5-Unit Residential Income
20 E MAIN STREET, Middletown, PA 17057
For Sale
New
$475,000
Located in downtown Middletown, the property contains five residential units.
Property Size5,214 SF
Price / SF$91.10
Days on Market3
Property Features for 20 E MAIN STREET
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams of Central PA
(717) 761-4300
Listed By:
KARA MANNING · License #RS364912
(717) 434-8825
Source:
Cummingsrealtors
Added: Nov 6
Last Checked: Nov 6 at 2:20PM
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 Keller Williams of Central PA
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Investment Insights
Based on property information with market context.
Five residential units are housed at 20 E Main Street in Middletown, Pennsylvania. The property was built in 1900 and is situated in the downtown area.
Key Highlights
- Five residential units
- Built in 1900
- Downtown Middletown address: 20 E Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,474
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,480
$829.5K
Cap Rate 7%
$592,486
$592.5K
Cap Rate 9%
$460,822
$460.8K
Market Conditions
NOI Build-Up for 5,214 SF
Gross rent
$82.0K $15.72/SF
− Vacancy
−$6.6K −$1.26/SF
EGI
$75.4K $14.46/SF
− OpEx
−$33.9K −$6.51/SF
NOI
$41.5K $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%
$829,480
Cap Rate 7%
$592,486
Cap Rate 9%
$460,822
Alternative Uses
Best Use
Apartment 5plus
$592.5K
$518.4K – $691.2K
NOI $41,474 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.60M
$8.40M – $11.20M
NOI $672,215 @ 7.0% cap · market cap 141.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
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Business Placement
Demographics for 17057, PA
23,112
Population
10,513
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
743
Density / Sq Mi
$70,536
Median Household Income
$42,948
Median Earnings
$1,122
Median Rent
$187,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Dauphin County, PA
Properties on Market for Residential income properties in Dauphin County
Frequently Asked Questions
What type of property is this?
Residential income property - Located in downtown Middletown, the property contains five residential units.
Where is this residential income property located?
The property is located at 20 E MAIN STREET Middletown, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Five residential units; Built in 1900; Downtown Middletown address: 20 E Main Street
