Description
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.
Details
| MLS # | PAYK2111056 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1940 |
| Days On Site | 15 |
| Listing Provided By | Real of Pennsylvania | Dominic Nicholas Mallozzi |
Features
| SQ Feet | 1,853 |
|---|---|
| Garage | 2 |
| Basement | Y |
| Units | 3 |
| Zoning | RESIDENTIAL |
| Acreage | 0.13 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Aluminum Siding, Vinyl Siding |
| Foundation Details | Block |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Cable TV |
|---|
Taxes
| Tax Annual Amount | 4052 |
|---|
Area Information
| State | PA |
|---|---|
| County | YORK PA |
| City | HANOVER |
| Zip Code | 17331 |
| Area | Hanover Boro (15267) |
| School District | HANOVER PUBLIC |
| Elementary School | HANOVER |
| High School | HANOVER |
| Listing VS Median (in 17331) | |
Price: $249,990 low | high Med: $342,500 sqft: 1,853 low | high Med: 1,828 $ / sqft: $135 low | high Med: $187 On site: 15 low | high Med: 26 | |
Market Activity 17331
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Learn More About This Property
| State | PA |
|---|---|
| County | YORK PA |
| City | HANOVER |
| Zip Code | 17331 |
| Area | Hanover Boro (15267) |
| School District | HANOVER PUBLIC |
| Elementary School | HANOVER |
| High School | HANOVER |
| Listing VS Median (in 17331) | |
Price: $249,990 low | high Med: $342,500 sqft: 1,853 low | high Med: 1,828 $ / sqft: $135 low | high Med: $187 On site: 15 low | high Med: 26 | |
 | $250,000509 Baer AveHanover, PA 17331 |