Duplex with Finished
New
For Sale
$399,900
141 BARLOW Street, Gettysburg, PA 17325
Multi-Family, GETTYSBURG, PA
Property Size3,848 SF
Lot Size0.23 Acres
Price / SF$103.92
Days on Market3
Property Features for 141 BARLOW Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Subdivision
GETTYSBURG BOROUGH
Elementary school district
GETTYSBURG AREA
Middle school district
GETTYSBURG AREA
High school district
GETTYSBURG AREA
Standard status
Active
Size
3,848 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
5030
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1957
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
RE/MAX of Gettysburg
(717) 338-0881
Listed By:
Holly Purdy · License #AB067679
(717) 321-3333
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 11:06AM
MLS# PAAD2025282
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 frame duplex, built in 1957, includes six bedrooms, two full bathrooms, and two half bathrooms. Hardwood flooring extends throughout the residence, while central air conditioning and a natural gas boiler provide the primary climate systems. The finished basement adds functional interior space, and pull-down stairs in the upstairs hallway provide access to the attic.
Located a few blocks from historic Gettysburg Square, the property sits on Barlow Street in Gettysburg’s residential setting. On-street parking serves the building. Distinctive interior details include tile and lighting associated with work completed by builder Victor Re at the Eisenhower Farm during the same period.
Located a few blocks from historic Gettysburg Square, the property sits on Barlow Street in Gettysburg’s residential setting. On-street parking serves the building. Distinctive interior details include tile and lighting associated with work completed by builder Victor Re at the Eisenhower Farm during the same period.
Key Highlights
- Duplex configuration with 6 total bedrooms
- 2 full bathrooms and 2 half bathrooms
- Finished basement and attic access via pull‑down stairs
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 - Two-unit property with hardwood floors, central air, natural gas heating, and on-street parking near Gettysburg Square.
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: Duplex configuration with 6 total bedrooms; 2 full bathrooms and 2 half bathrooms; Finished basement and attic access via pull‑down stairs
