424 Milton St · Bethlehem, PA 18018

$189,900

3 bd · 1.0 ba · 1,020 sqft · Townhouse public records · 9 Days on market

Built 1920 960 sqft lot Est $192k · at est.

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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 +22.3/30.0
• ARV discount +7.9/15.0
• DSCR +7.1/10.0
• 1% rule +5.8/10.0
• 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

Move-in ready twin home in North Bethlehem for only $189,900 — sounds impossible, but it’s true! This is a must-see property offering a spacious living room, dining room, and a counter eat-in kitchen. The home features 3 bedrooms, primary, walk thru, plus an office or bonus room, providing flexible space with a stand up attic. Additional highlights include gas forced-air heat, fresh paint throughout, and brand-new carpeting on the second floor. Nearly all windows are tilt-in for easy cleaning (excluding the kitchen window). Step outside and enjoy grilling and entertaining in the privacy of the fenced backyard. An oversized shed with electric and shelving provides plenty of stora

Key facts

• Built 1920
• Listed 9 days

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: No garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Gas water heater
• Home design: Two-story property; Basement entry/foundation; Vinyl siding; Roof with asphalt, fiberglass and slate elements
• Construction: Vinyl siding construction; Basement foundation
• Exterior features: Gas grill; Shed(s); Corner lot; Flat lot; Public, paved road frontage; Smoke detector(s)

Interior

• Kitchen: Gas cooktop; Gas oven; Gas range; Refrigerator; Double stainless sink; Eat-in kitchen layout
• Bedrooms: Multiple bedrooms on the second floor (includes a multi-use room that can serve as a bedroom, office, or den); Additional room on the third level usable for storage or other purposes
• Flooring: Carpet; Laminate; Resilient flooring
• Bathrooms: One full bathroom with a tub
• Heating & cooling: Gas forced-air heating; Ceiling fans for cooling
• Interior features: Attic; Dining area; Eat-in kitchen; Storage; Storm door(s); Screens on windows
• Laundry & utility: Washer hookup on lower level; Dryer hookup (electric) on lower level; Washer; Electric dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $190k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Cap rate 8.3% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 567 units permitted in Northampton County in 2024 (151 in 5+ unit buildings).
• This rent runs 33% 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.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $22k; list at $190k implies a 779% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $189,900

Questions for the listing agent

1. Built in 1920 — 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: 1.08% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.05%
• DSCR: 1.31
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $191,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
527 Maple St	0.11mi	3/1.5	1,058 (+4%)	10mo	$275,000	$260	78
716 Hawthorne Rd	0.31mi	3/1.0	1,024 (+0%)	12mo	$165,000	$161	75
829 N New St	0.68mi	3/1.0	990 (-3%)	2mo	$185,000	$187	62
126 E Garrison St	0.42mi	2/1.0 (-1)	1,102 (+8%)	8mo	$229,000	$208	55
53 E Goepp St	0.61mi	2/1.0 (-1)	1,089 (+7%)	1mo	$220,000	$202	54
429 E Frankford St	0.57mi	2/1.0 (-1)	992 (-3%)	11mo	$217,000	$219	54
123 E Garrison St	0.44mi	2/1.0 (-1)	1,156 (+13%)	1mo	$204,000	$176	51
754 E 5th St	0.73mi	2/1.0 (-1)	988 (-3%)	6mo	$130,000	$132	50
322 State St	0.63mi	2/1.0 (-1)	960 (-6%)	10mo	$180,000	$188	47
121 E Garrison St	0.45mi	3/2.0	1,156 (+13%)	10mo	$220,000	$190	45
43 W Goepp St	0.75mi	4/1.0 (+1)	1,104 (+8%)	7mo	$200,000	$181	40
512 Atlantic St	0.74mi	2/1.0 (-1)	1,105 (+8%)	12mo	$169,900	$154	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 · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-15,185
• Equity at exit: $28,315

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-4,565
• Equity at exit: $16,419

Cash invested: $53,172 (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: 7.7×

Monthly cashflow live

• Estimated rent: $2,054 high
• Mortgage (P&I): −$996
• Tax from tax record: −$235 /mo · $2,818/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $313

Break-even live

Break-even rent $1,658

Max offer price $189,900

Occupancy floor 80%

Sensitivity live

Price	-10% $420	-5% $366	+0% $313	+5% $259	+10% $205
Rent	-10% $150	-5% $231	+0% $313	+5% $394	+10% $475
Rate	-1.0pp $408	-0.5pp $361	base $313	+0.5pp $263	+1.0pp $213

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
530 High St Unit 32 Bethlehem, PA	2.0	1.0	800	$1,595	$1.99	14d	1	0.28mi
708 Linden St Unit 2 Bethlehem, PA	2.0	1.0	800	$1,500	$1.88	14d	1	0.28mi
650 E North St Bethlehem, PA	2.0	1.0–2.0	935	$2,350	$2.51	14d	7	0.34mi
746 Linden St Unit 2 Bethlehem, PA	3.0	1.0	1008	$1,975	$1.96	44d	1	0.34mi
316 E Union Blvd Bethlehem, PA	4.0	2.0	1460	$2,145	$1.47	44d	1	0.35mi
822 Elm St Bethlehem, PA	3.0	1.5	1406	$2,195	$1.56	14d	1	0.38mi
229 E Union Blvd Unit 1st Floor Bethlehem, PA	2.0	1.0	1000	$1,675	$1.68	3d	1	0.41mi
229 E Union Blvd Unit 2nd Floor Bethlehem, PA	2.0	1.0	982	$1,595	$1.62	3d	1	0.41mi
401 E Goepp St #2 Bethlehem, PA	2.0	1.0	750	$1,875	$2.50	24d	1	0.43mi
537 Goepp Cir Unit B Bethlehem, PA	3.0	1.5	1225	$1,895	$1.55	44d	1	0.46mi
42 E Wall St Bethlehem, PA	4.0	1.0	1474	$2,550	$1.73	24d	1	0.47mi
30 E Market St Bethlehem, PA	2.0	1.0	800	$1,650	$2.06	24d	1	0.49mi
30 E Market St Apt 1 Bethlehem, PA	2.0	1.0	1200	$1,950	$1.62	44d	1	0.49mi
62 E Garrison St Bethlehem, PA	2.0	2.0	800	$1,450	$1.81	44d	1	0.51mi
122 E Goepp St Unit 1 Bethlehem, PA	3.0	1.0	1137	$1,895	$1.67	3d	1	0.53mi
326 E Frankford St Bethlehem, PA	2.0	2.0	1250	$2,300	$1.84	24d	1	0.56mi
326 E Frankford St Bethlehem, PA	2.0	2.0	1250	$2,300	$1.84	44d	1	0.56mi
610 E 3rd St Bethlehem, PA	1.0–2.0	1.0–2.0	974	$3,008	$3.09	3d	8	0.57mi
69 E Goepp St Bethlehem, PA	3.0	1.0	1100	$2,150	$1.95	3d	1	0.59mi
311 E 3rd St Bethlehem, PA	2.0	2.0	1189	$2,330	$1.96	3d	3	0.64mi
30 W Broad St Bethlehem, PA	1.0–2.0	1.0–2.0	648	$2,490	$3.84	14d	14	0.64mi
30 W Broad St Bethlehem, PA	1.0–2.0	1.0–2.0	660	$2,620	$3.97	3d	20	0.64mi
738 E 4th St Unit 1 Bethlehem, PA	3.0	1.0	750	$1,600	$2.13	14d	1	0.65mi
1113 E 4th St Unit 1 Bethlehem, PA	2.0	1.0	1000	$1,350	$1.35	24d	1	0.68mi
938 E 4th St #401 Bethlehem, PA	2.0	1.0	928	$2,150	$2.32	44d	1	0.68mi
938 E 4th St Unit 201 Bethlehem, PA	2.0	1.0	982	$2,350	$2.39	44d	1	0.68mi
938 E 4th St Unit G02 Bethlehem, PA	2.0	1.0	813	$1,970	$2.42	14d	1	0.68mi
938 E 4th St Unit 102 Bethlehem, PA	2.0	1.0	813	$1,970	$2.42	44d	1	0.68mi
1214 Maple St Bethlehem, PA	3.0	1.0	1462	$2,000	$1.37	44d	1	0.70mi
56 W North St Bethlehem, PA	2.0	2.0	1486	$2,400	$1.62	14d	1	0.71mi
50 W Garrison St Unit 1 Bethlehem, PA	2.0	1.0	900	$1,395	$1.55	3d	1	0.72mi
1209 Mechanic St Bethlehem, PA	3.0	1.0	1003	$2,000	$1.99	21d	1	0.72mi
436 Pierce St Bethlehem, PA	4.0	2.0	1452	$2,250	$1.55	3d	1	0.72mi
1201 E 4th St Unit 4 Bethlehem, PA	3.0	1.5	1100	$1,800	$1.64	44d	1	0.74mi
11 W 2nd St Bethlehem, PA	2.0	2.0	1620	$2,550	$1.57	24d	4	0.74mi
47 W Goepp St Bethlehem, PA	3.0	1.5	1184	$1,995	$1.68	3d	1	0.76mi
740 Laufer St Bethlehem, PA	3.0	1.5	910	$1,650	$1.81	14d	1	0.76mi
1275 E 4th St Unit 202 Bethlehem, PA	2.0	2.0	1225	$1,950	$1.59	24d	1	0.84mi
1136 N New St Bethlehem, PA	3.0	1.0	1296	$2,300	$1.77	3d	1	0.86mi
124 W Union Blvd Unit 214 Bethlehem, PA	2.0	2.0	1000	$2,120	$2.12	24d	1	0.86mi

Listing history 7 events

1. 2026-06-02
   status $189,900 Pending 9 DOM
2. 2026-06-01
   days on market $189,900 Active 9 DOM
3. 2026-05-31
   days on market $189,900 Active 8 DOM
4. 2026-05-31
   days on market $189,900 Active 7 DOM
5. 2026-05-24
   listed $189,900 Active
6. 2017-11-15
   soldstatus $21,603
7. 1985-12-01
   soldstatus $6,500

ⓘ 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: $2,818 · $235/mo
• Projected year-2 tax: $2,909 · $242/mo
• Expected delta: +$91/yr (+$8/mo · 3.2%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $24,643
• − Mortgage interest: −$10,637
• − Property taxes: −$2,818
• − Insurance: −$950
• − Repairs & maintenance: −$1,971
• − Management: −$1,971
• − Depreciation: −$5,524
• Taxable income: $771
• Est. tax owed @ 24.0%: −$185
• After-tax cash flow: $3,565/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 (Northampton County) Hauer SSP2

• Today (2025): 312,227 people
• By 2030: 314,769 · +0.8%
• By 2040: 316,914 · +1.5%
• By 2050: 318,037 · +1.9%
• By 2075: 334,003 · +7.0%
• By 2100: 344,696 · +10.4%

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 · Northampton

• 2024 margin: Toss-up / Even · D 48.6% · R 50.4%
• 2008→2024 swing: -14.1pp toward R · 2008: 12.3pp · 2024: -1.8pp
• All cycles: 2024: R+1.8 2020: D+0.7 2016: R+3.8 2012: D+4.6 2008: D+12.3

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

+2821.5% since first listed

3 events — show timeline

• 2026-05-24 Listed $189,900 GLVRMLS
• 2017-11-15 Sold (Public Records) $21,603 Public Records
• 1985-12-01 Sold (Public Records) $6,500 Public Records

Property tax history

+1.5%/yr

Latest (2026): $2,818 · +3.5% YoY. Source: county tax records.