Side-by-Side
For Sale
$280,000
254-256 E MADISON ST, Greencastle, PA 17225
Two residential units feature separate utilities, private patios, and access to a shared backyard.
Property Size2,001 SF
Price / SF$139.93
Days on Market47
Property Features for 254-256 E MADISON ST
General Information
Standard status
Active
Size
2,001 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
large backyard with private patios
Listing Agency:
RE/MAX Realty Agency, Inc.
(717) 267-0011
Listed By:
Nicole Scott · License #AB068579
(717) 372-4469
Source:
Sandrasellstheshore
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 19 at 6:25AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,001-square-foot duplex is configured as two side-by-side residential units, each with separate utilities and a private patio. The property also includes a large backyard that adds outdoor space for occupants. Current ownership has maintained the building well.
Located at 254-256 E Madison St in Greencastle, the property is within walking distance of downtown amenities, shopping, dining, and community events. Its two-unit layout and separate utility setup provide a straightforward configuration for residential income use.
Located at 254-256 E Madison St in Greencastle, the property is within walking distance of downtown amenities, shopping, dining, and community events. Its two-unit layout and separate utility setup provide a straightforward configuration for residential income use.
Key Highlights
- Two‑unit side‑by‑side duplex configuration
- 2,001 square feet of property size
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,901
Cap Rate
7.11%
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 7.11%
Second Best
Apartment 5plus
$256.7K
$224.6K – $299.5K
NOI $17,970 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities, private patios, and access to a shared backyard.
Where is this duplex located?
The property is located at 254-256 E MADISON ST Greencastle, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex configuration; 2,001 square feet of property size; Separate utilities for each unit
