www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33881478
33881477

7 Locations

NAI CIR
Listed by NAI CIR
$21,000,000
3 days on market
Updated 3 days ago
Opportunity zone

133-Unit Townhouse Portfolio

Details
APN 03-22-0485-024,04-22-0481-208A,04-22-0481-210,04-22-0483-014,06-20-1800-070,29-20-1794-059,29-20-1794-060
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,320
Units 133
NOI $1,480,942
Tenancy Multi
Pro-Forma Cap Rate 7.10%
Year Built 1962
Buildings 20
Acreage 10.530
Zoning R-3, High Density Residential

483-520 Highland Court, Carlisle, PA 17013

Marketing description

Rare chance to acquire a single-owner multifamily portfolio compromising 133 townhouse-style apartments across seven well-maintained properties. Each unit contains +/-960 square feet with two (2) bedrooms and one (1) full bathroom, offering an efficient layout for tenants. Constructed between the 1960s and 1980s, the all-brick buildings are equipped with durable metal roofs (installed approximately 10 years ago) lessening landlord responsibilities. The portfolio has consistently maintained high occupancy rates and has been independently managed with care. Strategically located in the growing Harrisburg-Carlisle MSA, the properties benefit from proximity to major interstate systems and regional employment hubs, supporting steady rental demand and long-term rent growth potential.

Sales Conditions: Properties are being offered as a portfolio. Current property manager to remain employed for next several years (to be negotiated). Interior inspection of at least one (1) unit within each complex can be accommodated as a contingency within a formal agreement of sale.

Investment highlights

  • Central air conditioning
  • Market rent estimate: $1,300/month, well below new units coming online
  • Newer metal roofs
  • Full, unfinished basements (dry locked) with washer/dryer hookups
  • Growing demographic area
  • High occupancy rates
  • Off-street parking
  • Tenants pay directly for electricity and reimbursement for water/sewer
  • 7.1% Proforma Cap Rate

Listing Contacts

NAI CIR
Listed by NAI CIR

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,480,942.00
$123,411.83/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

Map

Zoning

Intelligence Badge
R3 ResidentialTwo FamilyHigh Density Residential
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 18 uses
View all 18 uses
Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591