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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.
| DAYS ON MARKET | 0 | LAST UPDATED | 4/24/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Carlisle Boro (14402) |
| COUNTY | CUMBERLAND | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | CARLISLE AREA |
|---|---|
| High School | CARLISLE AREA |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| AREA | Carlisle Boro (14402) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric, Natural Gas, Radiant |
| LOT | 2614 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 4572 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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