159 N HANOVER ST Carlisle, PA 17013
1 Bed
1 Bath
0.38 Acres Lot
UPDATED:
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Lot Size 0.380 Acres
MLS Listing ID PACB2050538
Financing Cash,Conventional
Style Traditional
Subdivision Carlisle Borough
Bedrooms 1
Full Baths 1
Short Sale No
HOA Y/N N
Originating MLS BRIGHT
Property Description
159–163 N Hanover St is a mixed-use investment property in downtown Carlisle offering a blend of residential and commercial tenancy with 100% occupancy reflected on the current rent roll. The income stream includes multiple apartment units plus commercial tenancy, creating diversification and stability (with additional ancillary income shown on the rent roll).
The operating summary indicates $120,440 in potential rental income, $115,440 in effective rental income, and a compelling $73,522 NOI—supported by a clearly defined expense set and strong in-place performance. For investors targeting a downtown Carlisle footprint, this asset offers a turnkey operating profile today with the opportunity to improve returns over time through strategic rent growth, expense management, and tenant retention.
Professionally managed by Ehring & Co., a premier boutique property management company based in Harrisburg, PA—delivering responsive tenant communication, disciplined maintenance coordination, and consistent owner reporting.
Location
State PA
County Cumberland
Area Carlisle Boro (14402)
Zoning C-1
Rooms
Basement Other
Main Level Bedrooms 1
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Central A/C, Window Unit(s)
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 20
Waterfront N
Water Access N
Accessibility None
Parking Type Off Street, Parking Lot
Total Parking Spaces 20
Building
New Construction N
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Story 3
Additional Building Above Grade, Below Grade
Schools
High Schools Carlisle Area
School District Carlisle Area
Others
Senior Community No
Tax Amount $11,924
Tax Year 2024
Tax ID 02-21-0320-012
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Special Sale Standard
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