Two-Unit Duplex with Hardwood
New
For Sale
$399,900
141 BARLOW STREET, Gettysburg, PA 17325
Six-bedroom property with basement space, attic access, and separate living areas for flexible occupancy.
Property Size3,848 SF
Price / SF$103.92
Days on Market4
Property Features for 141 BARLOW STREET
General Information
Standard status
Active
Size
3,848 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
RE/MAX of Gettysburg
(717) 321-3333
Listed By:
Holly Purdy · License #AB067679
(717) 321-3333
Source:
Cummingsrealtors
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 6:27AM
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 of Gettysburg
Investment Insights
Based on property information with market context.
This two-unit duplex offers six bedrooms and two full and two half bathrooms across its residential layout. Hardwood flooring runs throughout the home, while the basement includes finished space and a natural gas boiler. An attic is accessible by pull-down stairs from the upstairs hallway, and air conditioning equipment is located in the attic.
Built in 1957, the property sits on Barlow Street in Gettysburg, Pennsylvania, a few blocks from historic Gettysburg Square. The configuration supports occupancy in one side while renting the other, or leasing both sides, as described by the existing duplex arrangement.
Built in 1957, the property sits on Barlow Street in Gettysburg, Pennsylvania, a few blocks from historic Gettysburg Square. The configuration supports occupancy in one side while renting the other, or leasing both sides, as described by the existing duplex arrangement.
Key Highlights
- Six total bedrooms with 2 full and 2 half baths
- Finished basement space with natural gas boiler
- Hardwood floors throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,000
$355.0K
Cap Rate 7%
$253,571
$253.6K
Cap Rate 9%
$197,222
$197.2K
Market Conditions
NOI Build-Up for 3,848 SF
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.
Gross rent
$26.8K $6.96/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$25.4K $6.59/SF
− OpEx
−$7.6K −$1.98/SF
NOI
$17.8K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$355,000
Cap Rate 7%
$253,571
Cap Rate 9%
$197,222
Alternative Uses
Best Use
Multifamily LT 5
$253.6K
$221.9K – $295.8K
NOI $17,750 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$708.7K
$620.1K – $826.8K
NOI $49,610 @ 7.0% cap · market cap 12.41%
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
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
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 - Six-bedroom property with basement space, attic access, and separate living areas for flexible occupancy.
Where is this duplex located?
The property is located at 141 BARLOW STREET Gettysburg, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Six total bedrooms with 2 full and 2 half baths; Finished basement space with natural gas boiler; Hardwood floors throughout the property
