Well-Maintained Duplex with Screened
For Sale
$350,000
286 WALTON STREET, Lemoyne, PA 17043
Two separately entered units include private laundry, storage, parking, and individual utility features for flexible ownership or rental use.
Property Size2,312 SF
Price / SF$151.38
Days on Market13
Property Features for 286 WALTON STREET
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
private entrances
screened porch/deck
private parking area
laundry area
walk-up attic
Building Details
Year Built
1930
Listing Agency:
RE/MAX 1st Advantage
(717) 574-3988
Listed By:
TOM CHELEDNIK · License #AB068899
(717) 574-3988
Source:
Cummingsrealtors
Added: Jul 31
Changed: Aug 11
Last Checked: Aug 12 at 6:49AM
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
Investment Insights
Based on property information with market context.
This two-unit residential income property contains 2,312 square feet and was built in 1930. Each unit has a private entrance, hardwood and ceramic tile flooring, a screened porch or deck measuring 8' x 15', and access to additional storage. The first-floor residence connects to a private basement laundry area, while the upper unit has walk-up attic storage and its own basement laundry area.
The property includes three electric services covering the two units and the landlord meter, along with separate water heaters for each residence. Replacement windows, a private parking area, and appliances are included: refrigerators and ranges in both units, four window AC units, the washer and dryer in Unit 1, and the dryer in Unit 2. Tenants pay their individual electric usage, while the landlord pays water, sewer, trash, and electricity for the common house meter. Located at 286 Walton Street in Lemoyne, Pennsylvania.
The property includes three electric services covering the two units and the landlord meter, along with separate water heaters for each residence. Replacement windows, a private parking area, and appliances are included: refrigerators and ranges in both units, four window AC units, the washer and dryer in Unit 1, and the dryer in Unit 2. Tenants pay their individual electric usage, while the landlord pays water, sewer, trash, and electricity for the common house meter. Located at 286 Walton Street in Lemoyne, Pennsylvania.
Key Highlights
- Duplex with 2,312 square feet and 1930 construction
- Each unit has a private entrance and an 8' x 15' screened porch or deck
- Three electric services: Unit 1, Unit 2, and landlord meter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,960
$440.0K
Cap Rate 7%
$314,257
$314.3K
Cap Rate 9%
$244,422
$244.4K
Market Conditions
NOI Build-Up for 2,312 SF
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.
Gross rent
$33.3K $14.40/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$31.4K $13.59/SF
− OpEx
−$9.4K −$4.08/SF
NOI
$22.0K $9.51/SF
Area
Cumberland County, PA
Vacancy
5.61%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,960
Cap Rate 7%
$314,257
Cap Rate 9%
$244,422
Alternative Uses
Best Use
Multifamily LT 5
$314.3K
$275.0K – $366.6K
NOI $21,998 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,528 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$537.1K
$469.9K – $626.6K
NOI $37,594 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units include private laundry, storage, parking, and individual utility features for flexible ownership or rental use.
Where is this duplex located?
The property is located at 286 WALTON STREET Lemoyne, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with 2,312 square feet and 1930 construction; Each unit has a private entrance and an 8' x 15' screened porch or deck; Three electric services: Unit 1, Unit 2, and landlord meter
