2-Unit Duplex with
For Sale
$319,000
123 W MAIN ST, Hershey, PA 17033
Vacant residential property with separate kitchens, on-site parking options, and flexibility for rental or single-family use.
Property Size1,594 SF
Lot Size0.16 Acres
Price / SF$200.13
Days on Market55
Property Features for 123 W MAIN ST
General Information
Standard status
Active
Size
1,594 SF
Lot size
0.16 Acres
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Source:
360
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 19 at 6:52AM
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 Kingsway Realty - Ephrata
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Investment Insights
Based on property information with market context.
This 1,594-square-foot duplex contains two residential units, each arranged with 2 bedrooms, 1 bath, and its own kitchen. The property has four total bedrooms, and both units are currently vacant. Residential zoning or classification supports continued rental use or possible conversion to a single-family home.
The property occupies a .16-acre lot at 123 W MAIN ST in Hershey, Pennsylvania. Parking is available both on the street and off street. Its setting is near downtown Hershey, shopping, dining, and major commuter routes.
The property occupies a .16-acre lot at 123 W MAIN ST in Hershey, Pennsylvania. Parking is available both on the street and off street. Its setting is near downtown Hershey, shopping, dining, and major commuter routes.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath residences
- 1,594 square feet on a .16‑acre lot
- Four total bedrooms and two kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,228
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,560
$284.6K
Cap Rate 7%
$203,257
$203.3K
Cap Rate 9%
$158,089
$158.1K
Market Conditions
NOI Build-Up for 1,594 SF
Gross rent
$22.0K $13.80/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$20.3K $12.75/SF
− OpEx
−$6.1K −$3.83/SF
NOI
$14.2K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,560
Cap Rate 7%
$203,257
Cap Rate 9%
$158,089
Alternative Uses
Best Use
Multifamily LT 5
$203.3K
$177.9K – $237.1K
NOI $14,228 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,679 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$2.94M
$2.57M – $3.43M
NOI $205,506 @ 7.0% cap · market cap 64.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant residential property with separate kitchens, on-site parking options, and flexibility for rental or single-family use.
Where is this duplex located?
The property is located at 123 W MAIN ST Hershey, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; 1,594 square feet on a .16‑acre lot; Four total bedrooms and two kitchens
