508 N Nagle St · Allentown, PA 18102

$149,000

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 124 Days on market

Built 1900 983 sqft lot $166/sqft · 20% above area Est $155k · at est.

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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 +28.4/30.0
• DSCR +10.0/10.0
• ARV discount +9.2/15.0
• 1% rule +7.1/10.0
• 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

Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

Key facts

• New toilets
• New vanity
• Updated bathrooms

Tags

• RENOVATED INTERIOR
• NEWER GAS FURNACE
• UPDATED BATHROOMS
• NEW TOILETS
• NEW VANITY
• NEW KITCHEN COUNTERS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $481 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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 25d 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 $1,802/mo this rent would consume 50% 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 $1k of loan paydown is wiped out by about $4k 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 $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $149k implies a 442% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 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 1900 — 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. 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?
6. 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.
7. 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.
8. 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: 1.21% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.82%
• DSCR: 1.62
• GRM: 6.9

CMA / ARV

• ARV (median comp): $154,862
• List price: $149,000
• Delta: -3.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 North St	0.52mi	2/1.0 (-1)	820 (-8%)	14mo	$120,000	$146	45

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: 6.6%
• Equity multiple: 1.26×
• Total profit: $11,045
• Equity at exit: $22,216

10-year hold

• IRR: 17.9%
• Equity multiple: 2.65×
• Total profit: $68,819
• Equity at exit: $12,883

Cash invested: $41,720 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,802 high
• Mortgage (P&I): −$781
• Tax from tax record: −$100 /mo · $1,195/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $481

Break-even live

Break-even rent $1,194

Max offer price $149,000

Occupancy floor 68%

Sensitivity live

Price	-10% $565	-5% $523	+0% $481	+5% $438	+10% $396
Rent	-10% $338	-5% $409	+0% $481	+5% $552	+10% $623
Rate	-1.0pp $556	-0.5pp $518	base $481	+0.5pp $442	+1.0pp $403

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: $37,250
• Closing costs: $4,470
• 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	15d	1	0.01mi
440 N Hall St Unit 2 Allentown, PA	2.0	1.0	989	$1,400	$1.42	45d	1	0.11mi
635 N Lumber St Allentown, PA	3.0	1.5	1117	$1,750	$1.57	4d	1	0.13mi
528 N 6th St Allentown, PA	3.0	1.0	967	$1,700	$1.76	15d	1	0.25mi
706 N 6th St Unit 1 Allentown, PA	2.0	1.0	800	$1,395	$1.74	15d	1	0.30mi
535 Tilghman St Unit 1ST Allentown, PA	2.0	1.0	900	$1,495	$1.66	4d	1	0.34mi
1106 Tilghman St Unit 1st floor Allentown, PA	2.0	1.0	1000	$1,250	$1.25	45d	1	0.35mi
427 N 5th St Unit 2 Allentown, PA	2.0	1.0	800	$1,400	$1.75	15d	1	0.38mi
144 N 7th St Allentown, PA	2.0	1.0	850	$1,595	$1.88	24d	1	0.39mi
229 Peach St Allentown, PA	3.0	2.0	882	$1,800	$2.04	15d	1	0.39mi
218 N 6th St Apt 3 Allentown, PA	3.0	1.0	750	$1,600	$2.13	24d	1	0.40mi
621 W Turner St Apt 14 Allentown, PA	3.0	1.0	800	$1,395	$1.74	24d	1	0.40mi
832 Chestnut St Allentown, PA	3.0	1.0	1124	$2,100	$1.87	24d	1	0.40mi
107 N 7th St Allentown, PA	2.0	1.0–2.0	855	$2,972	$3.47	4d	23	0.46mi
27 N 7th St Allentown, PA	2.0	1.0–2.0	840	$2,222	$2.64	4d	11	0.48mi
835 Hamilton St Unit 509 Allentown, PA	2.0	2.0	1052	$2,399	$2.28	20d	1	0.52mi
835 Hamilton St Unit 409 Allentown, PA	2.0	2.0	1052	$2,374	$2.26	20d	1	0.52mi
25 N 10th St Allentown, PA	2.0	1.0	717	$1,475	$2.06	45d	1	0.53mi
26 N 6th St Allentown, PA	1.0–2.0	1.0–2.0	953	$2,224	$2.33	4d	9	0.53mi
936 N 6th St Allentown, PA	3.0	1.0	1014	$1,700	$1.68	24d	1	0.53mi
45 N 11th St Unit 3 Allentown, PA	2.0	1.0	900	$1,250	$1.39	4d	1	0.54mi
45 N 6th St Allentown, PA	2.0	1.0–2.0	1002	$3,616	$3.61	4d	13	0.55mi
1145 Linden St Apt 2 Allentown, PA	3.0	1.0	971	$1,525	$1.57	24d	1	0.59mi
1145 Linden St Unit 115-2 Allentown, PA	2.0	1.0	589	$1,375	$2.33	45d	1	0.59mi
932 W Hamilton St Allentown, PA	2.0	1.0–2.0	862	$2,350	$2.73	4d	15	0.60mi
1208 W Whitehall St Allentown, PA	3.0	1.5	1100	$2,095	$1.90	45d	1	0.61mi
1208 W Whitehall St Apt 8 Allentown, PA	3.0	1.5	1100	$2,095	$1.90	4d	1	0.61mi
1010 W Hamilton St Allentown, PA	1.0–2.0	1.0–2.0	943	$2,022	$2.14	4d	6	0.63mi
906 N 4th St Unit 2 Allentown, PA	2.0	1.0	1077	$1,300	$1.21	24d	1	0.63mi
120 N 4th St Unit 2 Allentown, PA	2.0	1.0	780	$1,475	$1.89	45d	1	0.64mi
801 N Jordan St Unit 3 Allentown, PA	2.0	1.0	935	$1,350	$1.44	45d	1	0.64mi
818 Walnut St Apt 5 Allentown, PA	2.0	1.0	936	$1,450	$1.55	20d	1	0.66mi
35 N 13th St Unit 2 Allentown, PA	2.0	1.0	1000	$1,350	$1.35	45d	1	0.70mi
1046 Walnut St Unit 1 Allentown, PA	2.0	1.0	972	$1,500	$1.54	24d	1	0.73mi
1337 Livingston St #3 Allentown, PA	3.0	1.0	1100	$1,695	$1.54	45d	1	0.80mi
1438 W Turner St Unit 3 Allentown, PA	2.0	1.0	620	$1,080	$1.74	24d	1	0.81mi
201 N 3rd St Allentown, PA	2.0	2.0	1145	$2,128	$1.86	4d	4	0.82mi
338 N 2nd St Apt 1 Allentown, PA	2.0	1.0	600	$1,475	$2.46	4d	1	0.82mi
1437 Webster St Allentown, PA	3.0	1.0	1080	$1,475	$1.37	45d	1	0.83mi
305 N 2nd St #1 Allentown, PA	2.0	1.0	757	$1,500	$1.98	24d	1	0.86mi

Listing history 8 events

1. 2026-05-18
   price $149,000 496-char remark

   Show marketing remark (496 chars)

   Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

2. 2026-04-21
   price $159,000 496-char remark

   Show marketing remark (496 chars)

   Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

3. 2026-03-02
   price $169,000 496-char remark

   Show marketing remark (496 chars)

   Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

4. 2026-02-09
   status Active 496-char remark

   Show marketing remark (496 chars)

   Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

5. 2026-01-16
   listed $179,000 Active 496-char remark

   Show marketing remark (496 chars)

   Calling all investors. Rare opportunity to own a single family house with two full bathrooms in Center City Allentown. Completely renovated interior. Newer gas furnace. Waterproof vinal plant flooring throughout 3 floors of living space. Two full, updated bathrooms with new toilets and vanity. Brand new kitchen counters and refreshed cabinets. Highly qualified tenant with new lease effective May 1, 2026. Seller will obtain CO from City of Allentown. 24-hour prior notice required for showing.

6. 2016-11-18
   soldstatus $27,500 Sold 171-char remark

   Show marketing remark (171 chars)

   GREAT INVESTMENT PROPERTY -DETACHED 3 BED 2 BATHS WITH A FENCED YARD AND CENTRAL AIR. RENTAL IS $765 A MONTH AND TENANT LOVES IT HERE AND PLANS ON STAYING. INSTANT INCOME!

7. 2016-11-02
   status Pending 171-char remark

   Show marketing remark (171 chars)

   GREAT INVESTMENT PROPERTY -DETACHED 3 BED 2 BATHS WITH A FENCED YARD AND CENTRAL AIR. RENTAL IS $765 A MONTH AND TENANT LOVES IT HERE AND PLANS ON STAYING. INSTANT INCOME!

8. 2016-10-26
   listed $30,999 Active 171-char remark

   Show marketing remark (171 chars)

   GREAT INVESTMENT PROPERTY -DETACHED 3 BED 2 BATHS WITH A FENCED YARD AND CENTRAL AIR. RENTAL IS $765 A MONTH AND TENANT LOVES IT HERE AND PLANS ON STAYING. INSTANT INCOME!

ⓘ 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: $1,195 · $100/mo
• Projected year-2 tax: $1,774 · $148/mo
• Expected delta: +$580/yr (+$48/mo · 48.5%)

ⓘ 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 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: $21,624
• − Mortgage interest: −$8,346
• − Property taxes: −$1,195
• − Insurance: −$745
• − Repairs & maintenance: −$1,730
• − Management: −$1,730
• − Depreciation: −$4,335
• Taxable income: $3,544
• Est. tax owed @ 24.0%: −$850
• After-tax cash flow: $4,916/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

+380.7% since first listed

8 events — show timeline

• 2026-05-18 Price Changed $149,000 GLVRMLS
• 2026-04-21 Price Changed $159,000 GLVRMLS
• 2026-03-02 Price Changed $169,000 GLVRMLS
• 2026-02-09 Relisted — GLVRMLS
• 2026-01-16 Listed $179,000 GLVRMLS
• 2016-11-18 Sold (MLS) $27,500 GLVRMLS
• 2016-11-02 Pending — GLVRMLS
• 2016-10-26 Listed $30,999 GLVRMLS

Property tax history

-1.9%/yr

Latest (2026): $1,195 · +0.8% YoY. Source: county tax records.