361-367 Link Rd · Chest Springs, PA 15940

$389,000

None bd · 16.0 ba · 3,312 sqft · MultiFamily · 280 Days on market

Built 1979 2.10 ac lot

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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 +17.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• 1% rule +4.3/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

This is a very unique investment property due to size of lot, quality of work and endless possibilities with location. This 4 unit apartment building sitting in the country side has been completely gutted and renovated. Newer roof, windows, doors, floors, walls, kitchens and bathrooms, lighting throughout. It doesn't stop there though as there are additional connections on site from an old trailer that was removed for another possible building. With over 2 acres you could possibly place storage units on the lot to maximize your investment. Top two units are completed. Bottom 2 units have materials for completion and will be done before closing. Also making this property unique is that it is well and septic. No water bills to think about. Run don't walk to this one of a kind property. Buyer to verify all measurements.

Key facts

• Size of lot
• Renovated
• Newer roof

Tags

• INVESTMENT PROPERTY
• SIZE OF LOT
• COMPLETELY GUTTED
• RENOVATED
• NEWER ROOF
• NEWER WINDOWS

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1-bath units multifamily listed at $389k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/yr) — positive. Per door: $77/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $361k (7.1% below list).
• Recommended offer: $342k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#1,226 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: schools D-, amenities F, commute F.
• Penn Cambria SD (town): math 29% / reading 57% proficiency, ranked #304 of 539 in PA (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 6 active listings in the ZIP; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $42k of equity ($3k loan paydown + $39k appreciation (10.0% local appreciation)).
• Cambria County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $109k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 280 days — a 12% lower offer ($342k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $223k; list at $389k implies a 74% gain — meaningful room to come down on a strong offer.

Recommended offer $342,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 280 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 0.93% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.38%
• DSCR: 1.15
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 3.12×
• Total profit: $231,381
• Equity at exit: $350,442

10-year hold

• IRR: 23.4%
• Equity multiple: 7.11×
• Total profit: $665,938
• Equity at exit: $755,741

Cash invested: $108,920 (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 15940

• Home prices YoY: 18.3%
• Active inventory: 6
• Price-to-rent: 35.9×

Monthly cashflow live

• Estimated rent: $3,612 medium
• Mortgage (P&I): −$2,040
• Tax from tax record: −$344 /mo · $4,133/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$759
• Net cashflow: $307

Break-even live

Break-even rent $3,223

Max offer price $389,000

Occupancy floor 86%

Sensitivity live

Price	-10% $527	-5% $417	+0% $307	+5% $197	+10% $87
Rent	-10% $22	-5% $164	+0% $307	+5% $450	+10% $592
Rate	-1.0pp $503	-0.5pp $406	base $307	+0.5pp $206	+1.0pp $104

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

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$3,612
Total (4 units)			$3,612

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: $97,250
• Closing costs: $11,670
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $389,000 Active 280 DOM
2. 2026-06-18
   days on market $389,000 Active 279 DOM
3. 2026-06-17
   days on market $389,000 Active 278 DOM
4. 2026-06-16
   days on market $389,000 Active 277 DOM
5. 2026-06-15
   days on market $389,000 Active 276 DOM
6. 2026-06-14
   days on market $389,000 Active 274 DOM
7. 2026-06-13
   days on market $389,000 Active 273 DOM
8. 2026-06-10
   days on market $389,000 Active 271 DOM
9. 2026-06-09
   days on market $389,000 Active 270 DOM
10. 2026-06-08
    days on market $389,000 Active 269 DOM
11. 2026-06-07
    days on market $389,000 Active 268 DOM
12. 2026-06-03
    days on market $389,000 Active 264 DOM
13. 2026-06-02
    days on market $389,000 Active 263 DOM
14. 2026-06-01
    days on market $389,000 Active 262 DOM
15. 2026-05-31
    days on market $389,000 Active 261 DOM
16. 2026-05-30
    days on market $389,000 Active 260 DOM
17. 2026-05-09
    price $389,000 828-char remark

    Show marketing remark (828 chars)

    This is a very unique investment property due to size of lot, quality of work and endless possibilities with location. This 4 unit apartment building sitting in the country side has been completely gutted and renovated. Newer roof, windows, doors, floors, walls, kitchens and bathrooms, lighting throughout. It doesn't stop there though as there are additional connections on site from an old trailer that was removed for another possible building. With over 2 acres you could possibly place storage units on the lot to maximize your investment. Top two units are completed. Bottom 2 units have materials for completion and will be done before closing. Also making this property unique is that it is well and septic. No water bills to think about. Run don't walk to this one of a kind property. Buyer to verify all measurements.

18. 2025-09-12
    listed $399,900 Active 828-char remark

    Show marketing remark (828 chars)

    This is a very unique investment property due to size of lot, quality of work and endless possibilities with location. This 4 unit apartment building sitting in the country side has been completely gutted and renovated. Newer roof, windows, doors, floors, walls, kitchens and bathrooms, lighting throughout. It doesn't stop there though as there are additional connections on site from an old trailer that was removed for another possible building. With over 2 acres you could possibly place storage units on the lot to maximize your investment. Top two units are completed. Bottom 2 units have materials for completion and will be done before closing. Also making this property unique is that it is well and septic. No water bills to think about. Run don't walk to this one of a kind property. Buyer to verify all measurements.

19. 2022-11-21
    soldstatus $223,000

ⓘ 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: $4,133 · $344/mo
• Projected year-2 tax: $5,140 · $428/mo
• Expected delta: +$1,007/yr (+$84/mo · 24.4%)

ⓘ 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 2/10 Low 7 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,344
• − Mortgage interest: −$21,790
• − Property taxes: −$4,133
• − Insurance: −$1,945
• − Repairs & maintenance: −$3,468
• − Management: −$3,468
• − Depreciation: −$11,316
• Taxable loss: −$2,775
• Est. tax savings @ 24.0%: +$666
• After-tax cash flow: $4,350/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: Penn Cambria SD
• NCES district ID: 4213770
• Math proficiency: 29% ▼ -21.00%
• Reading proficiency: 57% ▼ -12.00%
• Median HH income: $45,952
• Composite: 36.48/100
• National rank: #4657
• State rank: #304 of 539 in PA

Livability — Chest Springs

• Score: 64/100
• State rank: #1226
• US rank: #14590

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,823

Population outlook (Cambria County) Hauer SSP2

• Today (2025): 122,754 people
• By 2030: 115,827 · -5.6%
• By 2040: 101,309 · -17.5%
• By 2050: 88,379 · -28.0%
• By 2075: 65,237 · -46.9%
• By 2100: 46,909 · -61.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 11% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 6% Serbian 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Cambria

• 2024 margin: Solid R (+39.7) · D 29.8% · R 69.5%
• 2008→2024 swing: -40.4pp toward R · 2008: 0.7pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.3 2016: R+37.8 2012: R+17.8 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 22.07%
• Current HPI: 142.95
• 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

+74.4% since first listed

3 events — show timeline

• 2026-05-09 Price Changed $389,000 AHARMLS
• 2025-09-12 Listed $399,900 AHARMLS
• 2022-11-21 Sold (Public Records) $223,000 Public Records

Property tax history

+0.9%/yr

Latest (2026): $4,133 · +3.6% YoY. Source: county tax records.