Brick Duplex with Two
301 S Market Street Martinsburg, PA 16662
301 S Market Street, Martinsburg, PA, 16662
$159,000
For Sale
$159,000
MULTI_FAMILY - Martinsburg, PA
Property Size1,808 SF
Lot Size0.11 Acres
Price / SF$87.94
Days on Market8
Property Features for 301 S Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 15.00-04..-090.00-000
- Size
- 1,808 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1886
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air
- Water source
- Public
Building Details
- Year built
- 1890
Listing Agency
Colony Realty Group, Ltd
(814) 696-9500
1207 Allegheny Street, PA
Listed by
Cinnamon Colony Chatman · License #RS227894L
(814) 329-0372
Added: Jul 9 Checked: Jul 16 at 3:06 pm
MLS# 80631
Listing URL
Copyright © 2026 Allegheny Highland Association of Realtors. 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 brick duplex offers two rental units with separate living layouts. The main floor unit includes a living room, kitchen, and one bedroom. The second-floor unit includes a living room, kitchen, and two bedrooms. Off-street parking is available, and owner-paid utilities include water, sewer, and trash, while tenants pay electricity.
The property is situated on a corner lot in Martinsburg, Pennsylvania. Long-term tenants are in place, and a minimum of 24 hours’ notice is required for all showings.
Set up for straightforward rental operations, the building’s configuration supports a one-bedroom unit on the main level and a two-bedroom unit above.
The property is situated on a corner lot in Martinsburg, Pennsylvania. Long-term tenants are in place, and a minimum of 24 hours’ notice is required for all showings.
Set up for straightforward rental operations, the building’s configuration supports a one-bedroom unit on the main level and a two-bedroom unit above.
Key Highlights
- Brick duplex built in 1890 in Martinsburg
- Two units: main floor has living room, kitchen, and 1 bedroom; 2nd floor has living room, kitchen, and 2 bedrooms
- Corner lot with off‑street parking
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $14.76 |
| − Vacancy | −$1.3k | −$0.74 |
| EGI | $25.4k | $14.02 |
| − OpEx | −$11.4k | −$6.31 |
| NOI | $13.9k | $7.71 |
1,808 SF · lease $14.76/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.3K
$188.4K – $251.2K
NOI $15,069 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$199.2K
$174.3K – $232.4K
NOI $13,943 @ 7.0% cap · market cap 8.77%
Theoretical Best
Warehouse
$2.20M
$1.92M – $2.56M
NOI $153,720 @ 7.0% cap · market cap 96.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit brick duplex on a corner lot with off-street parking and separate tenant utilities.
Where is this duplex located?
The property is located at 301 S Market Street Martinsburg, PA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Brick duplex built in 1890 in Martinsburg; Two units: main floor has living room, kitchen, and 1 bedroom; 2nd floor has living room, kitchen, and 2 bedrooms; Corner lot with off‑street parking
