1403 Uelen Ct · Bethlehem, PA 18018

$215,000

3 bd · 1.0 ba · 1,456 sqft · Townhouse public records · 20 Days on market

Built 1952 5,398 sqft lot $148/sqft · 12% below area Est $244k · 12% under

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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 +18.5/30.0
• ARV discount +12.8/15.0
• DSCR +5.8/10.0
• 1% rule +5.4/10.0
• Livability +4.1/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable, affordable and lots of space all in a great location. Check out this cozy 1/2 twin with an addition on the first floor making large rooms feel even more expansive. Open floor plan offers open living room and an adjacent area that could be a dining area and a family room. PLUS there's a 3 season room and massive ground level deck area providing you an abundant choice of where you spend your time and how you design your decor. Nice eat in kitchen with lots of cabinets and countertop space. Second floor has 3 bedrooms and full bath with carpet but seems to be over hardwood floors. Efficient gas heat and gas hot water heater will keep your energy bills low and save money on your move in with refrigerator and washer and dryer all left for you. Incredible location close to baseball fields, parks, schools and convenient to retail shopping areas. This home is made available through an auction company so check with your agent for associated buyer fees. Details available at the property.

Key facts

• 3 season room
• Efficient gas heat
• Open floor plan

Tags

• FIRST FLOOR ADDITION
• OPEN FLOOR PLAN
• 3 SEASON ROOM
• MASSIVE GROUND LEVEL DECK
• EAT IN KITCHEN
• EFFICIENT GAS HEAT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $215k.

Deal economics

• At list price, monthly cash flow is $204 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $212k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.3% in Bethlehem — 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 82/100 on livability (#138 in PA, #1,122 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Bethlehem Area SD (urban): math 31% / reading 49% proficiency, ranked #342 of 539 in PA (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 103 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• This rent runs 35% of the median local income ($75k/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 $6k 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.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1952 — 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 $211,775 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.04% ✓
• Cap rate: 7.43%
• Cash-on-cash: 4.07%
• DSCR: 1.18
• GRM: 8.0

CMA / ARV

• ARV (median comp): $243,563
• List price: $215,000
• Delta: -11.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1428 W Union Blvd	0.59mi	3/1.0	1,484 (+2%)	9mo	$310,000	$209	62
1334 W Union Blvd	0.60mi	4/1.5 (+1)	1,528 (+5%)	7mo	$310,000	$203	51
1344 Greenview Dr	0.42mi	3/2.0	1,250 (-14%)	6mo	$292,000	$234	48
1323 Catasauqua Rd	0.43mi	3/1.0	1,248 (-14%)	16mo	$229,900	$184	43
1509 W Union Blvd	0.62mi	3/2.0	1,620 (+11%)	8mo	$295,000	$182	42
1731 W North St	0.73mi	3/1.0	1,344 (-8%)	18mo	$285,000	$212	38
1520 W North St	0.68mi	4/1.0 (+1)	1,550 (+6%)	23mo	$287,500	$185	33
1022 W Union Blvd	0.70mi	3/1.0	1,298 (-11%)	21mo	$188,000	$145	32

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 · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -12.4%
• Equity multiple: 0.56×
• Total profit: $-26,469
• Equity at exit: $32,057

10-year hold

• IRR: -7.1%
• Equity multiple: 0.59×
• Total profit: $-24,528
• Equity at exit: $18,589

Cash invested: $60,200 (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 18018

• Rents YoY: 0.8%
• Active inventory: 103
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,228 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$339 /mo · $4,067/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $204

Break-even live

Break-even rent $1,970

Max offer price $215,000

Occupancy floor 86%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 Eaton Ave #201 Bethlehem, PA	2.0	2.0	1350	$2,350	$1.74	43d	1	0.28mi
1345 Martin Ct Bethlehem, PA	1.0–2.0	1.0–2.0	1184	$2,370	$2.00	2d	8	0.34mi
1411 Greenview Dr Unit 12 Bethlehem, PA	2.0	2.5	1380	$2,500	$1.81	43d	1	0.34mi
1411 Greenview Dr Unit 17 Bethlehem, PA	2.0	2.5	1400	$2,500	$1.79	23d	1	0.34mi
967 Stratford St Bethlehem, PA	3.0	1.0	938	$850	$0.91	43d	1	0.43mi
2104 Westgate Dr Bethlehem, PA	1.0–2.0	1.0	795	$1,620	$2.04	2d	5	0.58mi
1818 Catasauqua Rd Bethlehem, PA	1.0–3.0	1.0–2.0	1007	$2,803	$2.78	43d	9	0.66mi
1926 W Broad St Bethlehem, PA	4.0	1.0	1492	$2,000	$1.34	14d	1	0.83mi
517 Schaffer St Bethlehem, PA	2.0	1.0	1200	$1,900	$1.58	2d	1	1.10mi
1939 E Jonathan St Allentown, PA	3.0	2.0	1601	$2,400	$1.50	14d	1	1.24mi
2132 Pennsylvania Ave Unit 00 B- 7 Bethlehem, PA	2.0	1.0	956	$1,695	$1.77	14d	1	1.25mi
124 W Union Blvd Unit 214 Bethlehem, PA	2.0	2.0	1000	$2,120	$2.12	23d	1	1.27mi
1820 Sherwood St Allentown, PA	3.0	1.5	1780	$2,900	$1.63	14d	1	1.30mi
68 W Union Blvd Bethlehem, PA	4.0	1.5	1804	$2,295	$1.27	14d	1	1.35mi
47 W Goepp St Bethlehem, PA	3.0	1.5	1184	$1,995	$1.68	2d	1	1.37mi
1532 N New St Unit B Bethlehem, PA	2.0	1.5	1100	$1,845	$1.68	2d	1	1.38mi
2010B Pinehurst Ct Allentown, PA	1.0–2.0	1.0	844	$1,850	$2.19	2d	6	1.40mi
1136 N New St Bethlehem, PA	3.0	1.0	1296	$2,300	$1.77	2d	1	1.40mi
320 2nd Ave Bethlehem, PA	3.0	1.0	1024	$1,950	$1.90	2d	1	1.40mi
50 W Garrison St Unit 1 Bethlehem, PA	2.0	1.0	900	$1,395	$1.55	2d	1	1.41mi
56 W North St Bethlehem, PA	2.0	2.0	1486	$2,400	$1.62	14d	1	1.42mi
565 W Lehigh St Bethlehem, PA	1.0–2.0	1.0–2.0	875	$1,950	$2.23	43d	1	1.43mi
1320 Chelsea Ave Bethlehem, PA	3.0	2.0	1373	$2,395	$1.74	2d	1	1.44mi
1320 Chelsea Ave Bethlehem, PA	3.0	2.0	1373	$2,349	$1.71	14d	1	1.44mi
34 E Washington Ave Bethlehem, PA	2.0	1.0	1100	$2,000	$1.82	23d	1	1.44mi
55 E Elizabeth Ave Unit 1 Bethlehem, PA	2.0	2.0	1184	$2,250	$1.90	44d	1	1.48mi

Listing history 3 events

1. 2026-05-15
   status Active 1002-char remark

   Show marketing remark (1002 chars)

   Adorable, affordable and lots of space all in a great location. Check out this cozy 1/2 twin with an addition on the first floor making large rooms feel even more expansive. Open floor plan offers open living room and an adjacent area that could be a dining area and a family room. PLUS there's a 3 season room and massive ground level deck area providing you an abundant choice of where you spend your time and how you design your decor. Nice eat in kitchen with lots of cabinets and countertop space. Second floor has 3 bedrooms and full bath with carpet but seems to be over hardwood floors. Efficient gas heat and gas hot water heater will keep your energy bills low and save money on your move in with refrigerator and washer and dryer all left for you. Incredible location close to baseball fields, parks, schools and convenient to retail shopping areas. This home is made available through an auction company so check with your agent for associated buyer fees. Details available at the property.

2. 2026-05-05
   status Pending 1002-char remark

   Show marketing remark (1002 chars)

   Adorable, affordable and lots of space all in a great location. Check out this cozy 1/2 twin with an addition on the first floor making large rooms feel even more expansive. Open floor plan offers open living room and an adjacent area that could be a dining area and a family room. PLUS there's a 3 season room and massive ground level deck area providing you an abundant choice of where you spend your time and how you design your decor. Nice eat in kitchen with lots of cabinets and countertop space. Second floor has 3 bedrooms and full bath with carpet but seems to be over hardwood floors. Efficient gas heat and gas hot water heater will keep your energy bills low and save money on your move in with refrigerator and washer and dryer all left for you. Incredible location close to baseball fields, parks, schools and convenient to retail shopping areas. This home is made available through an auction company so check with your agent for associated buyer fees. Details available at the property.

3. 2026-04-22
   listed $215,000 Active 1002-char remark

   Show marketing remark (1002 chars)

   Adorable, affordable and lots of space all in a great location. Check out this cozy 1/2 twin with an addition on the first floor making large rooms feel even more expansive. Open floor plan offers open living room and an adjacent area that could be a dining area and a family room. PLUS there's a 3 season room and massive ground level deck area providing you an abundant choice of where you spend your time and how you design your decor. Nice eat in kitchen with lots of cabinets and countertop space. Second floor has 3 bedrooms and full bath with carpet but seems to be over hardwood floors. Efficient gas heat and gas hot water heater will keep your energy bills low and save money on your move in with refrigerator and washer and dryer all left for you. Incredible location close to baseball fields, parks, schools and convenient to retail shopping areas. This home is made available through an auction company so check with your agent for associated buyer fees. Details available at the property.

ⓘ 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: $4,067 · $339/mo
• Projected year-2 tax: $4,067 · $339/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,739
• − Mortgage interest: −$12,043
• − Property taxes: −$4,067
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,139
• − Management: −$2,139
• − Depreciation: −$6,255
• Taxable loss: −$979
• Est. tax savings @ 24.0%: +$235
• After-tax cash flow: $2,687/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: Bethlehem Area SD
• NCES district ID: 4203570
• Math proficiency: 31% ▼ -2.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $55,124
• Composite: 34.92/100
• National rank: #5068
• State rank: #342 of 539 in PA

Livability — Bethlehem

• Score: 82/100
• State rank: #138
• US rank: #1122

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bethlehem, PA
• County: Lehigh County · 333,019 people
• City population: 129,661
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 32,965
• Household income: $75,417
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 1361.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 24% Two or more races 10% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Dominican 3%
• Common ancestry: Romanian 4% Italian 2% Polish 2%
• Foreign-born: 9% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 15% Other Indo-European 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: ▼ -211.46%
• Current HPI: 301.1699
• Rent YoY: ▲ 0.85%
• 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

3 events — show timeline

• 2026-05-15 Relisted — GLVRMLS
• 2026-05-05 Pending — GLVRMLS
• 2026-04-22 Listed $215,000 GLVRMLS

Property tax history

+1.6%/yr

Latest (2026): $4,067 · +2.4% YoY. Source: county tax records.