Mixed-Use Multifamily with
18 N WASHINGTON Street Gettysburg, PA 17325
For Sale
$318,000
MULTI_FAMILY - Other - GETTYSBURG, PA
Property Size2,497 SF
Lot Size0.03 Acres
Price / SF$127.35
Days on Market391
Property Features for 18 N WASHINGTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,497 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3571
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 876-3500
Listed By:
Grace E. Cloutier · License #RSR004788
(443) 381-2585
Added: Jun 30, 2025
Changed: Jul 3
Last Checked: Jul 25 at 5:06PM
MLS# PAAD2018572
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.
Investment Insights
Based on property information with market context.
This mixed-use property is fully occupied and configured as a three-unit building with two residential apartments and one commercial hair salon located at the front. The remaining units consist of one 1-bedroom/1-bath apartment and one 2-bedroom/1-bath apartment. The building is positioned with no lawn to maintain, supported by the property’s small lot size and downtown setting. Tenant utility responsibility is clearly outlined: tenants are responsible for water/sewer, trash, electric, and gas.
The property is located in the heart of Downtown Gettysburg, positioned between the Town Square and Gettysburg College. Parking is not provided on an owned parking lot; tenants and customers for the commercial unit currently parallel park or park in/near the Gettysburg Town Square.
For tenants, the mix of storefront and apartment living can support foot-traffic driven street-level retail use alongside long-term residential occupancy. For buyers and investors, the asset offers in-place rental and salon income with a clear utility responsibility structure and an occupied unit lineup. The existing rent roll for the ground-floor commercial space and both apartments provides a straightforward snapshot of current occupancy.
The property is located in the heart of Downtown Gettysburg, positioned between the Town Square and Gettysburg College. Parking is not provided on an owned parking lot; tenants and customers for the commercial unit currently parallel park or park in/near the Gettysburg Town Square.
For tenants, the mix of storefront and apartment living can support foot-traffic driven street-level retail use alongside long-term residential occupancy. For buyers and investors, the asset offers in-place rental and salon income with a clear utility responsibility structure and an occupied unit lineup. The existing rent roll for the ground-floor commercial space and both apartments provides a straightforward snapshot of current occupancy.
Key Highlights
- 3‑unit mixed‑use building: 2 residential units plus 1 commercial hair salon in the front of the building
- Current monthly rents include: hair salon at $535.61, 1BR/1BA at $899, and 2BR/1BA at $1,195
- Brick construction with forced‑air heating; year built 1900
Financial Insights For Retail
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 | $37.5k | $15.00 |
| − Vacancy | −$1.7k | −$0.68 |
| EGI | $35.8k | $14.33 |
| − OpEx | −$10.7k | −$4.30 |
| NOI | $25.0k | $10.03 |
2,497 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$357.7K
$313.0K – $417.3K
NOI $25,039 @ 7.0% cap · market cap 7.87%
Second Best
Multifamily LT 5
$164.5K
$144.0K – $192.0K
NOI $11,518 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$459.9K
$402.4K – $536.6K
NOI $32,193 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strange Magic Salon
Hair Salon
FAQs
What type of property is this?
Triplex - Three fully occupied units include a front hair salon and two residential apartments in a downtown setting.
Where is this triplex located?
The property is located at 18 N WASHINGTON Street Gettysburg, PA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: 3‑unit mixed‑use building: 2 residential units plus 1 commercial hair salon in the front of the building; Current monthly rents include: hair salon at $535.61, 1BR/1BA at $899, and 2BR/1BA at $1,195; Brick construction with forced‑air heating; year built 1900
