Turnkey 4-Unit Brick
For Sale
$440,000
132 S HANOVER Street, Carlisle, PA 17013
MULTI_FAMILY - Other - CARLISLE, PA
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$157.14
Days on Market52
Property Features for 132 S HANOVER Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
11
Parking features
Off Street, Parking Lot
High school
CARLISLE AREA
Elementary school district
CARLISLE AREA
Middle school district
CARLISLE AREA
High school district
CARLISLE AREA
Standard status
Active
Size
2,800 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5569
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1776
Number of units
4
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 245-2100
Listed By:
HEATHER ANN NEIDLINGER · License #AB066821
(717) 226-2875
Added: Jun 11
Changed: Jul 21
Last Checked: Aug 1 at 11:06AM
MLS# PACB2055116
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 turnkey 4-unit multifamily property features a brick and stone exterior and four occupied units. The unit mix includes one 1-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two additional 1-bedroom/1-bath units, each currently generating monthly rental income as listed in the public remarks.
The property also includes 11 off-street parking spaces, with monthly income listed for multiple spaces and some noted as vacant. A portion of the parking revenue is currently in place based on the public remarks provided.
Buyer and agent to verify square footage. The offering is presented as a residential income property with parking income in addition to the leased units.
The property also includes 11 off-street parking spaces, with monthly income listed for multiple spaces and some noted as vacant. A portion of the parking revenue is currently in place based on the public remarks provided.
Buyer and agent to verify square footage. The offering is presented as a residential income property with parking income in addition to the leased units.
Key Highlights
- Brick and stone 4‑unit multifamily built in 1776
- Four occupied units: 1BD/1BA at $980, 2BD/1BA at $1,000, 1BD/1BA at $895, and 2BD/1BA at $1,150 per month
- 11 off‑street parking spaces generating additional income (some listed at $15/month, $20/month, with Vacant spaces #7, #9, and #10)
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 | $40.3k | $14.40 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $38.1k | $13.59 |
| − OpEx | −$11.4k | −$4.08 |
| NOI | $26.6k | $9.51 |
2,800 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.6K
$333.0K – $444.0K
NOI $26,641 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,650 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$650.4K
$569.1K – $758.8K
NOI $45,529 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
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?
Quadplex - Brick and stone quadplex with four occupied units and 11 off-street parking spaces.
Where is this quadplex located?
The property is located at 132 S HANOVER Street Carlisle, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Brick and stone 4‑unit multifamily built in 1776; Four occupied units: 1BD/1BA at $980, 2BD/1BA at $1,000, 1BD/1BA at $895, and 2BD/1BA at $1,150 per month; 11 off‑street parking spaces generating additional income (some listed at $15/month, $20/month, with Vacant spaces #7, #9, and #10)
