Side-by-Side
New
For Sale
$230,000
524 & 526 S SECOND Street, Chambersburg, PA 17201
Multi-Family, CHAMBERSBURG, PA
Property Size1,920 SF
Lot Size0.25 Acres
Price / SF$119.79
Days on Market3
Property Features for 524 & 526 S SECOND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Elementary school district
CHAMBERSBURG AREA
Middle school district
CHAMBERSBURG AREA
High school district
CHAMBERSBURG AREA
Standard status
Active
Size
1,920 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
1800
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
RE/MAX 1st Advantage · RE/MAX International
(717) 591-5555
Listed By:
Thomas B Mongold · License #RS216175L
(717) 729-6290
Added: Oct 5
Last Checked: Oct 7 at 11:06PM
MLS# PAFL2038130
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 side-by-side duplex contains two residences, each with three bedrooms, across 1,920 square feet. The building was constructed in 1900 and has vinyl siding, forced-air heat, and a basement. Each side is tenant occupied, and showings require 48 hours’ notice.
The property occupies a 0.25-acre lot at 524 and 526 S Second Street in Chambersburg, Pennsylvania. Off-street parking is available, and utilities are separately metered between the residences.
The property occupies a 0.25-acre lot at 524 and 526 S Second Street in Chambersburg, Pennsylvania. Off-street parking is available, and utilities are separately metered between the residences.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms
- 1,920 square feet on a 0.25‑acre lot
- Utilities are separated between the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,096
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,920
$381.9K
Cap Rate 7%
$272,800
$272.8K
Cap Rate 9%
$212,178
$212.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$29.5K $15.36/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$27.3K $14.21/SF
− OpEx
−$8.2K −$4.26/SF
NOI
$19.1K $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 Rate 5%
$381,920
Cap Rate 7%
$272,800
Cap Rate 9%
$212,178
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,096 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$465.5K
$407.4K – $543.1K
NOI $32,588 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
905
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
Check the figures for this property
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?
Duplex - Two three-bedroom residences have separate utility services and off-street parking.
Where is this duplex located?
The property is located at 524 & 526 S SECOND Street Chambersburg, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms; 1,920 square feet on a 0.25‑acre lot; Utilities are separated between the units
