Residential Income Property with
404 N 2ND STREET, Wormleysburg, PA 17043
For Sale
$169,995
Pending
The property includes a detached garage, off-street and on-street parking, and natural gas radiant heat.
Property Size1,573 SF
Days on Market48
Property Features for 404 N 2ND STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Window Unit(s), Electric
Natural Gas, Radiant
Exterior Entry, Partially Finished, Unfinished, Interior Entry
Gas Water Heater
Off Street, On Street, Garage, Detached
Colonial
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Keystone Realty
Listed By:
Mr. Michael S S Kushla II · License PA AB069352
(717) 891-1504
Source:
Evrealestate
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 10 at 7:35AM
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 Keller Williams Keystone Realty
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Investment Insights
Based on property information with market context.
Built in 1926, this residential income property has a Colonial exterior and a detached garage. Interior features include natural gas radiant heat, a gas water heater, and window-unit cooling. The interior includes partially finished and unfinished areas, with both interior and exterior entry points.
The property is at 404 N 2nd Street in Wormleysburg, Pennsylvania, and is zoned VMU 1.
The property is at 404 N 2nd Street in Wormleysburg, Pennsylvania, and is zoned VMU 1.
Key Highlights
- Detached garage with off‑street and on‑street parking
- Natural gas radiant heat and gas water heater
- Window‑unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,286
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,720
$265.7K
Cap Rate 7%
$189,800
$189.8K
Cap Rate 9%
$147,622
$147.6K
Market Conditions
NOI Build-Up for 1,573 SF
Gross rent
$25.7K $16.32/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$24.2K $15.36/SF
− OpEx
−$10.9K −$6.91/SF
NOI
$13.3K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,720
Cap Rate 7%
$189,800
Cap Rate 9%
$147,622
Alternative Uses
Best Use
Apartment 5plus
$189.8K
$166.1K – $221.4K
NOI $13,286 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.4K
$319.7K – $426.3K
NOI $25,578 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
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Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Cumberland County, PA
Properties on Market for Residential income properties in Cumberland County
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes a detached garage, off-street and on-street parking, and natural gas radiant heat.
Where is this residential income property located?
The property is located at 404 N 2ND STREET Wormleysburg, PA.
What is the asking price?
The asking price for this property is $169,995.
What are key features of this property?
This property features: Detached garage with off‑street and on‑street parking; Natural gas radiant heat and gas water heater; Window‑unit cooling
