Victorian 2-Unit Residential
For Sale
$319,000
123 W MAIN Street, Hershey, PA 17033
MULTI_FAMILY - Victorian - HERSHEY, PA
Property Size1,594 SF
Lot Size0.16 Acres
Price / SF$200.13
Days on Market49
Property Features for 123 W MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
3
Parking features
Driveway, Off Street, On Street
High school
LOWER DAUPHIN
Elementary school district
LOWER DAUPHIN
Middle school district
LOWER DAUPHIN
High school district
LOWER DAUPHIN
Standard status
Active
Size
1,594 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2559
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ductless
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding
Architectural style
Victorian
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Added: Jun 18
Changed: Jul 9
Last Checked: Aug 5 at 12:06AM
MLS# PADA2061152
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 vacant two-unit property on a 0.16-acre lot features two separate 2-bedroom, 1-bath residences with two kitchens and four total bedrooms. The building is configured as a duplex, offering straightforward separation between units and the ability for a new owner to establish rents immediately or renovate to suit specific preferences. Both units are currently vacant, which can simplify planning for updates, leasing, or owner-occupancy.
The property is located at 123 W MAIN Street in Hershey, Pennsylvania, in Dauphin County. Parking is available both on-street and off-street, supporting tenant access and practical day-to-day use. The listing notes convenience to downtown Hershey and nearby shopping, dining, and major commuter routes.
For investors or owner-occupants, the duplex format can support either continued rental use or a change in occupancy strategy, with residential zoning described as providing flexibility for continued rental use or potential conversion to a single-family home. With both units vacant, prospective owners have the option to review condition, set leasing plans, or tailor renovations to the next use best aligned with their goals.
The property is located at 123 W MAIN Street in Hershey, Pennsylvania, in Dauphin County. Parking is available both on-street and off-street, supporting tenant access and practical day-to-day use. The listing notes convenience to downtown Hershey and nearby shopping, dining, and major commuter routes.
For investors or owner-occupants, the duplex format can support either continued rental use or a change in occupancy strategy, with residential zoning described as providing flexibility for continued rental use or potential conversion to a single-family home. With both units vacant, prospective owners have the option to review condition, set leasing plans, or tailor renovations to the next use best aligned with their goals.
Key Highlights
- Vacant 2‑unit property on a 0.16‑acre lot in Hershey, with two 2‑bedroom, 1‑bath units
- Four total bedrooms with two kitchens across the two units
- Residential zoning allows for continued rental use or potential conversion to a single‑family home
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 | $22.0k | $13.80 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $20.3k | $12.75 |
| − OpEx | −$6.1k | −$3.83 |
| NOI | $14.2k | $8.93 |
1,594 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with two 2-bedroom units, parking, and residential zoning flexibility near downtown Hershey.
Where is this duplex located?
The property is located at 123 W MAIN Street 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: Vacant 2‑unit property on a 0.16‑acre lot in Hershey, with two 2‑bedroom, 1‑bath units; Four total bedrooms with two kitchens across the two units; Residential zoning allows for continued rental use or potential conversion to a single‑family home
