547 N Silk St · Allentown, PA 18102

$109,900

3 bd · 1.5 ba · 1,208 sqft · Townhouse public records · 14 Days on market

Built 1878 934 sqft lot $91/sqft · 25% below area Est $146k · 25% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Allentown, Center City . . 1208 sf, end of row. Walk across W Allen St to Supremo Market. 3 bedroom, 1.5 bath. Spacious EIK and living room. NEEDS WORK. Buyer responsible for CO. INVESTORS WITH CASH (only), . (3rd bedroom may not have proper egress for the city to allow sleeping). 5k non refundable deposit and POF required. Cash OFFERS ONLY. Looking to settle May 2026.

Key facts

• Built 1878
• Listed 14 days

Property features AI

Exterior

• Home design: Townhouse
• Exterior features: Lot of approximately 933.8 (unit not specified)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $589 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 12.7% vs local median 5.3% in Allentown — 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 81/100 on livability (#171 in PA, #1,440 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, employment D.
• Allentown City SD (urban): math 10% / reading 20% proficiency, ranked #513 of 539 in PA (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• At $1,693/mo this rent would consume 47% of the median local household income ($43k/yr) (locally 4313% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 22y 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 1878 — 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 $109,900

Questions for the listing agent

1. Built in 1878 — 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 D-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. 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: 1.54% ✓
• Cap rate: 12.72%
• Cash-on-cash: 22.97%
• DSCR: 2.02
• GRM: 5.4

CMA / ARV

• ARV (median comp): $145,880
• List price: $109,900
• Delta: -24.66%
• 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
526 N Fountain St	0.19mi	4/1.0 (+1)	1,186 (-2%)	1mo	$175,000	$148	81
242 Hall St	0.32mi	4/1.0 (+1)	1,200 (-1%)	3mo	$155,000	$129	75
719 W Whitehall St	0.41mi	3/1.5	1,244 (+3%)	2mo	$200,000	$161	74
517 Elliger St	0.46mi	3/1.5	1,235 (+2%)	2mo	$185,000	$150	73
816 W Allen St	0.07mi	4/2.0 (+1)	1,328 (+10%)	0mo	$165,000	$124	73
736 N Lumber St	0.20mi	4/1.0 (+1)	1,330 (+10%)	2mo	$196,000	$147	65
732 N 10th St	0.34mi	4/1.5 (+1)	1,310 (+8%)	1mo	$245,000	$187	64
384 W Gordon St	0.52mi	3/1.0	1,266 (+5%)	2mo	$200,000	$158	64
1234 W Tilghman St	0.57mi	3/1.0	1,288 (+7%)	1mo	$245,000	$190	59
616 N 12th St	0.50mi	3/2.0	1,380 (+14%)	1mo	$230,000	$167	50
737 N Jordan St	0.53mi	3/1.0	1,384 (+15%)	3mo	$215,100	$155	47
408 N 2nd St	0.75mi	4/1.5 (+1)	1,380 (+14%)	0mo	$202,500	$147	36

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 · 5.48% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 1.78×
• Total profit: $24,056
• Equity at exit: $16,386

10-year hold

• IRR: 28.7%
• Equity multiple: 3.86×
• Total profit: $88,024
• Equity at exit: $9,502

Cash invested: $30,772 (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 18102

• Rents YoY: 5.5%
• Active inventory: 167
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,693 high
• Mortgage (P&I): −$576
• Tax from tax record: −$126 /mo · $1,517/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $589

Break-even live

Break-even rent $947

Max offer price $109,900

Occupancy floor 60%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 N Lumber St Allentown, PA	4.0	1.0	756	$2,200	$2.91	14d	1	0.09mi
635 N Lumber St Allentown, PA	3.0	1.5	1117	$1,750	$1.57	2d	1	0.11mi
440 N Hall St Unit 2 Allentown, PA	2.0	1.0	989	$1,400	$1.42	43d	1	0.11mi
528 N 6th St Allentown, PA	3.0	1.0	967	$1,700	$1.76	14d	1	0.18mi
915 Tilghman St Apt 4 Allentown, PA	3.0	1.0	1250	$1,750	$1.40	23d	1	0.20mi
706 N 6th St Unit 1 Allentown, PA	2.0	1.0	800	$1,395	$1.74	14d	1	0.21mi
347 N 7th St Apt 3 Allentown, PA	3.0	1.0	1200	$1,500	$1.25	43d	1	0.22mi
814 Washington St #2 Allentown, PA	4.0	1.0	1200	$1,600	$1.33	2d	1	0.22mi
823 W Washington St Allentown, PA	4.0	1.0	1400	$1,950	$1.39	14d	1	0.25mi
535 Tilghman St Unit 1ST Allentown, PA	2.0	1.0	900	$1,495	$1.66	2d	1	0.25mi
535 Tilghman St Unit 2ND Allentown, PA	4.0	2.0	1500	$1,750	$1.17	2d	1	0.25mi
432 N Law St Allentown, PA	4.0	1.0	1328	$1,500	$1.13	14d	1	0.27mi
944 W Gordon St Allentown, PA	3.0	1.5	1146	$1,750	$1.53	23d	1	0.29mi
427 N 5th St Unit 2 Allentown, PA	2.0	1.0	800	$1,400	$1.75	14d	1	0.33mi
451 W Liberty St Allentown, PA	2.0	1.0	1126	$1,395	$1.24	43d	1	0.33mi
622 W Chew St Unit 2 Allentown, PA	3.0	1.0	1161	$1,600	$1.38	18d	1	0.33mi
209 N Eighth St Apt 2 Allentown, PA	3.0	1.0	1430	$1,550	$1.08	43d	1	0.37mi
626 Oak St Allentown, PA	3.0	1.0	1396	$1,900	$1.36	43d	1	0.37mi
218 N 6th St Apt 3 Allentown, PA	3.0	1.0	750	$1,600	$2.13	23d	1	0.40mi
1106 Tilghman St Unit 1st floor Allentown, PA	2.0	1.0	1000	$1,250	$1.25	43d	1	0.40mi
621 W Turner St Apt 14 Allentown, PA	3.0	1.0	800	$1,395	$1.74	23d	1	0.41mi
144 N 7th St Allentown, PA	2.0	1.0	850	$1,595	$1.88	23d	1	0.41mi
913 N 6th St Allentown, PA	4.0	1.0	1476	$1,698	$1.15	14d	1	0.42mi
395 W Allen St Allentown, PA	3.0	1.0	1344	$1,800	$1.34	23d	1	0.44mi
936 N 6th St Allentown, PA	3.0	1.0	1014	$1,700	$1.68	23d	1	0.45mi
832 Chestnut St Allentown, PA	3.0	1.0	1124	$2,100	$1.87	23d	1	0.46mi
408 Washington St Unit 2W Allentown, PA	2.0	1.0	1200	$1,395	$1.16	2d	1	0.47mi
407 N 4th St Allentown, PA	3.0	1.5	1321	$1,550	$1.17	23d	1	0.47mi
517 Elliger St Allentown, PA	3.0	1.5	1235	$1,700	$1.38	23d	1	0.47mi
229 Peach St Allentown, PA	3.0	2.0	882	$1,800	$2.04	14d	1	0.47mi
551 Sumner Ct Allentown, PA	3.0	1.0	1270	$1,700	$1.34	2d	1	0.48mi
107 N 7th St Allentown, PA	2.0	1.0–2.0	855	$2,972	$3.47	2d	23	0.48mi
827 Linden St Unit 829-1 Allentown, PA	2.0	2.0	1200	$1,495	$1.25	21d	1	0.49mi
829 Linden St Apt 1 Rear Allentown, PA	2.0	2.0	1200	$1,495	$1.25	23d	1	0.49mi
27 N 7th St Allentown, PA	2.0	1.0–2.0	840	$2,222	$2.64	2d	11	0.51mi
26 N 6th St Allentown, PA	1.0–2.0	1.0–2.0	953	$2,224	$2.33	2d	9	0.54mi
906 N 4th St Unit 2 Allentown, PA	2.0	1.0	1077	$1,300	$1.21	23d	1	0.55mi
801 N Jordan St Unit 3 Allentown, PA	2.0	1.0	935	$1,350	$1.44	43d	1	0.56mi
45 N 6th St Allentown, PA	2.0	1.0–2.0	1002	$3,616	$3.61	2d	13	0.56mi
835 Hamilton St Unit 509 Allentown, PA	2.0	2.0	1052	$2,399	$2.28	18d	1	0.57mi

Listing history 20 events

1. 2026-06-18
   days on market $109,900 Active 14 DOM
2. 2026-06-17
   remarks 429-char remark
3. 2026-06-17
   statusdays on marketlisting id $109,900 Active 13 DOM
4. 2026-06-01
   statusdays on market $109,900 Pending 24 DOM

   Show marketing remark (372 chars)

   Allentown, Center City . . 1208 sf, end of row. Walk across W Allen St to Supremo Market. 3 bedroom, 1.5 bath. Spacious EIK and living room. NEEDS WORK. Buyer responsible for CO. INVESTORS WITH CASH (only), . (3rd bedroom may not have proper egress for the city to allow sleeping). 5k non refundable deposit and POF required. Cash OFFERS ONLY. Looking to settle May 2026.

5. 2026-05-31
   days on market $109,900 Active 23 DOM
6. 2026-05-31
   days on market $109,900 Active 22 DOM
7. 2026-05-11
   status Pending 372-char remark

   Show marketing remark (372 chars)

   Allentown, Center City . . 1208 sf, end of row. Walk across W Allen St to Supremo Market. 3 bedroom, 1.5 bath. Spacious EIK and living room. NEEDS WORK. Buyer responsible for CO. INVESTORS WITH CASH (only), . (3rd bedroom may not have proper egress for the city to allow sleeping). 5k non refundable deposit and POF required. Cash OFFERS ONLY. Looking to settle May 2026.

8. 2026-04-24
   listed $99,900 Active 372-char remark

   Show marketing remark (372 chars)

   Allentown, Center City . . 1208 sf, end of row. Walk across W Allen St to Supremo Market. 3 bedroom, 1.5 bath. Spacious EIK and living room. NEEDS WORK. Buyer responsible for CO. INVESTORS WITH CASH (only), . (3rd bedroom may not have proper egress for the city to allow sleeping). 5k non refundable deposit and POF required. Cash OFFERS ONLY. Looking to settle May 2026.

9. 2014-06-27
   soldstatus $18,000 122-char remark

   Show marketing remark (122 chars)

   3 bedroom home perfect for an owner occupant or investor. Features a low maintainance, fenced in yard and updated windows.

10. 2014-04-08
    listed $31,900 122-char remark

    Show marketing remark (122 chars)

    3 bedroom home perfect for an owner occupant or investor. Features a low maintainance, fenced in yard and updated windows.

11. 2014-04-07
    historical
12. 2014-04-07
    historical
13. 2013-11-04
    listed $31,900
14. 2013-11-04
    listed $31,900
15. 2005-10-17
    soldstatus $44,300
16. 2005-05-26
    soldstatus $44,300
17. 2005-01-17
    listed $46,900
18. 2005-01-12
    historical
19. 2004-06-17
    listed $49,900
20. 1992-03-01
    soldstatus $46,500

ⓘ 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: $1,517 · $126/mo
• Projected year-2 tax: $1,627 · $136/mo
• Expected delta: +$110/yr (+$9/mo · 7.2%)

ⓘ 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 ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,317
• − Mortgage interest: −$6,156
• − Property taxes: −$1,517
• − Insurance: −$550
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$3,197
• Taxable income: $5,647
• Est. tax owed @ 24.0%: −$1,355
• After-tax cash flow: $5,713/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: Allentown City SD
• NCES district ID: 4202280
• Math proficiency: 10% ▼ -10.00%
• Reading proficiency: 20% ▼ -15.00%
• Median HH income: $36,337
• Composite: 12.43/100
• National rank: #9630
• State rank: #513 of 539 in PA

Livability — Allentown

• Score: 81/100
• State rank: #171
• US rank: #1440

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Allentown, PA
• County: Lehigh County · 333,019 people
• City population: 172,996
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 51,001
• Household income: $43,085
• Rent vs Own: 67.9% rent · 32.1% own
• Severe rent burden: 4313.0

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 Hispanic (69%)
• Race & ethnicity: Hispanic / Latino 69% Two or more races 28% White 18% Black 10%
• Hispanic origin (detail): Mexican 3% Puerto Rican 38% Dominican 22%
• Common ancestry: Polish 1% Romanian 1% Hispanic 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 45% English-only · Spanish 52% Arabic 2%

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: ▼ -227.01%
• Current HPI: 404.834
• Rent YoY: ▲ 5.48%
• 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

+143.0% since first listed

19 events — show timeline

• 2026-06-16 Sold (MLS) $113,000 GLVRMLS
• 2026-06-04 Listed $109,900 ForSaleByOwner.com
• 2026-06-01 Pending — GLVRMLS
• 2026-05-25 Relisted — GLVRMLS
• 2026-05-11 Pending — GLVRMLS
• 2026-05-11 Price Changed $109,900 GLVRMLS
• 2026-04-24 Listed $99,900 GLVRMLS
• 2014-06-27 Sold (MLS) $18,000 GLVRMLS
• 2014-04-08 Listed $31,900 GLVRMLS
• 2014-04-07 Listing Removed — GLVRMLS
• 2014-04-07 Listing Removed — GLVRMLS
• 2013-11-04 Listed $31,900 GLVRMLS
• 2013-11-04 Listed $31,900 GLVRMLS
• 2005-10-17 Sold (Public Records) $44,300 Public Records
• 2005-05-26 Sold (MLS) $44,300 GLVRMLS
• 2005-01-17 Listed $46,900 GLVRMLS
• 2005-01-12 Listing Removed — GLVRMLS
• 2004-06-17 Listed $49,900 GLVRMLS
• 1992-03-01 Sold (Public Records) $46,500 Public Records

Property tax history

-2.0%/yr

Latest (2026): $1,517 · +0.7% YoY. Source: county tax records.