211 N 2nd St · Harrisburg, PA 17113

$159,999

4 bd · 1.0 ba · 2,058 sqft · SingleFamily public records · 32 Days on market

Built 1900 436 sqft lot $78/sqft · 37% below area Est $213k · 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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.3/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

Key facts

• Built 1900
• Listed 32 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas heating and hot water
• Home design: Semi-detached; Frame construction
• Construction: Stone foundation; Above-grade and below-grade structures
• Exterior features: Not in a federal flood zone; Ground rent paid annually

Interior

• Bedrooms: Three bedrooms on the first upper level; One bedroom on the second upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Full basement; Multiple access exits

🏷️ Possibly a rental listed for sale. The $159,999 price doesn't fit this home's estimated sale value (~$213,075) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $400 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 6.6% in Harrisburg — 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 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: schools C-, 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.
• Market conditions: 68 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).
• This rent runs 32% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,199 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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: 1.13% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.72%
• DSCR: 1.48
• GRM: 7.4

CMA / ARV

• ARV (median comp): $213,075
• List price: $159,999
• Delta: -24.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 Boas St	0.46mi	3/3.5 (-1)	2,011 (-2%)	12mo	$225,000	$112	50

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-467
• Equity at exit: $23,856

10-year hold

• IRR: 9.4%
• Equity multiple: 1.72×
• Total profit: $32,322
• Equity at exit: $13,834

Cash invested: $44,800 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,809 high
• Mortgage (P&I): −$839
• Tax from tax record: −$123 /mo · $1,481/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $400

Break-even live

Break-even rent $1,303

Max offer price $159,999

Occupancy floor 73%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 Chestnut St Harrisburg, PA	1.0–4.0	1.0–2.5	1437	$2,600	$1.81	43d	1	0.30mi
301 Chestnut St Harrisburg, PA	4.0	1.0–2.5	1437	$3,000	$2.09	14d	10	0.30mi
919 Penn St Harrisburg, PA	3.0	2.0	1458	$1,795	$1.23	23d	1	0.44mi
1202 Penn St Harrisburg, PA	4.0	1.0	1706	$1,495	$0.88	43d	1	0.60mi
1330 Susquehanna St Harrisburg, PA	4.0	1.5	2280	$1,895	$0.83	23d	1	0.71mi
1207 Market St Harrisburg, PA	4.0	1.5	1423	$1,995	$1.40	43d	1	0.72mi
52 Balm St Harrisburg, PA	3.0	1.0	1950	$1,495	$0.77	21d	1	0.75mi
227 Hummel St Harrisburg, PA	5.0	2.0	2696	$1,600	$0.59	43d	1	0.76mi
331 Hummel St Unit B Harrisburg, PA	3.0	1.0	1590	$1,800	$1.13	43d	1	0.80mi
349 S 14th St Harrisburg, PA	3.0	1.0	1544	$1,450	$0.94	23d	1	0.94mi
1414 Berryhill St Harrisburg, PA	5.0	2.0	1786	$1,700	$0.95	23d	1	1.00mi
337 S 15th St Harrisburg, PA	3.0	1.0	1440	$1,195	$0.83	21d	1	1.01mi
1716 N 6th St Harrisburg, PA	4.0	3.5	2400	$2,200	$0.92	43d	1	1.07mi
1716 N 6th St Unit NA Harrisburg, PA	4.0	4.0	2400	$2,000	$0.83	23d	1	1.07mi
14 S 17th St Harrisburg, PA	5.0	2.0	2136	$1,695	$0.79	14d	1	1.09mi
66 N 17th St Harrisburg, PA	5.0	2.0	1845	$2,195	$1.19	43d	1	1.11mi
1610 Hunter St Harrisburg, PA	4.0	1.0	1776	$1,450	$0.82	23d	1	1.13mi
111 N 17th St Harrisburg, PA	5.0	1.0	1800	$1,850	$1.03	14d	1	1.16mi
1834 Green St Harrisburg, PA	4.0	1.0	1792	$1,495	$0.83	23d	1	1.17mi
1708 State St Harrisburg, PA	5.0	1.5	2320	$1,745	$0.75	21d	1	1.19mi
616 N Front St Lemoyne, PA	3.0	1.0	1408	$1,650	$1.17	43d	1	1.23mi
407 Herman Ave Lemoyne, PA	3.0	2.0	1400	$2,100	$1.50	21d	1	1.33mi
2032 Susquehanna St Harrisburg, PA	4.0	1.5	1600	$1,595	$1.00	43d	1	1.34mi
320 Maclay St Harrisburg, PA	3.0	2.5	2237	$1,750	$0.78	14d	1	1.40mi
2153 Penn St Harrisburg, PA	4.0	2.0	1620	$1,995	$1.23	43d	1	1.50mi

Listing history 12 events

1. 2026-04-25
   listed $159,999 Active 323-char remark
2. 2024-10-08
   historical
3. 2024-04-10
   listed $120,000 Active
4. 2022-05-31
   soldstatus $55,000
5. 2022-05-27
   soldstatus $67,500 Closed

   Show marketing remark (274 chars)

   Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

6. 2022-01-11
   status Pending

   Show marketing remark (274 chars)

   Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

7. 2021-12-14
   price $82,500

   Show marketing remark (274 chars)

   Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

8. 2021-10-25
   price $1,950,000

   Show marketing remark (274 chars)

   Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

9. 2021-10-12
   listed $2,150,000 Active

   Show marketing remark (274 chars)

   Now being sold individually or as part of a package of single or multi family homes in Steelton. This building is a 4 bedrooms/1 bath. Currently rents at $973/month with potential rent of $1155. Tenant pays all utilities. Long term lease with lease going through 5/31/2022.

10. 2020-05-22
    soldstatus $735,000
11. 1994-09-30
    soldstatus $19,290
12. 1986-08-04
    soldstatus $17,500

ⓘ 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: $1,481 · $123/mo
• Projected year-2 tax: $2,004 · $167/mo
• Expected delta: +$524/yr (+$44/mo · 35.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $21,709
• − Mortgage interest: −$8,962
• − Property taxes: −$1,481
• − Insurance: −$800
• − Repairs & maintenance: −$1,737
• − Management: −$1,737
• − Depreciation: −$4,655
• Taxable income: $2,338
• Est. tax owed @ 24.0%: −$561
• After-tax cash flow: $4,240/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: 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

+842.9% since first listed

14 events — show timeline

• 2026-06-05 Sold (MLS) $165,000 BRIGHT MLS
• 2026-05-27 Pending — BRIGHT MLS
• 2026-04-25 Listed $159,999 BRIGHT MLS
• 2024-10-08 Listing Removed — BRIGHT MLS
• 2024-04-10 Listed $120,000 BRIGHT MLS
• 2022-05-31 Sold (Public Records) $55,000 Public Records
• 2022-05-27 Sold (MLS) $67,500 BRIGHT MLS
• 2022-01-11 Pending — BRIGHT MLS
• 2021-12-14 Price Changed $82,500 BRIGHT MLS
• 2021-10-25 Price Changed $1,950,000 BRIGHT MLS
• 2021-10-12 Listed $2,150,000 BRIGHT MLS
• 2020-05-22 Sold (Public Records) $735,000 Public Records
• 1994-09-30 Sold (Public Records) $19,290 Public Records
• 1986-08-04 Sold (Public Records) $17,500 Public Records

Property tax history

+1.2%/yr

Latest (2026): $1,481 · +7.2% YoY. Source: county tax records.