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503 W Main St , Mechanicsburg, PA 17055
$341,900
Est. Payment: $1,847.00/mo
3 Bed
3 Bath
2628 Sqft
0.26 Acres
Status: active | Days on site: 51
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WALKR - 3232655
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House Description

INVESTMENT OPPORTUNITY IN THE HEART OF MECHANICSBURG! Welcome to 503 W Main Street, a well-positioned three-unit investment property offering an attractive combination of established rental income, desirable apartment layouts, and a convenient location walkable to downtown Mechanicsburg. Situated on one of the appealing blocks of West Main Street, this property places tenants close to restaurants, shopping, schools, major highways, and all that the Mechanicsburg community has to offer. The property features three separate rental units, each with its own character and appeal, and all are occupied by long-term tenants with yearly leases. The first-floor 2-bedroom apartment offers approximately 1,000 square feet of comfortable living space and features hardwood flooring, high ceilings, ceiling fans, and mostly newer windows. The kitchen and bathroom were remodeled in 2016, and the unit includes a microwave, electric oven, dishwasher, and washer and dryer. Tenants also enjoy off-street parking, a covered side porch, and a rear deck featuring low-maintenance Trex decking. The efficiency apartment was fully remodeled in 2017 and offers a bright, inviting interior with shaker-style white cabinetry, ceiling fans, and a covered side balcony with Trex decking. An attic access area provides additional storage. The 1-bedroom apartment offers a practical layout with a quaint kitchen, spacious living/dining combination, a storage closet, and a separate bedroom. Its efficient design provides an appealing rental option for tenants seeking a more affordable place to call home. From an investment standpoint, the property offers three established rental streams with long-term tenants and annual leases already in place. Current monthly rents are $1,130 for the 2-bedroom, $815 for the 1-bedroom, and $815 for the efficiency, for a total of $2,760 per month, or $33,120 annually in scheduled rental income. Even better, tenants are responsible for their own heat, hot water, and electricity, while the owner pays water, sewer, and trash. Whether you are expanding an existing portfolio or looking for your first multifamily investment, 503 W Main Street offers the opportunity to own a three-unit property in an established Mechanicsburg neighborhood with strong rental appeal. With renovated units, desirable features, long-term tenants, outdoor spaces, and a location close to downtown and major transportation routes, this property is ready to continue its role as a solid income-producing investment.

Highlights

Listed by CHRISTINE WALKER , 7175798554 M C Walker Realty , 7176979487. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.26

Year Built

1903

County

Cumberland

Area

Mechanicsburg Boro (14416)

Neighborhood

None Available

School District

Mechanicsburg Area

Listing ID

PACB2058484

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
Floor:Wood,Carpet,Vinyl
Above Ground Sq Ft:2628
Basement:Unfinished
Other:
  • ▪ Additional:Attic
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:2
Zoning:RES. MEDIUM DENSITY
Roof:Shingle,Rubber
Sewer:Public Sewer
Parking Features:Stone Driveway,Off Street,On Street,2+ Spaces,1+ Spaces
Principal Interest
$1,847
Taxes
$353

Home Price

$341,900

Loan Details

30 yrs
7.148%

Down Payment

20%
$68,380
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,847.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,847.00 $352.50 $0.00 $2,199.50
Yearly $22,164.04 $4,230.00 $0.00 $26,394.04
Total $664,921.07 $126,900.00 $0.00 $791,821.07
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Mechanicsburg, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS