Updated Over/Under
For Sale
$272,250
Pending
15696 PENNSYLVANIA AVENUE, State Line, PA 17263
Two residences offer separate laundry, basement storage, and flexible occupancy options.
Property Size1,716 SF
Days on Market48
Property Features for 15696 PENNSYLVANIA AVENUE
General Information
Standard status
Pending
Size
1,716 SF
Property subtype
Duplex
Building Details
Year Built
1901
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Julie M Gilbert · License #0666190
(301) 573-5691
Source:
Cummingsrealtors
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 7 at 12:41PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This 1,716-square-foot over/under duplex, built in 1901, contains two residential units with a matching layout: each has two bedrooms, one full bathroom, a living room, and a kitchen. Each residence also includes its own washer and dryer, while the basement provides separate storage areas. The configuration supports continued duplex use and may also allow a return to single-family occupancy with limited work.
Major updates include a heating system, two water heaters with one serving each unit, and separate 200-amp electrical services installed in 2020. All 22 windows were replaced in 2015, and the second-floor kitchen was updated that year. The roof is newer, and the interior has been freshly painted with professionally cleaned carpeting. The property is located at 15696 Pennsylvania Avenue in State Line, PA, near restaurants, shopping, and interstate access.
Major updates include a heating system, two water heaters with one serving each unit, and separate 200-amp electrical services installed in 2020. All 22 windows were replaced in 2015, and the second-floor kitchen was updated that year. The roof is newer, and the interior has been freshly painted with professionally cleaned carpeting. The property is located at 15696 Pennsylvania Avenue in State Line, PA, near restaurants, shopping, and interstate access.
Key Highlights
- 1,716 SF over/under duplex with two 2‑bedroom, 1‑bath units
- Each unit includes a living room, kitchen, washer, and dryer
- Separate 200‑amp electrical services installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,067
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,340
$341.3K
Cap Rate 7%
$243,814
$243.8K
Cap Rate 9%
$189,633
$189.6K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$26.4K $15.36/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$24.4K $14.21/SF
− OpEx
−$7.3K −$4.26/SF
NOI
$17.1K $9.95/SF
Area
Franklin County, PA
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,340
Cap Rate 7%
$243,814
Cap Rate 9%
$189,633
Alternative Uses
Best Use
Multifamily LT 5
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$220.2K
$192.6K – $256.9K
NOI $15,411 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 17263, PA
661
Population
249
Households
2.7
Avg Household Size
40
Median Age
19%
College-Educated
91%
High-School Grad
0.3 sq mi
ZIP Area
2,203
Density / Sq Mi
$51,083
Median Earnings
$204,700
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 residences offer separate laundry, basement storage, and flexible occupancy options.
Where is this duplex located?
The property is located at 15696 PENNSYLVANIA AVENUE State Line, PA.
What is the asking price?
The asking price for this property is $272,250.
What are key features of this property?
This property features: 1,716 SF over/under duplex with two 2‑bedroom, 1‑bath units; Each unit includes a living room, kitchen, washer, and dryer; Separate 200‑amp electrical services installed in 2020
