254-256 E MADISON Street, Greencastle, PA 17225
MULTI_FAMILY - Colonial - GREENCASTLE, PA
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 254-256 E MADISON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,001 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1866
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Colonial
Listing agent Nicole Scott License #AB068579 (717) 372-4469
Listing office RE/MAX Realty Agency, Inc. 1132 Kennebec Drive, Chambersburg, PA (717) 267-0011
Listing date Jun 19, 2026
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.
HighLights
- Side‑by‑side duplex with separate utilities for each unit
- Colonial‑style home built in 1900
- Vinyl siding exterior
- Forced air heating with window unit(s) cooling
- On‑street parking
- Large backyard with private patios
Overview
Located at 254-256 E Madison Street in Greencastle, Pennsylvania, the home is positioned in the downtown area. The public remarks note it is within walking distance to downtown amenities, shopping, dining, and community events. The lot size is listed at 0.14 acres, and the overall property size is listed as 2,001 square feet.
For tenants and operators, the duplex format supports independent living arrangements within a single asset, aided by the separate utilities feature. The private patios and shared backyard layout add practical day-to-day usability beyond interior space. As a residential income property, it may fit buyers seeking a manageable two-unit ownership structure while maintaining an emphasis on upkeep and tenant-ready outdoor amenities.
Local 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 | $30.7k | $15.36 |
| − Vacancy | −$2.3k | −$1.15 |
| EGI | $28.4k | $14.21 |
| − OpEx | −$8.5k | −$4.26 |
| NOI | $19.9k | $9.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Greencastle
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.72146656
- Latitude
- 39.79043879
