Recently Renovated Duplex
475-477 2nd Street Highspire, PA 17034
475-477 2nd Street, Highspire, PA, 17034
$450,000
For Sale
$450,000
Turnkey, fully leased duplex with recently renovated units generating continued rental income.
Property Size4,800 SF
Price / SF$93.75
Days on Market70
Property Features for 475-477 2nd Street
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1903
Listing agency
Commerical Industrial Realty Co, Inc.
(717) 992-5734
Listed by
Javier Andres Godoy · License #RS371645
(717) 992-5734
Source
Compass
Added: May 13 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 6:30AM
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 Commerical Industrial Realty Co, Inc.
Investment Insights
Based on property information with market context.
This property is a fully leased duplex at 475–477 2nd Street featuring recently renovated residential units. As a duplex, it provides two separate income-producing spaces under one ownership, with the landlord responsible for electric service.
The asset is located in the heart of Highspire Borough in Dauphin County. The listing is identified in the Highspire Boro area (14030) and is within the Steelton-Highspire school district.
For investors seeking a turn-key multifamily holding, the appeal here is straightforward: the duplex is already fully leased and has undergone recent renovations, reducing the need for immediate unit updates. With electric service handled by the landlord per the listing terms, prospective owners can underwrite operating costs using that factor. This is positioned as an opportunity to acquire a stabilized residential income property.
The asset is located in the heart of Highspire Borough in Dauphin County. The listing is identified in the Highspire Boro area (14030) and is within the Steelton-Highspire school district.
For investors seeking a turn-key multifamily holding, the appeal here is straightforward: the duplex is already fully leased and has undergone recent renovations, reducing the need for immediate unit updates. With electric service handled by the landlord per the listing terms, prospective owners can underwrite operating costs using that factor. This is positioned as an opportunity to acquire a stabilized residential income property.
Key Highlights
- Fully leased duplex with recently renovated units generating continued rental income
- Combination dining/living layout plus a breakfast area
- Bathroom includes tub/shower
Local Financial Insights For Apartment 5plus
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 | $75.5k | $15.72 |
| − Vacancy | −$6.0k | −$1.26 |
| EGI | $69.4k | $14.46 |
| − OpEx | −$31.2k | −$6.51 |
| NOI | $38.2k | $7.95 |
4,800 SF · lease $15.72/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.1K
$535.6K – $714.1K
NOI $42,844 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$545.4K
$477.3K – $636.4K
NOI $38,181 @ 7.0% cap · market cap 8.48%
Theoretical Best
Specialty Retail
$8.84M
$7.74M – $10.31M
NOI $618,840 @ 7.0% cap · market cap 137.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Turnkey, fully leased duplex with recently renovated units generating continued rental income.
Where is this duplex located?
The property is located at 475-477 2nd Street Highspire, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully leased duplex with recently renovated units generating continued rental income; Combination dining/living layout plus a breakfast area; Bathroom includes tub/shower
