Turn-Key Triplex with Updated
3485 Wayne Road Chambersburg, PA 17202
3485 Wayne Road, Chambersburg, PA, 17202
$299,900
For Sale
$299,900
Triplex with three fully occupied units, including a third-floor 1-bedroom updated in 2025.
Property Size2,210 SF
Price / SF$135.70
Days on Market112
Property Features for 3485 Wayne Road
General Information
- Standard status
- Active
- Size
- 2,210 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Realty
(240) 291-4042
Listed by
Nicole A Henson · License #RS324829
(240) 291-4042
Source
Compass
Added: Apr 1 Updated: Jul 21 at 6:49AM Checked: Jul 21 at 6:49AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three fully occupied units, providing an investor-ready, turn-key setup. The third-floor 1-bedroom unit was completely updated in 2025, with modern interior finishes intended to support long-term ease of ownership. Each unit has been cared for as part of the property’s overall stability and rental history.
The property is located in Franklin County within the Chambersburg Area School District. Showings require a minimum of 48 hours’ notice, with no exceptions.
The third-floor unit features a 1-bedroom layout, and all three units are currently occupied.
The property is located in Franklin County within the Chambersburg Area School District. Showings require a minimum of 48 hours’ notice, with no exceptions.
The third-floor unit features a 1-bedroom layout, and all three units are currently occupied.
Key Highlights
- Triplex with three fully occupied units and long‑term tenants in place
- Third‑floor 1‑bedroom unit was completely updated in 2025
- Kitchens include appliances such as dishwasher, electric oven/range, and refrigerator
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 | $33.9k | $15.36 |
| − Vacancy | −$2.5k | −$1.15 |
| EGI | $31.4k | $14.21 |
| − OpEx | −$9.4k | −$4.26 |
| NOI | $22.0k | $9.95 |
2,210 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.8K – $366.3K
NOI $21,980 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$535.9K
$468.9K – $625.2K
NOI $37,510 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex with three fully occupied units, including a third-floor 1-bedroom updated in 2025.
Where is this triplex located?
The property is located at 3485 Wayne Road Chambersburg, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Triplex with three fully occupied units and long‑term tenants in place; Third‑floor 1‑bedroom unit was completely updated in 2025; Kitchens include appliances such as dishwasher, electric oven/range, and refrigerator
