508 Graham St · Harrisburg, PA 17110

$140,000

3 bd · 1.0 ba · 1,402 sqft · Townhouse public records · 13 Days on market

Built 1925 1,742 sqft lot Est $136k · 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 +22.0/30.0
• DSCR +7.0/10.0
• 1% rule +6.5/10.0
• ARV discount +6.2/15.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 508 Graham Street in Harrisburg, offering a comfortable home in a quiet neighborhood setting while still being close to everyday conveniences. This 3-bedroom, 1.5-bath home features inviting living space, a covered front porch, backyard, and a detached 1-car garage, providing both charm and functionality. Inside, the home offers a practical layout with room for everyday living, dining, and relaxing. The three bedrooms provide flexible space for sleeping, guests, a home office, or hobbies, while the full and half bathroom adds convenience. Outside, enjoy the covered porch for morning coffee or evening unwinding, along with a backyard that offers space for outdoor enjoyment, garden

Key facts

• Covered front porch
• Usable outdoor space
• Quiet neighborhood

Tags

• COVERED FRONT PORCH
• DETACHED GARAGE
• USABLE OUTDOOR SPACE
• QUIET NEIGHBORHOOD

Property features AI

Exterior

• Parking: Detached rear-entry garage (1 space); Off-street parking
• Utilities: Public water; Public sewer
• Home design: Semi-detached home; Above-grade and below-grade living areas
• Construction: Brick construction; Permanent foundation; Full basement
• Exterior features: Not in a federal flood zone; 2+ access exits

Interior

• Kitchen: Kitchen
• Bedrooms: Three bedrooms on the upper level (Master Bedroom, Bedroom 2, Bedroom 3)
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Other heating system; Electric hot water
• Interior features: Living room; Dining room; Family room; Bonus room; Basement; Storage room; Has fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.2% vs local median 6.6% in Harrisburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 84/100 on livability (#107 in PA, #826 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Harrisburg City SD (urban): math 6% / reading 13% proficiency, ranked #535 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Harrisburg Hs (math 24% / reading 10%, grade F, #399 of 437 statewide, top 92%, 1,230 students, 100% FRL) — zoned schools average 100% FRL vs 82% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 170 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $140,000

Questions for the listing agent

1. Built in 1925 — 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. 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?
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: 1.15% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.81%
• DSCR: 1.30
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $135,994
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3211 N 4th St	0.22mi	4/1.0 (+1)	1,470 (+5%)	1mo	$185,000	$126	76
210 Lewis St	0.33mi	3/1.5	1,440 (+3%)	6mo	$179,000	$124	73
619 Geary St	0.44mi	4/1.0 (+1)	1,372 (-2%)	1mo	$130,000	$95	70
2660 Jefferson St	0.41mi	4/1.5 (+1)	1,391 (-1%)	5mo	$135,500	$97	69
3213 N 4th St	0.23mi	3/2.5	1,314 (-6%)	6mo	$210,000	$160	68
3161 N 6th St	0.20mi	3/1.5	1,216 (-13%)	1mo	$104,000	$86	66
3227 N 4th St	0.26mi	4/1.5 (+1)	1,530 (+9%)	3mo	$144,000	$94	64
652 Seneca St	0.73mi	3/1.0	1,396 (-0%)	4mo	$150,000	$107	62
2636 Reel St	0.44mi	3/1.0	1,232 (-12%)	3mo	$36,000	$29	57
625 Oxford St	0.66mi	4/1.0 (+1)	1,332 (-5%)	1mo	$94,000	$71	55
622 Ross St	0.68mi	3/1.0	1,320 (-6%)	6mo	$100,000	$76	53
2414 Reel St	0.71mi	4/1.5 (+1)	1,522 (+9%)	3mo	$168,500	$111	43

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 · 1.55% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.73×
• Total profit: $-10,749
• Equity at exit: $20,874

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-24
• Equity at exit: $12,105

Cash invested: $39,200 (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 17110

• Rents YoY: 1.6%
• Active inventory: 170
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,608 high
• Mortgage (P&I): −$734
• Tax from tax record: −$255 /mo · $3,062/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $223

Break-even live

Break-even rent $1,326

Max offer price $140,000

Occupancy floor 81%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3003 Pennwood Rd Harrisburg, PA	3.0	1.0	900	$1,395	$1.55	13d	1	0.14mi
2728 N 6th St Harrisburg, PA	4.0	2.0	1786	$1,750	$0.98	13d	1	0.29mi
2715 N 6th St Harrisburg, PA	4.0	1.0	1620	$1,650	$1.02	13d	1	0.32mi
3216 Green St Harrisburg, PA	4.0	2.0	1550	$2,200	$1.42	13d	1	0.36mi
2615 Waldo St Harrisburg, PA	3.0	1.0	1400	$1,095	$0.78	43d	1	0.46mi
514 Radnor St Harrisburg, PA	4.0	1.0	1498	$1,600	$1.07	43d	1	0.47mi
2801 N 2nd St Apt A2 Harrisburg, PA	3.0	1.5	1200	$1,495	$1.25	43d	1	0.49mi
2406 Reel St Harrisburg, PA	4.0	1.0	1500	$1,395	$0.93	43d	1	0.70mi
339 Emerald St Harrisburg, PA	3.0	1.5	1420	$1,650	$1.16	13d	1	0.86mi
2235 Logan St Harrisburg, PA	3.0	1.0	1406	$1,495	$1.06	43d	1	0.91mi
2301 N 2nd St Harrisburg, PA	2.0	1.5	1325	$1,595	$1.20	43d	1	0.93mi
2210 N 3rd St Unit 4 Harrisburg, PA	2.0	1.0	1330	$1,395	$1.05	13d	1	0.96mi
325 Woodbine St Harrisburg, PA	2.0	1.0	1706	$1,350	$0.79	23d	1	0.98mi
2118 N 4th St Harrisburg, PA	4.0	1.0	1383	$1,595	$1.15	43d	1	1.03mi
2153 Penn St Harrisburg, PA	4.0	2.0	1620	$1,995	$1.23	43d	1	1.05mi
2042 N 4th St Harrisburg, PA	3.0	1.0	1090	$1,400	$1.28	43d	1	1.11mi
2032 Susquehanna St Harrisburg, PA	4.0	1.5	1600	$1,595	$1.00	43d	1	1.17mi
269 Peffer St Harrisburg, PA	2.0	1.0	1000	$1,195	$1.20	43d	1	1.23mi
1909 N 4th St Harrisburg, PA	2.0	1.0	1000	$1,240	$1.24	43d	1	1.23mi
1841 N 4th St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	23d	1	1.27mi
1841 N 3rd St Harrisburg, PA	3.0	1.0	1376	$1,399	$1.02	13d	1	1.30mi
640 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,650	$1.28	43d	1	1.30mi
644 Kelker St Harrisburg, PA	3.0	1.0	1294	$1,295	$1.00	43d	1	1.30mi
1834 Green St Harrisburg, PA	4.0	1.0	1792	$1,495	$0.83	23d	1	1.34mi
1839 Green St Harrisburg, PA	1.0–2.0	1.0	815	$1,595	$1.96	13d	1	1.34mi
1821 N 2nd St Unit 2 Harrisburg, PA	2.0	1.0	1000	$1,299	$1.30	13d	1	1.39mi

Listing history 7 events

1. 2026-06-07
   statusdays on market $140,000 Pending 13 DOM
2. 2026-06-03
   days on market $140,000 Active 10 DOM
3. 2026-06-02
   days on market $140,000 Active 9 DOM
4. 2026-06-01
   days on market $140,000 Active 8 DOM
5. 2026-05-31
   days on market $140,000 Active 7 DOM
6. 2026-05-31
   days on market $140,000 Active 6 DOM
7. 2026-05-24
   listed $140,000 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: $3,062 · $255/mo
• Projected year-2 tax: $3,062 · $255/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 4/10 Moderate FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $19,295
• − Mortgage interest: −$7,842
• − Property taxes: −$3,062
• − Insurance: −$700
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$4,073
• Taxable income: $531
• Est. tax owed @ 24.0%: −$127
• After-tax cash flow: $2,544/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: Harrisburg City SD
• NCES district ID: 4211580
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $33,432
• Composite: 7.6/100
• National rank: #9945
• State rank: #535 of 539 in PA

Livability — Harrisburg

• Score: 84/100
• State rank: #107
• US rank: #826

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harrisburg, PA
• County: Dauphin County · 247,857 people
• City population: 184,296
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 27,364
• Household income: $80,699
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1037.0

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 0.66)
• Race & ethnicity: White 47% Black 32% Hispanic / Latino 9% Asian 7% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 3% Romanian 2% Slovak 1%
• Foreign-born: 8% · Canada, India, Vietnam
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Vietnamese 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: ▼ -144.07%
• Current HPI: 257.826
• Rent YoY: ▲ 1.55%
• 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

1 event — show timeline

• 2026-05-24 Listed $140,000 BRIGHT MLS

Property tax history

+1.0%/yr

Latest (2026): $3,062 · +1.7% YoY. Source: county tax records.