Four-Bedroom-Per-Side
215 215-217 Cleveland Ave, Waynesboro, PA 17268
For Sale
$299,000
Both residences include equipped kitchens, central A/C, and main-floor laundry hookups, with leases currently in place.
Property Size2,408 SF
Price / SF$124.17
Days on Market48
Property Features for 215 215-217 Cleveland Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Amenities
central air conditioning
shared backyard
wrap-around front porch
Building Details
Year Built
Tenancy
Listing Agency:
Antietam Realty
Listed By:
Jo Anna Schneider · License PA #144927
(717) 762-0980
Source:
Localrealestateleaders
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 1:23PM
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 Antietam Realty
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Investment Insights
Based on property information with market context.
This 2,408-square-foot duplex, built in 1900, contains two residences with matching layouts. Each side has an equipped kitchen, a living room, one bedroom on the main floor, and three bedrooms upstairs, along with a full bathroom and central A/C with heat-pump heating. Main-floor laundry hookups serve each unit.
The property includes a shared backyard, a wrap-around front porch, and one garage with additional storage. Each residence has two parking spaces. Leases are in place; showings require 24 hours’ notice and are limited to qualified buyers.
The property includes a shared backyard, a wrap-around front porch, and one garage with additional storage. Each residence has two parking spaces. Leases are in place; showings require 24 hours’ notice and are limited to qualified buyers.
Key Highlights
- Two residences, each with four bedrooms and a full bathroom
- 2,408 square feet; built in 1900
- Equipped kitchen and main‑floor laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,949
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,980
$479.0K
Cap Rate 7%
$342,129
$342.1K
Cap Rate 9%
$266,100
$266.1K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$37.0K $15.36/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$34.2K $14.21/SF
− OpEx
−$10.3K −$4.26/SF
NOI
$23.9K $9.95/SF
Area
Franklin County, PA
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,980
Cap Rate 7%
$342,129
Cap Rate 9%
$266,100
Alternative Uses
Best Use
Multifamily LT 5
$342.1K
$299.4K – $399.2K
NOI $23,949 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,626 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$583.9K
$510.9K – $681.2K
NOI $40,871 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
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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
$225,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Franklin County, PA
Properties on Market for Duplexes in Franklin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include equipped kitchens, central A/C, and main-floor laundry hookups, with leases currently in place.
Where is this duplex located?
The property is located at 215 215-217 Cleveland Ave Waynesboro, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two residences, each with four bedrooms and a full bathroom; 2,408 square feet; built in 1900; Equipped kitchen and main‑floor laundry hookups in each unit
