Updated Duplex Investment
For Sale
$750,000
47 MILLARD Road, Hershey, PA 17033
MULTI_FAMILY - Other - HERSHEY, PA
Property Size3,150 SF
Lot Size0.25 Acres
Price / SF$238.10
Days on Market49
Property Features for 47 MILLARD Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Garage - Detached, Driveway, Off Street
Subdivision
NONE AVAILABLE
High school
HERSHEY HIGH SCHOOL
Elementary school district
DERRY TOWNSHIP
Middle school district
DERRY TOWNSHIP
High school district
DERRY TOWNSHIP
Standard status
Active
Size
3,150 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
3396
Utilities
Heating system
Baseboard, Forced Air, Hot Water(Heating)
Cooling system
Ductless
Building Details
Year built
1900
Number of units
2
Building materials
Frame
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 245-2100
Listed By:
HEATHER ANN NEIDLINGER · License #AB066821
(717) 226-2875
Added: Jun 18
Changed: Jul 27
Last Checked: Aug 5 at 1:06AM
MLS# PADA2061078
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 updated duplex residence offers modern interior upgrades, including an updated kitchen with stylish cabinetry, stainless steel appliances, and durable flooring. The property is currently operating as an Airbnb.
The home is located at 47 Millard Road in Hershey, Pennsylvania (Dauphin County). The listing also notes the property can be purchased individually or together with the adjoining home.
The layout and improvements support use as short-term rental space as currently operated, with the added flexibility described for multi-generational living arrangements through purchase of the adjoining home.
The home is located at 47 Millard Road in Hershey, Pennsylvania (Dauphin County). The listing also notes the property can be purchased individually or together with the adjoining home.
The layout and improvements support use as short-term rental space as currently operated, with the added flexibility described for multi-generational living arrangements through purchase of the adjoining home.
Key Highlights
- Frame construction with ductless cooling and baseboard, forced air, and hot water heating
- Detached garage plus driveway and off‑street parking
- Built in 1900
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 | $43.5k | $13.80 |
| − Vacancy | −$3.3k | −$1.05 |
| EGI | $40.2k | $12.75 |
| − OpEx | −$12.0k | −$3.83 |
| NOI | $28.1k | $8.93 |
3,150 SF · lease $13.80/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.6K
NOI $28,116 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$357.9K
$313.2K – $417.6K
NOI $25,056 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$5.80M
$5.08M – $6.77M
NOI $406,114 @ 7.0% cap · market cap 54.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
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 - Updated duplex residence with a kitchen featuring stainless steel appliances and durable flooring, currently operating as an Airbnb.
Where is this duplex located?
The property is located at 47 MILLARD Road Hershey, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Frame construction with ductless cooling and baseboard, forced air, and hot water heating; Detached garage plus driveway and off‑street parking; Built in 1900
