Duplex with Separate
New
For Sale
$350,000
286 WALTON Street, Lemoyne, PA 17043
MULTI_FAMILY - Other - LEMOYNE, PA
Property Size2,312 SF
Lot Size0.11 Acres
Price / SF$151.38
Days on Market5
Property Features for 286 WALTON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Driveway, On Street, Off Street
Interior features
Attic, Pantry, Ceiling Fan(s), Wood Floors
Appliances
Oven/Range - Electric, Refrigerator
High school
CEDAR CLIFF
Elementary school district
WEST SHORE
Middle school district
WEST SHORE
High school district
WEST SHORE
Standard status
Active
Size
2,312 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4730
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Amenities
hardwood floors
ceramic tile flooring
screened porch/deck
private entrances
laundry area
storage
walk-up attic
replacement windows
private parking area
separate water heaters
Building Details
Year built
1930
Number of units
2
Building materials
Frame, Brick
Architectural style
Other
Listing Agency:
RE/MAX 1st Advantage · RE/MAX International
(717) 591-5555
Listed By:
TOM CHELEDNIK · License #AB068899
(717) 574-3988
Added: Aug 4
Changed: Aug 6
Last Checked: Aug 8 at 10:06PM
MLS# PACB2056938
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.
Investment Insights
Based on property information with market context.
This 1930 duplex in Lemoyne contains 2,312 square feet across two residential units, with each unit offering approximately 1,200 square feet and two bedrooms. Interior details include hardwood and ceramic tile flooring, private entrances, separate water heaters, and individual laundry arrangements. The first-floor residence connects to the basement, while the upper unit has walk-up attic access. Both units include refrigerators and electric ranges, and the sale also includes four window AC units. Additional conveyed appliances include the first-floor washer and dryer and the second-floor dryer.
The 0.11-acre property at 286 Walton Street includes a private parking area, driveway, on-street and off-street parking, replacement windows, and an 8' x 15' screened porch or deck facing the backyard. Utility service is separately configured for the two units, with a third electric service serving the landlord meter. The property is heated by electric baseboard systems and cooled with wall units.
The 0.11-acre property at 286 Walton Street includes a private parking area, driveway, on-street and off-street parking, replacement windows, and an 8' x 15' screened porch or deck facing the backyard. Utility service is separately configured for the two units, with a third electric service serving the landlord meter. The property is heated by electric baseboard systems and cooled with wall units.
Key Highlights
- 2,312‑square‑foot duplex on a 0.11‑acre lot
- Each unit provides approximately 1,200 square feet and 2 bedrooms
- 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 residential units offer private access, individual laundry areas, storage, and a screened outdoor space overlooking the backyard.
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: 2,312‑square‑foot duplex on a 0.11‑acre lot; Each unit provides approximately 1,200 square feet and 2 bedrooms; Three electric services: Unit 1, Unit 2, and landlord meter
