Chambersburg Duplex For
765 Fairground Avenue Chambersburg, PA 17201
765 Fairground Avenue, Chambersburg, PA, 17201
$229,900
For Sale
$229,900
Tenant-occupied duplex in Chambersburg, Franklin County.
Property Size2,176 SF
Price / SF$105.65
Days on Market132
Property Features for 765 Fairground Avenue
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
RE/MAX 1st Advantage
(717) 729-6290
Listed by
Thomas B Mongold · License #RS216175L
(717) 729-6290
Source
Compass
Added: Mar 12 Updated: Jul 10 at 12:11PM Checked: Jul 21 at 6:25AM
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 RE/MAX 1st Advantage
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is located in Chambersburg, Franklin County. The property is situated within the Chambersburg Boro MLS Area (14502) and is part of the Chambersburg Area School District. The property size is 2176 square feet. Showings require a 48-hour notice.
Key Highlights
- Located in Chambersburg Boro (14502)
- Situated in FRANKLIN County
- Part of the CHAMBERSBURG AREA School District
Local Financial Insights For Apartment 5plus
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 | $38.1k | $17.52 |
| − Vacancy | −$2.6k | −$1.19 |
| EGI | $35.5k | $16.33 |
| − OpEx | −$16.0k | −$7.35 |
| NOI | $19.5k | $8.98 |
2,176 SF · lease $17.52/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.2K
$270.5K – $360.7K
NOI $21,642 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,542 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Tenant-occupied duplex in Chambersburg, Franklin County.
Where is this duplex located?
The property is located at 765 Fairground Avenue Chambersburg, 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: Located in Chambersburg Boro (14502); Situated in FRANKLIN County; Part of the CHAMBERSBURG AREA School District
