417 Lincoln St · Steelton, PA 17113

$149,500

3 bd · 1.0 ba · 1,176 sqft · Townhouse public records · 7 Days on market

Built 1900 3,485 sqft lot Est $129k · 16% over

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Why this score? — see what drove the D- 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 +17.5/30.0
• DSCR +5.5/10.0
• 1% rule +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.5/15.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 417 Lincoln Street in Steelton! This charming semi-detached home offers a bright, refreshed interior with spacious living and dining areas, neutral paint, updated flooring, and classic trim details throughout. The kitchen features white cabinetry, gas cooking, built-in microwave, dishwasher, refrigerator, and a bonus/flex area off the kitchen for added functionality. Upstairs you’ll find three bedrooms, a full bath, and convenient stacked laundry. The unfinished attic and full basement provide plenty of storage space. Enjoy outdoor living with a covered front porch, rear covered patio, yard, private parking in rear, and an in-town location close to local amenities, commuter

Key facts

• Refreshed interior
• Gas cooking
• Dishwasher

Tags

• REFRESHED INTERIOR
• UPDATED FLOORING
• WHITE CABINETRY
• GAS COOKING
• BUILT-IN MICROWAVE
• DISHWASHER

Property features AI

Finance

• Other: Pets allowed with no pet restrictions; Not located in a federal flood zone
• Financial info: Lease not considered
• HOA & community: Ground rent paid annually

Exterior

• Parking: Private parking; 1 total garage/parking space; 1 off-street space; On-street parking available
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Electric service available; Natural gas available
• Home design: Semi-detached property; Estimated year built with effective year 2026; Excellent condition; Fee simple ownership; Building not winterized; Entry and orientation details not provided
• Construction: Frame construction with vinyl siding; Stone foundation; Shingle roof; Other structures both above and below grade
• Exterior features: Satellite dish; Sidewalks; Street lights; Exterior lighting; Rear yard; Patio(s); Porch(es)

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas oven/range; Refrigerator; Energy-efficient appliances
• Bedrooms: 3 bedrooms on the main upper level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heat; Natural gas heating; Natural gas hot water
• Interior features: Attic; Tub with shower; Dining area; Traditional floor plan; Window treatments; Drywall walls and ceilings; Not furnished; 7 total rooms
• Laundry & utility: Washer and dryer in unit; Stacked washer/dryer option; Electric dryer

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $114 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (6.5% below list).
• Recommended offer: $140k (6.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#971 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Steelton-Highspire SD (suburban): math 2% / reading 9% proficiency, ranked #538 of 539 in PA (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Steelton-Highspire El Sch (math 2% / reading 12%, grade F, #1,491 of 1,518 statewide, top 98%, 738 students, 100% FRL); Steelton-Highspire Hs (math 2% / reading 6%, grade F, #434 of 437 statewide, top 99%, 599 students, 100% FRL) — zoned schools average 100% FRL vs 68% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 68 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $139,850 (6.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.94% ✗
• Cap rate: 7.21%
• Cash-on-cash: 3.28%
• DSCR: 1.15
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $129,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Reading St	0.06mi	3/1.0	1,198 (+2%)	11mo	$140,000	$117	85
414 Reading St	0.06mi	3/1.0	1,198 (+2%)	13mo	$159,900	$133	83
413 Reading St	0.06mi	3/1.0	1,075 (-9%)	6mo	$115,000	$107	78
174 Lincoln St	0.19mi	4/1.0 (+1)	1,207 (+3%)	8mo	$154,900	$128	75
327 Lincoln St	0.06mi	4/2.0 (+1)	1,298 (+10%)	4mo	$140,000	$108	68
331 Swatara St	0.49mi	3/1.5	1,206 (+3%)	8mo	$75,000	$62	64
335 Poplar St	0.34mi	3/1.0	1,347 (+14%)	1mo	$110,500	$82	59
544 Spruce St	0.63mi	3/1.0	1,260 (+7%)	1mo	$120,000	$95	58
334 Swatara St	0.52mi	3/1.0	1,076 (-8%)	6mo	$115,000	$107	56
726 N 2nd St	0.51mi	3/1.5	1,274 (+8%)	7mo	$187,333	$147	54
421 Catherine St	0.54mi	3/1.0	1,004 (-15%)	2mo	$110,000	$110	49
600 Yale St #1407	0.70mi	2/2.5 (-1)	1,296 (+10%)	0mo	$210,000	$162	39

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: -11.1%
• Equity multiple: 0.60×
• Total profit: $-16,944
• Equity at exit: $22,291

10-year hold

• IRR: -1.9%
• Equity multiple: 0.87×
• Total profit: $-5,393
• Equity at exit: $12,926

Cash invested: $41,860 (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 17113

• Home prices YoY: -16.3%
• Active inventory: 68
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,398 high
• Mortgage (P&I): −$784
• Tax from tax record: −$144 /mo · $1,729/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $114

Break-even live

Break-even rent $1,254

Max offer price $149,500

Occupancy floor 87%

Sensitivity live

Price	-10% $199	-5% $157	+0% $114	+5% $72	+10% $30
Rent	-10% $4	-5% $59	+0% $114	+5% $170	+10% $225
Rate	-1.0pp $190	-0.5pp $152	base $114	+0.5pp $76	+1.0pp $36

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
325 Lincoln St Steelton, PA	3.0	1.0	1186	$1,250	$1.05	15d	1	0.04mi
314 Lincoln St Steelton, PA	3.0	1.0	1264	$1,595	$1.26	15d	1	0.06mi
322 Pine St Unit 2 Steelton, PA	3.0	1.0	1100	$995	$0.90	45d	1	0.29mi
508 N 2nd St Steelton, PA	3.0	1.5	1360	$1,450	$1.07	15d	1	0.38mi
589 Yale St Harrisburg, PA	2.0	2.0	911	$1,549	$1.70	15d	1	0.60mi
25 Chestnut St Steelton, PA	3.0	1.0	1146	$1,250	$1.09	15d	1	0.68mi
640 S 2nd St Steelton, PA	3.0	1.5	1290	$1,400	$1.09	25d	1	1.16mi
971 Monroe St Harrisburg, PA	2.0	1.5	1120	$1,600	$1.43	15d	1	1.27mi
1728 Paxton St Harrisburg, PA	3.0	1.5	1320	$1,295	$0.98	15d	1	1.33mi
649 S 23rd St Unit 1 Harrisburg, PA	3.0	1.0	1450	$1,465	$1.01	45d	1	1.40mi
649 S 23rd St Harrisburg, PA	3.0	1.0	1450	$1,465	$1.01	23d	1	1.40mi
110 Ross Ave New Cumberland, PA	2.0	1.5	1194	$1,650	$1.38	45d	1	1.44mi

Listing history 6 events

1. 2026-06-02
   status $149,500 Pending 7 DOM
2. 2026-06-01
   days on market $149,500 Active 7 DOM
3. 2026-05-31
   days on market $149,500 Active 6 DOM
4. 2026-05-31
   pricestatus $149,500 Active 5 DOM
5. 2026-05-13
   status Pending
6. 2026-05-08
   listed $135,000 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: $1,729 · $144/mo
• Projected year-2 tax: $2,046 · $170/mo
• Expected delta: +$316/yr (+$26/mo · 18.3%)

ⓘ 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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,782
• − Mortgage interest: −$8,374
• − Property taxes: −$1,729
• − Insurance: −$748
• − Repairs & maintenance: −$1,343
• − Management: −$1,343
• − Depreciation: −$4,349
• Taxable loss: −$1,104
• Est. tax savings @ 24.0%: +$265
• After-tax cash flow: $1,638/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: Steelton-Highspire SD
• NCES district ID: 4222800
• Math proficiency: 2% ▼ -4.00%
• Reading proficiency: 9% ▼ -12.00%
• Median HH income: $40,685
• Composite: 4.98/100
• National rank: #10040
• State rank: #538 of 539 in PA

Livability — Steelton

• Score: 67/100
• State rank: #971
• US rank: #10606

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steelton, PA
• County: Dauphin County · 247,857 people
• City population: 19,401
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 11,724
• Household income: $68,244
• Rent vs Own: 37.6% rent · 62.4% own
• Severe rent burden: 338.0

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 0.67)
• Race & ethnicity: White 48% Hispanic / Latino 24% Black 22% Two or more races 19% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 11% Cuban 2%
• Common ancestry: Romanian 1% Lithuanian 1% Iranian 1%
• Foreign-born: 7% · Canada, India
• Languages at home: 80% English-only · Spanish 17% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -54.73%
• Current HPI: 281.6906
• Rent YoY: —
• 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

2 events — show timeline

• 2026-05-13 Pending — BRIGHT MLS
• 2026-05-08 Listed $135,000 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2026): $1,729 · +7.2% YoY. Source: county tax records.