404 Broadway

Hanover, PA 17331

$250,000
Last Sold Price
—
Beds
—
Baths
1,496 Sq. Ft.
$167 / Sq. Ft.
1,496
Sq. Ft.
$167
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/20/23
Closed 12/20/23

Description

Incredible Investment Opportunity in Hanover, PA! 6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%! Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns. While the property may require some improvement, its potential for substantial...Incredible Investment Opportunity in Hanover, PA! 6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%! Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns. While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time. Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically. Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.
  1. Listed by Nathaniel Martin Barshinger • EXP Realty, LLC
    P: (717)-668-4694 nathanbarsh.realestate@gmail.com

Property Details for 404 Broadway

Tax ID Number
67-000-18-0145-A0-00000
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
09-15-2023
Municipality
HANOVER BORO
LISTING UPDATED: 07/15/2024 11:08 PM

Property Details for 404 Broadway

StatusClosed
MLS #PAYK2048526
Days on Market69
Taxes$3,262 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.07 AC / 3,001 SF
CountyYork County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of EXP Realty, LLC

Sold By Lime House

Add your commute

Building Information for 404 Broadway

Stories-Residences4Year Built1930Building Size-Lot Size0.07 AC / 3,001 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$1,490 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,218

Property Taxes

$272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 404 Broadway

Location
Location
  • Transportation: Bus Stop less than 1 mile
  • School District Name: HANOVER PUBLIC
  • School District County ID: 300200396255
  • SchoolDistrictSource: 3rd Party
  • County: YORK
  • MLS Area: Hanover Boro (15267)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $90,510
  • Year Assessed: 2023
  • County Tax: $624
  • City Town Tax: $551
  • Clean Green Assessed: No
  • Land Use Code: 122
  • Section: HANOVER
  • Zoning: ROOMING HOUSE
  • Zoning Dscrp: Rooming house grandfathered in as per Hanover Boro
  • Tax Lot: 0145
  • School Tax: $2,087
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 6
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 6
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 6
Financial Information
Expenses
  • Operating Expense Includes: Trash, Insurance
  • Insurance Expense: $1,800
Financial Information
  • Net Operating Income: $2,844
  • Annual Rental Income: $46,800
  • Income Includes: Apartment Rentals
  • Cap Rate: 12.40
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 1,496.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 10882903
Parking
Parking
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot - # of Spaces: 10
  • Off Street - # of Spaces: 10
  • Parking Features: Crushed Stone, Fenced, Private
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Harrisburg Association of REALTORS

Property History for 404 Broadway

DateEvent & SourcePriceAppreciation
Jun 11, 2025

Expired

BRIGHT #PAYK2078404

—
May 12, 2025

Price Change

BRIGHT #PAYK2078404

$355,000—
Mar 23, 2025

Listed (Active)

BRIGHT #PAYK2078404

$365,000—
Dec 20, 2023

Closed

BRIGHT #PAYK2048834

$250,000—
Dec 20, 2023

Closed

BRIGHT #PAYK2048526

$250,000—
Dec 9, 2023

Closed (Public Record)

Public Record #1525496259

$250,000—
Dec 9, 2023

Closed (Public Record)

Public Record #1525496259

$250,000

+16.6% / yr

Nov 21, 2023

Pending

BRIGHT #PAYK2048834

—
Nov 21, 2023

Pending

BRIGHT #PAYK2048526

—
Sep 16, 2023

Listed (Active)

BRIGHT #PAYK2048834

$275,000—
Sep 15, 2023

Listed (Active)

BRIGHT #PAYK2048526

$275,000—
Oct 26, 2015

Closed (Public Record)

Public Record #558752364

$72,000—
DateEvent & SourcePrice
06/11/2025

Expired

BRIGHT #PAYK2078404

—
05/12/2025

Price Change

BRIGHT #PAYK2078404

$355,000
03/23/2025

Listed (Active)

BRIGHT #PAYK2078404

$365,000
12/20/2023

Closed

BRIGHT #PAYK2048834

$250,000
12/20/2023

Closed

BRIGHT #PAYK2048526

$250,000
12/09/2023

Closed (Public Record)

Public Record #1525496259

$250,000
12/09/2023

Closed (Public Record)

Public Record #1525496259

$250,000

+16.6% / yr

11/21/2023

Pending

BRIGHT #PAYK2048834

—
11/21/2023

Pending

BRIGHT #PAYK2048526

—
09/16/2023

Listed (Active)

BRIGHT #PAYK2048834

$275,000
09/15/2023

Listed (Active)

BRIGHT #PAYK2048526

$275,000
10/26/2015

Closed (Public Record)

Public Record #558752364

$72,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 404 Broadway

Taxable ValueLand$20,400Additions$72,210Total$92,610
Tax Record2025$3,390 ($283 / month)
Home Facts
Baths2Total Finished SqFt1,796 SqFtAbove Grade Finished SqFt1,796 SqFtStories2Lot Size3,006 SqFtStyleDuplexYear Built1930ZoningIDCountyYORKAPN67-000-18-0145.A0-00000

Schools near 404 Broadway

This home is within Hanover Public School District.
Rating
School
Type
Grades
Distance
Washington El School
Public - K to 4
Clearview El School
Public - K to 4
Hanover Middle School
Public - 5 to 8
Hanover Senior High School
Public - 8 to 12
Rating
School
Distance
Washington El School
PublicK to 4

Clearview El School
PublicK to 4

Hanover Middle School
Public5 to 8

Hanover Senior High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.