Boarding House with Garage
359 Main St McSherrystown, PA 17344
359 Main St, McSherrystown, PA, 17344
$929,900
For Sale
$929,900
17-room boarding house on four floors with common kitchen, laundry access, porches, and on-site parking for 17 cars.
Days on Market30
Property Features for 359 Main St
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing agency
Capstone Commercial
(717) 819-2825
Listed by
Naomi Brown, CCIM · License #RM425406
Source
Commercialcafe
Added: Jun 23 Updated: Jul 22 at 12:23PM Checked: Jul 22 at 12:23PM
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Investment Insights
Based on property information with market context.
This established 17-room boarding house was constructed in 1930 and is currently arranged over four floors. Residents share a common kitchen and have access to a laundry area in the basement. There are three common bathrooms and one additional room with a private bath. The property also includes two garage rentals. The exterior offers several porches for tenant use. An available Labor & Industry Certificate addresses code items, and the roof, boiler, and water heater are approximately 10 years old or newer, with the owner completing recent cosmetic upgrades.
The boarding house operates under Commercial 1 zoning in McSherrystown Borough and is offered for sale at 359 Main St in the suburbs of Hanover. On-site parking is provided for 17 cars. Each room is all-inclusive, with the landlord covering utilities, common area cleaning, Wi-Fi access, parking, and basic furniture, and tenants sign an initial 6-month lease before converting to month-to-month. Tenants can choose to pay weekly or monthly rent. The offering remarks cite a current 7% cap rate with upside to 9% based on rent levels and recent improvements.
The boarding house operates under Commercial 1 zoning in McSherrystown Borough and is offered for sale at 359 Main St in the suburbs of Hanover. On-site parking is provided for 17 cars. Each room is all-inclusive, with the landlord covering utilities, common area cleaning, Wi-Fi access, parking, and basic furniture, and tenants sign an initial 6-month lease before converting to month-to-month. Tenants can choose to pay weekly or monthly rent. The offering remarks cite a current 7% cap rate with upside to 9% based on rent levels and recent improvements.
Key Highlights
- 17‑room boarding house built in 1930, spread across 4 floors
- Commercial 1 zoning in McSherrystown Borough and long‑standing boarding house use
- Shared setup: 3 common bathrooms, plus 1 room with a private bath; residents share a common kitchen
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FAQs
What type of property is this?
Apartment building - 17-room boarding house on four floors with common kitchen, laundry access, porches, and on-site parking for 17 cars.
Where is this apartment building located?
The property is located at 359 Main St McSherrystown, PA.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: 17‑room boarding house built in 1930, spread across 4 floors; Commercial 1 zoning in McSherrystown Borough and long‑standing boarding house use; Shared setup: 3 common bathrooms, plus 1 room with a private bath; residents share a common kitchen
