$185,000
SOLD DEC 20, 2024

208 E Locust St Mechanicsburg, PA 17055

-- Bed
-- Bath
1,872 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$99 Per Sq Ft

9% Above List Price

2 Days on Market

Highlights

  • 4 Car Detached Garage
  • Mechanicsburg Area Senior High School Rated A-
  • Forced Air Heating System

About This Home

As of December 2024

Located in downtown Mechanicsburg, 208-210 E. Locust Street offers an investment opportunity with two fully occupied rental units and a large, 20x48 four-car garage. This property provides immediate rental income, with the added potential of generating extra revenue through the garage. While the property does require some TLC and updating, it offers great potential for investors willing to make improvements.
The first-floor unit features 3 bedrooms, a spacious kitchen, high ceilings, and an open layout, with laundry hookups in the unfinished basement. The second-floor 2 bedroom unit adds another stream of rental income. The large garage is a standout feature, offering ample parking and storage, with opportunities to further capitalize on the growing demand for space in downtown Mechanicsburg.
This property is located in a walkable, central area with easy access to shops, restaurants, and major highways. Mechanicsburg’s small-town charm and prime location make it a desirable spot for renters, ensuring steady demand. With some upgrades, this property can be transformed into a more modern, higher-value investment with increased rental income.
Owner pays all utilities; water, sewer, trash, oil heat and electricity.

Last Agent to Sell the Property

Christine Skozilas

(717) 579-8554 mcwalkerrealty@gmail.com M C Walker Realty License #RS278850 Listed on: 12/04/2024

Co-Listed By

Logan Hartz

(717) 940-7378 Logan.WalkerRealty@gmail.com M C Walker Realty License #RS372101

Last Buyer's Agent

Lisa Hance

(717) 857-5660 lisamarie.hance@exprealty.com EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,082

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • 1,872 Sq Ft Home
  • Duplex
  • Stone Foundation
  • Frame Construction

Schools

  • Mechanicsburg Area High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for electricity, heat, insurance, management, repairs, sewer, real estate taxes, water
  • Assessor Parcel Number 17-23-0565-160

Community Details

Overview

  • 2 Units

Building Details

  • Income includes apartment rentals
  • Gross Income $26,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,082

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 1872
  • Living Area Sq Ft: 1872
  • Price Per Sq Ft: 90.76
  • Above Grade Finished Sq Ft: 1872
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • High School Source: Listing Agent
  • School District Source: 3rd Party
  • High School: MECHANICSBURG AREA

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Zoning: OLD TOWN

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Electricity, Heat, Insurance, Management, Repairs, Sewer, Taxes - Real Estate, Water
  • Total Actual Rent: 26040.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 2863.00
  • Tax Annual Amount: 4082.00
  • Assessor Parcel Number: 17-23-0565-160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 26040.00
  • Gross Scheduled Income: 26040.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2024
Closed on
Dec 20, 2024
Sold by
Norris Michael L and Walters Murrel R
Bought by
Castro Edwin Aldaz and Vega Erika
Seller's Agent
Christine Skozilas
M C Walker Realty
Buyer's Agent
Lisa Hance
EXP Realty, LLC
List Price
$169,900
Sold Price
$185,000
Premium/Discount to List
$15,100
8.89%
Views
15
Current Estimated Value
$193,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,510
Avg. Annual Appreciation
5.37%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $185,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $185,000 +8.9% $99 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
12/04/2024 12/04/24 For Sale $169,900 -- $91 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,288 $182,300 $55,000 $127,300
2024 $4,142 $182,300 $55,000 $127,300
2023 $3,282 $182,300 $55,000 $127,300
2022 $3,848 $182,300 $55,000 $127,300
2021 $3,709 $182,300 $55,000 $127,300
2020 $3,632 $182,300 $55,000 $127,300
2019 $3,566 $182,300 $55,000 $127,300
2018 $3,509 $182,300 $55,000 $127,300
2017 $3,371 $182,300 $55,000 $127,300
2016 -- $182,300 $55,000 $127,300
2015 -- $182,300 $55,000 $127,300
2014 -- $182,300 $55,000 $127,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB2037426

Bright MLS

APN: 17-23-0565-160