Three-Story Multi-Family Income
107 E MAIN Street Mechanicsburg, PA 17055
107 E MAIN Street, Mechanicsburg, PA, 17055
$294,900
For Sale
$294,900
MULTI_FAMILY - Federal - MECHANICSBURG, PA
Property Size2,600 SF
Lot Size0.14 Acres
Price / SF$113.42
Days on Market47
Property Features for 107 E MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street, Off Street
- Interior features
- Attic, Carpet, Combination Kitchen/Dining
- Standard status
- Active
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3733
Utilities
- Heating system
- Steam, Hot Water(Heating), Baseboard
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick, Wood Siding
- Architectural style
- Federal
Listing agency
Keller Williams of Central PA
(717) 761-4300
Listed by
DENNIS ECKMAN · License #RS272185
(717) 385-7924
Added: Jun 5 Updated: Jul 20 at 1:49PM Checked: Jul 21 at 3:06PM
MLS# PACB2054882
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 approximately 2,600+ square foot, three-story tenant-occupied multi-family property is located in Mechanicsburg Borough. The first floor is currently occupied by a technology retail, repair, and service business. The second story has residential tenants in a 2-bedroom apartment, and the property also includes a third-floor tenant.
The rear of the building has alley access to eight off-street parking spaces. The listing notes deferred maintenance, including painting, deck work, and repairs to the second-story porch floor.
The property is presented for sale with the owner stating it could be maintained and marketed at a higher value than its current price based on condition. The seller is motivated and invites offers.
The rear of the building has alley access to eight off-street parking spaces. The listing notes deferred maintenance, including painting, deck work, and repairs to the second-story porch floor.
The property is presented for sale with the owner stating it could be maintained and marketed at a higher value than its current price based on condition. The seller is motivated and invites offers.
Key Highlights
- Approx. 2,600+ SF, 3‑story tenant‑occupied property in Mechanicsburg Borough
- 1st floor tenant is a technology retail, repair and service business; 2nd story has 2BR apartment tenants
- Monthly rent totals $2,400 currently; 2nd‑floor rent is at market value
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 | $37.4k | $14.40 |
| − Vacancy | −$2.1k | −$0.81 |
| EGI | $35.3k | $13.59 |
| − OpEx | −$10.6k | −$4.08 |
| NOI | $24.7k | $9.51 |
2,600 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.2K – $412.3K
NOI $24,738 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$313.7K
$274.5K – $366.0K
NOI $21,961 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$604.0K
$528.5K – $704.6K
NOI $42,277 @ 7.0% cap · market cap 14.34%
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 3-story multi-family property with alley access and eight off-street parking spaces.
Where is this duplex located?
The property is located at 107 E MAIN Street Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Approx. 2,600+ SF, 3‑story tenant‑occupied property in Mechanicsburg Borough; 1st floor tenant is a technology retail, repair and service business; 2nd story has 2BR apartment tenants; Monthly rent totals $2,400 currently; 2nd‑floor rent is at market value
