Duplex with Heated
For Sale
$309,900
83 North Main Street, Dover, PA 17315
Two residential units offer updated interiors, flexible occupancy, central air, and rear parking within a fenced setting.
Property Size2,438 SF
Price / SF$127.11
Days on Market170
Property Features for 83 North Main Street
General Information
Standard status
Active
Size
2,438 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$36,000
Taxes and HOA fees
Annual Taxes
$4,118
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1857
Listing Agency:
House Broker Realty LLC
(717) 357-6180
Listed By:
Sherry Lease · License #RS332707
(717) 357-6180
Source:
Compass
Added: Mar 14
Changed: Aug 30
Last Checked: Aug 30 at 5:47AM
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 House Broker Realty LLC
Investment Insights
Based on property information with market context.
This 2,438-square-foot duplex in Dover includes two residential units and a separate oversized heated garage rental at the rear. The first unit has 3 bedrooms, 1 full bathroom, and central air, while the second provides 2 bedrooms and 1 full bathroom. Both apartments have received updates and are currently occupied under month-to-month leases.
The property includes a fenced backyard, rear off-street parking, and the additional garage space. Built in 1857 and zoned RESIDENTIAL, the building combines an established structure with multiple rental components. Its address is 83 North Main Street, Dover, PA 17315, within the Dover Area School District and York County.
The property includes a fenced backyard, rear off-street parking, and the additional garage space. Built in 1857 and zoned RESIDENTIAL, the building combines an established structure with multiple rental components. Its address is 83 North Main Street, Dover, PA 17315, within the Dover Area School District and York County.
Key Highlights
- Two residential units plus an oversized heated garage rental
- Unit one includes 3 bedrooms, 1 full bathroom, and central air
- Unit two offers 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,191
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,820
$483.8K
Cap Rate 7%
$345,586
$345.6K
Cap Rate 9%
$268,789
$268.8K
Market Conditions
NOI Build-Up for 2,438 SF
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.
Gross rent
$36.6K $15.00/SF
− Vacancy
−$2.0K −$0.83/SF
EGI
$34.6K $14.17/SF
− OpEx
−$10.4K −$4.25/SF
NOI
$24.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$483,820
Cap Rate 7%
$345,586
Cap Rate 9%
$268,789
Alternative Uses
Best Use
Multifamily LT 5
$345.6K
$302.4K – $403.2K
NOI $24,191 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$321.0K
$280.9K – $374.5K
NOI $22,471 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$705.9K
$617.7K – $823.5K
NOI $49,412 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 17315, PA
26,317
Population
11,442
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
58.1 sq mi
ZIP Area
453
Density / Sq Mi
$81,058
Median Household Income
$47,933
Median Earnings
$1,189
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated interiors, flexible occupancy, central air, and rear parking within a fenced setting.
Where is this duplex located?
The property is located at 83 North Main Street Dover, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two residential units plus an oversized heated garage rental; Unit one includes 3 bedrooms, 1 full bathroom, and central air; Unit two offers 2 bedrooms and 1 full bathroom
