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GEORGE WOODS

george@georgewoodsteam.com +1(717) 324-2500

Listed by Jordan Ehring • Ehring & Co.

$ 499,900

Est. payment | -/mo

2,614 Sqft Lot

Save

$ 499,900

Est. payment | -/mo

Save

2,614 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACB2053172

Year Built 1900

Annual Tax Amount $4,572

Tax Year 2024

Lot Size 2,614 Sqft

Acres 0.06

Property Sub-Type Mixed Use

Source BRIGHT

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.

Location

State PA

County Cumberland

Area Carlisle Boro (14402)

Zoning C-1

Interior

Hot Water Electric, Natural Gas

Heating Baseboard - Hot Water, Radiant, Baseboard - Electric

Cooling None

Heat Source Natural Gas, Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Carlisle Area

School District Carlisle Area

Others

Tax ID 02-21-0320-013

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

155 N HANOVER ST Carlisle, PA 17013