Over-Under Duplex with
244 W MAIN STREET Waynesboro, PA 17268
For Sale
$309,900
Two 2-bedroom units sit above one another, with central air, a fenced rear yard, and a detached two-car garage.
Property Size2,512 SF
Price / SF$123.37
Days on Market8
Property Features for 244 W MAIN STREET
General Information
Standard status
Active
Size
2,512 SF
Property subtype
Duplex
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(717) 752-4340
Listed By:
Kimberly M Mills · License #AB068344
(717) 752-4340
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 6:05AM
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 over-under duplex offers two separate, well-maintained units, each with two bedrooms, a kitchen, dining room, living room, and a full bath. Updates over the past few years include refreshed cabinetry, select flooring, updated lighting, and ceiling fans. Kitchen and laundry appliances convey in both units, supporting a turnkey ownership experience. The main-level unit is occupied by the owner, while the upper unit is tenant-occupied. A fenced and secure rear yard provides additional outdoor space, and a detached two-car block garage with automatic openers on both sides adds storage and parking flexibility.
The property includes off-street and on-street parking, with on-street parking permitted. HVAC is split by unit: the main-level unit has gas heat and central AC, while the upper unit has an electric heat pump and central AC. An unfinished basement is accessible from the main level or an exterior entry, offering extra storage and a small workshop area. The walk-up attic is reserved for secure storage and is accessed from the common hallway. The building is being sold as-is, with inspection for buyers information.
The property includes off-street and on-street parking, with on-street parking permitted. HVAC is split by unit: the main-level unit has gas heat and central AC, while the upper unit has an electric heat pump and central AC. An unfinished basement is accessible from the main level or an exterior entry, offering extra storage and a small workshop area. The walk-up attic is reserved for secure storage and is accessed from the common hallway. The building is being sold as-is, with inspection for buyers information.
Key Highlights
- Over/under duplex built in 1900 with two 2‑bedroom units above one another
- Each unit has central AC and includes kitchen, dining room, living room, and a full bath
- Main‑level unit has gas heat and central AC; upper unit has an electric heat pump and central AC
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $15.36 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $35.7k | $14.21 |
| − OpEx | −$10.7k | −$4.26 |
| NOI | $25.0k | $9.95 |
2,512 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.9K
$312.3K – $416.4K
NOI $24,983 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,560 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$609.1K
$533.0K – $710.6K
NOI $42,636 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom units sit above one another, with central air, a fenced rear yard, and a detached two-car garage.
Where is this duplex located?
The property is located at 244 W MAIN STREET Waynesboro, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Over/under duplex built in 1900 with two 2‑bedroom units above one another; Each unit has central AC and includes kitchen, dining room, living room, and a full bath; Main‑level unit has gas heat and central AC; upper unit has an electric heat pump and central AC
