BEDS1
BATHS1 full
SQUARE FEET2,614
MLS#PACB2050566
STATUSACTIVE
PROPERTY TYPEResidential - Townhouse
SUBDIVISIONCARLISLE BOROUGH
SCHOOLCARLISLE 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.
Property Features
Property Type: Residential - Townhouse
Basement: Unfinished
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Home Style: Traditional
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $4,572
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade
Lot Dimensions: 0.06 Acre(S)
Municipality: CARLISLE BORO
Sewer: Public Septic
SQFT Above Finished: 2614
SQFT Total Finished: 2614
Structure Type: Interior Row/Townhouse
Water: Public
Local Schools
High School: CARLISLE AREA
School District: CARLISLE AREA
Listed By / Shown By
Listed By
Agency Name: Ehring & Co.
Agency Phone: 7172561006
Shown By
Agent Name: Loree Foster Team
Agent Phone: (717) 253-2987
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 1,639.62 per month $1,112.78 Principal & Interest $381.00 Property Tax $145.83 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
155 N Hanover St. | MLS# PACB2050566
This townhouse located at 155 N Hanover St., Carlisle, PA 17013 is currently listed for sale with an asking price of $500,000. This property was built in 1900 and has 1 bedrooms and 1 full baths with 2614 sq. ft. N Hanover St. is located in the CARLISLE BOROUGH subdivision within the CARLISLE AREA school district. Search CARLISLE BOROUGH real estate on www.loreefosterteam.com today.