Triplex with Private
New
For Sale
$345,000
5408 CARLISLE Pike, New Oxford, PA 17350
Multi-Family, NEW OXFORD, PA
Property Size3,640 SF
Lot Size0.21 Acres
Price / SF$94.78
Days on Market3
Property Features for 5408 CARLISLE Pike
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
7
Parking features
Garage - Attached, Driveway
Elementary school district
BERMUDIAN SPRINGS
Middle school district
BERMUDIAN SPRINGS
High school district
BERMUDIAN SPRINGS
Standard status
Active
Size
3,640 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2714
Utilities
Heating system
Baseboard, Hot Water(Heating), Forced Air, Electric (Heating)
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1830
Number of units
3
Building materials
Brick, Concrete, Block, Stick Built
Architectural style
Colonial
Listing Agency:
Keller Williams Keystone Realty · Keller Williams Realty
(717) 634-5921
Listed By:
Amber Crawford · License #RS344001
(717) 968-8236
Added: Sep 25
Last Checked: Sep 27 at 9:06AM
MLS# PAAD2025786
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 three-unit residential property contains approximately 3,640 square feet across three two-story residences, each with a separate entrance. Unit 1 has two bedrooms and one full bath; Unit 2 has three bedrooms and one and a half baths; and Unit 3 has three bedrooms and two full baths. Unit 3 also includes updated living space, central air, and garage access. All three units are occupied. The property has an attached garage and driveway parking, with baseboard, hot water, forced-air, and electric heating listed among its systems, along with central air and window-unit cooling.
The property sits on Carlisle Pike and is situated near New Oxford, Hanover, and Gettysburg. The site measures 0.21 acres, and the building dates to 1830.
The property sits on Carlisle Pike and is situated near New Oxford, Hanover, and Gettysburg. The site measures 0.21 acres, and the building dates to 1830.
Key Highlights
- Three two‑story residences, each with a private entrance
- All three units are occupied
- Approximately 3,640 square feet of living space on a 0.21‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,820
$335.8K
Cap Rate 7%
$239,871
$239.9K
Cap Rate 9%
$186,567
$186.6K
Market Conditions
NOI Build-Up for 3,640 SF
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.
Gross rent
$25.3K $6.96/SF
− Vacancy
−$1.3K −$0.37/SF
EGI
$24.0K $6.59/SF
− OpEx
−$7.2K −$1.98/SF
NOI
$16.8K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,820
Cap Rate 7%
$239,871
Cap Rate 9%
$186,567
Alternative Uses
Best Use
Multifamily LT 5
$239.9K
$209.9K – $279.9K
NOI $16,791 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$220.3K
$192.8K – $257.0K
NOI $15,421 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$670.4K
$586.6K – $782.2K
NOI $46,929 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 17350, PA
13,391
Population
5,600
Households
2.4
Avg Household Size
44
Median Age
21%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
302
Density / Sq Mi
$78,976
Median Household Income
$41,797
Median Earnings
$1,237
Median Rent
$234,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences generate rental income along Carlisle Pike, with access to New Oxford, Hanover, and Gettysburg.
Where is this triplex located?
The property is located at 5408 CARLISLE Pike New Oxford, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Three two‑story residences, each with a private entrance; All three units are occupied; Approximately 3,640 square feet of living space on a 0.21‑acre lot
