Two-Unit Duplex
For Sale
$229,900
Pending
636 3RD, Hanover, PA 17331
Stacked residential layout with separately metered utilities paid by the tenants.
Property Size1,248 SF
Days on Market51
Property Features for 636 3RD
General Information
Standard status
Pending
Size
1,248 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Neil J. Reichart · License #RS331270
(717) 465-7076
Source:
Cummingsrealtors
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 12 at 8:20PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This duplex contains two residential units arranged on separate levels within a 1,248-square-foot property built in 1925. Each apartment includes two bedrooms and one bathroom, creating matching floor plans across the building. Utilities are separately metered, and tenants are responsible for payment.
The property is located at 636 Third Street in Hanover, Pennsylvania, with access to the surrounding community and its everyday services.
The property is located at 636 Third Street in Hanover, Pennsylvania, with access to the surrounding community and its everyday services.
Key Highlights
- Two residential units arranged in an up‑and‑down configuration
- Each unit includes 2 bedrooms and 1 bathroom
- 1,248 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,383
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,660
$247.7K
Cap Rate 7%
$176,900
$176.9K
Cap Rate 9%
$137,589
$137.6K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$18.7K $15.00/SF
− Vacancy
−$1.0K −$0.83/SF
EGI
$17.7K $14.17/SF
− OpEx
−$5.3K −$4.25/SF
NOI
$12.4K $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%
$247,660
Cap Rate 7%
$176,900
Cap Rate 9%
$137,589
Alternative Uses
Best Use
Multifamily LT 5
$176.9K
$154.8K – $206.4K
NOI $12,383 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$164.3K
$143.8K – $191.7K
NOI $11,503 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$361.3K
$316.2K – $421.6K
NOI $25,294 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
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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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 - Stacked residential layout with separately metered utilities paid by the tenants.
Where is this duplex located?
The property is located at 636 3RD Hanover, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two residential units arranged in an up‑and‑down configuration; Each unit includes 2 bedrooms and 1 bathroom; 1,248 square feet of property size
