Turnkey Duplex Income
333 3rd Street New Cumberland, PA 17070
333 3rd Street, New Cumberland, PA, 17070
$350,000
For Sale
$350,000
Fully leased and recently renovated duplex with tenant-paid utilities for straightforward ongoing operations.
Property Size2,537 SF
Price / SF$137.96
Days on Market70
Property Features for 333 3rd Street
General Information
- Standard status
- Active
- Size
- 2,537 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1899
Listing agency
Commerical Industrial Realty Co, Inc.
(717) 992-5734
Listed by
Javier Andres Godoy · License #RS371645
(717) 992-5734
Source
Compass
Added: May 13 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:35AM
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 Commerical Industrial Realty Co, Inc.
Investment Insights
Based on property information with market context.
This turnkey duplex is fully leased and was recently renovated. It provides two residential units under one ownership structure, positioned as an efficient residential income setup. The listing notes that tenants are responsible for all utilities, helping streamline day-to-day operating responsibilities.
The property is located in New Cumberland Borough in Cumberland County, within the West Shore School District. While the listing highlights the asset’s central borough setting, the practical takeaway for buyers is that this is a local, established rental property within the New Cumberland area.
For investors or owner-operators seeking an income-producing residential property, the current lease status and recent renovation are key factors. Tenant responsibility for utilities is also a meaningful operating consideration, since it can reduce owner out-of-pocket utility expense compared to structures where utilities are centrally billed. As presented, this is a ready-to-manage duplex offering that combines existing occupancy with renovation updates, making it a practical option for buyers looking to add a leased multifamily asset to their portfolio.
The property is located in New Cumberland Borough in Cumberland County, within the West Shore School District. While the listing highlights the asset’s central borough setting, the practical takeaway for buyers is that this is a local, established rental property within the New Cumberland area.
For investors or owner-operators seeking an income-producing residential property, the current lease status and recent renovation are key factors. Tenant responsibility for utilities is also a meaningful operating consideration, since it can reduce owner out-of-pocket utility expense compared to structures where utilities are centrally billed. As presented, this is a ready-to-manage duplex offering that combines existing occupancy with renovation updates, making it a practical option for buyers looking to add a leased multifamily asset to their portfolio.
Key Highlights
- Fully leased duplex with recently renovated units
- Tenants are responsible for all utilities
- Located in the heart of New Cumberland Borough (MLS area 14425), Cumberland County
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $14.40 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $34.5k | $13.59 |
| − OpEx | −$10.3k | −$4.08 |
| NOI | $24.1k | $9.51 |
2,537 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.8K
$301.7K – $402.3K
NOI $24,138 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$589.3K
$515.7K – $687.6K
NOI $41,253 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully leased and recently renovated duplex with tenant-paid utilities for straightforward ongoing operations.
Where is this duplex located?
The property is located at 333 3rd Street New Cumberland, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully leased duplex with recently renovated units; Tenants are responsible for all utilities; Located in the heart of New Cumberland Borough (MLS area 14425), Cumberland County
