Side-by-Side Duplex with Separate
611-613 WALNUT BOTTOM ROAD Shippensburg, PA 17257
New
For Sale
$330,000
Side-by-side duplex with two deeded units, each with 3 bedrooms and 1.5 baths, plus covered porches and off-street parking.
Property Size2,382 SF
Price / SF$138.54
Days on Market7
Property Features for 611-613 WALNUT BOTTOM ROAD
General Information
Standard status
Active
Size
2,382 SF
Property subtype
Duplex
Building Details
Year Built
1900
Listing Agency:
Century 21 A Better Way
(717) 385-4039
Listed By:
VINCENT MELLOTT · License #RM420365
(717) 385-4039
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 29 at 6:03AM
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 Century 21 A Better Way
Investment Insights
Based on property information with market context.
This side-by-side duplex consists of two separately deeded properties sold together. Each unit features three bedrooms and one and a half baths, with the potential for additional sleeping space depending on how interior rooms are used. Updates include work completed to kitchens, bathrooms, flooring, and paint. Both sides offer a covered front porch and a rear deck or patio area.
The property provides off-street parking, including a recently installed driveway from the rear alley, parking adjacent to the building, and space in a detached garage and carport. Utilities are completely separate between the two units, supporting independent occupancy. The current owner pays trash, with the possibility it could be billed to tenant(s).
The property provides off-street parking, including a recently installed driveway from the rear alley, parking adjacent to the building, and space in a detached garage and carport. Utilities are completely separate between the two units, supporting independent occupancy. The current owner pays trash, with the possibility it could be billed to tenant(s).
Key Highlights
- Side‑by‑side duplex with two separately deeded units sold together
- Each unit features 3 bedrooms and 1.5 baths
- Updates include renovated kitchens and bathrooms, plus new flooring and paint
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $14.40 |
| − Vacancy | −$1.9k | −$0.81 |
| EGI | $32.4k | $13.59 |
| − OpEx | −$9.7k | −$4.08 |
| NOI | $22.7k | $9.51 |
2,382 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$287.4K
$251.5K – $335.3K
NOI $20,119 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$553.3K
$484.2K – $645.5K
NOI $38,732 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two deeded units, each with 3 bedrooms and 1.5 baths, plus covered porches and off-street parking.
Where is this duplex located?
The property is located at 611-613 WALNUT BOTTOM ROAD Shippensburg, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two separately deeded units sold together; Each unit features 3 bedrooms and 1.5 baths; Updates include renovated kitchens and bathrooms, plus new flooring and paint
