Residential Income Property with Detached
New
For Sale
$215,900
236 E Orange St, Shippensburg, PA 17257
The 1910 property includes unfinished interior space and a detached garage.
Property Size2,128 SF
Price / SF$101.46
Days on Market5
Property Features for 236 E Orange St
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Janie Gettel-Magee
(717) 307-1926
Source:
Viewmarylandhomesforsale
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 10:38AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This residential income property dates to 1910 and contains 2,128 square feet. The interior is unfinished, and the exterior features a detached garage along with on-street parking. Its traditional design and residential zoning are additional established property details.
Key Highlights
- 2,128‑square‑foot residential income property
- Built in 1910
- Detached garage and on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,974
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,480
$359.5K
Cap Rate 7%
$256,771
$256.8K
Cap Rate 9%
$199,711
$199.7K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$34.7K $16.32/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$32.7K $15.36/SF
− OpEx
−$14.7K −$6.91/SF
NOI
$18.0K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,480
Cap Rate 7%
$256,771
Cap Rate 9%
$199,711
Alternative Uses
Best Use
Apartment 5plus
$256.8K
$224.7K – $299.6K
NOI $17,974 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.3K
$432.5K – $576.7K
NOI $34,602 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 17257, PA
28,673
Population
11,528
Households
2.5
Avg Household Size
34
Median Age
23%
College-Educated
88%
High-School Grad
115.2 sq mi
ZIP Area
249
Density / Sq Mi
$71,504
Median Household Income
$37,061
Median Earnings
$1,058
Median Rent
$219,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1910 property includes unfinished interior space and a detached garage.
Where is this residential income property located?
The property is located at 236 E Orange St Shippensburg, PA.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: 2,128‑square‑foot residential income property; Built in 1910; Detached garage and on‑street parking
