170 N HANOVER ST
About This Property
Twin sets of double doors open to reveal rich 19th century character filling the expansive interior. You'll discover ionic columns, high ceilings, ornamental cornices, inlaid and parquet hardwood flooring, pocket doors, vintage lighting fixtures, custom tilework, historic hardware, detailed woodwork, built-in cabinetry, and stained-glass windows throughout the structure.
The building is currently comprised of 3 apartments: one two-story 2-bedroom apartment and two 1-bedroom units on the upper levels. The spacious main unit encompasses the first floor with living room/parlor, dining room, family room with walk-in bay window, two fireplaces, eat in kitchen, sunroom, powder room on the main level; plus 2 bedrooms and a full tile bathroom on the second floor. The other 2 units, accessed by a beautiful detailed turned staircase, include distinctive circular turret alcoves. With front and back staircases, the floorplan can be reconfigured to be utilized in multiple ways or be reconverted a spacious 6+ bedroom single family residence.
Occupants will enjoy outdoor entertaining and relaxing on the deep front porch, back porch and rear brick patio areas. Detached one car garage and off-street parking for about 4 cars. Great location close to Pottstown's many unique restaurants, coffee shops, outdoor eateries, historic carousel, assorted parks, popular Schuylkill River trail, and Steel River Playhouse community theater.
This property is a great opportunity to own a one-of-a-kind architectural masterpiece, rich in character, charm, and history. Join the real estate resurgence of Pottstown by investing in this landmark property.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
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Feb 21, 2025 | In contract | - | |
In contract | |||
Feb 10, 2025 | Listed by Kelly Real Estate, Inc. | $339,900 | |
Listed by Kelly Real Estate, Inc. | |||
Sep 30, 1983 | Sold to Nicholas L Colasanti | ||
Sold to Nicholas L Colasanti |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 1 Unit for Sale
