Stabilized Multifamily With
For Sale
Contact for pricing
228 S West St, Carlisle, PA 17013
Occupied one- and two-bedroom apartments with separate electric, offered as-is with room for select interior and capital improvements.
Property SizeContact for details
Days on Market57
Property Features for 228 S West St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
9
Building Details
Tenancy
Multi
Listing Agency:
Capstone Commercial
(717) 819-2825
Listed By:
Naomi Brown, CCIM · License #PA RM425406
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 4 at 3:07PM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
This for-sale offering includes two nearby multifamily properties with a total of eight residential units. The first building features five one-bedroom units located at 132-136 W. South St, and the second property features three one-bedroom units and one two-bedroom unit at 228 S. West St. All units are currently occupied, and many tenants have been in place for extended periods. The seller notes that most units require some improvements, and some capital expenditures are needed in certain areas. The owner is retiring, and the sale is being offered in as-is condition.
The properties are described as being one block apart from each other, and both locations are served by public utilities. Each unit has its own separate electric service, which can simplify unit-level utilities management for an operator.
For buyers and investors seeking an income-oriented acquisition with manageable utility separation, this package may fit well as a stabilized base with a clear opportunity for targeted upgrades. Because the sale is expressly AS IS and several units need improvement, underwriting and planning for interior and capital work will be important for any new ownership group.
The properties are described as being one block apart from each other, and both locations are served by public utilities. Each unit has its own separate electric service, which can simplify unit-level utilities management for an operator.
For buyers and investors seeking an income-oriented acquisition with manageable utility separation, this package may fit well as a stabilized base with a clear opportunity for targeted upgrades. Because the sale is expressly AS IS and several units need improvement, underwriting and planning for interior and capital work will be important for any new ownership group.
Key Highlights
- Multi‑unit property with 8 occupied apartments: (5) 1BR at 132–136 W. South St and (3) 1BR plus (1) 2BR at 228 S. West St
- Many units have long‑term tenants; owner reports retiring, and the units are currently occupied
- All units have separate electric
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Occupied one- and two-bedroom apartments with separate electric, offered as-is with room for select interior and capital improvements.
Where is this apartment building located?
The property is located at 228 S West St Carlisle, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Multi‑unit property with 8 occupied apartments: (5) 1BR at 132–136 W. South St and (3) 1BR plus (1) 2BR at 228 S. West St; Many units have long‑term tenants; owner reports retiring, and the units are currently occupied; All units have separate electric
