Historic Farmhouse
8029 Molly Pitcher Highway Shippensburg, PA 17257
8029 Molly Pitcher Highway, Shippensburg, PA, 17257
$375,000
For Sale
$375,000
Two residences on one lot, including an attached two-story rental with separate 1-bedroom living space.
Property Size2,418 SF
Lot Size0.73 Acres
Price / SF$155.09
Days on Market416
Property Features for 8029 Molly Pitcher Highway
General Information
- Standard status
- Active
- Size
- 2,418 SF
- Lot size
- 0.73 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1854
Listing agency
Coldwell Banker Realty
(717) 609-3781
Listed by
Lisa Mack · License #RS314357
(717) 609-3781
Source
Compass
Added: Jun 1, 2025 Updated: Jul 20 at 7:29PM Checked: Jul 20 at 7:29PM
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
Investment Insights
Based on property information with market context.
This for-sale historic property features two homes under one roofline on a single lot, highlighted by a mid-1800s farmhouse with preserved interior details. The main home includes three bedrooms and 1.5 baths, original pine floors, and three brick fireplaces, along with a dedicated laundry room. A spacious front porch spans the farmhouse and the attached second residence.
The attached home is a modern two-story 1-bedroom, 1.5-bath setup and is currently rented. The farmhouse is connected by a breezeway to an oversized two-car garage with a working hot/cold water sink, a hot water tank, and two suspended heaters. Outdoor improvements include a detached summer kitchen with a stone fireplace, loft, and cellar below.
The property sits on a .73-acre lot backing to farmland and framed by mountain views. The detached summer kitchen and multiple fireplaces support a variety of practical uses beyond standard residential living.
The attached home is a modern two-story 1-bedroom, 1.5-bath setup and is currently rented. The farmhouse is connected by a breezeway to an oversized two-car garage with a working hot/cold water sink, a hot water tank, and two suspended heaters. Outdoor improvements include a detached summer kitchen with a stone fireplace, loft, and cellar below.
The property sits on a .73-acre lot backing to farmland and framed by mountain views. The detached summer kitchen and multiple fireplaces support a variety of practical uses beyond standard residential living.
Key Highlights
- 1854 farmhouse plus an attached, two‑story 1‑bedroom, 1.5‑bath residence on a single .73‑acre lot
- 3 bedrooms, 1.5 baths in the main farmhouse with 3 brick fireplaces
- Original pine floors throughout the main home (including under the carpet)
Local 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 | $34.8k | $14.40 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $32.9k | $13.59 |
| − OpEx | −$9.9k | −$4.08 |
| NOI | $23.0k | $9.51 |
2,418 SF · lease $14.40/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.7K
$287.6K – $383.4K
NOI $23,006 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$291.8K
$255.3K – $340.4K
NOI $20,423 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$561.7K
$491.5K – $655.3K
NOI $39,318 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residences on one lot, including an attached two-story rental with separate 1-bedroom living space.
Where is this duplex located?
The property is located at 8029 Molly Pitcher Highway Shippensburg, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1854 farmhouse plus an attached, two‑story 1‑bedroom, 1.5‑bath residence on a single .73‑acre lot; 3 bedrooms, 1.5 baths in the main farmhouse with 3 brick fireplaces; Original pine floors throughout the main home (including under the carpet)
