Side-by-Side Duplex Income
765 & 769 FAIRGROUND Avenue Chambersburg, PA 17201
765 & 769 FAIRGROUND Avenue, Chambersburg, PA, 17201
$229,900
For Sale
$229,900
MULTI_FAMILY - Colonial - CHAMBERSBURG, PA
Property Size2,176 SF
Lot Size0.10 Acres
Price / SF$105.65
Days on Market133
Property Features for 765 & 769 FAIRGROUND Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active
- Size
- 2,176 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1958
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Colonial
Listing agency
RE/MAX 1st Advantage
(717) 591-5555
Listed by
Thomas B Mongold · License #RS216175L
(717) 729-6290
Added: Mar 12 Updated: Jul 21 at 9:49AM Checked: Jul 22 at 9:06PM
MLS# PAFL2033210
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 side-by-side duplex is currently tenant occupied and was previously subdivided by Chbg Borough. The property can be sold separately as of July 2026, subject to conditions outlined for the subdivision.
The duplex is located at 765 & 769 Fairground Avenue in Chambersburg, Pennsylvania, within Franklin County.
The offering includes a total property size of 2,176 square feet.
The duplex is located at 765 & 769 Fairground Avenue in Chambersburg, Pennsylvania, within Franklin County.
The offering includes a total property size of 2,176 square feet.
Key Highlights
- Colonial‑style side‑by‑side property with vinyl siding
- Forced air heating system
- Off‑street parking
Local Financial Insights For Apartment 5plus
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 | $38.1k | $17.52 |
| − Vacancy | −$2.6k | −$1.19 |
| EGI | $35.5k | $16.33 |
| − OpEx | −$16.0k | −$7.35 |
| NOI | $19.5k | $8.98 |
2,176 SF · lease $17.52/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.2K
$270.5K – $360.7K
NOI $21,642 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,542 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied side-by-side duplex with potential to be sold separately under borough conditions.
Where is this duplex located?
The property is located at 765 & 769 FAIRGROUND Avenue Chambersburg, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Colonial‑style side‑by‑side property with vinyl siding; Forced air heating system; Off‑street parking
