Duplex with Covered
161 Chestnut Avenue Carlisle, PA 17013
161 Chestnut Avenue, Carlisle, PA, 17013
$455,000
For Sale
$455,000
Well-cared-for duplex offers two units with 3 bedrooms and 2.5 baths, plus covered front porches and easy parking.
Property Size2,880 SF
Price / SF$157.99
Days on Market49
Property Features for 161 Chestnut Avenue
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2007
Listing agency
Berkshire Hathaway HomeServices Homesale Realty
(717) 979-3425
Listed by
Karen S. Detwiler · License #AB068809
(717) 979-3425
Source
Compass
Added: Jun 4 Updated: Jul 21 at 10:24AM Checked: Jul 22 at 9:19AM
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 duplex features a stone veneer front with vinyl siding and covered front porches. Each unit includes three bedrooms, two full baths, and one half bath, along with a large living room, dining room, and a kitchen with a pantry. First-floor laundry is included, and each unit’s primary bedroom has an attached full bath.
One unit is currently rented, offering an owner-occupant option. Exterior access includes a basement with a concrete-slab crawl space described as four feet, with poured concrete walls and firewalls between the two units. Parking is convenient with two parking spots per unit, and there is also a large shed on site.
The property is positioned for daily convenience with proximity to the YMCA, shopping, schools, and major routes.
One unit is currently rented, offering an owner-occupant option. Exterior access includes a basement with a concrete-slab crawl space described as four feet, with poured concrete walls and firewalls between the two units. Parking is convenient with two parking spots per unit, and there is also a large shed on site.
The property is positioned for daily convenience with proximity to the YMCA, shopping, schools, and major routes.
Key Highlights
- Duplex built in 2007 with two units; each unit offers 3 bedrooms and 2 full baths plus 1 half bath
- Each unit includes a large living room, dining room, kitchen with pantry, and first‑floor laundry area
- Primary bedroom includes a full bath in each unit
Local 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 | $41.5k | $14.40 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $39.1k | $13.59 |
| − OpEx | −$11.7k | −$4.08 |
| NOI | $27.4k | $9.51 |
2,880 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$347.5K
$304.1K – $405.4K
NOI $24,326 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$669.0K
$585.4K – $780.5K
NOI $46,830 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-cared-for duplex offers two units with 3 bedrooms and 2.5 baths, plus covered front porches and easy parking.
Where is this duplex located?
The property is located at 161 Chestnut Avenue Carlisle, PA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Duplex built in 2007 with two units; each unit offers 3 bedrooms and 2 full baths plus 1 half bath; Each unit includes a large living room, dining room, kitchen with pantry, and first‑floor laundry area; Primary bedroom includes a full bath in each unit
