Fully Occupied Mixed-Use
For Sale
$279,000
18 N WASHINGTON ST, Gettysburg, PA 17325
Three-unit building combines two apartments with a street-facing commercial salon space.
Property Size2,497 SF
Price / SF$111.73
Days on Market86
Property Features for 18 N WASHINGTON ST
General Information
Standard status
Active
Size
2,497 SF
Property subtype
Multi-family
Occupancy
100%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 876-3500
Listed By:
Grace E. Cloutier · License #RSR004788
(443) 381-2585
Source:
Lakehomesbyliz
Added: Jul 20
Changed: Oct 1
Last Checked: Oct 12 at 7:37PM
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 2,497-square-foot property contains three occupied units: two residential apartments and a commercial hair salon at the front with window frontage. One apartment has one bedroom and one bathroom, while the other offers two bedrooms and one bathroom. The mixed-use layout places residential units alongside a customer-facing commercial space, and the building has no lawn to maintain.
Located at 18 N Washington St in downtown Gettysburg, the property is positioned between the Gettysburg Town Square and Gettysburg College, with dining and shopping nearby. There is no privately owned parking lot; occupants and salon customers currently use parallel parking or spaces in or near the Town Square. Tenants are responsible for water, sewer, trash, electric, and gas.
Located at 18 N Washington St in downtown Gettysburg, the property is positioned between the Gettysburg Town Square and Gettysburg College, with dining and shopping nearby. There is no privately owned parking lot; occupants and salon customers currently use parallel parking or spaces in or near the Town Square. Tenants are responsible for water, sewer, trash, electric, and gas.
Key Highlights
- 2,497‑square‑foot mixed‑use triplex
- Three occupied units: 2 residential units and 1 commercial hair salon
- Front commercial unit features window frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,039
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,780
$500.8K
Cap Rate 7%
$357,700
$357.7K
Cap Rate 9%
$278,211
$278.2K
Market Conditions
NOI Build-Up for 2,497 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$1.7K −$0.68/SF
EGI
$35.8K $14.33/SF
− OpEx
−$10.7K −$4.30/SF
NOI
$25.0K $10.03/SF
Area
Adams County, PA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,780
Cap Rate 7%
$357,700
Cap Rate 9%
$278,211
Alternative Uses
Best Use
Mixed Use
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 9.26%
Second Best
Retail
$357.7K
$313.0K – $417.3K
NOI $25,039 @ 7.0% cap · market cap 8.97%
Theoretical Best
Specialty Retail
$459.9K
$402.4K – $536.6K
NOI $32,193 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,583
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit building combines two apartments with a street-facing commercial salon space.
Where is this triplex located?
The property is located at 18 N WASHINGTON ST Gettysburg, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,497‑square‑foot mixed‑use triplex; Three occupied units: 2 residential units and 1 commercial hair salon; Front commercial unit features window frontage
