Side-by-Side Duplex with Private
254-256 East Madison Street Greencastle, PA 17225
254-256 East Madison Street, Greencastle, PA, 17225
$325,000
For Sale
$325,000
Side-by-side duplex with separate utilities, plus a large backyard and private patios for each unit.
Property Size2,001 SF
Price / SF$162.42
Days on Market44
Property Features for 254-256 East Madison Street
General Information
- Standard status
- Active
- Size
- 2,001 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Realty Agency, Inc.
(717) 372-4469
Listed by
Nicole Scott · License #AB068579
(717) 372-4469
Source
Compass
Added: Jun 10 Updated: Jul 21 at 8:25AM Checked: Jul 22 at 10:50AM
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 at 254–256 East Madison Street offers two units with separate utilities. The property is described as well-maintained, and it includes outdoor space with a large backyard and private patios for tenants.
The location is characterized as downtown Greencastle, within walking distance to downtown amenities, shopping, dining, and community events.
From a configuration standpoint, the duplex layout and separate utilities are key features for managing expenses while maintaining unit independence.
The location is characterized as downtown Greencastle, within walking distance to downtown amenities, shopping, dining, and community events.
From a configuration standpoint, the duplex layout and separate utilities are key features for managing expenses while maintaining unit independence.
Key Highlights
- Side‑by‑side duplex in Greencastle Boro (MLS Area 14508), located in downtown Greencastle.
- Each unit has separate utilities, helping keep owner expenses low.
- Large backyard with private patios for each unit.
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 |
2,001 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.3K
$248.8K – $331.7K
NOI $19,901 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$256.7K
$224.6K – $299.5K
NOI $17,970 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$485.2K
$424.5K – $566.1K
NOI $33,963 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with separate utilities, plus a large backyard and private patios for each unit.
Where is this duplex located?
The property is located at 254-256 East Madison Street Greencastle, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Side‑by‑side duplex in Greencastle Boro (MLS Area 14508), located in downtown Greencastle.; Each unit has separate utilities, helping keep owner expenses low.; Large backyard with private patios for each unit.
