Side-by-Side
New
For Sale
$230,000
524 & 526 S SECOND STREET, Chambersburg, PA 17201
Both residences have three bedrooms, separate utility services, and off-street parking.
Property Size1,920 SF
Price / SF$119.79
Days on Market3
Property Features for 524 & 526 S SECOND STREET
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
off-street parking
Building Details
Year Built
1900
Listing Agency:
RE/MAX 1st Advantage
(717) 591-5555
Listed By:
Thomas B Mongold · License #RS216175L
(717) 729-6290
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:33PM
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 RE/MAX 1st Advantage
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,920 square feet, with three bedrooms in each residence. Utility service is separately metered or arranged for each side, and off-street parking is provided. The building dates to 1900.
Both units are tenant occupied. Showings require 48 hours’ notice.
Both units are tenant occupied. Showings require 48 hours’ notice.
Key Highlights
- Side‑by‑side duplex with 3 bedrooms in each unit
- 1,920 square feet of building area
- 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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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 - Both residences have three bedrooms, 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: Side‑by‑side duplex with 3 bedrooms in each unit; 1,920 square feet of building area; Utilities are separated between the units
