Single-Level Residential Income
New
For Sale
$247,000
14090 BLAIRS RIDGE DRIVE, Mercersburg, PA 17236
The condo has three bedrooms, two bathrooms, and a screened porch off the primary bedroom.
Property Size1,556 SF
Price / SF$158.74
Days on Market6
Property Features for 14090 BLAIRS RIDGE DRIVE
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Apartment
Amenities
fireplace
screened porch
jetted tub
kitchen bar
rear patio
laundry
Building Details
Year Built
2006
Listing Agency:
Iron Valley Real Estate of Chambersburg
(717) 210-5500
Listed By:
Carly Patla · License #RS333623
(717) 491-2190
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:49PM
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 Iron Valley Real Estate of Chambersburg
Investment Insights
Based on property information with market context.
This single-level condo offers 1,556 square feet of living space, with an open layout connecting the kitchen and living areas. The kitchen bar provides additional counter space and seating. The home has three bedrooms, two bathrooms, a fireplace, and a laundry area. The primary bedroom includes direct access to a screened porch, while its en-suite bath features double sinks and a jetted tub. Paint, doors, flooring, and light fixtures have been replaced. The property was built in 2006.
The condo is part of Whitetail Resort Community. HOA fees cover water, sewer, trash, snow removal, and lawn maintenance.
The condo is part of Whitetail Resort Community. HOA fees cover water, sewer, trash, snow removal, and lawn maintenance.
Key Highlights
- 1,556 square feet in a single‑level condo
- Three bedrooms and two bathrooms
- Screened porch accessed from the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,974
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,480
$279.5K
Cap Rate 7%
$199,629
$199.6K
Cap Rate 9%
$155,267
$155.3K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$27.3K $17.52/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$25.4K $16.33/SF
− OpEx
−$11.4K −$7.35/SF
NOI
$14.0K $8.98/SF
Area
Franklin County, PA
Vacancy
6.80%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,480
Cap Rate 7%
$199,629
Cap Rate 9%
$155,267
Alternative Uses
Best Use
Apartment 5plus
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.3K
$330.1K – $440.2K
NOI $26,410 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 17236, PA
8,620
Population
3,741
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
69
Density / Sq Mi
$81,074
Median Household Income
$42,283
Median Earnings
$986
Median Rent
$250,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo has three bedrooms, two bathrooms, and a screened porch off the primary bedroom.
Where is this residential income property located?
The property is located at 14090 BLAIRS RIDGE DRIVE Mercersburg, PA.
What is the asking price?
The asking price for this property is $247,000.
What are key features of this property?
This property features: 1,556 square feet in a single‑level condo; Three bedrooms and two bathrooms; Screened porch accessed from the primary bedroom
