Multifamily Property with Front
New
For Sale
$279,000
208 S Potomac St, Waynesboro, PA 17268
Multi-unit residential property with outdoor areas near downtown Waynesboro and local shops, restaurants, parks, and community amenities.
Property Size2,735 SF
Price / SF$102.01
Days on Market4
Property Features for 208 S Potomac St
General Information
Standard status
Active
Size
2,735 SF
Property subtype
Multi-Family
Amenities
front porch
backyard
Building Details
Year Built
1900
Listing Agency:
Starr and Associates Realty , LLC
Listed By:
Alexis Paige Weimert · License #RS370930
(814) 569-9701
Source:
Viewmarylandhomesforsale
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 21 at 7:34AM
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 Starr and Associates Realty , LLC
Investment Insights
Based on property information with market context.
This 2,735-square-foot multifamily property at 208 S. Potomac Street dates to 1900 and is arranged as a multi-unit residence. A broad front porch and spacious backyard provide usable exterior areas that complement the building’s residential character.
The property is near downtown Waynesboro, with nearby access to shops, restaurants, parks, and community amenities. Its location in Waynesboro, Pennsylvania, supports consideration for residential occupancy or income-oriented ownership, subject to municipal approvals and buyer due diligence for any proposed use, renovation, conversion, or development.
The property is near downtown Waynesboro, with nearby access to shops, restaurants, parks, and community amenities. Its location in Waynesboro, Pennsylvania, supports consideration for residential occupancy or income-oriented ownership, subject to municipal approvals and buyer due diligence for any proposed use, renovation, conversion, or development.
Key Highlights
- 2,735‑square‑foot multifamily property
- Multi‑unit residential configuration
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,240
$491.2K
Cap Rate 7%
$350,886
$350.9K
Cap Rate 9%
$272,911
$272.9K
Market Conditions
NOI Build-Up for 2,735 SF
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.
Gross rent
$47.9K $17.52/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$44.7K $16.33/SF
− OpEx
−$20.1K −$7.35/SF
NOI
$24.6K $8.98/SF
Area
Franklin County, PA
Vacancy
6.80%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$491,240
Cap Rate 7%
$350,886
Cap Rate 9%
$272,911
Alternative Uses
Best Use
Apartment 5plus
$350.9K
$307.0K – $409.4K
NOI $24,562 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.2K
$580.3K – $773.7K
NOI $46,421 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
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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?
Multifamily property - Multi-unit residential property with outdoor areas near downtown Waynesboro and local shops, restaurants, parks, and community amenities.
Where is this multifamily property located?
The property is located at 208 S Potomac St Waynesboro, 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: 2,735‑square‑foot multifamily property; Multi‑unit residential configuration; Built in 1900
