155 N HANOVER ST., Carlisle, PA 17013

• 1 bed |
• 1 bath |
• 2,614 sqft

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.

Listing Status:

Active

Data Last Updated:

March 23, 2026 at 4:18AM

Listing Office:

Ehring & Co. : 7172561006

Listing Agent:

Jordan Ehring : 7178393745

MLS ID:

PACB2050566

Interior

• Basement: Unfinished
• A/C: Window Unit(s)
• Heating: Baseboard - ElectricElectric
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Traditional

Construction

• General: Other3Stone

Location

• Originating MLS: BRIGHT_MAIN
• School District: CARLISLE AREA
• County: CUMBERLAND-PA

Lot

• Zoning: C-1NO TAX RECORD

Utilities

• Water: Public
• Sewer: Public Septic

Financial

• Source: BRIGHT_MAIN