Updated Two-Unit
New
For Sale
$279,900
221 7TH Street, New Cumberland, PA 17070
Multi-Family, NEW CUMBERLAND, PA
Property Size1,792 SF
Lot Size0.09 Acres
Price / SF$156.19
Days on Market4
Property Features for 221 7TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
Off Street, On Street
Interior features
Ceiling Fan(s), Combination Kitchen/Dining, Dining Area
Appliances
Oven/Range - Gas, Refrigerator
Subdivision
NONE AVAILABLE
High school
CEDAR CLIFF
Elementary school district
WEST SHORE
Middle school district
WEST SHORE
High school district
WEST SHORE
Standard status
Active
Size
1,792 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3614
Utilities
Heating system
Baseboard, Electric (Heating), Hot Water(Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Amenities
porch
off-street parking
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 344-5950
Listed By:
Stephen R Johansen · License #RS282933
(717) 557-7222
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 16 at 1:06AM
MLS# PACB2058434
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 two-unit duplex in New Cumberland includes 1,792 square feet on a 0.09-acre lot. The first-floor apartment has been renovated with new flooring, an updated kitchen and bath, and fresh paint. The upper apartment has also received multiple updates and is occupied under a current lease. Recent improvements include a 2025 roof, rebuilt front porch and posts, newer vinyl siding, replacement windows, and fully updated electrical and plumbing systems.
Each apartment is separately heated and metered for electricity, while the landlord covers water, sewer, and trash. Interior features include combination kitchen and dining areas, gas ranges, refrigerators, ceiling fans, and window-unit cooling. The property also offers off-street and on-street parking and was originally built in 1900.
Each apartment is separately heated and metered for electricity, while the landlord covers water, sewer, and trash. Interior features include combination kitchen and dining areas, gas ranges, refrigerators, ceiling fans, and window-unit cooling. The property also offers off-street and on-street parking and was originally built in 1900.
Key Highlights
- Two‑unit duplex with 1,792 square feet on a 0.09‑acre lot
- New roof installed in 2025
- First‑floor apartment renovated with new flooring, kitchen, bath, and paint
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
$17,050
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
6.09%
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%
$341,000
$341.0K
Cap Rate 7%
$243,571
$243.6K
Cap Rate 9%
$189,444
$189.4K
Market Conditions
NOI Build-Up for 1,792 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
$25.8K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$24.4K $13.59/SF
− OpEx
−$7.3K −$4.08/SF
NOI
$17.1K $9.51/SF
Area
Cumberland County, PA
Vacancy
5.61%
Lease Rate
$14.40 /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%
$341,000
Cap Rate 7%
$243,571
Cap Rate 9%
$189,444
Alternative Uses
Best Use
Multifamily LT 5
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,136 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Owner-occupant or investment property with refreshed interiors, separate apartments, and a leased second-floor unit.
Where is this duplex located?
The property is located at 221 7TH Street New Cumberland, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,792 square feet on a 0.09‑acre lot; New roof installed in 2025; First‑floor apartment renovated with new flooring, kitchen, bath, and paint
