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    Hanover, PA Multifamily Properties for Sale

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    Hanover Borough Multi-Unit Investment
    Updated: May 30
    Hanover Borough Multi-Unit Investment

    1228 BROADWAY, Hanover, PA 17331

    $285,000
    2,674 sqft 0.31 AC lot
    Solid 2‑unit property with concrete block and brick facade
    Unit 1: 1 bedroom on the main level with full bath, large eat‑in kitchen and walk‑in pantry
    Unit 2: 3 bedrooms across the 2nd and 3rd floors with full bath, kitchen/dining area and small office space or walk‑in pantry
    Both units offer ample closet space, plus basement storage and laundry hookups
    Off‑street parking for tenants and guests
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1228 BROADWAY, HANOVER, PA 17331

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $25K
      Annual

    • Price @ 7% Cap

      $352K
      Above asking

    • Property Type

      Duplex
      Built 1900
    View Property Analytics
    Two-Unit Residential Income Duplex
    Updated: Jul 10
    Two-Unit Residential Income Duplex

    544 YORK Street, Hanover, PA 17331

    $239,900
    2,718 sqft 0.21 AC lot
    Two‑unit home with exterior access to each unit (downstairs and upstairs)
    Lower unit: 3 bedrooms, 1 full bath, 1,471 SF, plus access to a fully concrete basement
    Upper unit: 3 bedrooms, 1 full bath, 1,247 SF and would need appliances to be rent ready
    Built in 1897 with a Colonial architectural style; construction materials include frame and masonry
    Heating: hot water; cooling: window unit(s)
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    Brick Mixed-Use Building
    Brick Mixed-Use Building

    318 CARLISLE Street, Hanover, PA 17331

    $425,000
    6,891 sqft 0.33 AC lot

    All-brick mixed-use building with a leased retail storefront and two second-floor two-bedroom apartments.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    1228 Broadway, Hanover, PA 17331

    $285,000
    2,674 sqft

    A versatile two-unit home with separate living areas, basement laundry hookups, and off-street parking for tenants or owner-occupants.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Duplex with Two Separate Entrances
    Duplex with Two Separate Entrances

    30 W MIDDLE Street, Hanover, PA 17331

    $214,000
    1,828 sqft 0.09 AC lot

    Duplex features two identical 2-bed, 1-bath units, with separate entrances and off-street parking.

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    Spacious 2-Unit Duplex with Parking
    Spacious 2-Unit Duplex with Parking

    117 BALTIMORE Street, Hanover, PA 17331

    $235,000
    2,593 sqft 0.16 AC lot

    Two separate units with independent utilities, wood floors, and newer kitchens, plus off-street parking and carports.

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    Mixed-Use Retail and Residential Property
    Mixed-Use Retail and Residential Property

    512 Broadway, Hanover, PA 17331

    $500,000

    Owner-operator friendly storefront with three two-bedroom units and eight-space parking lot.

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    Based on your search, we've compiled 37 Potential Opportunities for your consideration. Besides 7 Active listings in Hanover, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 22 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Detached Duplex With Garage Rental
    Detached Duplex With Garage Rental

    1498 W POPLAR Terrace, York, PA 17404

    $250,000
    2,500 sqft 0.14 AC lot

    Two fully detached residences on one parcel, plus an additional garage storage rental with separate fenced yard areas.

    View details
    Duplex Residential Income Property
    Duplex Residential Income Property

    144 E MIDDLE Street, Gettysburg, PA 17325

    $250,000
    1,992 sqft 0.13 AC lot

    Duplex with two units, each featuring two bedrooms, one full bath, and a front and back porch.

    View details
    Mixed-Use Retail with Apartments
    Mixed-Use Retail with Apartments

    504 BALTIMORE Street, Gettysburg, PA 17325

    $429,900
    2,968 sqft 0.24 AC lot

    Street-level retail with a full bath and central air, plus two separately leased upstairs apartments and paved parking.

    View details
    Updated Two-Bedroom Condo with Patio
    Updated Two-Bedroom Condo with Patio

    27 WESTVIEW MNR MNR #27, York, PA 17408

    $216,500

    Move-in ready 2-bedroom, 2-bath condominium with a stamped concrete patio and attached one-car garage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Land with Existing Septic and Well
    Land with Existing Septic and Well

    18531 Blackberry dr, Three Springs, PA 17264

    $38,900
    1.78 AC lot

    Nearly two acres in Three Springs with an in-place septic and well, plus an opportunity to fix or replace the existing mobile home.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Camelback Resort
    Land Near Camelback Resort

    250 Big Hill Pass, Scotrun, PA 18355

    Contact for pricing
    0.18 AC lot

    Open lot near Camelback, suitable for RV, tiny home, or mobile.

    View details

    Off-Market Properties in Hanover, PA

    Consider similar Off-Market properties in Hanover, PA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    405 Carlisle St
    BOARDING/ROOMING HOUSE

    405 Carlisle St, Hanover, PA 17331-2167

    Value Estimation by Request
    4,920 sqft 0.34 AC lot
    View details
    620 Middle St
    BOARDING/ROOMING HOUSE

    620 Middle St, Hanover, PA 17331-2031

    Value Estimation by Request
    1,200 sqft 0.26 AC lot
    View details
    201 Frederick St
    BOARDING/ROOMING HOUSE

    201 Frederick St, Hanover, PA 17331-3671

    Value Estimation by Request
    4,638 sqft 0.28 AC lot
    View details
    146 Carlisle St
    BOARDING/ROOMING HOUSE

    146 Carlisle St, Hanover, PA 17331-2406

    $515,000
    Estimated value
    11,200 sqft 0.31 AC lot
    View details
    572 Broadway
    BOARDING/ROOMING HOUSE

    572 Broadway, Hanover, PA 17331-2075

    Value Estimation by Request
    2,100 sqft 0.14 AC lot
    View details
    100 3rd St
    BOARDING/ROOMING HOUSE

    100 3rd St, Hanover, PA 17331-2474

    Value Estimation by Request
    3,714 sqft 0.30 AC lot
    View details
    11 York St
    HIGH-RISE APARTMENTS

    11 York St, Hanover, PA 17331-3103

    $2,700,000
    Estimated value
    30,396 sqft 0.23 AC lot
    View details
    618 Middle St
    BOARDING/ROOMING HOUSE

    618 Middle St, Hanover, PA 17331-2031

    Value Estimation by Request
    1,788 sqft 0.26 AC lot
    View details
    948 Broadway
    BOARDING/ROOMING HOUSE

    948 Broadway, Hanover, PA 17331-1613

    Value Estimation by Request
    1,888 sqft 0.33 AC lot
    View details
    Park St
    CAMPGROUND, RV PARK

    Park St, Hanover, PA 17331

    Value Estimation by Request
    3.17 AC lot
    View details
    1232 Baltimore St
    MOBILE HOME PARK, TRAILER PARK

    1232 Baltimore St, Hanover, PA 17331-4405

    Value Estimation by Request
    420 sqft 1.16 AC lot
    View details
    10 Lafayette St
    BOARDING/ROOMING HOUSE

    10 Lafayette St, Hanover, PA 17331-3949

    $610,000
    Estimated value
    17,496 sqft 0.91 AC lot
    View details
    417 Baltimore St
    BOARDING/ROOMING HOUSE

    417 Baltimore St, Hanover, PA 17331-3312

    Value Estimation by Request
    2,379 sqft 0.16 AC lot
    View details
    Granger St
    MOBILE HOME PARK, TRAILER PARK

    Granger St, Hanover, PA 17331

    Value Estimation by Request
    0.52 AC lot
    View details
    Granger St
    MOBILE HOME PARK, TRAILER PARK

    Granger St, Hanover, PA 17331

    Value Estimation by Request
    0.31 AC lot
    View details
    Wirt Ave
    MOBILE HOME PARK, TRAILER PARK

    Wirt Ave, Hanover, PA 17331

    Value Estimation by Request
    0.30 AC lot
    View details
    13 Wirt Ave
    MOBILE HOME PARK, TRAILER PARK

    13 Wirt Ave, Hanover, PA 17331-4144

    Value Estimation by Request
    1,152 sqft 0.30 AC lot
    View details

    Hanover, PA Multifamily Properties Market Trends and Statistics

    Explore 29 multifamily properties for sale in Hanover, PA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 19,378 square feet of properties for sale, with an estimated market value of $1,683,900.

    Sale prices for multifamily properties in Hanover, PA start at $214,000, averaging $280,650, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Triplexes 1

    Demographics Overview

    Population 55K
    Population Growth (5Y) +7.2%
    Median Household Income $76,661
    College Educated 6.1%

    High-Yield Neighborhoods for Investment

    Identify Hanover submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    17331 $281.8K

    Taxes & Financing

    Tax Rate (average for all types) 3.07%
    Property Tax per SF $45.59 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in York County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hanover fall within the 100,000+ square foot range.

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    Trone Rental Properties, LLC
    Hanover, PA 17331
    RE/MAX Quality Service
    Hanover, PA 17331
    www.remax.com/

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