Shippensburg Detached Duplex
36 Middle Spring Avenue Shippensburg, PA 17257
36 Middle Spring Avenue, Shippensburg, PA, 17257
$210,000
Pending
For Sale
$210,000
Pending
Detached duplex in Shippensburg, PA, perfect for rental income.
Property Size2,034 SF
Days on Market125
Property Features for 36 Middle Spring Avenue
General Information
- Standard status
- Pending
- Size
- 2,034 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency
Coldwell Banker Realty
(717) 414-0020
Listed by
rayna Angeline Abboud · License #RS368933
(717) 414-0020
Source
Compass
Added: Mar 17 Checked: Jul 17 at 4:06 am
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 detached duplex presents a valuable investment opportunity. The property features two separate units, each containing 2 bedrooms and 1 bathroom. The units are designed to provide comfortable living spaces. This duplex is suitable for generating rental income or accommodating extended family. Located in Shippensburg Township, Cumberland County, the property is part of the Shippensburg Area School District. The high school is Shippensburg Area High School.
Key Highlights
- Detached duplex: Ideal for rental income or extended family.
- Two units, each with 2 bedrooms and 1 bathroom: Provides comfortable living spaces.
- Investment opportunity: Potential for maximizing rental income.
Local Financial Insights For Apartment 5plus
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 | $33.2k | $16.32 |
| − Vacancy | −$2.0k | −$0.96 |
| EGI | $31.2k | $15.36 |
| − OpEx | −$14.1k | −$6.91 |
| NOI | $17.2k | $8.45 |
2,034 SF · lease $16.32/SF/yr · vacancy 5.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.5K
$241.9K – $322.6K
NOI $19,353 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$245.4K
$214.8K – $286.3K
NOI $17,180 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$472.5K
$413.4K – $551.2K
NOI $33,074 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Detached duplex in Shippensburg, PA, perfect for rental income.
Where is this duplex located?
The property is located at 36 Middle Spring Avenue Shippensburg, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Detached duplex: Ideal for rental income or extended family.; Two units, each with 2 bedrooms and 1 bathroom: Provides comfortable living spaces.; Investment opportunity: Potential for maximizing rental income.
