Over-Under
For Sale
$169,900
275 S HARRISON AVENUE, Chambersburg, PA 17201
Two-level duplex with separately metered heat and electric and on-street parking.
Property Size1,736 SF
Price / SF$97.87
Days on Market56
Property Features for 275 S HARRISON AVENUE
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Duplex
Building Details
Year Built
1950
Listing Agency:
RE/MAX 1st Advantage
(717) 591-5555
Listed By:
Thomas B Mongold · License #RS216175L
(717) 729-6290
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 2:43PM
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 1st Advantage
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Investment Insights
Based on property information with market context.
This duplex at 275 S Harrison Avenue in Chambersburg, PA, is configured with one residence above the other. The property contains 1,736 square feet and was built in 1950. Heat and electric are separated between the units, supporting distinct utility allocation. Parking is provided on the street.
Key Highlights
- Over‑under duplex configuration
- 1,736 square feet of property size
- Heat and electric are separated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,591
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,820
$311.8K
Cap Rate 7%
$222,729
$222.7K
Cap Rate 9%
$173,233
$173.2K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$30.4K $17.52/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$28.3K $16.33/SF
− OpEx
−$12.8K −$7.35/SF
NOI
$15.6K $8.98/SF
Area
Franklin County, PA
Vacancy
6.80%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,820
Cap Rate 7%
$222,729
Cap Rate 9%
$173,233
Alternative Uses
Best Use
Multifamily LT 5
$246.7K
$215.8K – $287.8K
NOI $17,266 @ 7.0% cap · market cap 10.16%
Second Best
Apartment 5plus
$222.7K
$194.9K – $259.9K
NOI $15,591 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$420.9K
$368.3K – $491.1K
NOI $29,465 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
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Business Placement
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separately metered heat and electric and on-street parking.
Where is this duplex located?
The property is located at 275 S HARRISON AVENUE Chambersburg, PA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Over‑under duplex configuration; 1,736 square feet of property size; Heat and electric are separated
