Duplex with Porches and
For Sale
$265,000
340-344 South Lawrence Street, Middletown, PA 17057
Two residences offer separate utilities, laundry hookups, outdoor space, and off-street parking.
Property Size2,592 SF
Price / SF$102.24
Days on Market144
Property Features for 340-344 South Lawrence Street
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R03
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,187
Amenities
fenced in rear yard
front and rear porches
laundry hookups
No
Washer/Dryer Hookups Only
Bathroom - Tub Shower, Carpet
Smoke Detector
No Pool
Above Grade
Sidewalks
Porch(es), Deck(s)
Building Details
Year Built
1920
Listing Agency:
GO TIME Homes LLC
(717) 736-5902
Listed By:
Aundrea Dirks · License #RS340559
(717) 736-5902
Source:
Compass
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 1:28AM
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 GO TIME Homes LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1920, contains 2,592 square feet across two residences. One unit has four bedrooms, while the other provides two bedrooms. Both sides include front and rear porches, laundry hookups, gas forced-air heat, and separately metered utilities. Outdoor features include a fenced rear yard associated with the larger unit, an additional yard area, and an off-street parking space.
The four-bedroom residence is occupied by a long-term tenant who pays the unit’s utilities. The property is zoned R03 and sits at 340-344 South Lawrence Street in Middletown, Pennsylvania. Harrisburg airport is less than 10 miles away, while a bus stop and commuter rail station are each less than 1 mile from the property. Restaurants, grocery stores, and parks are also identified nearby.
The four-bedroom residence is occupied by a long-term tenant who pays the unit’s utilities. The property is zoned R03 and sits at 340-344 South Lawrence Street in Middletown, Pennsylvania. Harrisburg airport is less than 10 miles away, while a bus stop and commuter rail station are each less than 1 mile from the property. Restaurants, grocery stores, and parks are also identified nearby.
Key Highlights
- Two‑unit duplex with 2,592 square feet, built in 1920
- Unit mix includes one 4‑bedroom residence and one 2‑bedroom residence
- Separate utilities and gas forced‑air heat serve both units
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
$23,136
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
8.73%
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%
$462,720
$462.7K
Cap Rate 7%
$330,514
$330.5K
Cap Rate 9%
$257,067
$257.1K
Market Conditions
NOI Build-Up for 2,592 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
$35.8K $13.80/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$33.1K $12.75/SF
− OpEx
−$9.9K −$3.83/SF
NOI
$23.1K $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%
$462,720
Cap Rate 7%
$330,514
Cap Rate 9%
$257,067
Alternative Uses
Best Use
Multifamily LT 5
$330.5K
$289.2K – $385.6K
NOI $23,136 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,618 @ 7.0% cap · market cap 7.78%
Theoretical Best
Specialty Retail
$4.77M
$4.18M – $5.57M
NOI $334,174 @ 7.0% cap · market cap 126.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 17057, PA
23,112
Population
10,513
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
743
Density / Sq Mi
$70,536
Median Household Income
$42,948
Median Earnings
$1,122
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate utilities, laundry hookups, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 340-344 South Lawrence Street Middletown, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,592 square feet, built in 1920; Unit mix includes one 4‑bedroom residence and one 2‑bedroom residence; Separate utilities and gas forced‑air heat serve both units
