Residential Income
New
For Sale
$229,000
414 3RD STREET, New Cumberland, PA 17070
Natural-gas forced-air heating and a gas water heater are installed.
Property Size2,142 SF
Price / SF$106.91
Days on Market4
Property Features for 414 3RD STREET
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$3,378
Amenities
Natural Gas, Forced Air
Gas Water Heater
Off Street, On Street, Alley Access, Driveway
Traditional
Building Details
Building Size
2,142 SF
Year Built
1910
Listing Agency:
Keller Williams of Central PA
Listed By:
KARA MANNING · License #RS364912
(717) 434-8825
Source:
Evrealestate
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 of Central PA
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Investment Insights
Based on property information with market context.
This residential income property contains 2,142 square feet and dates to 1910. Interior systems include natural-gas forced-air heating and a gas water heater.
Parking options include off-street spaces, a driveway, on-street parking, and alley access. The property is at 414 3rd Street in New Cumberland, Pennsylvania.
Parking options include off-street spaces, a driveway, on-street parking, and alley access. The property is at 414 3rd Street in New Cumberland, Pennsylvania.
Key Highlights
- 2,142 square feet
- Built in 1910
- Natural‑gas forced‑air heating and gas water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,092
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,840
$361.8K
Cap Rate 7%
$258,457
$258.5K
Cap Rate 9%
$201,022
$201.0K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$35.0K $16.32/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$32.9K $15.36/SF
− OpEx
−$14.8K −$6.91/SF
NOI
$18.1K $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%
$361,840
Cap Rate 7%
$258,457
Cap Rate 9%
$201,022
Alternative Uses
Best Use
Apartment 5plus
$258.5K
$226.2K – $301.5K
NOI $18,092 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.6K
$435.4K – $580.5K
NOI $34,830 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Natural-gas forced-air heating and a gas water heater are installed.
Where is this residential income property located?
The property is located at 414 3RD STREET New Cumberland, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 2,142 square feet; Built in 1910; Natural‑gas forced‑air heating and gas water heater
