Duplex with Detached
For Sale
$229,900
12101 PEN MAR ROAD, Waynesboro, PA 17268
Two separately entered units offer private parking, updated electrical service, and basement laundry hookups.
Property Size1,920 SF
Price / SF$119.74
Days on Market47
Property Features for 12101 PEN MAR ROAD
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
basement laundry hookups
Building Details
Year Built
1961
Listing Agency:
Coldwell Banker Realty
(717) 762-7111
Listed By:
Matthew E Gunder · License #599676
(717) 729-8027
Source:
Cummingsrealtors
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 8:45AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex, built in 1961, contains two 2-bedroom, 1-bath residences of roughly 960 square feet each. Both units feature LVP flooring, electric baseboard heat, replacement windows, basement laundry hookups, and distinct front and rear entrances. Separate electric meters and updated 200-amp electrical service support independent unit operation. A new roof is scheduled for 2026, and Unit B includes a detached garage.
Located at 12101 Pen Mar Road in Waynesboro, the property also provides private driveway parking. Water and sewer are served through a single connection, with tenants contributing toward water, sewer, and trash expenses. Unit A is occupied, while Unit B is being painted following the prior tenant’s move-out and is expected to be ready when the listing becomes active.
Located at 12101 Pen Mar Road in Waynesboro, the property also provides private driveway parking. Water and sewer are served through a single connection, with tenants contributing toward water, sewer, and trash expenses. Unit A is occupied, while Unit B is being painted following the prior tenant’s move-out and is expected to be ready when the listing becomes active.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 1,920 square feet
- Roughly 960 square feet per unit
- Separate electric meters with updated 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,096
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$29.5K $15.36/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$27.3K $14.21/SF
− OpEx
−$8.2K −$4.26/SF
NOI
$19.1K $9.95/SF
Area
Franklin County, PA
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$465.5K
$407.4K – $543.1K
NOI $32,588 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units offer private parking, updated electrical service, and basement laundry hookups.
Where is this duplex located?
The property is located at 12101 PEN MAR ROAD Waynesboro, 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: Two 2‑bedroom, 1‑bath units totaling 1,920 square feet; Roughly 960 square feet per unit; Separate electric meters with updated 200‑amp electrical service
