Four-Unit Residential Income
For Sale
$429,500
Pending
131 E CHESTNUT STREET, Hanover, PA 17331
Four fully rented units are separately metered for electric and include on-site coin-operated laundry.
Property SizeContact for details
Days on Market47
Property Features for 131 E CHESTNUT STREET
General Information
Standard status
Pending
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
coin-operated laundry
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
RE/MAX Plus
(301) 992-2163
Listed By:
Francis X Murray III · License #0225262926
(301) 992-2163
Source:
Cummingsrealtors
Added: Jul 18
Changed: Aug 31
Last Checked: Sep 1 at 5:03PM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
This four-unit residential income property is fully rented and consists of one 1-bedroom unit, one 2-bedroom unit, and two 3-bedroom units. Electric service is separately metered and paid by the tenants. The property also includes a coin-operated laundry on site.
All four units are on month-to-month leases. The property is described as within walking distance to downtown restaurants and other businesses.
Prospective buyers will need to provide either a pre-qualification letter or a letter from a bank verifying cash to make the purchase prior to approval of a showing.
All four units are on month-to-month leases. The property is described as within walking distance to downtown restaurants and other businesses.
Prospective buyers will need to provide either a pre-qualification letter or a letter from a bank verifying cash to make the purchase prior to approval of a showing.
Key Highlights
- 4‑unit property built in 1930 with all 4 units currently fully rented
- Unit mix: one 1‑bedroom, one 2‑bedroom, and two 3‑bedroom units
- Separately metered electric with utilities paid by tenants
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully rented units are separately metered for electric and include on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 131 E CHESTNUT STREET Hanover, PA.
What is the asking price?
The asking price for this property is $429,500.
What are key features of this property?
This property features: 4‑unit property built in 1930 with all 4 units currently fully rented; Unit mix: one 1‑bedroom, one 2‑bedroom, and two 3‑bedroom units; Separately metered electric with utilities paid by tenants
