Turnkey 4-Unit Brick
132 S HANOVER Street Carlisle, PA 17013
For Sale
$440,000
MULTI_FAMILY - Other - CARLISLE, PA
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$157.14
Days on Market47
Property Features for 132 S HANOVER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking
- 11
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5569
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1776
- Number of units
- 4
- Building materials
- Brick, Stone
- Architectural style
- Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 245-2100
Listed By:
HEATHER ANN NEIDLINGER · License #AB066821
(717) 226-2875
Added: Jun 11
Changed: Jul 21
Last Checked: Jul 27 at 8:06AM
MLS# PACB2055116
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 turnkey 4-unit multifamily property features a brick and stone exterior and four occupied units. The unit mix includes one 1-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two additional 1-bedroom/1-bath units, each currently generating monthly rental income as listed in the public remarks.
The property also includes 11 off-street parking spaces, with monthly income listed for multiple spaces and some noted as vacant. A portion of the parking revenue is currently in place based on the public remarks provided.
Buyer and agent to verify square footage. The offering is presented as a residential income property with parking income in addition to the leased units.
The property also includes 11 off-street parking spaces, with monthly income listed for multiple spaces and some noted as vacant. A portion of the parking revenue is currently in place based on the public remarks provided.
Buyer and agent to verify square footage. The offering is presented as a residential income property with parking income in addition to the leased units.
Key Highlights
- Brick and stone 4‑unit multifamily built in 1776
- Four occupied units: 1BD/1BA at $980, 2BD/1BA at $1,000, 1BD/1BA at $895, and 2BD/1BA at $1,150 per month
- 11 off‑street parking spaces generating additional income (some listed at $15/month, $20/month, with Vacant spaces #7, #9, and #10)
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 | $40.3k | $14.40 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $38.1k | $13.59 |
| − OpEx | −$11.4k | −$4.08 |
| NOI | $26.6k | $9.51 |
2,800 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.6K
$333.0K – $444.0K
NOI $26,641 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,650 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$650.4K
$569.1K – $758.8K
NOI $45,529 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Brick and stone quadplex with four occupied units and 11 off-street parking spaces.
Where is this quadplex located?
The property is located at 132 S HANOVER Street Carlisle, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Brick and stone 4‑unit multifamily built in 1776; Four occupied units: 1BD/1BA at $980, 2BD/1BA at $1,000, 1BD/1BA at $895, and 2BD/1BA at $1,150 per month; 11 off‑street parking spaces generating additional income (some listed at $15/month, $20/month, with Vacant spaces #7, #9, and #10)
