1706 W 2nd St · Chester, PA 19013

$75,000

3 bd · 1.0 ba · 1,469 sqft · SingleFamily public records · 121 Days on market

Built 1900 0.50 ac lot $51/sqft · 47% below area Est $141k · 47% under ↓ 12% since listing

---

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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1706 W 2nd Street is a total renovation project with major upside. Newer roof already completed by the seller; otherwise, property requires full rehab — ideal for investors, flippers, or buy-and-hold portfolios. Excellent location with quick access to I-95, providing easy commuting to Philadelphia, Delaware, and New Jersey via the Commodore Barry Bridge. Walking distance to Subaru Park, home of the Philadelphia Union, adding long-term growth potential to the area. Property being sold as-is. Bring your vision and unlock the potential. Complete Rehab needed. Shell Property

Key facts

• Built 1900
• Listed 120 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $630 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.4% vs local median 7.5% in Chester — 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 73/100 on livability (#540 in PA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools F, crime F, employment F.
• Chester-Upland SD (suburban): math 4% / reading 17% proficiency, ranked #533 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.9%/yr); 140 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• This rent runs 44% of the median local income ($41k/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 $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.9% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 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 F-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. 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?
7. 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.
8. 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.
9. 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: 2.02% ✓
• Cap rate: 16.38%
• Cash-on-cash: 36.01%
• DSCR: 2.60
• GRM: 4.1

CMA / ARV

• ARV (median comp): $141,141
• List price: $75,000
• Delta: -46.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
339 Lamokin St	0.37mi	3/1.0	1,264 (-14%)	9mo	$25,000	$20	52
1005 W 3rd St	0.46mi	4/1.5 (+1)	1,312 (-11%)	12mo	$207,000	$158	44
1228 Central Ave	0.73mi	2/1.0 (-1)	1,375 (-6%)	22mo	$60,000	$44	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 · 6.88% rent growth · sell at horizon

5-year hold

• IRR: 36.3%
• Equity multiple: 2.63×
• Total profit: $34,172
• Equity at exit: $11,183

10-year hold

• IRR: 45.0%
• Equity multiple: 6.19×
• Total profit: $108,933
• Equity at exit: $6,485

Cash invested: $21,000 (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 19013

• Rents YoY: 6.9%
• Active inventory: 140
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,513 high
• Mortgage (P&I): −$393
• Tax from tax record: −$141 /mo · $1,690/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $630

Break-even live

Break-even rent $716

Max offer price $75,000

Occupancy floor 53%

Sensitivity live

Price	-10% $673	-5% $651	+0% $630	+5% $609	+10% $588
Rent	-10% $511	-5% $570	+0% $630	+5% $690	+10% $750
Rate	-1.0pp $668	-0.5pp $649	base $630	+0.5pp $611	+1.0pp $591

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2106 W 4th St Unit 2 Chester, PA	2.0	1.0	1736	$1,100	$0.63	45d	1	0.30mi
925 W 3rd St Chester, PA	4.0	1.0	1500	$1,700	$1.13	19d	1	0.49mi
2104 N Williams Cir Chester, PA	4.0	1.5	1540	$1,895	$1.23	45d	1	0.70mi
2723 W 3rd St Unit 1F Chester, PA	4.0	1.5	1800	$1,425	$0.79	25d	1	0.71mi
2723 W 3rd St Unit 1F Chester, PA	4.0	1.5	1800	$1,425	$0.79	6d	1	0.71mi
2723 W 3rd St Unit 1F Chester, PA	4.0	1.5	1800	$1,425	$0.79	21d	1	0.71mi
2723 W 3rd St Unit 1F Chester, PA	4.0	1.5	1800	$1,500	$0.83	45d	1	0.71mi
425 Highland Ave Apt A Chester, PA	2.0	1.5	1829	$1,000	$0.55	45d	1	0.74mi
425 Highland Ave Apt A Chester, PA	2.0	1.5	990	$1,000	$1.01	21d	1	0.74mi
2832 W 6th St Unit 306 Chester, PA	3.0	1.0	1428	$1,500	$1.05	5d	1	0.85mi
418 Penn St Chester, PA	3.0	1.0	1250	$1,350	$1.08	45d	1	1.04mi
1425 Highland Ave Chester, PA	3.0	1.0	1212	$7,998	$6.60	0d	1	1.14mi
2717 Bethel Rd Chester, PA	3.0	1.0	1785	$1,350	$0.76	6d	1	1.20mi
3312 W 13th St Chester, PA	2.0	1.0	936	$1,499	$1.60	23d	1	1.25mi
1315 Harshaw Rd Brookhaven, PA	3.0	2.5	1260	$2,395	$1.90	0d	1	1.45mi
1224 Elson Rd Brookhaven, PA	3.0	2.0	1200	$1,900	$1.58	18d	1	1.49mi

Listing history 17 events

1. 2026-06-21
   days on market $75,000 Active 121 DOM
2. 2026-06-18
   days on market $75,000 Active 118 DOM
3. 2026-06-17
   days on market $75,000 Active 117 DOM
4. 2026-06-16
   days on market $75,000 Active 116 DOM
5. 2026-06-15
   days on market $75,000 Active 115 DOM
6. 2026-06-13
   days on market $75,000 Active 113 DOM
7. 2026-06-13
   days on market $75,000 Active 112 DOM
8. 2026-06-09
   days on market $75,000 Active 109 DOM
9. 2026-06-08
   days on market $75,000 Active 108 DOM
10. 2026-06-07
    days on market $75,000 Active 107 DOM
11. 2026-06-04
    days on market $75,000 Active 104 DOM
12. 2026-06-03
    days on market $75,000 Active 103 DOM
13. 2026-06-02
    days on market $75,000 Active 102 DOM
14. 2026-06-01
    days on market $75,000 Active 101 DOM
15. 2026-05-31
    days on market $75,000 Active 100 DOM
16. 2026-05-02
    price $75,000 583-char remark

    Show marketing remark (583 chars)

    1706 W 2nd Street is a total renovation project with major upside. Newer roof already completed by the seller; otherwise, property requires full rehab — ideal for investors, flippers, or buy-and-hold portfolios. Excellent location with quick access to I-95, providing easy commuting to Philadelphia, Delaware, and New Jersey via the Commodore Barry Bridge. Walking distance to Subaru Park, home of the Philadelphia Union, adding long-term growth potential to the area. Property being sold as-is. Bring your vision and unlock the potential. Complete Rehab needed. Shell Property

17. 2026-02-20
    listed $85,000 Active 583-char remark

    Show marketing remark (583 chars)

    1706 W 2nd Street is a total renovation project with major upside. Newer roof already completed by the seller; otherwise, property requires full rehab — ideal for investors, flippers, or buy-and-hold portfolios. Excellent location with quick access to I-95, providing easy commuting to Philadelphia, Delaware, and New Jersey via the Commodore Barry Bridge. Walking distance to Subaru Park, home of the Philadelphia Union, adding long-term growth potential to the area. Property being sold as-is. Bring your vision and unlock the potential. Complete Rehab needed. Shell 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: $1,690 · $141/mo
• Projected year-2 tax: $1,690 · $141/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 7/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,160
• − Mortgage interest: −$4,201
• − Property taxes: −$1,690
• − Insurance: −$375
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − Depreciation: −$2,182
• Taxable income: $6,807
• Est. tax owed @ 24.0%: −$1,634
• After-tax cash flow: $5,928/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: Chester-Upland SD
• NCES district ID: 4205860
• Math proficiency: 4% ▼ -3.00%
• Reading proficiency: 17% ▼ -6.00%
• Median HH income: $29,790
• Composite: 8.05/100
• National rank: #9918
• State rank: #533 of 539 in PA

Livability — Chester

• Score: 73/100
• State rank: #540
• US rank: #5053

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chester, PA
• County: Delaware County · 399,863 people
• City population: 35,064
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 35,064
• Household income: $41,261
• Rent vs Own: 61.0% rent · 39.0% own
• Severe rent burden: 2668.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% White 14% Hispanic / Latino 9% Two or more races 4%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 6%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.69%
• Current HPI: 219.5173
• Rent YoY: ▲ 6.88%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

-11.8% since first listed

2 events — show timeline

• 2026-05-02 Price Changed $75,000 BRIGHT MLS
• 2026-02-20 Listed $85,000 BRIGHT MLS

Property tax history

+19.7%/yr

Latest (2026): $1,690 · +143.3% YoY. Source: county tax records.