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Five-Unit Apartment Building
New
For Sale
$375,000

148 E QUEEN STREET, Chambersburg, PA 17201

Downtown apartment property with a varied unit mix, one vacant residence, and established tenancy in four apartments.

Property Size6,507 SF
Price / SF$57.63
Days on Market5

Property Features for 148 E QUEEN STREET

General Information

Standard status Active
Size 6,507 SF
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence needs only paint and minor repairs

Units

Unit Mix 3 x 2BR/1BA, 1 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units 5

Additional Details

Gross Income $48,233

Building Details

Year Built 1900
Buildings 1
Listing Agency: Antietam Realty
Listed By: Chase Alexander Bricker
Source: Cummingsrealtors
Added: Sep 1 Changed: Sep 4 Last Checked: Sep 4 at 2:21PM

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 Antietam Realty

Investment Insights

Based on property information with market context.

Built in 1900, this 6,507-square-foot apartment building contains five residences: three 2BR/1BA units, one 2BR/1.5BA unit, and one 1BR/1BA unit. Four apartments are leased, while Apartment 2 is vacant and requires paint and minor repairs. Apartment 4 has been occupied by the same tenant since 2010.

A gas furnace provides building heat, with the owner responsible for heat, water, sewer, and trash. Tenants pay their own electric service. The property is located in downtown Chambersburg and includes operating records, a rent roll, and leases available for review upon request.

Key Highlights

  • Five‑unit apartment building with three 2BR/1BA, one 2BR/1.5BA, and one 1BR/1BA units
  • 6,507 square feet constructed in 1900
  • Four leased apartments and one vacant unit requiring paint and minor repairs

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Furniture & Home Goods Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,219
Businesses Nearby

Demographics for 17201, PA

27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Downtown apartment property with a varied unit mix, one vacant residence, and established tenancy in four apartments.
Where is this apartment building located?
The property is located at 148 E QUEEN STREET Chambersburg, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Five‑unit apartment building with three 2BR/1BA, one 2BR/1.5BA, and one 1BR/1BA units; 6,507 square feet constructed in 1900; Four leased apartments and one vacant unit requiring paint and minor repairs
More about this property
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