133-Unit Townhouse Portfolio

Highland Ct, Carlisle, PA 17013

Property Information

  • For Sale $21,000,000
  • Property Type Multi-Family
  • Property Size 135,780 SF
  • Units 133
  • Lot Size 10.53 Acre
  • Year Built 1776
  • Date Updated Jun 24, 2026

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.

Highlights

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

Contacts

Location

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