Hanover Borough Multi-Unit
1228 BROADWAY Hanover, PA 17331
For Sale
$285,000
MULTI_FAMILY - Colonial - HANOVER, PA
Property Size2,674 SF
Lot Size0.31 Acres
Price / SF$106.58
Days on Market59
Property Features for 1228 BROADWAY
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- Off Street
- Interior features
- Bathroom - Tub Shower, Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Efficiency, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Table Space, Pantry, Wood Floors
- Appliances
- Oven/Range - Electric, Refrigerator, WaterHeater
- Standard status
- Active
- Size
- 2,674 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3545
Utilities
- Heating system
- Hot Water(Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Block, Brick
- Architectural style
- Colonial
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 235-9050
Listed By:
Selina A Robinson · License #RS280700
(717) 676-0507
Added: May 30
Changed: Jul 9
Last Checked: Jul 26 at 11:06PM
MLS# PAYK2103864
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.
Located in the North End of Hanover Borough, this two-unit property presents an investment opportunity. The building features a concrete block and brick facade. Unit 1, situated on the main level, includes one bedroom, a living room, a full bath, a large eat-in kitchen, and a walk-in pantry. Unit 2 occupies the second and third floors, offering three bedrooms, a living room on the third floor, an entrance mud room, a full bath, a kitchen/dining area, and a small office space or walk-in pantry. Both units provide ample closet space, as well as storage and laundry hookups in the basement. The property includes off-street parking for tenants and guests. Situated close to shopping, restaurants, and everyday amenities, the location provides easy access to commuter routes. The property is 2,674 square feet and sits on a 0.31-acre lot.
Key Highlights
- Solid 2‑unit colonial in the North End of Hanover Borough with concrete block and brick facade
- Unit 1 (main level): 1 bedroom, living room, full bath, large eat‑in kitchen, walk‑in pantry
- Unit 2 (2nd and 3rd floors): 3 bedrooms, kitchen/dining area, full bath, plus small office space or walk‑in pantry
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $17.64 |
| − Vacancy | −$2.4k | −$0.88 |
| EGI | $44.8k | $16.76 |
| − OpEx | −$20.2k | −$7.54 |
| NOI | $24.6k | $9.22 |
2,674 SF · lease $17.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$352.1K
$308.1K – $410.8K
NOI $24,646 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$774.2K
$677.4K – $903.3K
NOI $54,195 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit property with income potential in Hanover, Pennsylvania.
Where is this duplex located?
The property is located at 1228 BROADWAY Hanover, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Solid 2‑unit colonial in the North End of Hanover Borough with concrete block and brick facade; Unit 1 (main level): 1 bedroom, living room, full bath, large eat‑in kitchen, walk‑in pantry; Unit 2 (2nd and 3rd floors): 3 bedrooms, kitchen/dining area, full bath, plus small office space or walk‑in pantry
