Duplex with Off-Street
For Sale
$434,900
3185 SPRING ROAD, Carlisle, PA 17013
The property includes common paved parking and storage space.
Property Size3,536 SF
Price / SF$122.99
Days on Market21
Property Features for 3185 SPRING ROAD
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$2,988
Amenities
Window Unit(s), Electric
Electric, Baseboard
Crawl Space
Electric Water Heater
Asphalt, Off Street, Private, Unassigned, Common, Paved, Secured, Parking Lot
Other, Storage
Traditional
Building Details
Building Size
3,536 SF
Year Built
1958
Stories
2
Listing Agency:
Iron Valley Real Estate of Central PA
Listed By:
Tavia Garland · License #RS342260
(717) 713-8027
Source:
Evrealestate
Added: Sep 23
Changed: Oct 10
Last Checked: Oct 12 at 7:21PM
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 Iron Valley Real Estate of Central PA
Investment Insights
Based on property information with market context.
This 3,536-square-foot duplex in Carlisle was built in 1958. Interior features include window air-conditioning units, electric baseboard heat, an electric water heater, and crawl-space construction. Storage is also provided.
The property has a secured, paved common parking area with off-street spaces. It is zoned residential.
The property has a secured, paved common parking area with off-street spaces. It is zoned residential.
Key Highlights
- 3,536‑square‑foot duplex built in 1958
- Secured, paved common parking with off‑street spaces
- Window‑unit air conditioning and electric baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,643
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,860
$672.9K
Cap Rate 7%
$480,614
$480.6K
Cap Rate 9%
$373,811
$373.8K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$50.9K $14.40/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$48.1K $13.59/SF
− OpEx
−$14.4K −$4.08/SF
NOI
$33.6K $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 Rate 5%
$672,860
Cap Rate 7%
$480,614
Cap Rate 9%
$373,811
Alternative Uses
Best Use
Multifamily LT 5
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$426.7K
$373.3K – $497.8K
NOI $29,867 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$821.4K
$718.7K – $958.3K
NOI $57,497 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
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 - The property includes common paved parking and storage space.
Where is this duplex located?
The property is located at 3185 SPRING ROAD Carlisle, PA.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 3,536‑square‑foot duplex built in 1958; Secured, paved common parking with off‑street spaces; Window‑unit air conditioning and electric baseboard heat
