Incredible Investment Opportunity in Hanover, PA! 6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%! Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns. While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time. Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically. Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.
Sold for $250,000
$250,000
404 Broadway, Hanover, PA 17331
6beds
1,496sqft
Single Family Residence
Built in 1930
3,001 Square Feet Lot
$263,600 Zestimate®
$167/sqft
$1,393 Estimated rent
Home value
$263,600
$248,000 - $277,000
$1,393/mo
Zestimate® history
Owner options
List your home for rent
$1,393/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,393/mo
Rent Zestimate®
Refinance and save
$1,770/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,770/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Nathan Barshinger 717-668-4694,
EXP Realty, LLC
Bought with:
Brad Bygall
Lime House
Source: Bright MLS,MLS#: PAYK2048834
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 1
- 1/2 bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
- Laundry: None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,496
- Total interior livable area: 1,496 sqft
- Finished area above ground: 1,496
- Finished area below ground: 0
Property
Parking
- Parking features: Crushed Stone, Enclosed, Private, Off Street, Parking Lot
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Two and One Half
- Stories: 2.5
- Pool features: None
Lot
- Size: 3,001 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 67000180145A000000
- Zoning: ROOMING HOUSE
- Zoning description: Rooming house grandfathered in as per Hanover Boro
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Stone, Permanent
Condition
- Good
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Hanover Boro
HOA
- Has HOA: No
Location
- Region: Hanover
- Municipality: HANOVER BORO
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $90,510
- Annual tax amount: $3,223
- Date on market: 9/16/2023
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,Bank Portfolio
- Exclusions: Tenants Personal Items
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2025 | Listing removed | $355,000$237/sqft |
Source:  Bright MLS #PAYK2078404 Report a problem | ||
| 5/12/2025 | Price change | $355,000-2.7%$237/sqft |
Source: Bright MLS #PAYK2078404 Report a problem | ||
| 3/23/2025 | Listed for sale | $365,000+46%$244/sqft |
Source: Bright MLS #PAYK2078404 Report a problem | ||
| 12/20/2023 | Sold | $250,000-9.1%$167/sqft |
Source: Bright MLS #PAYK2048834 Report a problem | ||
| 11/22/2023 | Pending sale | $275,000$184/sqft |
Source: Bright MLS #PAYK2048526 Report a problem | ||
| 9/15/2023 | Listed for sale | $275,000+281.9%$184/sqft |
Source: Bright MLS #PAYK2048526 Report a problem | ||
| 10/28/2015 | Sold | $72,000$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,390 +0.4% | $92,610 |
| 2024 | $3,376 +3.5% | $92,610 +2.3% |
| 2023 | $3,263 +4.2% | $90,510 |
| 2022 | $3,133 | $90,510 |
| 2021 | $3,133 | $90,510 |
| 2020 | $3,133 +1.6% | $90,510 |
| 2019 | $3,084 +1.9% | $90,510 |
| 2018 | $3,027 +3.9% | $90,510 |
| 2017 | $2,912 | $90,510 |
| 2016 | -- | $90,510 |
| 2015 | -- | $90,510 |
| 2014 | -- | $90,510 |
| 2013 | -- | $90,510 |
| 2012 | -- | $90,510 |
| 2011 | -- | $90,510 |
| 2010 | -- | $90,510 |
| 2009 | -- | $90,510 |
| 2008 | -- | $90,510 |
| 2007 | -- | $90,510 |
| 2006 | -- | $90,510 +39.1% |
| 2005 | -- | $65,060 |
| 2004 | -- | $65,060 |
| 2003 | -- | $65,060 |
| 2002 | -- | $65,060 |
| 2000 | -- | $65,060 |
| 1999 | -- | $65,060 |
Find assessor info on the county website
Neighborhood: 17331
Nearby homes
- $209,9004 bd-- ba1.9k sqft402 Broadway, Hanover, PA 17331For Sale
- $113,8704 bd3 ba3.5k sqft400 Broadway, Hanover, PA 17331Off Market
- $260,8004 bd3 ba2.5k sqft411 Broadway, Hanover, PA 17331Off Market
- $182,0003 bd1 ba1.5k sqft413 Broadway, Hanover, PA 17331Off Market
- $716,400-- bd-- ba15k sqft326 Broadway, Hanover, PA 17331Off Market
- $--1 bd1 ba363 sqft415 Broadway #1B-1BA-363SQFT, Hanover, PA 17331Off Market
- $--1 bd1 ba567 sqft415 Broadway FLOOR 2, Hanover, PA 17331Off Market
- $399,0004 bd-- ba3.1k sqft415 Broadway, Hanover, PA 17331Pending
Nearby schools
GreatSchools rating
- 8/10Washington El SchoolGrades: K-4Distance: 0.9 mi
- 6/10Hanover Senior High SchoolGrades: 8-12Distance: 1.1 mi
- 5/10Hanover Middle SchoolGrades: 5-8Distance: 1.4 mi
Schools provided by the listing agent
- District: Hanover Public
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$263,600
2% more
+$5,272
With Zillow Showcase(estimated)
$268,872
- Pennsylvania
- York County
- Hanover
- 17331
- 404 Broadway
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Hanover Topics
