3-Unit Triplex with
For Sale
$434,900
3185 SPRING Road, Carlisle, PA 17013
Multi-Family, CARLISLE, PA
Property Size3,536 SF
Lot Size0.87 Acres
Price / SF$122.99
Days on Market40
Property Features for 3185 SPRING Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Driveway, Parking Lot, Assigned, Off Street
High school
CUMBERLAND VALLEY
Elementary school district
CUMBERLAND VALLEY
Middle school district
CUMBERLAND VALLEY
High school district
CUMBERLAND VALLEY
Standard status
Active
Size
3,536 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Annual Amount
2988
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Amenities
laundry facilities
garage
Building Details
Year built
1958
Number of units
3
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 344-5950
Listed By:
Tavia Garland · License #RS342260
(717) 713-8027
Added: Aug 28
Changed: Oct 5
Last Checked: Oct 6 at 6:06AM
MLS# PACB2057836
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 3,536-square-foot triplex contains two one-bedroom apartments on the ground floor and a three-bedroom unit upstairs. The downstairs apartments share laundry facilities and can reach the backyard. The upper residence has access to a side yard and a detached shed. A garage and off-street parking are also part of the property. Built in 1958, the building has aluminum siding, electric baseboard heat, and window-unit cooling.
The property occupies 0.87 acres in Carlisle, with shopping, restaurants, and everyday services nearby.
The property occupies 0.87 acres in Carlisle, with shopping, restaurants, and everyday services nearby.
Key Highlights
- Three units: two one‑bedroom apartments and one three‑bedroom residence
- 3,536 square feet on a 0.87‑acre parcel
- Garage, driveway, parking lot, assigned spaces, and off‑street parking
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
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?
Triplex - Two one-bedroom apartments and a three-bedroom residence provide a varied unit mix.
Where is this triplex 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: Three units: two one‑bedroom apartments and one three‑bedroom residence; 3,536 square feet on a 0.87‑acre parcel; Garage, driveway, parking lot, assigned spaces, and off‑street parking
