Two-Home Cape Cod Duplex
For Sale
$429,500
105 OAK HILL Drive, Middletown, PA 17057
MULTI_FAMILY - Cape Cod - MIDDLETOWN, PA
Property Size3,300 SF
Lot Size0.35 Acres
Price / SF$130.15
Days on Market95
Property Features for 105 OAK HILL Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Garage - Detached
Appliances
Washer, Dryer, Oven/Range - Electric, Refrigerator, Dishwasher
Subdivision
MIDDLETOWN
High school
MIDDLETOWN AREA HIGH SCHOOL
Elementary school district
MIDDLETOWN AREA
Middle school district
MIDDLETOWN AREA
High school district
MIDDLETOWN AREA
Standard status
Active
Size
3,300 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
7159
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ductless
Building Details
Year built
1951
Number of units
2
Building materials
Aluminum Siding, Frame, Stick Built
Architectural style
Cape Cod
Listing Agency:
Straub & Associates Real Estate
(717) 612-9901
Listed By:
Jack Straub · License #AB069733
(717) 514-4603
Added: May 27
Changed: Jul 16
Last Checked: Aug 29 at 3:06AM
MLS# PADA2060310
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
105 Oak Hill Drive offers two fully functional homes on a single corner lot. The primary residence is a Cape Cod with 3 bedrooms and 1.5 baths, including a large upstairs den that can serve as a bedroom or home office, plus a living room, separate dining area, and an eat-in kitchen.
On the same property, a fully renovated detached ranch-style home provides an additional self-contained dwelling. It includes its own bedroom and bathroom and features updated interiors along with a brand-new mini-split HVAC system. The second home also offers a spacious bathroom with a walk-in shower.
Additional features include new appliances, a large two-car detached garage with a loft, and a rear storage/workshop. The property sits on a generous corner lot with mature trees and yard space, in an established Middletown neighborhood close to schools, shopping, and major commuter routes.
On the same property, a fully renovated detached ranch-style home provides an additional self-contained dwelling. It includes its own bedroom and bathroom and features updated interiors along with a brand-new mini-split HVAC system. The second home also offers a spacious bathroom with a walk-in shower.
Additional features include new appliances, a large two-car detached garage with a loft, and a rear storage/workshop. The property sits on a generous corner lot with mature trees and yard space, in an established Middletown neighborhood close to schools, shopping, and major commuter routes.
Key Highlights
- Two fully functional homes on one corner lot, including a Cape Cod main residence and a renovated detached ranch.
- Main home: 3 bedrooms and 1.5 baths with a large upstairs den (usable as bedroom or home office).
- Detached ranch features its own bedroom and bathroom, including a walk‑in shower, plus renovated interior and new mini‑split HVAC.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,455
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,100
$589.1K
Cap Rate 7%
$420,786
$420.8K
Cap Rate 9%
$327,278
$327.3K
Market Conditions
NOI Build-Up for 3,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.5K $13.80/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$42.1K $12.75/SF
− OpEx
−$12.6K −$3.83/SF
NOI
$29.5K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,100
Cap Rate 7%
$420,786
Cap Rate 9%
$327,278
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,455 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$375.0K
$328.1K – $437.5K
NOI $26,249 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$6.08M
$5.32M – $7.09M
NOI $425,453 @ 7.0% cap · market cap 99.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 17057, PA
23,112
Population
10,513
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
743
Density / Sq Mi
$70,536
Median Household Income
$42,948
Median Earnings
$1,122
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex with a Cape Cod home plus a renovated detached ranch on one corner lot.
Where is this duplex located?
The property is located at 105 OAK HILL Drive Middletown, PA.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: Two fully functional homes on one corner lot, including a Cape Cod main residence and a renovated detached ranch.; Main home: 3 bedrooms and 1.5 baths with a large upstairs den (usable as bedroom or home office).; Detached ranch features its own bedroom and bathroom, including a walk‑in shower, plus renovated interior and new mini‑split HVAC.
