155 North Hanover St. Carlisle, PA 17013

$500,000
1
Beds
1
Baths
0.06
Acres
2,614
SQFT
191
$/SQFT
$500,000
1
Beds
1
Baths
2,614   sf
$191 / sf
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155–157 N Hanover St, Carlisle, PA 17013 — Value-Add 5-Unit with Upside + Commercial OpportunityPositioned 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.

155–157 N Hanover St, Carlisle, PA 17013 — Value-Add 5-Unit with Upside + Commercial OpportunityPositioned 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Cumberland
  • Area
    Carlisle Boro
  • Tax Amount
    $4,572
  • Status
    Active
  • Listing #
    PACB2050566
  • Built
    1900
  • Lot Size
    0.06
  • Listed on site
    99 days
  • Listing Agent Id
    300275284285

Listed by:
Ehring & Co.

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Electric
  • Main Floor Bedroom

Style

  • Traditional
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