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75-Unit Apartment Portfolio
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404 Baltimore St, Hanover, PA 17331

Four apartment properties are operated through a local third-party management company across Hanover and Gettysburg.

Property SizeContact for details
Days on Market143

Property Features for 404 Baltimore St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 98%

Additional Details

Asking Price $5,525,000
Multifamily Units 75
Listing Agency: Marcus & Millichap - Philadelphia
Listed By: Clarke Talone · License #DE RS-0019808
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:40PM

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 Marcus & Millichap - Philadelphia

Investment Insights

Based on property information with market context.

This multifamily offering combines four apartment properties totaling 75 units in Hanover and Gettysburg, Pennsylvania. The portfolio includes a 34-unit property and a 13-unit property in Hanover, plus 22-unit and 6-unit properties in Gettysburg. The assets are being offered together, with the properties located close enough to support coordinated oversight and management efficiencies.

A local third-party management company currently operates the portfolio. Occupancy has remained above 95% and is currently reported at 98%. Two properties, ShoreGate in Hanover and 250 South Franklin in Gettysburg, include assumable financing, while the remaining two assets are offered free and clear of debt. Individual asset offers may also be considered.

Key Highlights

  • 75‑unit, 4‑property apartment portfolio in Hanover and Gettysburg, Pennsylvania
  • Unit mix includes 34 and 13 units in Hanover, plus 22 and 6 units in Gettysburg
  • Current occupancy reported at 98%

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Catering Service (Bike/Boat/Book/etc) Store Veterinary Clinic Grocery & Convenience Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

75
Residential units
98%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,083
Businesses Nearby

Demographics for 17331, PA

55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four apartment properties are operated through a local third-party management company across Hanover and Gettysburg.
Where is this apartment building located?
The property is located at 404 Baltimore St Hanover, PA.
What are key features of this property?
This property features: 75‑unit, 4‑property apartment portfolio in Hanover and Gettysburg, Pennsylvania; Unit mix includes 34 and 13 units in Hanover, plus 22 and 6 units in Gettysburg; Current occupancy reported at 98%
(215) 531-7021 Call to check price and availability
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