Mixed-Use Building with
For Sale
$209,900
18-20 S MARKET Street, Mechanicsburg, PA 17055
Multi-Family, MECHANICSBURG, PA
Property Size2,184 SF
Lot Size0.03 Acres
Price / SF$96.11
Days on Market76
Property Features for 18-20 S MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
MECHANICSBURG BOROUGH
Middle school
MECHANICSBURG
High school
MECHANICSBURG AREA
Elementary school district
MECHANICSBURG AREA
Middle school district
MECHANICSBURG AREA
High school district
MECHANICSBURG AREA
Standard status
Active
Size
2,184 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3164
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1900
Number of units
4
Building materials
Stick Built
Architectural style
Colonial
Listing Agency:
Iron Valley Real Estate of York County
(717) 316-8777
Listed By:
John P P Wiga · License #AB066147
(717) 577-0938
Added: Aug 7
Changed: Oct 20
Last Checked: Oct 21 at 6:06PM
MLS# PACB2057218
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,184-square-foot mixed-use property on a 0.03-acre lot combines two ground-floor commercial spaces with two second-floor apartments. Both commercial spaces are currently rented to the same user and have separate entrances. The building dates to 1900 and has Colonial-style architecture.
Each apartment has its own entrance. One is a one-bedroom, 1.5-bath unit with an additional room that could serve as an office or craft room, or potentially a second bedroom. The other is a smaller one-bedroom apartment accessed from the rear parking lot. Parking is on street.
Each apartment has its own entrance. One is a one-bedroom, 1.5-bath unit with an additional room that could serve as an office or craft room, or potentially a second bedroom. The other is a smaller one-bedroom apartment accessed from the rear parking lot. Parking is on street.
Key Highlights
- 2,184‑square‑foot mixed‑use building on a 0.03‑acre lot
- Two ground‑floor commercial spaces currently rented to the same user
- Two second‑floor apartments, each with a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,447
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
$368.9K
Cap Rate 7%
$263,529
$263.5K
Cap Rate 9%
$204,967
$205.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$35.6K $16.32/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$33.5K $15.36/SF
− OpEx
−$15.1K −$6.91/SF
NOI
$18.4K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
Cap Rate 7%
$263,529
Cap Rate 9%
$204,967
Alternative Uses
Best Use
Retail
$300.3K
$262.8K – $350.4K
NOI $21,024 @ 7.0% cap · market cap 10.02%
Second Best
Mixed Use
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 9.75%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,513 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 17055, PA
40,353
Population
18,994
Households
2.1
Avg Household Size
42
Median Age
47%
College-Educated
97%
High-School Grad
39.2 sq mi
ZIP Area
1,029
Density / Sq Mi
$95,542
Median Household Income
$55,923
Median Earnings
$1,320
Median Rent
$266,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments sit above commercial space in downtown Mechanicsburg.
Where is this mixed-use property located?
The property is located at 18-20 S MARKET Street Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 2,184‑square‑foot mixed‑use building on a 0.03‑acre lot; Two ground‑floor commercial spaces currently rented to the same user; Two second‑floor apartments, each with a private entrance
