Two-Unit Duplex with Separate
For Sale
$305,000
325 PARK Avenue, Hershey, PA 17033
Multi-Family, HERSHEY, PA
Property Size1,428 SF
Lot Size0.13 Acres
Price / SF$213.59
Days on Market26
Property Features for 325 PARK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
High school
HERSHEY HIGH SCHOOL
Elementary school district
DERRY TOWNSHIP
Middle school district
DERRY TOWNSHIP
High school district
DERRY TOWNSHIP
Standard status
Active
Size
1,428 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2360
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
storage shed
front & rear porch
Building Details
Year built
1912
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
Cavalry Realty, LLC
(717) 283-3770
Listed By:
Faruk Sisic · License #RS280268
(717) 669-2603
Added: Aug 14
Changed: Aug 31
Last Checked: Sep 8 at 8:06PM
MLS# PADA2062988
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 1,428-square-foot frame duplex, built in 1912, contains two separate one-bedroom, one-bath units and is fully occupied. The first-floor residence includes a living room, kitchen, full bathroom, and laundry area. The second-floor unit adds an attic bonus room alongside its living room, kitchen, and bathroom. Each unit has separate utility metering, water heating, electrical panels, natural gas furnace/HVAC equipment, and central air. Recent property improvements include vinyl siding and a 30-year architectural shingle roof.
The 0.13-acre property includes off-street rear parking, a storage shed, and front and rear porches. Its Hershey setting places the property near Hershey Park, ZooAmerica, restaurants, coffee shops, shopping, entertainment, and downtown amenities.
The 0.13-acre property includes off-street rear parking, a storage shed, and front and rear porches. Its Hershey setting places the property near Hershey Park, ZooAmerica, restaurants, coffee shops, shopping, entertainment, and downtown amenities.
Key Highlights
- Two fully occupied one‑bedroom, one‑bath units
- 1,428 square feet on a 0.13‑acre lot
- Separate utility metering, water heaters, and electrical panels
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
$12,746
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
4.18%
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%
$254,920
$254.9K
Cap Rate 7%
$182,086
$182.1K
Cap Rate 9%
$141,622
$141.6K
Market Conditions
NOI Build-Up for 1,428 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
$19.7K $13.80/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$18.2K $12.75/SF
− OpEx
−$5.5K −$3.83/SF
NOI
$12.7K $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%
$254,920
Cap Rate 7%
$182,086
Cap Rate 9%
$141,622
Alternative Uses
Best Use
Multifamily LT 5
$182.1K
$159.3K – $212.4K
NOI $12,746 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,105 @ 7.0% cap · market cap 60.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
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?
Duplex - Fully occupied property with updated systems, porches, storage, and off-street parking in Hershey.
Where is this duplex located?
The property is located at 325 PARK Avenue Hershey, PA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two fully occupied one‑bedroom, one‑bath units; 1,428 square feet on a 0.13‑acre lot; Separate utility metering, water heaters, and electrical panels
