2334 N 4th St · Harrisburg, PA 17110

$145,000

5 bd · 1.5 ba · 2,304 sqft · Townhouse public records · 23 Days on market

Built 1916 2,178 sqft lot $63/sqft · at area comps Est $126k · 15% over

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.5/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 5 bedroom 3 story brick semi-detached home with 2-car detached garage. Home freshly painted.

Key facts

• 2 garage spots
• Built 1916
• Listed 23 days

Property features AI

Exterior

• Parking: Detached covered garage with 2 spaces
• Utilities: Public water; Public sewer; Electric service with circuit breakers; Natural gas
• Home design: Semi-detached property; Fee simple ownership
• Construction: Brick construction; Brick/mortar foundation; Composite roof; Above-grade structure
• Exterior features: Level lot; Porch(es); Chain link fencing

Interior

• Kitchen: Refrigerator; Electric oven/range
• Bedrooms: Three bedrooms on the first upper level; Two bedrooms on the second upper level
• Bathrooms: One full bathroom (upper levels)
• Heating & cooling: Hot water radiator heating; Natural gas heating and hot water; Electric cooling (circuit breakers)
• Interior features: Formal separate dining room; Full unfinished basement
• Laundry & utility: Basement laundry hookups

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath townhouse listed at $145k.

Deal economics

• At list price, monthly cash flow is $592 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 6.7% in Harrisburg — 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 84/100 on livability (#107 in PA, #826 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Harrisburg City SD (urban): math 6% / reading 13% proficiency, ranked #535 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Harrisburg Hs (math 24% / reading 10%, grade F, #399 of 437 statewide, top 92%, 1,230 students, 100% FRL) — zoned schools average 100% FRL vs 82% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 174 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).

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.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y 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.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $142,825 (1.5% below list)

Questions for the listing agent

1. Built in 1916 — 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. 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?
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: 1.37% ✓
• Cap rate: 11.20%
• Cash-on-cash: 17.51%
• DSCR: 1.78
• GRM: 6.1

CMA / ARV

• ARV (median comp): $125,579
• List price: $145,000
• Delta: 15.47%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2249 N 6th St	0.25mi	5/1.0	2,210 (-4%)	0mo	$110,000	$50	79
2332 N 6th St	0.19mi	5/1.0	2,192 (-5%)	6mo	$125,000	$57	76
2322 N 6th St	0.20mi	5/2.0	2,392 (+4%)	11mo	$90,000	$38	74
243 Emerald St	0.17mi	4/1.0 (-1)	2,182 (-5%)	8mo	$106,000	$49	70
540 Schuylkill St	0.22mi	5/1.0	2,046 (-11%)	1mo	$125,000	$61	68
224 Seneca St	0.19mi	5/1.5	2,076 (-10%)	8mo	$164,900	$79	68
544 Schuylkill St	0.23mi	5/1.0	2,018 (-12%)	1mo	$125,000	$62	66
2008 Green St	0.45mi	4/2.5 (-1)	2,124 (-8%)	1mo	$295,000	$139	56
2010 Green St	0.44mi	4/1.5 (-1)	2,124 (-8%)	6mo	$206,000	$97	56
2032 N 5th St	0.36mi	5/2.0	1,968 (-15%)	7mo	$159,900	$81	51
235 Hamilton St	0.74mi	4/2.0 (-1)	2,100 (-9%)	10mo	$225,000	$107	35
209 Kelker St	0.67mi	4/2.5 (-1)	2,016 (-12%)	10mo	$250,000	$124	30

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 · 1.55% rent growth · sell at horizon

5-year hold

• IRR: 7.3%
• Equity multiple: 1.28×
• Total profit: $11,392
• Equity at exit: $21,620

10-year hold

• IRR: 15.3%
• Equity multiple: 2.16×
• Total profit: $47,169
• Equity at exit: $12,537

Cash invested: $40,600 (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 17110

• Rents YoY: 1.6%
• Active inventory: 174
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,990 high
• Mortgage (P&I): −$760
• Tax from tax record: −$159 /mo · $1,903/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $592

Break-even live

Break-even rent $1,240

Max offer price $145,000

Occupancy floor 65%

Sensitivity live

Price	-10% $675	-5% $634	+0% $592	+5% $551	+10% $510
Rent	-10% $435	-5% $514	+0% $592	+5% $671	+10% $750
Rate	-1.0pp $665	-0.5pp $629	base $592	+0.5pp $555	+1.0pp $517

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2153 Penn St Harrisburg, PA	4.0	2.0	1620	$1,995	$1.23	45d	1	0.32mi
2032 Susquehanna St Harrisburg, PA	4.0	1.5	1600	$1,595	$1.00	45d	1	0.41mi
2715 N 6th St Harrisburg, PA	4.0	1.0	1620	$1,650	$1.02	16d	1	0.47mi
2728 N 6th St Harrisburg, PA	4.0	2.0	1786	$1,750	$0.98	16d	1	0.49mi
1834 Green St Harrisburg, PA	4.0	1.0	1792	$1,495	$0.83	25d	1	0.57mi
1716 N 6th St Unit NA Harrisburg, PA	4.0	4.0	2400	$2,000	$0.83	25d	1	0.67mi
1716 N 6th St Harrisburg, PA	4.0	3.5	2400	$2,200	$0.92	45d	1	0.67mi
3015 N 5th St Harrisburg, PA	6.0	2.5	3356	$2,795	$0.83	16d	1	0.83mi
1330 Susquehanna St Harrisburg, PA	4.0	1.5	2280	$1,895	$0.83	25d	1	1.00mi
1202 Penn St Harrisburg, PA	4.0	1.0	1706	$1,495	$0.88	45d	1	1.14mi

Listing history 15 events

1. 2026-06-21
   days on market $145,000 Active 23 DOM
2. 2026-06-18
   days on market $145,000 Active 20 DOM
3. 2026-06-17
   days on market $145,000 Active 19 DOM
4. 2026-06-16
   days on market $145,000 Active 18 DOM
5. 2026-06-15
   days on market $145,000 Active 17 DOM
6. 2026-06-14
   days on market $145,000 Active 15 DOM
7. 2026-06-13
   statusdays on market $145,000 Active 14 DOM
8. 2026-05-09
   listed $145,000 Active 392-char remark
9. 2026-05-07
   historical $145,000 392-char remark
10. 2019-10-18
    soldstatus $328,000
11. 2013-11-19
    soldstatus $21,500 101-char remark

    Show marketing remark (101 chars)

    Spacious 5 bedroom 3 story brick semi-detached home with 2-car detached garage. Home freshly painted.

12. 2013-08-02
    listed $27,500 101-char remark

    Show marketing remark (101 chars)

    Spacious 5 bedroom 3 story brick semi-detached home with 2-car detached garage. Home freshly painted.

13. 2006-09-29
    soldstatus $62,500
14. 2006-09-28
    soldstatus $62,500

    Show marketing remark (205 chars)

    Kitchen new Dec. 2004, remodeled upper balcony Nov. 2004, all replacement windows, new steel doors front and back. Home shows very well. Owner must be notified prior to showing. Security alarm on premises.

15. 2005-06-28
    listed $62,500

    Show marketing remark (205 chars)

    Kitchen new Dec. 2004, remodeled upper balcony Nov. 2004, all replacement windows, new steel doors front and back. Home shows very well. Owner must be notified prior to showing. Security alarm on premises.

ⓘ 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: $1,903 · $159/mo
• Projected year-2 tax: $2,097 · $175/mo
• Expected delta: +$194/yr (+$16/mo · 10.2%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,876
• − Mortgage interest: −$8,122
• − Property taxes: −$1,903
• − Insurance: −$725
• − Repairs & maintenance: −$1,910
• − Management: −$1,910
• − Depreciation: −$4,218
• Taxable income: $5,088
• Est. tax owed @ 24.0%: −$1,221
• After-tax cash flow: $5,888/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: Harrisburg City SD
• NCES district ID: 4211580
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $33,432
• Composite: 7.6/100
• National rank: #9945
• State rank: #535 of 539 in PA

Livability — Harrisburg

• Score: 84/100
• State rank: #107
• US rank: #826

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harrisburg, PA
• County: Dauphin County · 247,857 people
• City population: 184,296
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 27,364
• Household income: $80,699
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1037.0

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 47% Black 32% Hispanic / Latino 9% Asian 7% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 6% Dominican 1%
• Common ancestry: Italian 3% Romanian 2% Slovak 1%
• Foreign-born: 8% · Canada, India, Vietnam
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Vietnamese 1%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -144.07%
• Current HPI: 257.826
• Rent YoY: ▲ 1.55%
• Metro: Harrisburg-Carlisle, PA
• 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

+132.0% since first listed

10 events — show timeline

• 2026-06-10 Relisted — BRIGHT MLS
• 2026-05-20 Contingent — BRIGHT MLS
• 2026-05-09 Listed $145,000 BRIGHT MLS
• 2026-05-07 Coming Soon $145,000 BRIGHT MLS
• 2019-10-18 Sold (Public Records) $328,000 Public Records
• 2013-11-19 Sold (MLS) $21,500 BRIGHT MLS
• 2013-08-02 Listed $27,500 BRIGHT MLS
• 2006-09-29 Sold (Public Records) $62,500 Public Records
• 2006-09-28 Sold (MLS) $62,500 BRIGHT MLS
• 2005-06-28 Listed $62,500 BRIGHT MLS

Property tax history

-1.8%/yr

Latest (2026): $1,903 · +1.6% YoY. Source: county tax records.