Triplex with Detached
24 S MAIN STREET, Shrewsbury, PA 17361
For Sale
$475,000
Four residential spaces offer varied layouts, individual laundry, and updated mini-split systems.
Property Size4,014 SF
Price / SF$118.34
Days on Market36
Property Features for 24 S MAIN STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
shared backyard
Building Details
Building Size
Year Built
Listing Agency:
Hawkstone Real Estate LLC
Listed By:
Julianne Poindexter · License #RSR007172
(816) 726-4580
Source:
Cornerstoneagencymd
Added: Oct 4
Changed: Nov 7
Last Checked: Nov 7 at 5:00PM
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 Hawkstone Real Estate LLC
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Investment Insights
Based on property information with market context.
This 4,014-square-foot property includes three residential units and a detached studio apartment. The main units comprise a one-bedroom layout with one full and one half bath; a two-bedroom layout with one full and one half bath plus an office; and a one-bedroom unit with a full bath. The studio has a bedroom, kitchenette, and full bath. Two detached garage spaces and a shared backyard are also on the property. Built in 1800, the building retains original hardwood in some areas, alongside select LVP flooring and updated bathrooms. Improvements include mini-split systems, lighting, paint, shutters, and exterior work. Each unit has its own washer and dryer.
The property is on S Main Street in Shrewsbury, with access to I-83. Walmart and Saubel’s are nearby, and The Village Coffee & Ice Cream is four doors away. York, Pennsylvania, and Hunt Valley, Maryland, are each described as about 20 minutes away in opposite directions.
The property is on S Main Street in Shrewsbury, with access to I-83. Walmart and Saubel’s are nearby, and The Village Coffee & Ice Cream is four doors away. York, Pennsylvania, and Hunt Valley, Maryland, are each described as about 20 minutes away in opposite directions.
Key Highlights
- Three residential units plus a detached studio apartment
- 4,014 square feet; built in 1800
- Unit layouts include one- and two‑bedroom configurations, with an office in the two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,829
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,580
$796.6K
Cap Rate 7%
$568,986
$569.0K
Cap Rate 9%
$442,544
$442.5K
Market Conditions
NOI Build-Up for 4,014 SF
Gross rent
$60.2K $15.00/SF
− Vacancy
−$3.3K −$0.83/SF
EGI
$56.9K $14.17/SF
− OpEx
−$17.1K −$4.25/SF
NOI
$39.8K $9.92/SF
Area
York County, PA
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,580
Cap Rate 7%
$568,986
Cap Rate 9%
$442,544
Alternative Uses
Best Use
Multifamily LT 5
$569.0K
$497.9K – $663.8K
NOI $39,829 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$528.5K
$462.5K – $616.6K
NOI $36,997 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,354 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 17361, PA
5,961
Population
2,690
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
1,987
Density / Sq Mi
$100,368
Median Household Income
$58,514
Median Earnings
$1,121
Median Rent
$292,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Four residential spaces offer varied layouts, individual laundry, and updated mini-split systems.
Where is this triplex located?
The property is located at 24 S MAIN STREET Shrewsbury, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three residential units plus a detached studio apartment; 4,014 square feet; built in 1800; Unit layouts include one- and two‑bedroom configurations, with an office in the two‑bedroom unit
