155 N Hanover St, Carlisle, PA 17013
- $459,900
- List Price
- $459,900
- Price Change
- ▼ $40,000 1782849130
- Days on Market
- 94
- Status
- ACTIVE
- MLS#
- PACB2053172
- Lot Size (Acres)
- 0.06
- Year Built
- 1900
- County
- Cumberland
- School District
- Carlisle Area
Property Description
155–157 N Hanover St, Carlisle, PA 17013 — Value-Add 5-Unit with Upside + Commercial Opportunity Positioned on N Hanover St in downtown Carlisle, 155–157 N Hanover St is a 6-unit asset with immediate cash flow and clear upside through lease optimization and commercial repositioning. The property currently features four occupied residential apartments and a vacant commercial suite (marketed at $2,500/mo)—creating a compelling path to lift income through lease-up and/or re-tenanting of the commercial space. Financially, the offering supports $56,040 in potential rental income, $54,040 in effective rental income, and a Net Operating Income (NOI) of $37,184 with a manageable expense profile. Current occupancy is 80% as presented on the rent roll, driven by the commercial vacancy—making this a strong candidate for buyers seeking both stabilized income and a near-term value-add execution. Professionally managed by Ehring & Co., a premier boutique property management company based in Harrisburg, PA, with systems and reporting in place for a clean transition and continued operational consistency.
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Additional Information
- Area
- Carlisle Boro (14402)
- Taxes
- $4572
- School District
- Carlisle Area
- High School
- Carlisle Area
- Heating
- Baseboard - Hot Water, Radiant, Baseboard - Electric
- Heating Fuel
- Natural Gas, Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Ehring & Co.. Contact: 7172561006