Renovated Cape Cod
New
For Sale
$999,717
299 LEVEL Road, Hummelstown, PA 17036
Multi-Family, HUMMELSTOWN, PA
Property Size4,121 SF
Lot Size3.56 Acres
Price / SF$242.59
Days on Market2
Property Features for 299 LEVEL Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
3
Parking features
Driveway, Garage - Attached
Subdivision
DAUPHIN COUNTY
High school
LOWER DAUPHIN
Elementary school district
LOWER DAUPHIN
Middle school district
LOWER DAUPHIN
High school district
LOWER DAUPHIN
Standard status
Active
Size
4,121 SF
Lot size
3.56 Acres
Taxes and HOA fees
Tax Annual Amount
5279
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
gazebo
Building Details
Year built
1959
Number of units
3
Building materials
Brick
Architectural style
Cape Cod
Listing Agency:
J. H. Troup, REALTOR
(717) 939-8380
Listed By:
Amy Horst · License #RS355511
(717) 713-0069
Added: Sep 13
Last Checked: Sep 14 at 1:06AM
MLS# PADA2064098
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 Cape Cod-style triplex includes 4,121 square feet with three separate rental units and a partially finished basement offering walkout access and entry to the attached garage. Major renovation work was completed during 2025-2026. The property was built in 1959 and features brick construction, forced-air heating, and central air conditioning.
Set on 3.56 acres at 299 Level Road in Hummelstown, Pennsylvania, the property includes an attached side-entry garage, driveway parking, a gazebo, and three remodeled sheds. Unit 3 is furnished for mid-term rental use and is expected to be vacant at closing. The location is within the Lower Dauphin School District.
Set on 3.56 acres at 299 Level Road in Hummelstown, Pennsylvania, the property includes an attached side-entry garage, driveway parking, a gazebo, and three remodeled sheds. Unit 3 is furnished for mid-term rental use and is expected to be vacant at closing. The location is within the Lower Dauphin School District.
Key Highlights
- Three‑unit Cape Cod property with 4,121 square feet
- Major renovation completed during 2025‑2026
- 3.56‑acre lot in Hummelstown, PA
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
$36,783
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
3.68%
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%
$735,660
$735.7K
Cap Rate 7%
$525,471
$525.5K
Cap Rate 9%
$408,700
$408.7K
Market Conditions
NOI Build-Up for 4,121 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
$56.9K $13.80/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$52.5K $12.75/SF
− OpEx
−$15.8K −$3.83/SF
NOI
$36.8K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /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%
$735,660
Cap Rate 7%
$525,471
Cap Rate 9%
$408,700
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,783 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.3K
NOI $32,780 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$7.59M
$6.64M – $8.86M
NOI $531,300 @ 7.0% cap · market cap 53.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 17036, PA
24,146
Population
9,812
Households
2.5
Avg Household Size
41
Median Age
60%
College-Educated
97%
High-School Grad
28.1 sq mi
ZIP Area
859
Density / Sq Mi
$105,043
Median Household Income
$60,004
Median Earnings
$1,362
Median Rent
$316,900
Median Home Value
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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?
Triplex - Three rental units, a walkout basement, and an attached garage support flexible residential use on a sizable Pennsylvania property.
Where is this triplex located?
The property is located at 299 LEVEL Road Hummelstown, PA.
What is the asking price?
The asking price for this property is $999,717.
What are key features of this property?
This property features: Three‑unit Cape Cod property with 4,121 square feet; Major renovation completed during 2025‑2026; 3.56‑acre lot in Hummelstown, PA
