Renovated 2-Unit
271 E BALTIMORE STREET, Greencastle, PA 17225
For Sale
New
$509,900
Both residences are vacant, offering immediate flexibility for occupancy or tenant selection without existing leases.
Property Size3,200 SF
Price / SF$159.34
Days on Market6
Property Features for 271 E BALTIMORE STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Samson Properties
(717) 597-0005
Listed By:
Nickole Lee Stull · License #5010619
(717) 217-9441
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 2:51PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with 3 bedrooms and 2 full bathrooms, for a combined 6 bedrooms and 4 bathrooms. The 3,200-square-foot property was built in 1900 and has undergone extensive renovation. Both units are vacant, with no existing leases.
The property is in Greencastle, minutes from Interstate 81 and the Maryland state line. Hagerstown and Chambersburg are among the nearby destinations.
The property is in Greencastle, minutes from Interstate 81 and the Maryland state line. Hagerstown and Chambersburg are among the nearby destinations.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 2 full bathrooms
- 3,200‑square‑foot duplex built in 1900
- Extensively renovated residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,826
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,520
$636.5K
Cap Rate 7%
$454,657
$454.7K
Cap Rate 9%
$353,622
$353.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$49.2K $15.36/SF
− Vacancy
−$3.7K −$1.15/SF
EGI
$45.5K $14.21/SF
− OpEx
−$13.6K −$4.26/SF
NOI
$31.8K $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%
$636,520
Cap Rate 7%
$454,657
Cap Rate 9%
$353,622
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.8K – $530.4K
NOI $31,826 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$410.5K
$359.2K – $479.0K
NOI $28,738 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$775.9K
$678.9K – $905.2K
NOI $54,313 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
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
$266,100
Median Home Value
Market
Average Price Trend$/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 - Both residences are vacant, offering immediate flexibility for occupancy or tenant selection without existing leases.
Where is this duplex located?
The property is located at 271 E BALTIMORE STREET Greencastle, PA.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 2 full bathrooms; 3,200‑square‑foot duplex built in 1900; Extensively renovated residences
