22 Walnut St · Nanticoke, PA 18634

$100,000

3 bd · 1.0 ba · 1,622 sqft · SingleFamily public records · 310 Days on market

Built 1930 2,614 sqft lot $62/sqft · 28% below area Est $136k · 26% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Alert. .. this 3-bedroom, 1-bath half double is already rented and generating income. Featuring beautiful original woodwork and solid construction, it's a hassle-free addition to your portfolio. No rehab needed. .. just collect rent from day one. With its classic charm and stable occupancy, this property is ideal for any investor looking to expand with minimal effort.

Key facts

• Solid construction
• Original woodwork
• 2,614 sq ft lot

Tags

• ORIGINAL WOODWORK
• SOLID CONSTRUCTION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 6.3% in Nanticoke — 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 (#520 in PA, #4,791 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F, employment D-.
• Greater Nanticoke Area SD (suburban): math 14% / reading 34% proficiency, ranked #479 of 539 in PA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 59 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 310 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $31k; list at $100k implies a 223% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 310 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 1930 — 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: 1.48% ✓
• Cap rate: 12.16%
• Cash-on-cash: 20.94%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

• ARV (median comp): $135,574
• List price: $100,000
• Delta: -26.24%
• 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
219 Spring St	0.04mi	3/1.5	1,589 (-2%)	2mo	$65,000	$41	91
127 Walnut St	0.06mi	3/1.5	1,806 (+11%)	3mo	$210,000	$116	74
23 Church St	0.30mi	3/1.5	1,523 (-6%)	3mo	$200,000	$131	72
321 Main St	0.55mi	3/1.0	1,547 (-5%)	3mo	$70,000	$45	64
339 Broad St	0.24mi	4/1.5 (+1)	1,800 (+11%)	2mo	$200,000	$111	62
314 Main St	0.55mi	4/2.0 (+1)	1,650 (+2%)	3mo	$155,500	$94	60
124 Rear Hanover St	0.32mi	3/1.0	1,384 (-15%)	3mo	$106,400	$77	59
719 Prospect St	0.44mi	3/1.5	1,436 (-12%)	4mo	$173,500	$121	55
414 Field St	0.72mi	3/1.0	1,520 (-6%)	2mo	$154,500	$102	54
416 E Washington St	0.62mi	3/1.5	1,800 (+11%)	2mo	$5,000	$3	49
711 Hanover St	0.52mi	3/1.5	1,852 (+14%)	3mo	$229,000	$124	48
131 Union St	0.62mi	2/1.0 (-1)	1,406 (-13%)	0mo	$136,000	$97	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.53×
• Total profit: $14,927
• Equity at exit: $14,910

10-year hold

• IRR: 22.2%
• Equity multiple: 2.90×
• Total profit: $53,131
• Equity at exit: $8,646

Cash invested: $28,000 (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 18634

• Home prices YoY: -29.1%
• Active inventory: 59
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,482 high
• Mortgage (P&I): −$524
• Tax from tax record: −$116 /mo · $1,397/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $489

Break-even live

Break-even rent $864

Max offer price $100,000

Occupancy floor 62%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
295 State St Nanticoke, PA	3.0	1.0	1781	$1,600	$0.90	13d	1	0.12mi
260 E Green St Nanticoke, PA	3.0	1.5	1350	$1,400	$1.04	43d	1	0.17mi
61 W Main St Nanticoke, PA	3.0	1.0	1300	$1,350	$1.04	13d	1	0.29mi
121 E Grand St Nanticoke, PA	3.0	1.5	1350	$1,500	$1.11	43d	1	0.50mi
222 Honey Pot St Nanticoke, PA	2.0	1.0	1072	$1,200	$1.12	13d	1	1.08mi

Listing history 26 events

1. 2026-06-18
   days on market $100,000 Active 310 DOM
2. 2026-06-17
   days on market $100,000 Active 309 DOM
3. 2026-06-16
   days on market $100,000 Active 308 DOM
4. 2026-06-15
   days on market $100,000 Active 307 DOM
5. 2026-06-14
   days on market $100,000 Active 305 DOM
6. 2026-06-13
   days on market $100,000 Active 304 DOM
7. 2026-06-10
   days on market $100,000 Active 302 DOM
8. 2026-06-09
   days on market $100,000 Active 301 DOM
9. 2026-06-08
   days on market $100,000 Active 300 DOM
10. 2026-06-07
    days on market $100,000 Active 299 DOM
11. 2026-06-05
    days on market $100,000 Active 296 DOM
12. 2026-06-02
    days on market $100,000 Active 294 DOM
13. 2026-06-01
    days on market $100,000 Active 293 DOM
14. 2026-05-31
    days on market $100,000 Active 292 DOM
15. 2026-05-30
    days on market $100,000 Active 291 DOM
16. 2026-02-04
    price $100,000 379-char remark

    Show marketing remark (379 chars)

    Investor Alert. .. this 3-bedroom, 1-bath half double is already rented and generating income. Featuring beautiful original woodwork and solid construction, it's a hassle-free addition to your portfolio. No rehab needed. .. just collect rent from day one. With its classic charm and stable occupancy, this property is ideal for any investor looking to expand with minimal effort.

17. 2025-08-12
    listed $115,000 Active 379-char remark

    Show marketing remark (379 chars)

    Investor Alert. .. this 3-bedroom, 1-bath half double is already rented and generating income. Featuring beautiful original woodwork and solid construction, it's a hassle-free addition to your portfolio. No rehab needed. .. just collect rent from day one. With its classic charm and stable occupancy, this property is ideal for any investor looking to expand with minimal effort.

18. 2023-06-28
    soldstatus $31,000 Closed 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

19. 2023-06-01
    status Pending 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

20. 2023-05-13
    price $45,000 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

21. 2023-05-05
    status Active 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

22. 2023-03-30
    status Pending 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

23. 2023-03-14
    price $57,900 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

24. 2023-03-06
    listed $63,900 Active 328-char remark

    Show marketing remark (328 chars)

    Back on the market!!! NO FAULT OF SELLER. Investor special!!! Half of a duplex in Nanticoke school district. Property has beautiful wood work and stain glass. Hardwood floors throughout. With some love you can restore the beauty to this home. Home is being sold AS-IS. Bring your cash offers! Seller is requesting a cash sale.

25. 2021-07-16
    soldstatus $31,000
26. 2021-06-14
    listed $30,000

ⓘ 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: $1,397 · $116/mo
• Projected year-2 tax: $1,489 · $124/mo
• Expected delta: +$91/yr (+$8/mo · 6.5%)

ⓘ 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 8 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $17,788
• − Mortgage interest: −$5,602
• − Property taxes: −$1,397
• − Insurance: −$500
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$2,909
• Taxable income: $4,534
• Est. tax owed @ 24.0%: −$1,088
• After-tax cash flow: $4,774/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: Greater Nanticoke Area SD
• NCES district ID: 4216290
• Math proficiency: 14% ▼ -8.00%
• Reading proficiency: 34% ▼ -14.00%
• Median HH income: $38,990
• Composite: 20.1/100
• National rank: #8647
• State rank: #479 of 539 in PA

Livability — Nanticoke

• Score: 74/100
• State rank: #520
• US rank: #4791

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Nanticoke, PA
• Population (ZIP): 13,638

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 10% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 3%
• Common ancestry: Romanian 31% Polish 3% Hispanic 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 7% French/Haitian/Cajun 2%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.20%
• Current HPI: 246.8063
• 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

+233.3% since first listed

11 events — show timeline

• 2026-02-04 Price Changed $100,000 LCAR
• 2025-08-12 Listed $115,000 LCAR
• 2023-06-28 Sold (MLS) $31,000 LCAR
• 2023-06-01 Pending — LCAR
• 2023-05-13 Price Changed $45,000 LCAR
• 2023-05-05 Relisted — LCAR
• 2023-03-30 Pending — LCAR
• 2023-03-14 Price Changed $57,900 LCAR
• 2023-03-06 Listed $63,900 LCAR
• 2021-07-16 Sold (MLS) $31,000 LCAR
• 2021-06-14 Listed $30,000 LCAR

Property tax history

+2.3%/yr

Latest (2026): $1,397 · +4.4% YoY. Source: county tax records.