Mixed-Use Retail with
504 BALTIMORE Street Gettysburg, PA 17325
For Sale
$429,900
MULTI_FAMILY - Colonial - GETTYSBURG, PA
Property Size2,968 SF
Lot Size0.24 Acres
Price / SF$144.85
Days on Market735
Property Features for 504 BALTIMORE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 5
- Parking features
- Parking Lot
- Interior features
- 2nd Kitchen, Attic, Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Carpet, Floor Plan - Traditional
- Appliances
- Built-In Range, Refrigerator
- Standard status
- Active
- Size
- 2,968 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4908
Utilities
- Heating system
- Baseboard, Other (Heating), Electric (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Vinyl Siding
- Architectural style
- Colonial
Listing Agency:
RE/MAX of Gettysburg
(717) 338-0881
Listed By:
Alycia N Hays · License #RS293391
(717) 752-5697
Added: Jul 20, 2024
Changed: Jul 13
Last Checked: Jul 24 at 12:06AM
MLS# PAAD2014010
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 mixed-use property combines a street-level storefront with two apartments on the second floor. The storefront includes a glass display case, check-out counter, full bath, natural gas service, central air, Victorian bump-out display windows, and updated flooring, and is currently rented on a 2-year lease. Upstairs, Unit #2 offers two bedrooms, a full bath, a living room, dining area, and a kitchen with appliances, currently on a month-to-month lease. Unit #3 is a one-bedroom efficiency with a full bath and a kitchen with appliances, currently on a 1-year lease. Additional improvements include a rear storage room, a full basement, and separately metered electric.
Set on a large lot with a rear yard and a private paved parking area with 5 spaces, the driveway entrance includes its own red light for ingress/egress.
The exterior features brand-new (2021) 35-year architectural shingles and vinyl siding, supporting long-term, low-maintenance ownership.
Set on a large lot with a rear yard and a private paved parking area with 5 spaces, the driveway entrance includes its own red light for ingress/egress.
The exterior features brand-new (2021) 35-year architectural shingles and vinyl siding, supporting long-term, low-maintenance ownership.
Key Highlights
- Colonial‑style landmark building in Historic Downtown Gettysburg Tourist District with 1,450 SF storefront
- Two upper apartments: Unit #2 has 2 bedrooms and a full bath; Unit #3 is a 1‑bedroom efficiency with full bath
- Storefront includes glass display case, check‑out counter, and full bath; natural gas service and central air
Financial Insights For Retail
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 | $44.5k | $15.00 |
| − Vacancy | −$2.0k | −$0.68 |
| EGI | $42.5k | $14.33 |
| − OpEx | −$12.8k | −$4.30 |
| NOI | $29.8k | $10.03 |
2,968 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap · market cap 6.92%
Second Best
Multifamily LT 5
$195.6K
$171.1K – $228.2K
NOI $13,691 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LeeBell's Mercantile
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Triplex - Street-level retail with a full bath and central air, plus two separately leased upstairs apartments and paved parking.
Where is this triplex located?
The property is located at 504 BALTIMORE Street Gettysburg, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Colonial‑style landmark building in Historic Downtown Gettysburg Tourist District with 1,450 SF storefront; Two upper apartments: Unit #2 has 2 bedrooms and a full bath; Unit #3 is a 1‑bedroom efficiency with full bath; Storefront includes glass display case, check‑out counter, and full bath; natural gas service and central air
