Building Details

Year Built 1986

Buildings 1

Listing Agency: RE/MAX Advantage Realty Show Phone

Listed By: Amy Saxe · License #RSR003759 Show Phone

Source: Cummingsrealtors

Added: Sep 19 Changed: Sep 20 Last Checked: Sep 20 at 9:15AM

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Investment Insights

Based on property information with market context.

This 2,184-square-foot duplex, built in 1986, contains two independent residences with separate kitchens, living areas, and stackable laundry appliances. The first unit includes three bedrooms, one full bath, one half bath, and LVP flooring in the living area. The second provides two bedrooms, one full bath, one half bath, and a generously sized living room. Both units have access to the side yard and receive their own designated storage area.

Fresh paint is present throughout the property, while separate water and sewer metering supports distinct utility accounting for each residence. A large front parking pad provides off-street parking. The property is located in a quiet Stewartstown Borough neighborhood near grocery stores, dining, gas stations, and other local amenities. The seller is requesting an as-is sale.

Key Highlights

• Two‑unit duplex with 2,184 square feet of building area
• Unit mix includes one 3‑bedroom residence and one 2‑bedroom residence
• Each unit has 1 full bath and 1 half bath

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

$21,671

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

6.85%

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%

$433,420 $433.4K

Cap Rate 7%

$309,586 $309.6K

Cap Rate 9%

$240,789 $240.8K

Market Conditions

NOI Build-Up for 2,184 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

$32.8K $15.00/SF

− Vacancy

−$1.8K −$0.83/SF

EGI

$31.0K $14.17/SF

− OpEx

−$9.3K −$4.25/SF

NOI

$21.7K $9.92/SF

Area

York County, PA

Vacancy

5.50%

Lease Rate

$15.00 /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%

$433,420

Cap Rate 7%

$309,586

Cap Rate 9%

$240,789

Alternative Uses

Best Use

Multifamily LT 5

$309.6K

$270.9K – $361.2K (±1% cap)

NOI $21,671 @ 7.0% cap · market cap 6.85%

Second Best

Apartment 5plus

$287.6K

$251.6K – $335.5K (±1% cap)

NOI $20,130 @ 7.0% cap · market cap 6.36%

Theoretical Best

Office A

$632.3K

$553.3K – $737.7K (±1% cap)

NOI $44,264 @ 7.0% cap · market cap 13.99%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Law Firm Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Explore this area Business Placement

Demographics for 17363, PA

9,122

Population

3,355

Households

2.7

Avg Household Size

47

Median Age

31%

College-Educated

95%

High-School Grad

36.9 sq mi

ZIP Area

247

Density / Sq Mi

$97,917

Median Household Income

$55,411

Median Earnings

$905

Median Rent

$307,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Separate water and sewer meters, dedicated storage, and side-yard access serve both residences.

Where is this duplex located?

The property is located at 33 W PENNSYLVANIA AVENUE Stewartstown, PA.

What is the asking price?

The asking price for this property is $316,500.

What are key features of this property?

This property features: Two‑unit duplex with 2,184 square feet of building area; Unit mix includes one 3‑bedroom residence and one 2‑bedroom residence; Each unit has 1 full bath and 1 half bath