Residential Income Duplex with
For Sale
$695,000
181 WINDOVER Turn, Lancaster, PA 17601
MULTI_FAMILY - National - LANCASTER, PA
Property Size2,100 SF
Lot Size0.87 Acres
Price / SF$330.95
Days on Market72
Property Features for 181 WINDOVER Turn
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking
6
Parking features
Driveway
Interior features
Combination Dining/Living, Skylight(s), Upgraded Countertops
Fireplace
1
Appliances
Built-In Microwave, Dishwasher, Dryer - Electric, Dryer - Front Loading, Extra Refrigerator/Freezer, Icemaker, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
Elementary school
NITRAUER
High school
MANHEIM TOWNSHIP
Elementary school district
MANHEIM TOWNSHIP
Middle school district
MANHEIM TOWNSHIP
High school district
MANHEIM TOWNSHIP
Standard status
Active
Size
2,100 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Annual Amount
6155
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
office/flex area
business office
apartment
Building Details
Year built
1925
Number of units
2
Building materials
Frame, Vinyl Siding, Wood Siding
Architectural style
National
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 786-1300
Listed By:
Ron Mummau · License #RS339613
(717) 413-7555
Added: May 22
Changed: Jul 26
Last Checked: Aug 1 at 2:06PM
MLS# PALA2088696
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property features a 2.5-story well-maintained farmhouse with approximately 2,100 square feet of living area. The layout includes 4 bedrooms, 2 full baths, an office/flex area, and 2 fireplaces.
The lower level provides a separate 1-bedroom apartment that is vacant, along with a finished business office described as permitted. Additional space is available for storage or development uses, and the property is set on 0.87 acres in a wooded setting.
A standout improvement is a well-preserved 38' x 78' 19th-century timber-frame barn, offering substantial enclosed storage and flexible use consistent with a residential income setting.
The lower level provides a separate 1-bedroom apartment that is vacant, along with a finished business office described as permitted. Additional space is available for storage or development uses, and the property is set on 0.87 acres in a wooded setting.
A standout improvement is a well-preserved 38' x 78' 19th-century timber-frame barn, offering substantial enclosed storage and flexible use consistent with a residential income setting.
Key Highlights
- 2.5‑story farmhouse built in 1925 with 2,100 SF of living area, 4 bedrooms, and 2 full baths
- Lower level includes a vacant 1‑bedroom apartment and a finished, permitted business office
- 38' x 78' timber‑frame barn for storage or reuse
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $16.20 |
| − Vacancy | −$510 | −$0.24 |
| EGI | $33.5k | $15.96 |
| − OpEx | −$10.1k | −$4.79 |
| NOI | $23.5k | $11.17 |
2,100 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,686 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$703.7K
$615.8K – $821.0K
NOI $49,261 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2.5-story farmhouse includes 4 bedrooms and a vacant 1-bedroom apartment, plus a 38x78 timber-frame barn on 0.87 acres.
Where is this duplex located?
The property is located at 181 WINDOVER Turn Lancaster, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2.5‑story farmhouse built in 1925 with 2,100 SF of living area, 4 bedrooms, and 2 full baths; Lower level includes a vacant 1‑bedroom apartment and a finished, permitted business office; 38' x 78' timber‑frame barn for storage or reuse
