Victorian 2-Unit Residential
123 W MAIN Street Hershey, PA 17033
123 W MAIN Street, Hershey, PA, 17033
$319,000
For Sale
$319,000
MULTI_FAMILY - Victorian - HERSHEY, PA
Property Size1,594 SF
Lot Size0.16 Acres
Price / SF$200.13
Days on Market35
Property Features for 123 W MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Driveway, Off Street, On Street
- Standard status
- Active
- Size
- 1,594 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2559
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Victorian
Listing agency
Kingsway Realty - Ephrata
(717) 733-4777
Listed by
Curvin Horning · License #RS298095
(717) 606-2226
Added: Jun 18 Updated: Jul 9 at 11:09AM Checked: Jul 22 at 10:06PM
MLS# PADA2061152
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.
This vacant two-unit property on a 0.16-acre lot features two separate 2-bedroom, 1-bath residences with two kitchens and four total bedrooms. The building is configured as a duplex, offering straightforward separation between units and the ability for a new owner to establish rents immediately or renovate to suit specific preferences. Both units are currently vacant, which can simplify planning for updates, leasing, or owner-occupancy.
The property is located at 123 W MAIN Street in Hershey, Pennsylvania, in Dauphin County. Parking is available both on-street and off-street, supporting tenant access and practical day-to-day use. The listing notes convenience to downtown Hershey and nearby shopping, dining, and major commuter routes.
For investors or owner-occupants, the duplex format can support either continued rental use or a change in occupancy strategy, with residential zoning described as providing flexibility for continued rental use or potential conversion to a single-family home. With both units vacant, prospective owners have the option to review condition, set leasing plans, or tailor renovations to the next use best aligned with their goals.
The property is located at 123 W MAIN Street in Hershey, Pennsylvania, in Dauphin County. Parking is available both on-street and off-street, supporting tenant access and practical day-to-day use. The listing notes convenience to downtown Hershey and nearby shopping, dining, and major commuter routes.
For investors or owner-occupants, the duplex format can support either continued rental use or a change in occupancy strategy, with residential zoning described as providing flexibility for continued rental use or potential conversion to a single-family home. With both units vacant, prospective owners have the option to review condition, set leasing plans, or tailor renovations to the next use best aligned with their goals.
Key Highlights
- Vacant 2‑unit property on a 0.16‑acre lot in Hershey, with two 2‑bedroom, 1‑bath units
- Four total bedrooms with two kitchens across the two units
- Residential zoning allows for continued rental use or potential conversion to a single‑family home
Local Financial Insights For Multifamily LT 5
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 | $22.0k | $13.80 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $20.3k | $12.75 |
| − OpEx | −$6.1k | −$3.83 |
| NOI | $14.2k | $8.93 |
1,594 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.1K
NOI $14,228 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,679 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$2.94M
$2.57M – $3.43M
NOI $205,506 @ 7.0% cap · market cap 64.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant duplex with two 2-bedroom units, parking, and residential zoning flexibility near downtown Hershey.
Where is this duplex located?
The property is located at 123 W MAIN Street Hershey, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Vacant 2‑unit property on a 0.16‑acre lot in Hershey, with two 2‑bedroom, 1‑bath units; Four total bedrooms with two kitchens across the two units; Residential zoning allows for continued rental use or potential conversion to a single‑family home
