Updated Two-Unit
For Sale
$315,000
325 PARK AVENUE, Hershey, PA 17033
Fully occupied duplex with separate utilities, central air, rear parking, storage, and porch areas for both units.
Property Size1,428 SF
Price / SF$220.59
Days on Market13
Property Features for 325 PARK AVENUE
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
off-street rear parking
storage shed
front & rear porch
Building Details
Year Built
1912
Buildings
1
Listing Agency:
Cavalry Realty, LLC
(717) 669-2603
Listed By:
Faruk Sisic · License #RS280268
(717) 669-2603
Source:
Cummingsrealtors
Added: Aug 9
Changed: Aug 21
Last Checked: Aug 21 at 9:37AM
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 Cavalry Realty, LLC
Investment Insights
Based on property information with market context.
This 1,428-square-foot duplex, built in 1912, contains two one-bedroom, one-bath residences with separate utility systems. The first-floor unit includes a living room, kitchen, full bath, and laundry area. Upstairs, the second residence adds an attic or bonus room alongside its living room, kitchen, and bath. Each unit is supported by its own water heater, utility meter, electrical panel, and high-efficiency natural gas furnace with central air. Recent property improvements include vinyl siding and a 30-year architectural shingle roof.
The property is located at 325 Park Avenue in Hershey, with rear off-street parking, a storage shed, and front and rear porches. Restaurants, coffee shops, shopping, entertainment, downtown Hershey amenities, Hersheypark, and ZooAmerica are identified nearby. Both units are currently occupied.
The property is located at 325 Park Avenue in Hershey, with rear off-street parking, a storage shed, and front and rear porches. Restaurants, coffee shops, shopping, entertainment, downtown Hershey amenities, Hersheypark, and ZooAmerica are identified nearby. Both units are currently occupied.
Key Highlights
- Two fully occupied one‑bedroom, one‑bath units
- 1,428‑square‑foot duplex built in 1912
- Separate utilities, water heaters, meters, and electrical panels
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
$12,746
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
4.05%
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%
$254,920
$254.9K
Cap Rate 7%
$182,086
$182.1K
Cap Rate 9%
$141,622
$141.6K
Market Conditions
NOI Build-Up for 1,428 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
$19.7K $13.80/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$18.2K $12.75/SF
− OpEx
−$5.5K −$3.83/SF
NOI
$12.7K $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%
$254,920
Cap Rate 7%
$182,086
Cap Rate 9%
$141,622
Alternative Uses
Best Use
Multifamily LT 5
$182.1K
$159.3K – $212.4K
NOI $12,746 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.3K
NOI $11,359 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,105 @ 7.0% cap · market cap 58.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separate utilities, central air, rear parking, storage, and porch areas for both units.
Where is this duplex located?
The property is located at 325 PARK AVENUE Hershey, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two fully occupied one‑bedroom, one‑bath units; 1,428‑square‑foot duplex built in 1912; Separate utilities, water heaters, meters, and electrical panels
