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.

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Property Details of 155 N Hanover Street

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Quarryville Farm & Land / Residential

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Property Details of 155 N Hanover Street

Property Details

Basic Information

Building

Location

Finance

Utilities and Appliances

Utilities and Appliances

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Quarryville Farm & Land / Residential