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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.
Full Property Details
Full Property Details for 155 N Hanover St
General
- Price: $500,000
- Taxes: $4,572 (2024)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PACB2050566
- Updated: 2/24/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main & Up: 1
Parking
- Parking Type: On Street
Location
- Area: Carlisle Boro (14402)
- Municipality: CARLISLE BORO
- County: CUMBERLAND
- Subdivision: CARLISLE BOROUGH
- Driving Directions: From 81 S turn right onto US-11 N/Carlisle Pike Continue onto US-11 S Keep left to stay on US-11 S At the traffic circle, take the 3rd exit onto N Hanover St
School Information
- School District: Carlisle Area
- High School: Carlisle Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Septic
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Other
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Stone
- Stories Description: Main
- Square Feet: 2,614
- Sq. Ft. Source: Estimated
- Living Area: 2,614 Sq. Ft.
- Finished Above Grnd: 2,614 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Lot Size Source: Estimated
- Zoning: C-1
Financial Considerations
- Price Per Sq. Ft.: $191.28
- Tax w/Assessment: $195,700
- Tax Amount: $4,572
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by Ehring & Co., Jordan Ehring
Get Pre-Approved Today
Schools
Schools serving 155 N Hanover St
School District:Carlisle Area School District
| Name | Grades | Distance |
|---|---|---|
Letort Elementary School 110 East South Street, Carlisle, PA 17013 | K-5 | 0.5 mi |
Lamberton Middle School 777 South Hanover Street, Carlisle, PA 17013 | 6-8 | 1 mi |
Carlisle Area High School 623 West Penn Street, Carlisle, PA 17013 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 155 N Hanover St
Date
Details
Price
Change
Source
2/24/2026
Listed
$500,000
174.73%
MLS
6/29/2012
Sold
$182,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 155 N Hanover St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,608
3%
$195,700
—
2024
$4,476
5%
$195,700
—
2022
$4,272
1%
$195,700
—
2022
$4,211
1%
$195,700
—
2021
$4,151
2%
$195,700
—
2020
$4,063
2%
$195,700
—
2019
$3,978
2%
$195,700
—
2018
$3,893
2%
$195,700
—
2017
$3,816
3%
$195,700
—
2016
$3,690
2%
$195,700
—
2015
$3,630
2%
$195,700
—
2014
$3,565
—
$195,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 155 N Hanover St
155 N Hanover St., Carlisle, PA 17013 (MLS# PACB2050566) is a Townhouse property with 1 bedroom and 1 full bathroom. 155 N Hanover St. is currently listed for $500,000 and was received on February 24, 2026. Want to learn more about 155 N Hanover St.? Do you have questions about finding other Townhouse real estate for sale in Carlisle? You can browse all Carlisle real estate or contact a Coldwell Banker agent to request more information.

