Mixed-Use Building with
For Sale
$429,900
504 BALTIMORE Street, Gettysburg, PA 17325
Multi-Family, GETTYSBURG, PA
Property Size2,968 SF
Lot Size0.24 Acres
Price / SF$144.85
Days on Market819
Property Features for 504 BALTIMORE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
5
Parking features
Parking Lot
Interior features
2nd Kitchen, Attic, Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Carpet, Floor Plan - Traditional
Appliances
Built-In Range, Refrigerator
Subdivision
GETTYSBURG
High school
GETTYSBURG AREA
Elementary school district
GETTYSBURG AREA
Middle school district
GETTYSBURG AREA
High school district
GETTYSBURG AREA
Standard status
Active
Size
2,968 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
4908
Utilities
Heating system
Baseboard, Other (Heating), Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Amenities
glass display case
check-out counter
full bath
natural gas
central air
victorian bump-out display windows
updated flooring
rear storage room
Full basement
separately metered electric
private paved parking lot
rear yard
Driveway entrance features it own red light for easy ingress/egress
Building Details
Year built
1900
Number of units
3
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
RE/MAX of Gettysburg
(717) 338-0881
Listed By:
Alycia N Hays · License #RS293391
(717) 752-5697
Added: Jul 20, 2024
Changed: Oct 2
Last Checked: Oct 16 at 8:06PM
MLS# PAAD2014010
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.
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Investment Insights
Based on property information with market context.
This 2,968-square-foot mixed-use property combines a street-level storefront with two apartments on the second floor. The 1,450-square-foot retail area includes a full bath, central air, natural gas, a checkout counter, and display windows. One apartment has two bedrooms, a living room, dining area, and kitchen; the other is a one-bedroom efficiency with a kitchen. A rear storage room and full basement provide additional space, and the building has separately metered electric service.
The property sits in Gettysburg’s downtown historic and tourist district on a 0.24-acre lot. A private paved parking area provides five spaces, with driveway access controlled by a traffic signal. The exterior includes vinyl siding and architectural shingles installed in 2021, with a stated 35-year life. The storefront is leased on a two-year term, one apartment is occupied month-to-month, and the efficiency apartment has a one-year lease.
The property sits in Gettysburg’s downtown historic and tourist district on a 0.24-acre lot. A private paved parking area provides five spaces, with driveway access controlled by a traffic signal. The exterior includes vinyl siding and architectural shingles installed in 2021, with a stated 35-year life. The storefront is leased on a two-year term, one apartment is occupied month-to-month, and the efficiency apartment has a one-year lease.
Key Highlights
- 2,968‑square‑foot mixed‑use building with 1,450‑square‑foot storefront
- Two second‑floor apartments: one two‑bedroom unit and one one‑bedroom efficiency
- Five spaces in a private paved parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,719
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,380
$614.4K
Cap Rate 7%
$438,843
$438.8K
Cap Rate 9%
$341,322
$341.3K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$53.4K $18.00/SF
− Vacancy
−$4.3K −$1.44/SF
EGI
$49.2K $16.56/SF
− OpEx
−$18.4K −$6.21/SF
NOI
$30.7K $10.35/SF
Area
Adams County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,380
Cap Rate 7%
$438,843
Cap Rate 9%
$341,322
Alternative Uses
Best Use
Mixed Use
$438.8K
$384.0K – $512.0K
NOI $30,719 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with two upstairs apartments and private on-site parking.
Where is this mixed-use property located?
The property is located at 504 BALTIMORE Street Gettysburg, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,968‑square‑foot mixed‑use building with 1,450‑square‑foot storefront; Two second‑floor apartments: one two‑bedroom unit and one one‑bedroom efficiency; Five spaces in a private paved parking area
