29 Liberty St · Allentown, PA 18102

$149,900

2 bd · 1.0 ba · 780 sqft · Townhouse public records · 9 Days on market

Built 1845 1,415 sqft lot Est $139k · 8% over

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• ARV discount +3.9/15.0
• 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

This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

Key facts

• End unit
• Fenced in backyard
• Close to dining

Tags

• END UNIT
• FENCED IN BACKYARD
• CLOSE TO SHOPPING
• CLOSE TO DINING
• CLOSE TO ENTERTAINMENT
• CLOSE TO MAJOR ROUTES

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; 100 amp electric service with circuit breakers
• Home design: Two-story property; Brick construction; Asphalt/fiberglass roof
• Construction: Brick exterior; Asphalt/fiberglass roof
• Exterior features: Fenced yard; Patio

Interior

• Kitchen: Gas range; Gas oven; Refrigerator
• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Ceramic tile; Luxury vinyl / luxury vinyl plank; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard hot water heating; Gas heating; Heating system present
• Interior features: Dining area; Separate/formal dining room; Partially finished full basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.1% 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 14d 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 $1,631/mo this rent would consume 45% 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 ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 19y ago 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.
• Current owner paid $65k; list at $150k implies a 131% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1845 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1845 — 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 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?
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: 1.09% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.15%
• DSCR: 1.45
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $138,840
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
428 N Limestone St	0.13mi	2/1.0	728 (-7%)	9mo	$134,900	$185	75
526 N Jute St	0.49mi	2/1.0	728 (-7%)	8mo	$129,900	$178	60
331 N Penn St	0.67mi	2/1.0	766 (-2%)	11mo	$160,000	$209	57
432 N Spruce St	0.23mi	2/1.0	850 (+9%)	21mo	$162,000	$191	57
37 Spruce St	0.49mi	2/1.0	870 (+12%)	4mo	$131,000	$151	55
432 Chestnut St	0.73mi	2/1.0	852 (+9%)	3mo	$135,000	$158	48
836 Elliger St	0.67mi	2/1.5	830 (+6%)	10mo	$145,000	$175	48

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: 1.5%
• Equity multiple: 1.06×
• Total profit: $2,451
• Equity at exit: $22,351

10-year hold

• IRR: 13.3%
• Equity multiple: 2.17×
• Total profit: $49,101
• Equity at exit: $12,961

Cash invested: $41,972 (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: 7.7×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$786
• Tax from tax record: −$85 /mo · $1,022/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $355

Break-even live

Break-even rent $1,182

Max offer price $149,900

Occupancy floor 73%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
236 N Front St Allentown, PA	3.0	1.0	1020	$1,800	$1.76	2d	1	0.27mi
207 N Front St Allentown, PA	1.0	1.0	744	$1,900	$2.55	14d	1	0.28mi
338 N 2nd St Apt 1 Allentown, PA	2.0	1.0	600	$1,475	$2.46	2d	1	0.29mi
305 N 2nd St #1 Allentown, PA	2.0	1.0	757	$1,500	$1.98	23d	1	0.31mi
201 N 3rd St Allentown, PA	2.0	2.0	1145	$2,128	$1.86	2d	4	0.40mi
948 N Front St Unit C-2 Allentown, PA	2.0	2.0	954	$2,300	$2.41	2d	1	0.41mi
948 N Front St Unit B-8 Allentown, PA	1.0	1.0	680	$1,800	$2.65	2d	1	0.42mi
948 N Front St Allentown, PA	1.0–2.0	1.0–2.0	864	$2,300	$2.66	2d	3	0.42mi
397 W Allen St Unit 5 Allentown, PA	1.0	1.0	725	$1,150	$1.59	23d	1	0.55mi
801 N Jordan St Unit 3 Allentown, PA	2.0	1.0	935	$1,350	$1.44	43d	1	0.56mi
120 N 4th St Unit 2 Allentown, PA	2.0	1.0	780	$1,475	$1.89	43d	1	0.69mi
427 N 5th St Unit 2 Allentown, PA	2.0	1.0	800	$1,400	$1.75	14d	1	0.69mi
427 N 5th St Unit 3 Allentown, PA	1.0	1.0	800	$1,175	$1.47	14d	1	0.69mi
906 N 4th St Unit 2 Allentown, PA	2.0	1.0	1077	$1,300	$1.21	23d	1	0.70mi
516 Tilghman St Unit 3 Allentown, PA	1.0	1.0	730	$1,000	$1.37	43d	1	0.74mi
445 Linden St Unit 447-Unit 1 Allentown, PA	1.0	1.0	995	$1,150	$1.16	43d	1	0.77mi
447 Linden St Unit 1st Floor Allentown, PA	1.0	1.0	950	$1,150	$1.21	43d	1	0.77mi
535 Tilghman St Unit 1ST Allentown, PA	2.0	1.0	900	$1,495	$1.66	2d	1	0.78mi
303 E Union St Unit 1st Allentown, PA	2.0	1.0	977	$1,550	$1.59	43d	1	0.80mi
501 E Walnut St Allentown, PA	2.0	2.0	850	$1,795	$2.11	2d	1	0.80mi
528 N 6th St Allentown, PA	3.0	1.0	967	$1,700	$1.76	14d	1	0.81mi
706 N 6th St Unit 1 Allentown, PA	2.0	1.0	800	$1,395	$1.74	14d	1	0.83mi
218 N 6th St Apt 3 Allentown, PA	3.0	1.0	750	$1,600	$2.13	23d	1	0.86mi
210 N 6th St Unit C2 Allentown, PA	1.0	1.0	550	$1,000	$1.82	43d	1	0.86mi
202 N 6th St Unit 203 Allentown, PA	1.0	1.0	650	$1,500	$2.31	43d	1	0.87mi
450 Maple St Unit 3 Allentown, PA	1.0	1.0	900	$1,100	$1.22	43d	1	0.89mi
621 W Turner St Apt 14 Allentown, PA	3.0	1.0	800	$1,395	$1.74	23d	1	0.91mi
45 N 6th St Allentown, PA	2.0	1.0–2.0	1002	$3,616	$3.61	2d	13	0.91mi
817 E Turner St Allentown, PA	2.0	1.0	850	$1,795	$2.11	2d	1	0.92mi
438 N 7th St #2 Allentown, PA	1.0	1.0	540	$1,350	$2.50	23d	1	0.92mi
520 Hamilton St Allentown, PA	1.0	1.0	607	$2,105	$3.47	2d	5	0.93mi
26 N 6th St Allentown, PA	1.0–2.0	1.0–2.0	953	$2,224	$2.33	2d	9	0.93mi
936 N 6th St Allentown, PA	3.0	1.0	1014	$1,700	$1.68	23d	1	0.94mi
503 S Austin St Unit 503 A Allentown, PA	2.0	1.0	1000	$1,900	$1.90	14d	1	0.95mi
503 S Austin St Unit 517 A Allentown, PA	2.0	1.0	1000	$1,900	$1.90	14d	1	0.95mi
801-819 N Halstead St Allentown, PA	2.0	2.0	995	$1,795	$1.80	43d	1	0.95mi
801 N Halstead St Allentown, PA	1.0–2.0	1.0–2.0	872	$1,795	$2.06	2d	1	0.95mi
503 S Austin St Unit A Allentown, PA	2.0	1.0	1000	$1,650	$1.65	2d	1	0.95mi
503 S Austin St Unit 514 Allentown, PA	2.0	1.0	1000	$1,550	$1.55	14d	1	0.95mi
503 S Austin St Unit 524 Allentown, PA	2.0	1.0	1000	$1,750	$1.75	23d	1	0.95mi

Listing history 18 events

1. 2026-06-02
   status $149,900 Pending 9 DOM
2. 2026-06-01
   days on market $149,900 Active 9 DOM
3. 2026-05-31
   days on market $149,900 Active 8 DOM
4. 2026-05-31
   days on market $149,900 Active 7 DOM
5. 2026-05-23
   listed $149,900 Active
6. 2021-09-30
   soldstatus $65,000
7. 2021-09-21
   historical 481-char remark

   Show marketing remark (481 chars)

   This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

8. 2021-09-15
   soldstatus $65,000 Sold

   Show marketing remark (481 chars)

   This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

9. 2021-09-15
   soldstatus $65,000 Closed 481-char remark

   Show marketing remark (481 chars)

   This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

10. 2021-09-15
    soldstatus $65,000

    Show marketing remark (481 chars)

    This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

11. 2021-08-13
    status Pending 481-char remark

    Show marketing remark (481 chars)

    This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

12. 2021-08-13
    status Pending

    Show marketing remark (481 chars)

    This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

13. 2021-08-05
    listed $69,900 Active 481-char remark

    Show marketing remark (481 chars)

    This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

14. 2021-08-05
    listed $69,900

    Show marketing remark (481 chars)

    This home is a great opportunity for a first time buyer or an investor! This 2 bedroom 1 bathroom home is located in central Allentown with a fenced yard. On the first floor you are greeted with the living room which flows into the dining room and kitchen. The second floor features the master bedroom and a second bedroom. This home is near major roadways, restaurants, and other attractions. Property is a must see! Call and schedule your showing today! Home is being sold as is.

15. 2021-08-04
    listed $69,900 Active
16. 2007-07-20
    listed $69,900
17. 1994-07-01
    soldstatus $32,000
18. 1981-05-28
    soldstatus $12,000

ⓘ 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: $1,022 · $85/mo
• Projected year-2 tax: $1,695 · $141/mo
• Expected delta: +$673/yr (+$56/mo · 65.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 27% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,575
• − Mortgage interest: −$8,397
• − Property taxes: −$1,022
• − Insurance: −$750
• − Repairs & maintenance: −$1,566
• − Management: −$1,566
• − Depreciation: −$4,361
• Taxable income: $1,914
• Est. tax owed @ 24.0%: −$459
• After-tax cash flow: $3,800/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

+1149.2% since first listed

14 events — show timeline

• 2026-05-23 Listed $149,900 GLVRMLS
• 2021-09-30 Sold (Public Records) $65,000 Public Records
• 2021-09-21 Listing Removed — BRIGHT MLS
• 2021-09-15 Sold (MLS) $65,000 PMAR
• 2021-09-15 Sold (MLS) $65,000 BRIGHT MLS
• 2021-09-15 Sold (MLS) $65,000 GLVRMLS
• 2021-08-13 Pending — BRIGHT MLS
• 2021-08-13 Pending — GLVRMLS
• 2021-08-05 Listed $69,900 PMAR
• 2021-08-05 Listed $69,900 BRIGHT MLS
• 2021-08-04 Listed $69,900 GLVRMLS
• 2007-07-20 Listed $69,900 AHARMLS
• 1994-07-01 Sold (Public Records) $32,000 Public Records
• 1981-05-28 Sold (Public Records) $12,000 Public Records

Property tax history

-1.7%/yr

Latest (2026): $1,022 · +0.8% YoY. Source: county tax records.