New Two-Unit
For Sale
$499,900
3637-3639 KORTNI DR, Dover, PA 17315
Recently completed two-unit property with matching three-bedroom, two-and-a-half-bath residences and low-maintenance construction.
Property Size2,524 SF
Price / SF$198.06
Days on Market47
Property Features for 3637-3639 KORTNI DR
General Information
Standard status
Active
Size
2,524 SF
Class
Class A
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Cap Rate
7%
Listing Agency:
Cummings & Co. Realtors
(717) 900-5990
Listed By:
Andrew Spangenberger · License #RS327813
(717) 683-0525
Source:
Hostetterrealty
Added: Sep 7
Changed: Oct 13
Last Checked: Oct 23 at 6:38AM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This newly completed duplex at 3637-3639 Kortni Dr in Dover, Pennsylvania, contains two never-occupied residences totaling 2,524 square feet. Each unit offers three bedrooms and two-and-a-half bathrooms, providing a consistent configuration across the property. The homes are designed for low-maintenance ownership and straightforward management, according to the available property details.
The property is offered as one of two available duplexes and is identified as a multifamily investment opportunity. A projected 7% cap rate is cited in the property information, with pro forma materials available for review.
The property is offered as one of two available duplexes and is identified as a multifamily investment opportunity. A projected 7% cap rate is cited in the property information, with pro forma materials available for review.
Key Highlights
- Two‑unit duplex totaling 2,524 square feet
- Both residences are newly completed and never occupied
- Each unit includes 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,044
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,880
$500.9K
Cap Rate 7%
$357,771
$357.8K
Cap Rate 9%
$278,267
$278.3K
Market Conditions
NOI Build-Up for 2,524 SF
Gross rent
$37.9K $15.00/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$35.8K $14.17/SF
− OpEx
−$10.7K −$4.25/SF
NOI
$25.0K $9.92/SF
Area
York County, PA
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,880
Cap Rate 7%
$357,771
Cap Rate 9%
$278,267
Alternative Uses
Best Use
Multifamily LT 5
$357.8K
$313.1K – $417.4K
NOI $25,044 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$332.3K
$290.8K – $387.7K
NOI $23,263 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$730.8K
$639.4K – $852.6K
NOI $51,155 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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Business Placement
Demographics for 17315, PA
26,317
Population
11,442
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
58.1 sq mi
ZIP Area
453
Density / Sq Mi
$81,058
Median Household Income
$47,933
Median Earnings
$1,189
Median Rent
$222,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recently completed two-unit property with matching three-bedroom, two-and-a-half-bath residences and low-maintenance construction.
Where is this duplex located?
The property is located at 3637-3639 KORTNI DR Dover, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,524 square feet; Both residences are newly completed and never occupied; Each unit includes 3 bedrooms and 2.5 bathrooms
