Two-Brick Duplex
142 Riddle Road Chambersburg, PA 17201
For Sale
$630,000
Two brick, free-standing duplexes total four tenant-occupied units with attached garages and in-unit separated utilities.
Property Size2,304 SF
Price / SF$273.44
Days on Market112
Property Features for 142 Riddle Road
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
RE/MAX Realty Associates
(717) 579-9799
Listed By:
TIM COSTELLO · License #RM426073
(717) 579-9799
Source:
Compass
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 11:12AM
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 Realty Associates
Investment Insights
Based on property information with market context.
The offering includes two separate parcels, each improved with a two-unit, brick, free-standing duplex featuring first- and second-floor residences. Across both properties, there are four total rental units. Each unit is laid out with a spacious living room, dining room, kitchen, two bedrooms, and one bathroom.
Three of the four units have been recently renovated, including kitchen updates with granite, new appliances, flooring, and fixtures, along with new bathrooms and fresh paint throughout. Each duplex also provides upper and lower covered porches and a detached two-car garage, offering one dedicated space per unit. Basements function as common areas and include separate washers and dryers, hot water heaters, electric panels, and boilers for each unit, supporting individually separated utilities. Second-floor units also have access to spacious attics for additional storage.
The properties are located in an established Chambersburg neighborhood with easy access to Wilson College, shopping, dining, and major highways.
Three of the four units have been recently renovated, including kitchen updates with granite, new appliances, flooring, and fixtures, along with new bathrooms and fresh paint throughout. Each duplex also provides upper and lower covered porches and a detached two-car garage, offering one dedicated space per unit. Basements function as common areas and include separate washers and dryers, hot water heaters, electric panels, and boilers for each unit, supporting individually separated utilities. Second-floor units also have access to spacious attics for additional storage.
The properties are located in an established Chambersburg neighborhood with easy access to Wilson College, shopping, dining, and major highways.
Key Highlights
- Two brick, free‑standing duplexes with attached garages and 4 total tenant‑occupied rental units
- Two parcels included: 142 & 150 Riddle Road; each parcel features a 2‑unit property with 1st- and 2nd‑floor units
- Each unit has a spacious living room, dining room, kitchen, 2 bedrooms, and 1 bathroom
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 | $35.4k | $15.36 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $32.7k | $14.21 |
| − OpEx | −$9.8k | −$4.26 |
| NOI | $22.9k | $9.95 |
2,304 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.4K
$286.4K – $381.9K
NOI $22,915 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$295.6K
$258.7K – $344.9K
NOI $20,692 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$558.6K
$488.8K – $651.8K
NOI $39,105 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two brick, free-standing duplexes total four tenant-occupied units with attached garages and in-unit separated utilities.
Where is this duplex located?
The property is located at 142 Riddle Road Chambersburg, PA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two brick, free‑standing duplexes with attached garages and 4 total tenant‑occupied rental units; Two parcels included: 142 & 150 Riddle Road; each parcel features a 2‑unit property with 1st- and 2nd‑floor units; Each unit has a spacious living room, dining room, kitchen, 2 bedrooms, and 1 bathroom
