155 N Hanover St. • Carlisle, PA 17013

$500,000 Beds: 1 • Baths: 1 full • Sq. Feet: 2614 • MLS ID: PACB2050566 • Subdivision: CARLISLE BOROUGH • School Dist: CARLISLE AREA
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. View this listing at: http://tomboeshorerealtor.com/mls=PACB2050566

Property Features

  • Taxes: $4,572
  • Basement: Yes
  • Lot Size: 0.06 Acres
  • Lot Dimensions: 0.06 Acre(S)
  • Heating: Baseboard - Electric
  • Fuel Type: Electric
  • Cooling: Window Unit(s)
  • Year Built: 1900
  • Water: Public
  • Sewer: Public Septic
  • Stories: 3.0
  • Municipality: CARLISLE BORO
  • Additional Structures: Above Grade
  • Structure Type: Interior Row/Townhouse
  • Basement: Unfinished
  • SQFT Total Finished: 2614
  • SQFT Above Finished: 2614

School Information

  • High School: CARLISLE AREA
  • School District: CARLISLE AREA
Printed March 03, 2026


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