Three-Unit Apartment
New
For Sale
$235,000
329 2ND STREET, New Cumberland, PA 17070
Multi-Family, NEW CUMBERLAND, PA
Property Size1,764 SF
Lot Size0.03 Acres
Price / SF$133.22
Days on Market5
Property Features for 329 2ND STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street, Off Street, Parking Lot
Appliances
Refrigerator, Oven/Range - Gas, Oven/Range - Electric, WaterHeater
High school
CEDAR CLIFF
Elementary school district
WEST SHORE
Middle school district
WEST SHORE
High school district
WEST SHORE
Standard status
Active
Size
1,764 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2735
Utilities
Heating system
Forced Air, Baseboard, Electric (Heating)
Building Details
Year built
1910
Number of units
3
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Central PA
(717) 996-4600
Listed By:
CRAIG WILSON · License #RS152318A
(717) 439-8234
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 7:06PM
MLS# PACB2058946
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 1,764-square-foot apartment property contains three units: two one-bedroom efficiencies and one two-bedroom apartment. The two-bedroom unit is leased through June 30, 2027. The building dates to 1910 and has aluminum siding, with forced-air and baseboard heating systems listed. Parking includes on-street and off-street options, as well as a parking lot.
The property occupies a 0.03-acre site at 329 2nd Street in New Cumberland. A New Cumberland Borough inspection is valid through October 2029. The landlord covers water, sewer, electric, and trash for the efficiency units, and water, sewer, and trash for the two-bedroom apartment.
The property occupies a 0.03-acre site at 329 2nd Street in New Cumberland. A New Cumberland Borough inspection is valid through October 2029. The landlord covers water, sewer, electric, and trash for the efficiency units, and water, sewer, and trash for the two-bedroom apartment.
Key Highlights
- Three apartments: two one‑bedroom efficiencies and one two‑bedroom unit
- 1,764 square feet on a 0.03‑acre site
- Two‑bedroom apartment leased through 6/30/27
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
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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 property combines two efficiency apartments with a separate two-bedroom unit.
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 one‑bedroom efficiencies and one two‑bedroom unit; 1,764 square feet on a 0.03‑acre site; Two‑bedroom apartment leased through 6/30/27
