Renovated Triplex with
For Sale
$310,000
250 E MAIN STREET, Waynesboro, PA 17268
MULTI_FAMILY - Other - WAYNESBORO, PA
Property Size2,268 SF
Lot Size0.25 Acres
Price / SF$136.68
Days on Market95
Property Features for 250 E MAIN STREET
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Off Street, Parking Lot, On Street
Elementary school district
WAYNESBORO AREA
Middle school district
WAYNESBORO AREA
High school district
WAYNESBORO AREA
Standard status
Active
Size
2,268 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
3543
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ductless
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Keystone Realty · Keller Williams Realty
(717) 755-5599
Listed By:
Ashlea M. Brehm · License #RS328041
(301) 712-5656
Added: May 20
Changed: Aug 4
Last Checked: Aug 22 at 5:06PM
MLS# PAFL2034926
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained triplex includes three separate apartments. The upstairs unit features two bedrooms, new flooring, fresh paint, and a deck. The lower-level apartment offers two bedrooms and access to the entire front porch. The third apartment is described as a cozy, efficient unit with a door leading out to the parking lot. The property also includes a brand-new roof, and the seller has added mini splits to each unit. There is a large parking lot available for tenants, supporting straightforward day-to-day access.
Located at 250 E MAIN STREET in Waynesboro, Pennsylvania, the property sits on a 0.25-acre lot and totals 2,268 square feet. It is currently fully rented by long-term tenants, which may appeal to investors and owner-occupants seeking a ready-to-operate residential income property.
For tenants, the mix of interior space and exterior areas—deck, front porch, and parking-lot entry—can support comfortable everyday living. For buyers, the presence of multiple distinct units, along with recent building and unit improvements described in the listing, offers a practical structure for adding to a rental portfolio. The mini splits added to each unit may also be important to prospective buyers evaluating tenant comfort and operational considerations.
Located at 250 E MAIN STREET in Waynesboro, Pennsylvania, the property sits on a 0.25-acre lot and totals 2,268 square feet. It is currently fully rented by long-term tenants, which may appeal to investors and owner-occupants seeking a ready-to-operate residential income property.
For tenants, the mix of interior space and exterior areas—deck, front porch, and parking-lot entry—can support comfortable everyday living. For buyers, the presence of multiple distinct units, along with recent building and unit improvements described in the listing, offers a practical structure for adding to a rental portfolio. The mini splits added to each unit may also be important to prospective buyers evaluating tenant comfort and operational considerations.
Key Highlights
- Brick triplex built in 1900 in Waynesboro; long‑term tenants and fully rented
- Upstairs unit: 2 bedrooms with fully renovated interior plus new flooring and fresh paint, and a deck
- Lower‑level unit offers 2 bedrooms and access to the entire front porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,557
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,140
$451.1K
Cap Rate 7%
$322,243
$322.2K
Cap Rate 9%
$250,633
$250.6K
Market Conditions
NOI Build-Up for 2,268 SF
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.
Gross rent
$34.8K $15.36/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$32.2K $14.21/SF
− OpEx
−$9.7K −$4.26/SF
NOI
$22.6K $9.95/SF
Area
Franklin County, PA
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,140
Cap Rate 7%
$322,243
Cap Rate 9%
$250,633
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$282.0K – $376.0K
NOI $22,557 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$549.9K
$481.2K – $641.6K
NOI $38,494 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with long-term tenants, newly renovated upstairs unit, and multiple exterior living spaces.
Where is this triplex located?
The property is located at 250 E MAIN STREET Waynesboro, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Brick triplex built in 1900 in Waynesboro; long‑term tenants and fully rented; Upstairs unit: 2 bedrooms with fully renovated interior plus new flooring and fresh paint, and a deck; Lower‑level unit offers 2 bedrooms and access to the entire front porch
