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About the Listing EHRNG1 - 3249672
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.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Townhome
MLS ®
PACB2050566
Year Built
1900
Total Square Footage
2,614
Lot/Acreage
0.06
County
Cumberland
Neighborhood
Carlisle Borough
School District
Carlisle Area
High School
Carlisle Area
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2614
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Main Floor Bedrooms: 1
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: C-1
- Roof:
- Others:
- Sewer: Public Septic
- Parking Features: On Street
Financial Details
- Tax Amount: $4,572
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
155 N Hanover St. Carlisle, PA 17013
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