Updated Two-Unit
New
For Sale
$219,900
218 WITHERSPOON AVENUE, Middletown, PA 17057
Both residences are vacant, allowing the next owner to select occupants for each unit.
Property Size1,487 SF
Price / SF$147.88
Days on Market5
Property Features for 218 WITHERSPOON AVENUE
General Information
Standard status
Active
Size
1,487 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Keller Williams of Central PA
(717) 761-4300
Listed By:
KARA MANNING · License #RS364912
(717) 434-8825
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 5 at 2:39AM
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.
This residential duplex contains two units within 1,487 square feet. Built in 1900, the property has received interior updates that include fresh paint and replacement flooring. Both residences are currently vacant.
Located at 218 Witherspoon Avenue in Middletown, Pennsylvania, the building offers a two-unit configuration.
Located at 218 Witherspoon Avenue in Middletown, Pennsylvania, the building offers a two-unit configuration.
Key Highlights
- Two‑unit residential duplex
- Both units are vacant
- 1,487 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,273
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,460
$265.5K
Cap Rate 7%
$189,614
$189.6K
Cap Rate 9%
$147,478
$147.5K
Market Conditions
NOI Build-Up for 1,487 SF
Gross rent
$20.5K $13.80/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$19.0K $12.75/SF
− OpEx
−$5.7K −$3.83/SF
NOI
$13.3K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,460
Cap Rate 7%
$189,614
Cap Rate 9%
$147,478
Alternative Uses
Best Use
Multifamily LT 5
$189.6K
$165.9K – $221.2K
NOI $13,273 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$169.0K
$147.9K – $197.1K
NOI $11,828 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $191,711 @ 7.0% cap · market cap 87.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, allowing the next owner to select occupants for each unit.
Where is this duplex located?
The property is located at 218 WITHERSPOON AVENUE Middletown, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑unit residential duplex; Both units are vacant; 1,487 square feet
