Six-Unit Mixed-Use
For Sale
$550,000
Pending
216-224 4th St, New Cumberland, PA 17070
Combines occupied residential space with commercial units in downtown New Cumberland.
Property Size3,200 SF
Days on Market54
Property Features for 216-224 4th St
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
ADP Realty & Property Management LLC
Listed By:
Aaron Piscioneri · License #RM425757
(717) 737-2121
Source:
Viewmarylandhomesforsale
Added: Aug 25
Changed: Oct 1
Last Checked: Oct 16 at 9:34AM
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 ADP Realty & Property Management LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 3,200-square-foot mixed-use property contains six units across residential and commercial space. Four residential units are occupied by tenants, while two units are used commercially, creating a combination of residential and business occupancy within one building.
The property is located at 216-224 4th St in downtown New Cumberland, Pennsylvania. Its setting within the downtown area provides access to the surrounding commercial district and places the building within a revitalized portion of the community. The existing configuration offers a straightforward mixed-use layout for an owner or investor seeking both residential and commercial components.
The property is located at 216-224 4th St in downtown New Cumberland, Pennsylvania. Its setting within the downtown area provides access to the surrounding commercial district and places the building within a revitalized portion of the community. The existing configuration offers a straightforward mixed-use layout for an owner or investor seeking both residential and commercial components.
Key Highlights
- Six total units: four residential and two commercial
- 3,200 square feet of mixed‑use property
- Four residential units currently occupied by tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,804
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
$616.1K
Cap Rate 7%
$440,057
$440.1K
Cap Rate 9%
$342,267
$342.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$46.1K $14.40/SF
− Vacancy
−$2.1K −$0.65/SF
EGI
$44.0K $13.75/SF
− OpEx
−$13.2K −$4.13/SF
NOI
$30.8K $9.63/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
Cap Rate 7%
$440,057
Cap Rate 9%
$342,267
Alternative Uses
Best Use
Retail
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 5.60%
Second Best
Mixed Use
$428.1K
$374.6K – $499.5K
NOI $29,970 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,034 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines occupied residential space with commercial units in downtown New Cumberland.
Where is this mixed-use property located?
The property is located at 216-224 4th St New Cumberland, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six total units: four residential and two commercial; 3,200 square feet of mixed‑use property; Four residential units currently occupied by tenants
