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    Updated Multi-Unit Home with Income Title is generated by Realmo AI

    113 S ENOLA DRIVE, Enola, PA 17025

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    For Sale
    $447,500

    MULTI_FAMILY - Other - ENOLA, PA

    Property size:
    2,612 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $171/SF
    Added:
    Jan 22, 2026
    Days on Market:
    113
    Last Refresh:
    May 15 at 9:06 pm

    Property Features for 113 S ENOLA DRIVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway, On Street
    Interior features
    Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Water Treat System
    Appliances
    Dishwasher, Oven/Range - Gas, Refrigerator, Washer - Front Loading, Dryer - Front Loading, Water Conditioner - Owned
    Standard status
    Active
    Size
    2,612 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3479

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1952
    Number of units
    2
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda L Schreffler
    Amanda L Schreffler

    Listing agent Amanda L Schreffler License #RS355161

    Listing office Iron Valley Real Estate of Central PA 918 N River Road, Halifax, PA

    Listing date Jan 22, 2026

    MLS# PACB2050028 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

    • Income‑producing second unit (tenant‑occupied 2‑bedroom, 1‑bath rental unit).
    • Extensive renovations completed between 2022‑2023, resulting in stylish, move‑in‑ready living spaces.
    • Prime location: Minutes from local dining, Central Penn College, and City Island (home of the Harrisburg Senators).
    • Enjoy outdoor amenities: Wall‑mounted natural gas grill, hot tub, and natural gas fire pit.
    • Finished basement with additional bedroom/office, full bathroom, and laundry area.
    • Whole house water softener with RO system and air scrubber system installed with HVAC.

    Overview

    This updated multi-unit home on Enola Drive is located minutes from local dining, Central Penn College, and City Island. The property, suitable for owner-occupancy or investment, underwent cosmetic renovation between 2022-2023. The primary living unit features an open-concept living and kitchen area, three bedrooms, and a full bathroom. The finished basement offers an additional bedroom or office, a second full bathroom, and a laundry area. Interior upgrades include a whole house water softener with RO system and an air scrubber system installed with the HVAC. Each floor has its own high efficiency natural gas forced air system with A/C. Outdoor amenities include a wall-mounted natural gas grill, hot tub, and natural gas fire pit. The second unit is a tenant-occupied 2-bedroom, 1-bath rental unit with a large private balcony. The property contains 2,612 square feet and sits on a 0.16-acre lot.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $276.1K
    NOI $24,852 @ 9.00% cap · cautious / downside scenario
    Moderate
    $355.0K
    NOI $24,852 @ 7.00% cap · market / base-case scenario
    Aggressive
    $497.0K
    NOI $24,852 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $37.6k $14.40
    − Vacancy −$2.1k −$0.81
    EGI $35.5k $13.59
    − OpEx −$10.7k −$4.08
    NOI $24.9k $9.51
    2,612 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $355.0K
    $310.7K – $414.2K (±1% cap)
    NOI $24,852 @ 7.0% cap · market cap 5.55%
    Second Best
    Apartment 5plus
    $315.2K
    $275.8K – $367.7K (±1% cap)
    NOI $22,062 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $606.7K
    $530.9K – $707.9K (±1% cap)
    NOI $42,472 @ 7.0% cap · market cap 9.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.93287
    Latitude
    40.28627

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    FAQs

    What type of property is this?
    Duplex - Updated multi-unit home near dining, college, and City Island.
    Where is this duplex located?
    The property is located at 113 S ENOLA DRIVE Enola, PA.
    What is the asking price?
    The asking price for this property is $447,500.
    What are key features of this property?
    This property features: Income‑producing second unit (tenant‑occupied 2‑bedroom, 1‑bath rental unit).; Extensive renovations completed between 2022‑2023, resulting in stylish, move‑in‑ready living spaces.; Prime location: Minutes from local dining, Central Penn College, and City Island (home of the Harrisburg Senators).
    (717) 877-2559
    We can help!
    Listing Contact
    Amanda L Schreffler
    Amanda L Schreffler
    Real Estate License ID: RS355161
    Learn More
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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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