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Listed by Naomi Brown • Clear Multifamily LLC
$ 2,080,000
Est. payment /mo
New
238 CENTENNIAL AVE Hanover, PA 17331
0.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAYK2111516
Year Built 2026
Annual Tax Amount $1,177
Tax Year 2026
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Five Or More Units
Source BRIGHT
Property 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.
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.
Location
State PA
County York
Area Hanover Boro (15267)
Zoning R5
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 16.0
Water Access N
Street Surface Paved
Accessibility None
Total Parking Spaces 16
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Hanover Public
Others
Tax ID 67-000-07-0371-00-00000
Ownership Fee Simple
Special Listing Condition Standard
