Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    222 STATE Street Enola, PA 17025

    View on Map
    Claim this Listing
    For Sale
    $450,000

    MULTI_FAMILY - ENOLA, PA

    Property size:
    1,598 SF
    Lot size:
    0.04 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 17 at 3:06 am

    Property Features for 222 STATE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    1,598 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1758

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    3
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    TROY BURKHOLDER
    TROY BURKHOLDER

    Listing agent TROY BURKHOLDER License #RS316462

    Listing office RE/MAX 1st Advantage 6375 Mercury Drive unit: 101, Mechanicsburg, PA

    Listing date Mar 30, 2026

    MLS# PACB2052098 Listing URL

    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.

    Overview

    Turn-Key Investment Property in Enola

    This turn-key, fully occupied 3-unit property is located in West Fairview. The building features three well-maintained units. Unit 1 is a 2-bedroom, 1-bath unit. Unit 2 offers a 1-bedroom, 1-bath layout with laundry hookups. Unit 3 includes 1 bedroom, 1 bath, plus a bonus room/office and laundry hookups. The tenants are on month-to-month leases, providing flexibility for future rent adjustments or owner occupancy. The property was extensively renovated in 2021. Major upgrades include a new rubber roof, new siding, replacement windows and doors, and updated electrical systems. All new water supply lines have been installed. Each unit is serviced by high-efficiency Lennox gas furnaces with central air. Units 2 and 3 have been fully updated with new kitchens and bathrooms. The property also features newer water heaters throughout. The property size is 1598 square feet and the lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9168
    Latitude
    40.27526

    Nearby Similar for Sale

    • $447,500
      2,612 SF

      Updated Multi-Unit Home with Income

      Updated multi-unit home near dining, college, and City Island.
      113 S ENOLA DRIVE, ENOLA, PA 17025
      View Details
    • $1,999,000
      42,360 SF

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 and 125 N. Enola Drive, Enola, PA 17025
      View Details
    • $1,199,000

      Enola Apartment Building Opportunity

      Ten-unit apartment building in Enola with value-add potential.
      7 ADAMS STREET, ENOLA, PA 17025
      View Details
    • $1,999,000
      42,360 SF

      Two Office Buildings For Sale

      Two office buildings totaling 42,360 SF on the same parcel.
      123-125 N Enola Dr, Enola, PA
      View Details
    • $1,999,000
      42,360 SF

      Enola Office Buildings For Sale

      Two office buildings totaling 42,360 SF near major routes.
      123 N Enola Dr, Enola, PA 17025
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully occupied, renovated 3-unit property with immediate cash flow.
    Where is this triplex located?
    The property is located at 222 STATE Street Enola, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Turn‑key, fully occupied 3‑unit investment property for immediate cash flow.; Extensively renovated in 2021 with new roof, siding, windows, doors, electrical systems, and water supply lines.; Each unit has high‑efficiency Lennox gas furnaces with central air.
    (717) 514-4663
    We can help!
    Listing Contact
    TROY BURKHOLDER
    TROY BURKHOLDER
    Real Estate License ID: RS316462
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!