Two-Unit Duplex with Off-Street
714 S CATHERINE STREET, Middletown, PA 17057
For Sale
New
$224,900
Both residences offer two bedrooms, a full bath, and central air conditioning with heat pumps.
Property Size2,048 SF
Price / SF$109.81
Days on Market5
Property Features for 714 S CATHERINE STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 533-6222
Listed By:
Dani Louer · License PA RS302849
(717) 497-5529
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:09AM
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 Berkshire Hathaway HomeServices Homesale Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two 2-bedroom, 1-bath residences within 2,048 square feet. Both units have spacious rooms, central air conditioning, and heat pumps, with off-street parking available. The upper unit has recently received new paint and carpet.
The lower unit is occupied by a tenant of 11 years who would like to stay.
The lower unit is occupied by a tenant of 11 years who would like to stay.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 2,048 square feet; built in 1988
- Central A/C and heat pump in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,280
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,600
$365.6K
Cap Rate 7%
$261,143
$261.1K
Cap Rate 9%
$203,111
$203.1K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$28.3K $13.80/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$26.1K $12.75/SF
− OpEx
−$7.8K −$3.83/SF
NOI
$18.3K $8.93/SF
Area
Dauphin County, PA
Vacancy
7.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,600
Cap Rate 7%
$261,143
Cap Rate 9%
$203,111
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.5K – $304.7K
NOI $18,280 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$232.7K
$203.6K – $271.5K
NOI $16,290 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$449.7K
$393.5K – $524.7K
NOI $31,482 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 17057, PA
23,112
Population
10,513
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
743
Density / Sq Mi
$70,536
Median Household Income
$42,948
Median Earnings
$1,122
Median Rent
$187,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Dauphin County, PA
Properties on Market for Duplexes in Dauphin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, a full bath, and central air conditioning with heat pumps.
Where is this duplex located?
The property is located at 714 S CATHERINE STREET Middletown, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 2,048 square feet; built in 1988; Central A/C and heat pump in each unit
