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    The Largest CRE Database in the US with Over 1 Million Listings

    2 S Belmont Rd Paradise, PA 17562

    Sponsored
    For Sale
    $450,000

    Multi-Unit (2-4) - Paradise, PA

    Property size:
    3,696 SF
    Lot size:
    0.82 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 27 at 4:06 am

    Property Features for 2 S Belmont Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    7
    Bathrooms
    3
    Parking features
    Garage, Garage - Detached
    Interior features
    Walk-in Closet
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Size
    3,696 SF
    Lot size
    0.82 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Oil

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Linoleum
    Building materials
    Stone, Stucco, Vinyl Siding
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Elam Esh

    Double E Auction Service (717) 327-1215

    Listing agent Elam Esh (717) 327-1215

    Listing date Jan 9, 2026

    MLS# 11628904 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Generating Multi-Unit Property

    This multi-unit property, situated on a 0.82-acre corner lot in Paradise Township, Pequea Valley School District, offers income-producing potential. Unit 2 is a 2,196 square foot, two-story dwelling featuring four bedrooms, a kitchen with a large peninsula and storage, painted cabinetry, appliances, vinyl flooring, a living room, a dining room, a 12'x11' storage/entry room, and a full bath with a tub/shower combo and laundry area. The second floor includes four bedrooms with closets, a second full bath, and an attic with spray foam insulation. The basement has a water softener system and an oil furnace for hot water heat. A 12'x22' wooden deck is also included. This unit is currently rented for $1350.00 a month and is in need of some cosmetic upgrades. Unit 2B is a three-bedroom bi-level dwelling with an eat-in kitchen/dining room featuring a large peninsula with sink and storage, appliances, painted cabinetry, a pantry closet, a living room, a laundry room, three bedrooms with closets, a full bath with a tub/shower combo, and a linen closet. The basement has a new water heater and new plumbing installed in 2020, along with 200 amp service. This apartment has had some other upgrades in 2020 and is in good condition and is currently rented for $1250.00 a month. A valuable 24'x32' pole barn/garage was recently remodeled and will be available to rent out for extra income. The property has an on-site well, public sewer, and a macadam drive with parking. The current annual gross income is $31,200.00. The property is ideally located along Rt 30, minutes from Gap, Parkesburg, and Lancaster. There are also numerous other rooms in this building that are vacant & could be rented out.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Law Firm Building Supply Pharmacy Auto Repair Shop Accounting Firm Kitchen & Bath Auto Parts Store Wholesale Shop Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.105515
    Latitude
    40.004676

    Nearby Similar for Sale

    • $787,000
      4.50 Acres

      Paradise Lane Commercial Land

      4.5 Acres, Prime Amish Country Location
      - Lot #3 Paradise Ln, Paradise, PA 17562
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multi-unit property with rental income potential in Paradise, PA.
    Where is this multifamily property located?
    The property is located at 2 S Belmont Rd Paradise, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - High income potential: Current annual gross income of $31,200 with opportunities to increase.; - Two existing rental units provide immediate income: A 4-bedroom unit rented for $1350/month and a 3-bedroom unit rented for $1250/month.; - Remodeled 24'x32' pole barn/garage available for additional rental income.
    (717) 327-1215
    Request Owner's contact information
    2 S Belmont Rd Paradise, PA 17562
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    Paradise, PA 17562
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 S Belmont Rd Paradise, PA 17562
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    We can help!
    Listing Contact
    Elam Esh
    (717) 327-1215
    Learn more
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