Three-Unit Multifamily
104-106 West Green Street Mechanicsburg, PA 17055
104-106 West Green Street, Mechanicsburg, PA, 17055
$450,000
For Sale
$450,000
Fully leased three-unit property with tenant-paid utilities, offering straightforward day-to-day operating responsibility.
Property Size3,073 SF
Price / SF$146.44
Days on Market79
Property Features for 104-106 West Green Street
General Information
- Standard status
- Active
- Size
- 3,073 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Commerical Industrial Realty Co, Inc.
(717) 992-5734
Listed by
Javier Andres Godoy · License #RS371645
(717) 992-5734
Source
Compass
Added: May 5 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 8:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commerical Industrial Realty Co, Inc.
Investment Insights
Based on property information with market context.
This fully leased three-unit multifamily property offers an income-producing setup with tenants responsible for all utilities. The building is configured as a 3-unit investment, providing separate rental spaces under one ownership structure.
The property is located at 104–106 West Green Street in Mechanicsburg Borough, within Cumberland County. MLS area is listed as Mechanicsburg Boro (14416).
For investors or buyers seeking a turnkey residential income asset, the existing leased occupancy and tenant-paid utilities are practical factors for underwriting and operational planning. The property’s multifamily configuration supports a straightforward ownership model where utility expenses are not borne by the landlord, while the rental units are already in place.
The property is located at 104–106 West Green Street in Mechanicsburg Borough, within Cumberland County. MLS area is listed as Mechanicsburg Boro (14416).
For investors or buyers seeking a turnkey residential income asset, the existing leased occupancy and tenant-paid utilities are practical factors for underwriting and operational planning. The property’s multifamily configuration supports a straightforward ownership model where utility expenses are not borne by the landlord, while the rental units are already in place.
Key Highlights
- Fully leased 3‑unit multifamily property in Mechanicsburg Borough (MLS area 14416)
- Tenants are responsible for all utilities, shifting day‑to‑day operating responsibility to tenants
- Built in 1920
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 | $44.3k | $14.40 |
| − Vacancy | −$2.5k | −$0.81 |
| EGI | $41.8k | $13.59 |
| − OpEx | −$12.5k | −$4.08 |
| NOI | $29.2k | $9.51 |
3,073 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.7K
$365.5K – $487.3K
NOI $29,238 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$370.8K
$324.5K – $432.6K
NOI $25,956 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$713.8K
$624.6K – $832.8K
NOI $49,968 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully leased three-unit property with tenant-paid utilities, offering straightforward day-to-day operating responsibility.
Where is this triplex located?
The property is located at 104-106 West Green Street Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully leased 3‑unit multifamily property in Mechanicsburg Borough (MLS area 14416); Tenants are responsible for all utilities, shifting day‑to‑day operating responsibility to tenants; Built in 1920
