Updated Short-Term Rental
For Sale
$730,000
Pending
47 MILLARD RD, Hershey, PA 17033
Operating Airbnb with a renovated kitchen, stainless appliances, durable flooring, and contemporary interior finishes.
Property Size3,150 SF
Days on Market58
Property Features for 47 MILLARD RD
General Information
Standard status
Pending
Size
3,150 SF
Property subtype
Multi-family
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 245-2100
Listed By:
HEATHER ANN NEIDLINGER · License #AB066821
(717) 226-2875
Source:
Davidyungmann.myrealestateplatform
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 12 at 7:58PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This short-term rental property is currently operating as an Airbnb and features a refreshed interior designed for guest use. Improvements include a modern kitchen with updated cabinetry, stainless steel appliances, and durable flooring. Contemporary finishes are balanced by retained character, creating a comfortable residential setting.
The property is located at 47 Millard Road in Hershey, Pennsylvania, and may be acquired on its own or together with the adjoining home. That purchase flexibility supports either a standalone short-term rental arrangement or a combined residential property configuration, subject to the buyer’s intended use.
The property is located at 47 Millard Road in Hershey, Pennsylvania, and may be acquired on its own or together with the adjoining home. That purchase flexibility supports either a standalone short-term rental arrangement or a combined residential property configuration, subject to the buyer’s intended use.
Key Highlights
- Currently operating as an Airbnb
- Updated kitchen with modern cabinetry
- Stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,056
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,120
$501.1K
Cap Rate 7%
$357,943
$357.9K
Cap Rate 9%
$278,400
$278.4K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$49.5K $15.72/SF
− Vacancy
−$4.0K −$1.26/SF
EGI
$45.6K $14.46/SF
− OpEx
−$20.5K −$6.51/SF
NOI
$25.1K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,120
Cap Rate 7%
$357,943
Cap Rate 9%
$278,400
Alternative Uses
Best Use
Apartment 5plus
$357.9K
$313.2K – $417.6K
NOI $25,056 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.80M
$5.08M – $6.77M
NOI $406,114 @ 7.0% cap · market cap 55.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Operating Airbnb with a renovated kitchen, stainless appliances, durable flooring, and contemporary interior finishes.
Where is this short term rental property located?
The property is located at 47 MILLARD RD Hershey, PA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Currently operating as an Airbnb; Updated kitchen with modern cabinetry; Stainless steel kitchen appliances
