Two-Unit Residential Income
117 Baltimore Street Hanover, PA 17331
For Sale
$275,000
Spacious two-unit duplex with separate utilities, wood floors, newer kitchens, and off-street parking with carports.
Property Size2,593 SF
Price / SF$106.05
Days on Market162
Property Features for 117 Baltimore Street
General Information
Standard status
Active
Size
2,593 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1900
Listing Agency:
ERA Preferred Properties
(717) 479-1964
Listed By:
Bill Mundorff · License #RS155742A
(717) 479-1964
Source:
Compass
Added: Feb 16
Changed: Jul 23
Last Checked: Jul 27 at 1:01PM
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 ERA Preferred Properties
Investment Insights
Based on property information with market context.
This two-unit residential income duplex offers a spacious up-and-down layout with separate water heaters, electric panels, and heating systems for each unit. Units feature electric baseboard heat and gas radiator heat, along with wood floors and newer kitchens. The property includes a basement and attic, with front and back entrances for each unit.
The home sits on a property that provides lots of off-street parking, including a couple of carports. The offering is located in Hanover, within York County, and is served by the Hanover Public school district.
With independent mechanicals and a practical parking setup, the duplex is designed to support straightforward unit operations. The carports could also be converted to garages with overhead doors added.
The home sits on a property that provides lots of off-street parking, including a couple of carports. The offering is located in Hanover, within York County, and is served by the Hanover Public school district.
With independent mechanicals and a practical parking setup, the duplex is designed to support straightforward unit operations. The carports could also be converted to garages with overhead doors added.
Key Highlights
- Spacious two‑unit duplex with separate water heaters, electric panels, and furnaces for each unit
- Each unit has electric baseboard and gas radiator heat
- Wood floors and newer kitchens in the duplex units
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 | $45.7k | $17.64 |
| − Vacancy | −$2.3k | −$0.88 |
| EGI | $43.5k | $16.76 |
| − OpEx | −$19.6k | −$7.54 |
| NOI | $23.9k | $9.22 |
2,593 SF · lease $17.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.6K
$321.6K – $428.8K
NOI $25,729 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,899 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$750.8K
$656.9K – $875.9K
NOI $52,554 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious two-unit duplex with separate utilities, wood floors, newer kitchens, and off-street parking with carports.
Where is this duplex located?
The property is located at 117 Baltimore Street Hanover, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Spacious two‑unit duplex with separate water heaters, electric panels, and furnaces for each unit; Each unit has electric baseboard and gas radiator heat; Wood floors and newer kitchens in the duplex units
