Two-Unit
New
For Sale
$199,000
196 S 2ND STREET S, Steelton, PA 17113
The layout accommodates owner occupancy in one residence and rental use in the other.
Property Size2,080 SF
Price / SF$95.67
Days on Market5
Property Features for 196 S 2ND STREET S
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1880
Listing Agency:
Coldwell Banker Realty
(717) 534-2442
Listed By:
LISA L GERLACH · License #AB067131
(717) 623-5472
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:39PM
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
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex contains two residential units and has undergone a full rehabilitation. Its configuration allows an owner to occupy one unit while renting the second.
Built in 1880, the property is located at 196 S 2nd Street S in Steelton, Pennsylvania.
Built in 1880, the property is located at 196 S 2nd Street S in Steelton, Pennsylvania.
Key Highlights
- Two residential units in a 2,080‑square‑foot duplex
- Full rehabilitation completed
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,545
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,900
$330.9K
Cap Rate 7%
$236,357
$236.4K
Cap Rate 9%
$183,833
$183.8K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$32.7K $15.72/SF
− Vacancy
−$2.6K −$1.26/SF
EGI
$30.1K $14.46/SF
− OpEx
−$13.5K −$6.51/SF
NOI
$16.5K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,900
Cap Rate 7%
$236,357
Cap Rate 9%
$183,833
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.1K – $309.4K
NOI $18,566 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$236.4K
$206.8K – $275.8K
NOI $16,545 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,164 @ 7.0% cap · market cap 134.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 17113, PA
11,649
Population
4,955
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
4.2 sq mi
ZIP Area
2,774
Density / Sq Mi
$60,554
Median Household Income
$32,681
Median Earnings
$1,091
Median Rent
$141,300
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?
Duplex - The layout accommodates owner occupancy in one residence and rental use in the other.
Where is this duplex located?
The property is located at 196 S 2ND STREET S Steelton, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two residential units in a 2,080‑square‑foot duplex; Full rehabilitation completed; Built in 1880
