Fully Leased 4-Unit
415 Broadway Hanover, PA 17331
415 Broadway, Hanover, PA, 17331
$399,000
For Sale
$399,000
Four fully leased one-bedroom units in a well-maintained multifamily property near downtown Hanover.
Property Size3,154 SF
Price / SF$126.51
Days on Market333
Property Features for 415 Broadway
General Information
- Standard status
- Active
- Size
- 3,154 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Sites Realty, Inc.
(717) 870-3608
Listed by
Bradley N Shafer · License #RS336366
(717) 870-3608
Source
Compass
Added: Aug 24, 2025 Updated: Jul 22 at 9:49AM Checked: Jul 22 at 9:49AM
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 Sites Realty, Inc.
Investment Insights
Based on property information with market context.
This property is a well-maintained four-unit multifamily building with all units currently leased. Each unit is a one-bedroom configuration, providing consistent, turn-key occupancy for an investor considering an income-focused acquisition.
Located at 415 Broadway in Hanover, PA, the building is described as within walking distance of downtown Hanover. The surrounding area includes access to shops, restaurants, parks, and other local amenities.
The offering consists of four separate one-bedroom units within the same multifamily structure, with the property presented as maintained and ready for new ownership.
Located at 415 Broadway in Hanover, PA, the building is described as within walking distance of downtown Hanover. The surrounding area includes access to shops, restaurants, parks, and other local amenities.
The offering consists of four separate one-bedroom units within the same multifamily structure, with the property presented as maintained and ready for new ownership.
Key Highlights
- 4‑unit multifamily property with all units fully leased
- All four units are 1‑bedroom units
- Walking‑distance location to downtown Hanover (MLS Area: Hanover Boro, 15267)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $15.00 |
| − Vacancy | −$2.6k | −$0.83 |
| EGI | $44.7k | $14.17 |
| − OpEx | −$13.4k | −$4.25 |
| NOI | $31.3k | $9.92 |
3,154 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$447.1K
$391.2K – $521.6K
NOI $31,296 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$415.3K
$363.4K – $484.5K
NOI $29,070 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,924 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully leased one-bedroom units in a well-maintained multifamily property near downtown Hanover.
Where is this quadplex located?
The property is located at 415 Broadway Hanover, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4‑unit multifamily property with all units fully leased; All four units are 1‑bedroom units; Walking‑distance location to downtown Hanover (MLS Area: Hanover Boro, 15267)
