422-424 W Taylor St · Taylor, PA 18517

$259,000

4 bd · 2.0 ba · 2,296 sqft · MultiFamily · 16 Days on market

Built 1930 Average condition 4,791 sqft lot $113/sqft · 9% above area Est $237k · 9% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• ARV discount +3.4/15.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 2 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Taylor side by side 2 Unit on level lot. Separate utilities. Tenants pay all utilities except sewer. Unit 422 tenants pays oil heat, water, electric, leased until 5/9/27. Unit 424 tenant pays gas heat, water, electric, leased until 11/22/26. Fully occupied with great tenants! All information is approximate, not warranted or guaranteed. Showings only on Thursdays btw 5-7pm and Sundays btw 11am-1pm with 24-hour notice. No exceptions.

Key facts

• 4,791 sq ft lot
• Built 1930
• Listed 16 days

Property features AI

Finance

• Financial info: Two-unit building (both units leased: Right side leased through 5/9/27; Left side leased through 11/22/26)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas connected; Electricity connected (100 Amp service)
• Home design: Multi-family residential income property; Two levels; Updated/remodeled; Built in 1930 (estimated); One common wall
• Construction: Vinyl siding; Stone foundation; Composition roof
• Exterior features: Covered front porch; Deck; Front and back yard; City street frontage

Interior

• Kitchen: Each unit has a kitchen; Electric range; Refrigerator
• Bedrooms: Four total bedrooms (two in each unit)
• Flooring: Carpet; Tile; Laminate; Combination
• Bathrooms: Two full bathrooms (one in each unit)
• Heating & cooling: Steam heating
• Interior features: Main-level laundry; Unfinished basement with walk-out and walk-up access
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $259k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $524/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $259k).
• Recommended offer: $255k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#503 in PA, #4,605 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities F, commute F.
• Riverside SD (suburban): math 30% / reading 53% proficiency, ranked #340 of 539 in PA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 24 active listings in the ZIP; 251 units permitted in Lackawanna County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lackawanna County population projected to shrink 4% 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 $73k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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.

Risks & watch-outs

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

Recommended offer $255,115 (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 1930 — 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. 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 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: 1.39% ✓
• Cap rate: 11.15%
• Cash-on-cash: 17.35%
• DSCR: 1.77
• GRM: 6.0

CMA / ARV

• ARV (median comp): $237,300
• List price: $259,000
• Delta: 9.14%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 W Taylor St	0.12mi	5/2.5 (+1)	2,000 (-13%)	20mo	$160,000	$80	49
226 228 Union St	0.25mi	5/2.5 (+1)	2,533 (+10%)	18mo	$135,000	$53	49

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: 8.7%
• Equity multiple: 1.34×
• Total profit: $24,870
• Equity at exit: $38,618

10-year hold

• IRR: 17.9%
• Equity multiple: 2.49×
• Total profit: $107,872
• Equity at exit: $22,394

Cash invested: $72,520 (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 18517

• Home prices YoY: -16.2%
• Active inventory: 24
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $3,593 high
• Mortgage (P&I): −$1,358
• Tax est. 1.5%: −$324 /mo · $3,885/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$755
• Net cashflow: $1,049

Break-even live

Break-even rent $2,266

Max offer price $259,000

Occupancy floor 66%

Sensitivity live

Price	-10% $1,228	-5% $1,138	+0% $1,049	+5% $959	+10% $870
Rent	-10% $765	-5% $907	+0% $1,049	+5% $1,191	+10% $1,332
Rate	-1.0pp $1,179	-0.5pp $1,114	base $1,049	+0.5pp $981	+1.0pp $913

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,592
Total (2 units)			$3,593

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-09
   status $259,000 Pending 16 DOM
2. 2026-06-08
   days on market $259,000 Active 16 DOM
3. 2026-06-07
   days on market $259,000 Active 15 DOM
4. 2026-06-05
   days on market $259,000 Active 12 DOM
5. 2026-06-03
   days on market $259,000 Active 11 DOM
6. 2026-06-02
   statusdays on market $259,000 Active 10 DOM
7. 2026-05-14
   listed $259,000 Active 437-char remark
8. 2022-02-03
   price $2,100
9. 2007-06-06
   listed $140,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,116
• − Mortgage interest: −$14,508
• − Property taxes: −$3,885
• − Insurance: −$1,295
• − Repairs & maintenance: −$3,449
• − Management: −$3,449
• − Depreciation: −$7,535
• Taxable income: $8,995
• Est. tax owed @ 24.0%: −$2,159
• After-tax cash flow: $10,424/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.

Condition & rehab AI · 6 photos

Average 55/100 Cosmetic rehab

A two-unit property with average condition, requiring minor repairs and updates to improve its resale and rental value.

Repairs flagged

• Minor Paint — Paint appears faded in some areas.
• Minor Siding — Siding appears weathered, paint chipping.
• Minor Kitchen cabinets — Cabinets appear dated, countertops need cleaning.
• Minor Bathroom fixtures — No visible damage, but fixtures may need updating.
• Minor HVAC/mechanicals — No visible damage, but inspection recommended.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint can improve curb appeal and interior aesthetics.
• Both Replace dated kitchen cabinets — New cabinets can enhance the kitchen's functionality and appearance.
• Both Update bathroom fixtures — Modern fixtures can improve the bathroom's functionality and appearance.
• Both Landscaping improvements — Improved landscaping can enhance curb appeal and add value to the property.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Paint appears faded in some areas.	Minor	$500–3,000
Siding · Siding appears weathered, paint chipping.	Minor	$500–3,000
Kitchen cabinets · Cabinets appear dated, countertops need cleaning.	Minor	$500–3,000
Bathroom fixtures · No visible damage, but fixtures may need updating.	Minor	$500–3,000
HVAC/mechanicals · No visible damage, but inspection recommended.	Minor	$500–3,000
Total estimated repair cost · 5 items		$2,500–15,000

Value-add ROI direction

• Both Paint exterior and interior — Fresh paint can improve curb appeal and interior aesthetics. ↑
• Both Replace dated kitchen cabinets — New cabinets can enhance the kitchen's functionality and appearance. ↑
• Both Update bathroom fixtures — Modern fixtures can improve the bathroom's functionality and appearance. ↑
• Both Landscaping improvements — Improved landscaping can enhance curb appeal and add value to the property. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Riverside SD
• NCES district ID: 4223250
• Math proficiency: 30% ▼ -7.00%
• Reading proficiency: 53% ▼ -7.00%
• Median HH income: $44,118
• Composite: 35.09/100
• National rank: #5022
• State rank: #340 of 539 in PA

Livability — Taylor

• Score: 74/100
• State rank: #503
• US rank: #4605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, PA
• City population: 5,192
• Population (ZIP): 5,192

Population outlook (Lackawanna County) Hauer SSP2

• Today (2025): 210,652 people
• By 2030: 208,623 · -1.0%
• By 2040: 203,980 · -3.2%
• By 2050: 201,069 · -4.5%
• By 2075: 205,026 · -2.7%
• By 2100: 210,851 · +0.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 14% Two or more races 8% Black 3% Asian 2%
• Hispanic origin (detail): Puerto Rican 7% Dominican 5%
• Common ancestry: Romanian 20% Subsaharan African 3% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 6% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Lackawanna

• 2024 margin: Toss-up / Even · D 51.0% · R 48.3%
• 2008→2024 swing: -23.2pp toward R · 2008: 26.0pp · 2024: 2.8pp
• All cycles: 2024: D+2.8 2020: D+8.4 2016: D+3.4 2012: D+27.4 2008: D+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.05%
• Current HPI: 186.5628
• 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

+85.0% since first listed

6 events — show timeline

• 2026-06-09 Pending — GSBR as distributed by MLS GRID
• 2026-06-01 Relisted — GSBR as distributed by MLS GRID
• 2026-05-23 Pending — GSBR as distributed by MLS GRID
• 2026-05-14 Listed $259,000 GSBR as distributed by MLS GRID
• 2022-02-03 Price Changed $2,100 RENT.
• 2007-06-06 Listed $140,000 PMAR