Victorian Triplex with Front
New
For Sale
$279,000
208 S POTOMAC Street, Waynesboro, PA 17268
Multi-Family, WAYNESBORO, PA
Property Size2,735 SF
Lot Size0.16 Acres
Price / SF$102.01
Days on Market2
Property Features for 208 S POTOMAC Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
3
Parking features
Driveway, On Street
Interior features
Ceiling Fan(s), Stain/Lead Glass
Elementary school district
WAYNESBORO AREA
Middle school district
WAYNESBORO AREA
High school district
WAYNESBORO AREA
Standard status
Active
Size
2,735 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3426
Utilities
Heating system
Baseboard, Forced Air, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Starr and Associates Realty , LLC
(814) 644-1001
Listed By:
Alexis Paige Weimert · License #RS370930
(814) 569-9701
Added: Sep 18
Last Checked: Sep 19 at 6:06AM
MLS# PAFL2037676
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.
Built in 1900, this Victorian triplex at 208 S. Potomac Street provides 2,735 square feet on a 0.16-acre parcel. The brick structure includes a large front porch, spacious backyard, basement, and multi-unit configuration. Interior features include ceiling fans and stained/lead glass, with baseboard and forced-air electric heating plus window-unit cooling.
The property is in Waynesboro, Pennsylvania, with access to downtown shops, restaurants, parks, and community amenities. Parking includes a driveway and on-street options. Any proposed use, renovation, conversion, or development remains subject to municipal approvals and buyer due diligence.
The property is in Waynesboro, Pennsylvania, with access to downtown shops, restaurants, parks, and community amenities. Parking includes a driveway and on-street options. Any proposed use, renovation, conversion, or development remains subject to municipal approvals and buyer due diligence.
Key Highlights
- Triplex with 2,735 square feet of property size
- 0.16‑acre parcel at 208 S. Potomac Street
- 1900 Victorian building with brick construction
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
Multifamily LT 5
$388.6K
$340.0K – $453.4K
NOI $27,201 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$350.9K
$307.0K – $409.4K
NOI $24,562 @ 7.0% cap · market cap 8.80%
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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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
655
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
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?
Triplex - Brick multi-unit property with a backyard, basement, and access to downtown Waynesboro amenities.
Where is this triplex located?
The property is located at 208 S POTOMAC Street 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: Triplex with 2,735 square feet of property size; 0.16‑acre parcel at 208 S. Potomac Street; 1900 Victorian building with brick construction
