Two-Bedroom Residential Income
New
For Sale
$239,900
8431 HILTON STREET, Hummelstown, PA 17036
Open-plan home with a private balcony, modern kitchen appliances, and association-maintained exterior services.
Property Size1,163 SF
Price / SF$206.28
Days on Market3
Property Features for 8431 HILTON STREET
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
private balcony
lawn care
snow removal
trash services
Building Details
Year Built
2018
Listing Agency:
Coldwell Banker Realty
(717) 534-2442
Listed By:
Daniel Hench · License #RS352574
(717) 395-7257
Source:
Cummingsrealtors
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 2:27PM
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.
Built in 2018, this 1,163-square-foot residential income property offers two bedrooms and two bathrooms in an open layout connecting the living and dining areas. The kitchen includes a built-in microwave, dishwasher, and electric oven/range, while ceiling fans, window treatments, luxury vinyl plank, and carpet flooring add practical interior features. A private balcony extends the living area outdoors.
The property is located at 8431 Hilton Street in Hummelstown, Pennsylvania, within the Summit View community. Association services include lawn care, snow removal, and trash collection. The home is also situated near parks, shopping, and dining.
The property is located at 8431 Hilton Street in Hummelstown, Pennsylvania, within the Summit View community. Association services include lawn care, snow removal, and trash collection. The home is also situated near parks, shopping, and dining.
Key Highlights
- 2 bedrooms and 2 bathrooms in a 1,163‑square‑foot home
- Built in 2018
- Open layout linking the living and dining areas
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
$9,251
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
3.86%
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%
$185,020
$185.0K
Cap Rate 7%
$132,157
$132.2K
Cap Rate 9%
$102,789
$102.8K
Market Conditions
NOI Build-Up for 1,163 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
$18.3K $15.72/SF
− Vacancy
−$1.5K −$1.26/SF
EGI
$16.8K $14.46/SF
− OpEx
−$7.6K −$6.51/SF
NOI
$9.3K $7.95/SF
Area
Dauphin County, PA
Vacancy
8.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$185,020
Cap Rate 7%
$132,157
Cap Rate 9%
$102,789
Alternative Uses
Best Use
Apartment 5plus
$132.2K
$115.6K – $154.2K
NOI $9,251 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,940 @ 7.0% cap · market cap 62.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 17036, PA
24,146
Population
9,812
Households
2.5
Avg Household Size
41
Median Age
60%
College-Educated
97%
High-School Grad
28.1 sq mi
ZIP Area
859
Density / Sq Mi
$105,043
Median Household Income
$60,004
Median Earnings
$1,362
Median Rent
$316,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan home with a private balcony, modern kitchen appliances, and association-maintained exterior services.
Where is this residential income property located?
The property is located at 8431 HILTON STREET Hummelstown, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in a 1,163‑square‑foot home; Built in 2018; Open layout linking the living and dining areas
