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    Updated Carlisle Multifamily Investment Property Title is generated by Realmo AI

    63-65 E PENN Street, Carlisle, PA 17013

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    For Sale
    $209,995

    MULTI_FAMILY - CARLISLE, PA

    Property size:
    1,548 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $135/SF
    Added:
    May 20, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 63-65 E PENN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    1,548 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2612

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Stick Built

    We can help!

    Listing Contact
    Elisabeth P. Hamberger

    Listing agent Elisabeth P. Hamberger License #AB068074

    Listing office Keller Williams Keystone Realty 2610 Course Road, York, PA

    Listing date May 20, 2026

    MLS# PACB2053974 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.

    HighLights

    • Fully leased, cash‑flowing 2‑unit property offering immediate income.
    • Turnkey investment opportunity with recent updates and simplified ownership.
    • Conveniently located in the heart of Carlisle, with easy access to amenities.
    • Seller financing available for qualified buyers.
    • Tenants pay electric and heat.
    • Two units with desirable layouts: a 1‑bedroom unit and a flexible 2‑3 bedroom unit.

    Overview

    Located at 63-65 E. Penn Street in Carlisle, this multifamily property features two units and offers approximately 1,548 square feet of living space. The property is fully leased and provides immediate income, presenting a turnkey investment opportunity. The first-floor unit includes an open living room, kitchen, and dining area, along with one bedroom and one full bathroom. The second unit occupies the second and third floors, featuring a living room, kitchen, and a flexible layout with two to three bedrooms and one full bathroom. The property benefits from recent updates and simplified ownership. Tenants are responsible for electric and heat, while the owner covers water, sewer, stormwater, and trash expenses. Situated in the heart of Carlisle, the property offers convenient access to major roadways, shopping, dining, and other amenities, enhancing its rental appeal. The lot size is 0.02 acres. Seller financing options are available for qualified buyers.

    Local Financial Insights For Multifamily LT 5

    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 $22.3k $14.40
    − Vacancy −$1.3k −$0.81
    EGI $21.0k $13.59
    − OpEx −$6.3k −$4.08
    NOI $14.7k $9.51
    1,548 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $210.4K
    $184.1K – $245.5K (±1% cap)
    NOI $14,728 @ 7.0% cap · market cap 7.01%
    Second Best
    Apartment 5plus
    $186.8K
    $163.4K – $217.9K (±1% cap)
    NOI $13,075 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Office A
    $359.6K
    $314.6K – $419.5K (±1% cap)
    NOI $25,171 @ 7.0% cap · market cap 11.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.18642
    Latitude
    40.20531

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    FAQs

    What type of property is this?
    Duplex - Fully leased, updated two-unit property in Carlisle, Pennsylvania.
    Where is this duplex located?
    The property is located at 63-65 E PENN Street Carlisle, PA.
    What is the asking price?
    The asking price for this property is $209,995.
    What are key features of this property?
    This property features: Fully leased, cash‑flowing 2‑unit property offering immediate income.; Turnkey investment opportunity with recent updates and simplified ownership.; Conveniently located in the heart of Carlisle, with easy access to amenities.
    (717) 577-0814
    We can help!
    Listing Contact
    Elisabeth P. Hamberger
    Real Estate License ID: AB068074
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    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
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