Renovated Three-Unit
New
For Sale
$999,717
299 Level Road, Hummelstown, PA 17036
Cape Cod-style residence with versatile lower-level space, attached parking, and outdoor amenities in Lower Dauphin School District.
Property Size4,121 SF
Price / SF$242.59
Days on Market2
Property Features for 299 Level Road
General Information
Standard status
Active
Size
4,121 SF
Property subtype
Multi-Family
Building Details
Year Built
1959
Listing Agency:
J. H. Troup, REALTOR
Listed By:
Amy Horst · License #3319740
(717) 713-0069
Source:
Yorkhomes
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 5:08AM
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 J. H. Troup, REALTOR
Investment Insights
Based on property information with market context.
Built in 1959, this Cape Cod-style residence is arranged as three separate rental units and underwent a major renovation during 2025-2026. The partially finished basement adds flexible space, with both walkout access and entry from the garage. An attached side-entry garage accommodates up to three vehicles.
Outdoor features include a gazebo and three remodeled sheds, providing gathering space and additional storage. Unit 3 is currently furnished for mid-term rental use and is expected to be vacant at closing. The property is located within the Lower Dauphin School District.
Outdoor features include a gazebo and three remodeled sheds, providing gathering space and additional storage. Unit 3 is currently furnished for mid-term rental use and is expected to be vacant at closing. The property is located within the Lower Dauphin School District.
Key Highlights
- Three separate rental units in a renovated Cape Cod‑style residence
- Major renovation completed during 2025‑2026
- Partially finished basement with walkout access and garage entry
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
$36,783
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
3.68%
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%
$735,660
$735.7K
Cap Rate 7%
$525,471
$525.5K
Cap Rate 9%
$408,700
$408.7K
Market Conditions
NOI Build-Up for 4,121 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
$56.9K $13.80/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$52.5K $12.75/SF
− OpEx
−$15.8K −$3.83/SF
NOI
$36.8K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /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%
$735,660
Cap Rate 7%
$525,471
Cap Rate 9%
$408,700
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,783 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.3K
NOI $32,780 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$7.59M
$6.64M – $8.86M
NOI $531,300 @ 7.0% cap · market cap 53.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 17036, PA
24,146
Population
9,812
Households
2.5
Avg Household Size
41
Median Age
60%
College-Educated
97%
High-School Grad
28.1 sq mi
ZIP Area
859
Density / Sq Mi
$105,043
Median Household Income
$60,004
Median Earnings
$1,362
Median Rent
$316,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Cape Cod-style residence with versatile lower-level space, attached parking, and outdoor amenities in Lower Dauphin School District.
Where is this triplex located?
The property is located at 299 Level Road Hummelstown, PA.
What is the asking price?
The asking price for this property is $999,717.
What are key features of this property?
This property features: Three separate rental units in a renovated Cape Cod‑style residence; Major renovation completed during 2025‑2026; Partially finished basement with walkout access and garage entry
