Duplex with Detached
For Sale
Under Contract
$239,900
446 E QUEEN Street, Chambersburg, PA 17201
MULTI_FAMILY - Colonial - CHAMBERSBURG, PA
Property Size1,856 SF
Lot Size0.28 Acres
Price / SF$129.26
Days on Market99
Property Features for 446 E QUEEN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Garage - Detached
Elementary school district
CHAMBERSBURG AREA
Middle school district
CHAMBERSBURG AREA
High school district
CHAMBERSBURG AREA
Standard status
Active Under Contract
Size
1,856 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
2221
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1900
Number of units
2
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
The Berkstresser Realty Group
(717) 264-7080
Listed By:
Wayne R Berkstresser · License #RS190346L
(717) 860-4717
Added: May 6
Changed: Jul 13
Last Checked: Aug 12 at 2:06PM
MLS# PAFL2034528
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 colonial duplex offers a “nice duplex setup” with separate living space options and the ability to convert back to a single-family configuration. The property includes a spacious rear yard and driveway for off-street parking, plus a detached garage/shop. Interior updates include fresh paint and new carpet. Recent exterior work includes a brand-new roof and new downspouts, supporting an improved, move-in-ready appearance.
The home is located at 446 E Queen Street in Chambersburg, Franklin County, Pennsylvania (17201). The units are served by all separate Borough utilities, which can simplify budgeting and tenant billing. A detached garage/shop and off-street parking add practical convenience for residents or tenants using the property.
For owner-occupants, the layout can support living in one portion while collecting rent from the other unit. For investors, the dual-unit configuration and separate utilities may help streamline operations compared with a shared-utility setup. The detached garage/shop and rear yard can also be attractive to tenants looking for additional space beyond typical in-unit areas. Seller terms include negotiation for buyer-specific contractor improvements to the house or garage, and the seller indicates owner-occupant financing may be possible with good credit.
The home is located at 446 E Queen Street in Chambersburg, Franklin County, Pennsylvania (17201). The units are served by all separate Borough utilities, which can simplify budgeting and tenant billing. A detached garage/shop and off-street parking add practical convenience for residents or tenants using the property.
For owner-occupants, the layout can support living in one portion while collecting rent from the other unit. For investors, the dual-unit configuration and separate utilities may help streamline operations compared with a shared-utility setup. The detached garage/shop and rear yard can also be attractive to tenants looking for additional space beyond typical in-unit areas. Seller terms include negotiation for buyer-specific contractor improvements to the house or garage, and the seller indicates owner-occupant financing may be possible with good credit.
Key Highlights
- Colonial‑style home with aluminum siding and baseboard/electric heating
- Detached garage/shop plus off‑street parking with spacious driveway
- Dual utility setup: all separate Borough utilities
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
$18,459
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
7.69%
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%
$369,180
$369.2K
Cap Rate 7%
$263,700
$263.7K
Cap Rate 9%
$205,100
$205.1K
Market Conditions
NOI Build-Up for 1,856 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
$28.5K $15.36/SF
− Vacancy
−$2.1K −$1.15/SF
EGI
$26.4K $14.21/SF
− OpEx
−$7.9K −$4.26/SF
NOI
$18.5K $9.95/SF
Area
Franklin County, PA
Vacancy
7.50%
Lease Rate
$15.36 /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%
$369,180
Cap Rate 7%
$263,700
Cap Rate 9%
$205,100
Alternative Uses
Best Use
Multifamily LT 5
$263.7K
$230.7K – $307.7K
NOI $18,459 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$238.1K
$208.4K – $277.8K
NOI $16,668 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
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 separate units with off-street parking, a spacious rear yard, and a detached garage/shop.
Where is this duplex located?
The property is located at 446 E QUEEN Street Chambersburg, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Colonial‑style home with aluminum siding and baseboard/electric heating; Detached garage/shop plus off‑street parking with spacious driveway; Dual utility setup: all separate Borough utilities
