Side-by-Side Duplex with
For Sale
$300,000
254 254-256 E Madison St, Greencastle, PA 17225
Each residence has separate utilities, private patio space, and access to a large backyard.
Property Size2,001 SF
Price / SF$149.93
Days on Market75
Property Features for 254 254-256 E Madison St
General Information
Standard status
Active
Size
2,001 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
RE/MAX Realty Agency, Inc.
Listed By:
Nicole Scott · License #AB068579
(717) 372-4469
Source:
Localrealestateleaders
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 7 at 5:42PM
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 RE/MAX Realty Agency, Inc.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,001 square feet and was built in 1900. The two residences have separate utilities, private patios, and access to a large backyard, providing distinct outdoor areas for occupants. The property has been maintained by the current owner.
Located at 254 254-256 E Madison St in Greencastle, the duplex is within walking distance of downtown amenities, shopping, dining, and community events. Its two-unit configuration and separately metered utilities provide a straightforward residential income property format for an owner-user or portfolio buyer.
Located at 254 254-256 E Madison St in Greencastle, the duplex is within walking distance of downtown amenities, shopping, dining, and community events. Its two-unit configuration and separately metered utilities provide a straightforward residential income property format for an owner-user or portfolio buyer.
Key Highlights
- Side‑by‑side duplex with 2,001 square feet
- Built in 1900
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,901
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,020
$398.0K
Cap Rate 7%
$284,300
$284.3K
Cap Rate 9%
$221,122
$221.1K
Market Conditions
NOI Build-Up for 2,001 SF
Gross rent
$30.7K $15.36/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$28.4K $14.21/SF
− OpEx
−$8.5K −$4.26/SF
NOI
$19.9K $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 Rate 5%
$398,020
Cap Rate 7%
$284,300
Cap Rate 9%
$221,122
Alternative Uses
Best Use
Multifamily LT 5
$284.3K
$248.8K – $331.7K
NOI $19,901 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$256.7K
$224.6K – $299.5K
NOI $17,970 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 17225, PA
20,199
Population
8,132
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
92%
High-School Grad
81.8 sq mi
ZIP Area
247
Density / Sq Mi
$87,245
Median Household Income
$46,317
Median Earnings
$969
Median Rent
$266,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, private patio space, and access to a large backyard.
Where is this duplex located?
The property is located at 254 254-256 E Madison St Greencastle, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,001 square feet; Built in 1900; Separate utilities for each unit
