Side-by-Side Duplex with
For Sale
$275,000
532- 532 1/2 BROADWAY, Hanover, PA 17331
Two attached residences feature three-bedroom layouts, forced-air heating, and convenient access to shopping and major routes.
Property Size2,392 SF
Price / SF$114.97
Days on Market180
Property Features for 532- 532 1/2 BROADWAY
General Information
Standard status
Active
Size
2,392 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Gross Income
$28,800
Amenities
Forced Air
Slate
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Keystone Realty
Listed By:
Amber Crawford · License #RS344001
(717) 968-8236
Source:
Kw
Added: Apr 20
Changed: Oct 15
Last Checked: Oct 16 at 5:49AM
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 Keller Williams Keystone Realty
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Investment Insights
Based on property information with market context.
This duplex at 532–532 1/2 Broadway includes two adjoining three-bedroom residences totaling 2,392 square feet. The property was built in 1900 and features forced-air heating, slate exterior elements, and three garage spaces serving the building.
The Hanover, PA property is positioned near shopping and major routes. Its two-unit layout and existing garage capacity provide a straightforward configuration for residential occupancy or rental use, subject to applicable requirements.
The Hanover, PA property is positioned near shopping and major routes. Its two-unit layout and existing garage capacity provide a straightforward configuration for residential occupancy or rental use, subject to applicable requirements.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms
- 2,392 square feet across the duplex
- 3 garage spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,735
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,700
$474.7K
Cap Rate 7%
$339,071
$339.1K
Cap Rate 9%
$263,722
$263.7K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$35.9K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$33.9K $14.17/SF
− OpEx
−$10.2K −$4.25/SF
NOI
$23.7K $9.92/SF
Area
York County, PA
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,700
Cap Rate 7%
$339,071
Cap Rate 9%
$263,722
Alternative Uses
Best Use
Multifamily LT 5
$339.1K
$296.7K – $395.6K
NOI $23,735 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$315.0K
$275.6K – $367.5K
NOI $22,047 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$692.6K
$606.0K – $808.0K
NOI $48,480 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 17331, PA
55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences feature three-bedroom layouts, forced-air heating, and convenient access to shopping and major routes.
Where is this duplex located?
The property is located at 532- 532 1/2 BROADWAY Hanover, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms; 2,392 square feet across the duplex; 3 garage spaces included
