Side-by-Side
For Sale
$195,000
31 & 33 N PENN Street, Shippensburg, PA 17257
Multi-Family, SHIPPENSBURG, PA
Property Size2,040 SF
Lot Size0.04 Acres
Price / SF$95.59
Days on Market8
Property Features for 31 & 33 N PENN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
High school
SHIPPENSBURG AREA
Elementary school district
SHIPPENSBURG AREA
Middle school district
SHIPPENSBURG AREA
High school district
SHIPPENSBURG AREA
Standard status
Active
Size
2,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2193
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1800
Number of units
2
Building materials
Combination
Architectural style
Other
Listing Agency:
Realty One Group Golden Key
(717) 300-3191
Listed By:
Victoria Dennis · License #RB069656
(814) 644-3708
Added: Oct 6
Changed: Oct 12
Last Checked: Oct 13 at 2:06PM
MLS# PACB2059172
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 side-by-side duplex contains two residences, each with two bedrooms and one bathroom. The 2,040-square-foot building has electric baseboard heat and a basement. The property occupies a 0.04-acre parcel and dates to 1800.
Gas and electric service are separately metered for each unit. The owner pays the borough bill, which covers water, sewer, and trash service.
Gas and electric service are separately metered for each unit. The owner pays the borough bill, which covers water, sewer, and trash service.
Key Highlights
- Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom
- 2,040‑square‑foot building on a 0.04‑acre parcel
- Separate gas and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,231
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,620
$344.6K
Cap Rate 7%
$246,157
$246.2K
Cap Rate 9%
$191,456
$191.5K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$33.3K $16.32/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$31.3K $15.36/SF
− OpEx
−$14.1K −$6.91/SF
NOI
$17.2K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,620
Cap Rate 7%
$246,157
Cap Rate 9%
$191,456
Alternative Uses
Best Use
Multifamily LT 5
$277.3K
$242.6K – $323.5K
NOI $19,410 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.2K
NOI $17,231 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$473.9K
$414.6K – $552.9K
NOI $33,171 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 17257, PA
28,673
Population
11,528
Households
2.5
Avg Household Size
34
Median Age
23%
College-Educated
88%
High-School Grad
115.2 sq mi
ZIP Area
249
Density / Sq Mi
$71,504
Median Household Income
$37,061
Median Earnings
$1,058
Median Rent
$219,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Each residence has separate gas and electric meters, with two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 31 & 33 N PENN Street Shippensburg, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 2 bedrooms and 1 bathroom; 2,040‑square‑foot building on a 0.04‑acre parcel; Separate gas and electric meters for each residence
