Duplex with Detached
For Sale
$274,900
Pending
221 W COOVER STREET, Mechanicsburg, PA 17055
One residence is vacant, and the detached garage is rented separately.
Property Size2,037 SF
Days on Market14
Property Features for 221 W COOVER STREET
General Information
Standard status
Pending
Size
2,037 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
front porch
detached double-bay garage
off-street parking
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(717) 761-4800
Listed By:
JASON PETRONIS
(717) 514-2085
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 8:29PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This two-unit duplex at 221 W. Coover Street in Mechanicsburg contains 2,037 square feet and dates to 1900. Each residence has two bedrooms, one bathroom, a living area, a front porch, and recent updates. One unit is vacant. A detached double-bay garage is rented separately, and the property also has off-street parking.
The property is located in Mechanicsburg, with access to downtown amenities and walkable neighborhood streets.
The property is located in Mechanicsburg, with access to downtown amenities and walkable neighborhood streets.
Key Highlights
- Two‑unit duplex with 2,037 square feet
- Each unit has two bedrooms and one bathroom
- One unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,381
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,620
$387.6K
Cap Rate 7%
$276,871
$276.9K
Cap Rate 9%
$215,344
$215.3K
Market Conditions
NOI Build-Up for 2,037 SF
Gross rent
$29.3K $14.40/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$27.7K $13.59/SF
− OpEx
−$8.3K −$4.08/SF
NOI
$19.4K $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%
$387,620
Cap Rate 7%
$276,871
Cap Rate 9%
$215,344
Alternative Uses
Best Use
Multifamily LT 5
$276.9K
$242.3K – $323.0K
NOI $19,381 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,205 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$473.2K
$414.0K – $552.1K
NOI $33,123 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 17055, PA
40,353
Population
18,994
Households
2.1
Avg Household Size
42
Median Age
47%
College-Educated
97%
High-School Grad
39.2 sq mi
ZIP Area
1,029
Density / Sq Mi
$95,542
Median Household Income
$55,923
Median Earnings
$1,320
Median Rent
$266,400
Median Home Value
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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?
Duplex - One residence is vacant, and the detached garage is rented separately.
Where is this duplex located?
The property is located at 221 W COOVER STREET Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,037 square feet; Each unit has two bedrooms and one bathroom; One unit is vacant
