320 Spring Ave offers a versatile investment opportunity in Hanover with three separate units, multiple potential income streams, and a location that puts tenants close to the everyday conveniences that make this area appealing. Built in 1940 and offering approximately 1,853 square feet of living space, this triplex could be a strong addition to an investment portfolio or an opportunity for an owner occupant interested in house hacking by living in one unit while renting the others. The property includes a 1 bedroom, 1 bathroom unit on the first floor, a second 1 bedroom, 1 bathroom unit on the second floor, and a finished attic efficiency apartment. This variety of unit sizes can appeal to individual renters and couples looking for practical, manageable living spaces. A full basement provides additional storage, while the detached garage adds valuable parking or storage options for the property. The location adds to the property's long term rental appeal. Hanover combines a small town atmosphere with a strong selection of shopping, restaurants, coffee shops, healthcare, and recreation. Downtown Hanover offers locally owned dining and businesses, while the Eisenhower Drive retail corridor provides convenient access to major shopping and everyday necessities. Hanover is also home to UPMC Hanover and has a strong employment base that includes healthcare, food manufacturing, retail, and other industries. For recreation, Codorus State Park and Lake Marburg are nearby, offering thousands of acres for boating, fishing, hiking, picnicking, and other outdoor activities. Residents can also take advantage of Hanover's community events and historic downtown, while nearby Gettysburg offers restaurants, breweries, shops, museums, and Gettysburg National Military Park. York and Westminster, Maryland provide additional options for employment, shopping, dining, and entertainment. With three units, a detached garage, a full basement, and access to the amenities of Hanover and the surrounding region, 320 Spring Ave offers flexibility for both experienced investors and buyers looking for a creative path to property ownership. Live in one unit and offset expenses with rental income from the others, or operate the property as a full investment and take advantage of three separate rental opportunities in an established Hanover location.
You don't want to miss the opportunity to add this 6 unit home with 5 Apts and 1 Garage to your portfolio! Currently there are 1 - 1 bedroom units. 3 - 2 bedroom units. 1- 3 bedroom unit and 1 Garage. This home is located in a great location with walking distance to downtown Hanover and convenient to restaurants and shopping.
Price improvement on this great investment opportunity in the North End of the Hanover Borough! This solid 2-unit property features a concrete block and brick facade. The home offers excellent income potential or the option to live in one unit while renting the other. Unit 1 is located on the main level. It features one bedroom, living room, a full bath, large eat in kitchen and walk-in pantry. Unit 2 spans the second and third floors. It features three bedrooms, living room on the third floor, entrance mud room, a full bath, kitchen/dining area and small office space or walk-in pantry. Both units have ample closet space plus storage and laundry hookups in the basement. Tons of off-street parking adds extra convenience for tenants and guests. Conveniently located close to shopping, restaurants, and everyday amenities with easy access to commuter routes. Don’t miss this versatile investment property!
Hanover is located in Pennsylvania. Hanover, Pennsylvania has a population of 16,291. Hanover is less family-centric than the surrounding county with 21.61% of the households containing married families with children. The county average for households married with children is 29.57%.
The median household income in Hanover, Pennsylvania is $56,277. The median household income for the surrounding county is $72,543 compared to the national median of $69,021. The median age of people living in Hanover is 41.3 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 19.8 degrees. The average rainfall is approximately 41.8 inches per year, with 25.7 inches of snow per year.
