238 Centennial Ave - Apartments FOR SALE


Hanover, PA 17331
$2,080,000 USD
717-819-2825
238 Centennial Ave, Hanover, PA for Sale
$2,080,000 USD
Apartments - FOR SALE
1/7
null | 6.65% Cap Rate

238 Centennial Ave
Hanover, PA 17331


HIGHLIGHTS

  • Walkable location in downtown Hanover
  • Solid Tenant Market with strong jobs
  • New construction low maintenance buildings

OVERVIEW

Centennial Court — Centennial Avenue, Hanover, PA Brochure Description ________________________________________ Presenting Centennial Court, a newly designed eight-unit townhome development on Centennial Avenue in the heart of Hanover, York County, Pennsylvania. This project is in construction stage. Architect-designed by Duckham Architecture & Interiors, the project consists of two four-unit buildings totaling 11,200 square feet, with each unit offering 1,400 SF across three stories — three bedrooms, two bathrooms, a first-floor family room, dining room, kitchen, mudroom, powder room, and private front porch and rear patio. The craftsman-influenced exterior features stone veneer, board-and-batten siding, and pitched gable rooflines, delivering the kind of curb appeal that attracts and retains quality tenants. All utilities are separately metered and paid by tenants, and the exterior is tenant-maintained, keeping operating costs lean. At an asking price of $2,080,000 ($260,000 per unit), the project is offered at a 6.42% CAP rate with projected rents of $2,100 per unit per month. Hanover is an ideal location for this type of investment. The borough's population of approximately 17,000 is growing steadily, and nearly half of all households are renters — a built-in, durable demand base. Yet the housing stock is aging, and new construction of this quality is genuinely scarce. Centennial Court's downtown location puts residents within walking distance of Hanover's commercial core, parks, and community amenities — exactly the kind of walkable, low-maintenance living that today's renters seek and are willing to pay a premium for.

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

8

PRICE/UNIT

$260,000

CAP RATE

6.65%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centennial Court Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,181 SF

ZONING

R5

APN/PARCEL ID

67-000-07-0371.00-00000

ASK ABOUT THIS PROPERTY

Naomi BrownClear MultifamilyMore Info
717-819-2825

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Naomi BrownClear MultifamilyMore Info
717-819-2825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.