent burden: 111.0

Population outlook (Lehigh County) Hauer SSP2

• Today (2025): 392,957 people
• By 2030: 408,319 · +3.9%
• By 2040: 440,007 · +12.0%
• By 2050: 475,940 · +21.1%
• By 2075: 590,448 · +50.3%
• By 2100: 690,314 · +75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 8% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 4% Dominican 2%
• Common ancestry: Polish 7% Subsaharan African 4% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Lehigh

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.2%
• 2008→2024 swing: -12.9pp toward R · 2008: 15.6pp · 2024: 2.7pp
• All cycles: 2024: D+2.7 2020: D+7.6 2016: D+4.4 2012: D+7.5 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.90%
• Current HPI: 295.1228
• 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

+50.1% since first listed

18 events — show timeline

• 2026-04-14 Pending — GLVRMLS
• 2026-04-07 Listed $149,900 GLVRMLS
• 2017-07-05 Sold (Public Records) $63,000 Public Records
• 2017-06-30 Sold (MLS) $63,000 GLVRMLS
• 2017-05-10 Pending — GLVRMLS
• 2017-04-25 Price Changed $64,900 GLVRMLS
• 2017-04-10 Price Changed $69,900 GLVRMLS
• 2017-03-28 Price Changed $74,900 GLVRMLS
• 2016-12-16 Listed $79,900 GLVRMLS
• 2012-11-09 Sold (MLS) $30,000 GLVRMLS
• 2012-02-01 Listed $33,000 GLVRMLS
• 2011-03-27 Listing Removed — BRIGHT MLS
• 2011-03-27 Listing Removed — GLVRMLS
• 2010-09-30 Listed $99,900 BRIGHT MLS
• 2010-09-30 Listed $99,900 GLVRMLS
• 2008-05-19 Sold (Public Records) $102,897 Public Records
• 2008-05-19 Sold (MLS) $102,897 GLVRMLS
• 2008-02-11 Listed $99,900 GLVRMLS

Property tax history

+2.6%/yr

Latest (2026): $2,760 · +4.3% YoY. Source: county tax records.