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9-Unit Multifamily Property
For Sale
Contact for pricing
Pending

131 Carlisle St, Hanover, PA 17331

Nine-unit residential property on Carlisle Street near Broadway in the Hanover market.

Property SizeContact for details
Days on Market145

Property Features for 131 Carlisle St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 9
Listing Agency: Bennett Williams Commercial
Listed By: Chad Stine · License #PA RS223285L
Source: Crexi
Added: Apr 12 Changed: Aug 16 Last Checked: Aug 31 at 10:16PM

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 Bennett Williams Commercial

Investment Insights

Based on property information with market context.

131 Carlisle Street is a nine-unit residential property located along Carlisle Street. The building provides income-producing multifamily housing for a long-term hold or value-add strategy.

The property is within close proximity to Broadway, a major north-south thoroughfare in the Hanover market. It is also positioned among the retail, office, medical, and broader population base that serves the area.

As presented, the offering highlights that potential rents in the area are greater than the rents currently collected, creating rent-growth upside for a buyer.

Key Highlights

  • 9‑unit residential property on Carlisle Street
  • Located near Broadway, one of the main North‑South thoroughfare roads in the Hanover market
  • Area potential rents are greater than the rents currently collected, offering rent upside

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Clothing & Fashion Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,638
Businesses Nearby

Demographics for 17331, PA

55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-unit residential property on Carlisle Street near Broadway in the Hanover market.
Where is this apartment building located?
The property is located at 131 Carlisle St Hanover, PA.
What are key features of this property?
This property features: 9‑unit residential property on Carlisle Street; Located near Broadway, one of the main North‑South thoroughfare roads in the Hanover market; Area potential rents are greater than the rents currently collected, offering rent upside
(717) 843-5555 Call to check price and availability
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