Side-by-Side
254-256 E MADISON Street, Greencastle, PA 17225
For Sale
$280,000
Multi-Family, GREENCASTLE, PA
Property Size2,001 SF
Lot Size0.14 Acres
Price / SF$139.93
Days on Market145
Property Features for 254-256 E MADISON Street
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
large backyard with private patios
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
RE/MAX Realty Agency, Inc. · RE/MAX International
(717) 267-0011
Listed By:
Nicole Scott · License PA AB068579
(717) 372-4469
Added: Jun 19
Changed: Oct 9
Last Checked: Nov 10 at 9:06PM
MLS# PAFL2035556
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.
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Investment Insights
Based on property information with market context.
This Colonial duplex contains two side-by-side residences with separate utilities and private patios. The property has 2,001 square feet of building area on a 0.14-acre lot and dates to 1900. Vinyl siding, forced-air heating, window-unit cooling, and a basement are among its features; parking is on the street.
Downtown Greencastle amenities, including shopping, dining, and community events, are within walking distance. The layout provides two distinct residential units, each with its own outdoor patio and utility service.
Downtown Greencastle amenities, including shopping, dining, and community events, are within walking distance. The layout provides two distinct residential units, each with its own outdoor patio and utility service.
Key Highlights
- Side‑by‑side duplex with two separate residences
- Each residence has separate utilities and a private patio
- 2,001 square feet of building area on a 0.14‑acre lot
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
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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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
$266,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Franklin County, PA
Properties on Market for Duplexes in Franklin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utility service and a private patio.
Where is this duplex located?
The property is located at 254-256 E MADISON Street 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: Side‑by‑side duplex with two separate residences; Each residence has separate utilities and a private patio; 2,001 square feet of building area on a 0.14‑acre lot
