Updated Two-Unit
For Sale
$249,900
Pending
221 7TH Street, New Cumberland, PA 17070
Two-story duplex with remodeled first-floor living space and updated exterior systems.
Property Size1,792 SF
Days on Market51
Property Features for 221 7TH Street
General Information
Standard status
Pending
Size
1,792 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
porch
off-street parking
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Iron Valley Real Estate of Central PA
Listed By:
Stephen Johansen · License #3232425
(717) 557-7222
Source:
Yorkhomes
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 3 at 3:33AM
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 Iron Valley Real Estate of Central PA
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Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex, built in 1900, contains two apartments with distinct living areas. The first-floor unit has been remodeled with new flooring, an updated kitchen and bath, and fresh paint. The upper apartment is a 2/3-bedroom layout with additional updates. Both units feature full bathrooms, and the property includes off-street parking, a front porch, vinyl siding, and replacement windows.
Major improvements include a new roof installed in 2025, a rebuilt front porch and posts, updated electrical and plumbing systems, and high-efficiency gas cooking equipment. The upstairs apartment is occupied by a long-term tenant under a current lease. Tenants pay their own electric and heat, while the landlord covers water, sewer, and trash.
Major improvements include a new roof installed in 2025, a rebuilt front porch and posts, updated electrical and plumbing systems, and high-efficiency gas cooking equipment. The upstairs apartment is occupied by a long-term tenant under a current lease. Tenants pay their own electric and heat, while the landlord covers water, sewer, and trash.
Key Highlights
- 1,792‑square‑foot duplex with two apartments
- New roof installed in 2025
- First‑floor apartment remodeled with new flooring, kitchen, bath, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,050
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,000
$341.0K
Cap Rate 7%
$243,571
$243.6K
Cap Rate 9%
$189,444
$189.4K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$25.8K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$24.4K $13.59/SF
− OpEx
−$7.3K −$4.08/SF
NOI
$17.1K $9.51/SF
Area
Cumberland County, PA
Vacancy
5.61%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,000
Cap Rate 7%
$243,571
Cap Rate 9%
$189,444
Alternative Uses
Best Use
Multifamily LT 5
$243.6K
$213.1K – $284.2K
NOI $17,050 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,136 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with remodeled first-floor living space and updated exterior systems.
Where is this duplex located?
The property is located at 221 7TH Street New Cumberland, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,792‑square‑foot duplex with two apartments; New roof installed in 2025; First‑floor apartment remodeled with new flooring, kitchen, bath, and paint
