Updated 3-Unit
New
For Sale
$340,000
802 N PITT STREET, Carlisle, PA 17013
Vacant and separately metered, the property includes laundry and stainless steel appliances.
Property Size2,795 SF
Price / SF$121.65
Days on Market4
Property Features for 802 N PITT STREET
General Information
Standard status
Active
Size
2,795 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1916
Listing Agency:
Coldwell Banker Realty
(717) 761-4800
Listed By:
Allison K Hanson · License #RS343886
(717) 712-2736
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:55PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,795-square-foot triplex, built in 1916, contains three units and has updated flooring and fresh interior paint. Laundry equipment and stainless steel appliances are included. The units are separately metered, and the property is vacant and described as borough rental-ready. It does not have central air conditioning.
The property is within walking and biking distance of Carlisle Fairgrounds, restaurants, shops, cafes, galleries, parks, trails, Dickinson College, and the Cumberland County Courthouse. I-81 provides access toward Harrisburg and Chambersburg.
The property is within walking and biking distance of Carlisle Fairgrounds, restaurants, shops, cafes, galleries, parks, trails, Dickinson College, and the Cumberland County Courthouse. I-81 provides access toward Harrisburg and Chambersburg.
Key Highlights
- Three‑unit property with 2,795 square feet
- Separate meters for the units
- Updated LVP flooring, fresh paint, laundry equipment, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,593
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,860
$531.9K
Cap Rate 7%
$379,900
$379.9K
Cap Rate 9%
$295,478
$295.5K
Market Conditions
NOI Build-Up for 2,795 SF
Gross rent
$40.2K $14.40/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$38.0K $13.59/SF
− OpEx
−$11.4K −$4.08/SF
NOI
$26.6K $9.51/SF
Area
Cumberland County, PA
Vacancy
5.61%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,860
Cap Rate 7%
$379,900
Cap Rate 9%
$295,478
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,593 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$337.3K
$295.1K – $393.5K
NOI $23,608 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$649.3K
$568.1K – $757.5K
NOI $45,448 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 17013, PA
36,578
Population
16,065
Households
2.3
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
39.2 sq mi
ZIP Area
933
Density / Sq Mi
$68,150
Median Household Income
$36,336
Median Earnings
$1,018
Median Rent
$221,800
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
Frequently Asked Questions
What type of property is this?
Triplex - Vacant and separately metered, the property includes laundry and stainless steel appliances.
Where is this triplex located?
The property is located at 802 N PITT STREET Carlisle, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Three‑unit property with 2,795 square feet; Separate meters for the units; Updated LVP flooring, fresh paint, laundry equipment, and stainless steel appliances
