Duplex with Off-Street
New
For Sale
$279,900
400 S WASHINGTON Street, Gettysburg, PA 17325
Multi-Family, GETTYSBURG, PA
Property Size2,460 SF
Lot Size0.13 Acres
Price / SF$113.78
Days on Market5
Property Features for 400 S WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
Alley, Driveway, Off Street
Interior features
Attic, Carpet, Chair Railings, Formal/Separate Dining Room, Kitchen - Eat-In, Floor Plan - Traditional
Appliances
Oven/Range - Gas
Middle school
GETTYSBURG AREA
High school
GETTYSBURG AREA
Elementary school district
GETTYSBURG AREA
Middle school district
GETTYSBURG AREA
High school district
GETTYSBURG AREA
Standard status
Active
Size
2,460 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4256
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
rear covered patio
large backyard
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Keller Williams Keystone Realty · Keller Williams Realty
(717) 334-4565
Listed By:
David E Monsour · License #AB068634
(717) 319-3408
Added: Aug 25
Last Checked: Aug 29 at 1:06AM
MLS# PAAD2025376
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2460 square feet on a 0.13-acre lot, with two bedrooms and one full bathroom in each unit. Both residences feature separate living and dining rooms, eat-in kitchens, traditional floor plans, walk-up attic space, and gas ranges. Vinyl siding, forced-air heat, and central air serve the property.
Outdoor improvements include a rear covered patio, large backyard, and parking via alley access, driveway, and off-street spaces. Built in 1900, the property is located at 400 S WASHINGTON Street in Gettysburg, near downtown shops, restaurants, Gettysburg College, and Gettysburg Hospital. One unit is occupied under a month-to-month arrangement, with the tenant responsible for all utilities.
Outdoor improvements include a rear covered patio, large backyard, and parking via alley access, driveway, and off-street spaces. Built in 1900, the property is located at 400 S WASHINGTON Street in Gettysburg, near downtown shops, restaurants, Gettysburg College, and Gettysburg Hospital. One unit is occupied under a month-to-month arrangement, with the tenant responsible for all utilities.
Key Highlights
- Duplex with 2460 square feet on a 0.13‑acre lot
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate living and dining rooms with traditional floor plans
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
$11,348
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
4.05%
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%
$226,960
$227.0K
Cap Rate 7%
$162,114
$162.1K
Cap Rate 9%
$126,089
$126.1K
Market Conditions
NOI Build-Up for 2,460 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
$17.1K $6.96/SF
− Vacancy
−$911 −$0.37/SF
EGI
$16.2K $6.59/SF
− OpEx
−$4.9K −$1.98/SF
NOI
$11.3K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /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%
$226,960
Cap Rate 7%
$162,114
Cap Rate 9%
$126,089
Alternative Uses
Best Use
Multifamily LT 5
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$148.9K
$130.3K – $173.7K
NOI $10,422 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
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 traditional units include separate dining rooms, rear covered patio space, and a large backyard.
Where is this duplex located?
The property is located at 400 S WASHINGTON Street Gettysburg, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex with 2460 square feet on a 0.13‑acre lot; Each unit includes 2 bedrooms and 1 full bathroom; Separate living and dining rooms with traditional floor plans
