Two-Unit Duplex with Central
New
For Sale
$350,000
1802 and 1804 E CARACAS AVENUE, Hershey, PA 17033
Both residences offer two bedrooms, eat-in kitchens, and lower-level storage, with natural gas heat.
Property Size3,080 SF
Price / SF$113.64
Days on Market7
Property Features for 1802 and 1804 E CARACAS AVENUE
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
(717) 534-2442
Listed By:
Sally Copeland · License #RS343669
(717) 579-8528
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 8:36AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1950 duplex contains two separate residences, each arranged with a living room, an eat-in kitchen, two bedrooms, and one full bathroom. Both units also include lower-level storage, natural gas heating, and central air conditioning. The property measures 3,080 square feet and occupies a corner lot on a quiet street in Hershey.
One unit is vacant, while the other is leased month to month. In-town shops and restaurants and Hershey Medical Center are a short distance away.
One unit is vacant, while the other is leased month to month. In-town shops and restaurants and Hershey Medical Center are a short distance away.
Key Highlights
- Two units, each with a living room, eat‑in kitchen, two bedrooms, and one full bath
- 3,080 square feet on a corner lot
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,492
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,840
$549.8K
Cap Rate 7%
$392,743
$392.7K
Cap Rate 9%
$305,467
$305.5K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$42.5K $13.80/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$39.3K $12.75/SF
− OpEx
−$11.8K −$3.83/SF
NOI
$27.5K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,840
Cap Rate 7%
$392,743
Cap Rate 9%
$305,467
Alternative Uses
Best Use
Multifamily LT 5
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$350.0K
$306.2K – $408.3K
NOI $24,499 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$5.67M
$4.96M – $6.62M
NOI $397,089 @ 7.0% cap · market cap 113.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, eat-in kitchens, and lower-level storage, with natural gas heat.
Where is this duplex located?
The property is located at 1802 and 1804 E CARACAS AVENUE Hershey, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two units, each with a living room, eat‑in kitchen, two bedrooms, and one full bath; 3,080 square feet on a corner lot; Built in 1950
