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Bought with Nicole S Pearson • Howard Hanna Company-Carlisle
$ 1,000,000
$ 1,100,000 9.1%
1 Bed
1 Bath
0.38 Acres Lot
$ 1,000,000
$ 1,100,000 9.1%
1 Bed
1 Bath
0.38 Acres Lot
Key Details
Sold Price $1,000,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Carlisle Borough
MLS Listing ID PACB2050538
Sold Date 05/28/26
Style Traditional
Bedrooms 1
Full Baths 1
HOA Y/N N
Year Built 1900
Annual Tax Amount $11,924
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type End of Row/Townhouse
Source 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
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Carlisle Area
School District Carlisle Area
Others
Senior Community No
Tax ID 02-21-0320-012
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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