Three-Unit Apartment
New
For Sale
$235,000
329 2ND STREET, New Cumberland, PA 17070
The residential property combines two efficiency apartments with one two-bedroom residence.
Property Size1,764 SF
Price / SF$133.22
Days on Market7
Property Features for 329 2ND STREET
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR efficiency, 1 x 2BR
Multifamily Units
3
Building Details
Year Built
1910
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
CRAIG WILSON · License #RS152318A
(717) 439-8234
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:11PM
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 1,764-square-foot residential income property contains three apartments: two efficiencies and one two-bedroom unit. The building dates to 1910 and is located in New Cumberland, Pennsylvania.
The owner covers water, sewer, electric, and trash service for both efficiency units. Water, sewer, and trash are paid for the two-bedroom apartment, which is leased through 6/30/27.
The owner covers water, sewer, electric, and trash service for both efficiency units. Water, sewer, and trash are paid for the two-bedroom apartment, which is leased through 6/30/27.
Key Highlights
- Three apartments: two efficiencies and one two‑bedroom unit
- 1,764 square feet
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,784
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,680
$335.7K
Cap Rate 7%
$239,771
$239.8K
Cap Rate 9%
$186,489
$186.5K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$25.4K $14.40/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$24.0K $13.59/SF
− OpEx
−$7.2K −$4.08/SF
NOI
$16.8K $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%
$335,680
Cap Rate 7%
$239,771
Cap Rate 9%
$186,489
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.7K
NOI $16,784 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.3K
NOI $14,899 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$409.8K
$358.5K – $478.1K
NOI $28,683 @ 7.0% cap · market cap 12.21%
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
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
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?
Triplex - The residential property combines two efficiency apartments with one two-bedroom residence.
Where is this triplex located?
The property is located at 329 2ND STREET New Cumberland, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Three apartments: two efficiencies and one two‑bedroom unit; 1,764 square feet; Built in 1910
