Updated Two-Unit
For Sale
$319,900
143 Breckenridge Street, Gettysburg, PA 17325
Separate entrances, laundry, parking, and screened outdoor space support flexible occupancy.
Property Size2,192 SF
Price / SF$145.94
Days on Market102
Property Features for 143 Breckenridge Street
General Information
Standard status
Active
Size
2,192 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R2, ELM STREET OVERLAY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,660
Amenities
in-unit laundry
screened-in porch
rear deck
front porch
shed
No
Built-In Range, Dishwasher, Refrigerator, Stainless Steel Appliances, Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, Dryer - Front Loading, Washer - Front Loading
Floor Plan - Traditional, 2nd Kitchen, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Pantry, Skylight(s), Wood Floors
https://pictureperfectllctours.com/143-Breckenridge-St/idx
No Pool
Outbuilding(s), Play Area, Sidewalks
Deck(s), Porch(es), Screened
Building Details
Year Built
1920
Buildings
1
Construction
bungalow/craftsman-style
Listing Agency:
Century 21 Redwood Realty
(240) 674-2932
Listed By:
Melissa M Atherholt · License #RSR003093
(240) 674-2932
Source:
Compass
Added: May 23
Changed: Aug 30
Last Checked: Aug 31 at 10:07PM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
This updated bungalow-style legal duplex contains 2,192 square feet arranged as two 2BR/1BA units. Each residence has a private entrance and in-unit laundry, while the upper unit includes hardwood floors, generous closets, an updated kitchen and bath, and new stainless steel appliances. Traditional layouts include dining areas, pantry space, entry-level bedrooms, and wood flooring. A screened porch, rear deck, shed, and two off-street parking spaces add practical utility.
The property is zoned R2 with the ELM STREET OVERLAY and is permitted for 30+ day rentals. It sits across from a café and one block from WellSpan Gettysburg Hospital, with walkable access to downtown Gettysburg, restaurants, breweries, shops, historic attractions, and community events. Gettysburg Area School District serves the property.
The property is zoned R2 with the ELM STREET OVERLAY and is permitted for 30+ day rentals. It sits across from a café and one block from WellSpan Gettysburg Hospital, with walkable access to downtown Gettysburg, restaurants, breweries, shops, historic attractions, and community events. Gettysburg Area School District serves the property.
Key Highlights
- Legal duplex with two 2BR/1BA units totaling 2,192 square feet
- Private entrances and in‑unit laundry in both residences
- R2 zoning with ELM STREET OVERLAY; zoned for 30+ day rentals
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
$10,111
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
3.16%
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%
$202,220
$202.2K
Cap Rate 7%
$144,443
$144.4K
Cap Rate 9%
$112,344
$112.3K
Market Conditions
NOI Build-Up for 2,192 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
$15.3K $6.96/SF
− Vacancy
−$812 −$0.37/SF
EGI
$14.4K $6.59/SF
− OpEx
−$4.3K −$1.98/SF
NOI
$10.1K $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%
$202,220
Cap Rate 7%
$144,443
Cap Rate 9%
$112,344
Alternative Uses
Best Use
Multifamily LT 5
$144.4K
$126.4K – $168.5K
NOI $10,111 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$132.7K
$116.1K – $154.8K
NOI $9,287 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$403.7K
$353.3K – $471.0K
NOI $28,260 @ 7.0% cap · market cap 8.83%
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
1,678
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 - Separate entrances, laundry, parking, and screened outdoor space support flexible occupancy.
Where is this duplex located?
The property is located at 143 Breckenridge Street Gettysburg, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Legal duplex with two 2BR/1BA units totaling 2,192 square feet; Private entrances and in‑unit laundry in both residences; R2 zoning with ELM STREET OVERLAY; zoned for 30+ day rentals
