37-39 E WILLOW Street, Elizabethtown, PA 17022
MULTI_FAMILY - Other - ELIZABETHTOWN, PA
- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 37-39 E WILLOW Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street, On Street
- Appliances
- Washer/Dryer Hookups Only
- Standard status
- Active
- Size
- 3,084 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4510
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Aluminum Siding, Shingle Siding
- Architectural style
- Other
Listing agent John J Glick (717) 598-7490
Listing office Hostetter Realty LLC 321 E Main Street, NEW HOLLAND, PA (717) 354-6416
Listing date Jun 11, 2026
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.
HighLights
- 4‑unit property with two 1‑bedroom units and two 2‑bedroom units
- Separate utilities for each unit
- Recent improvements include a new roof, new windows, and new sewer lines to the street
- Off‑street parking with newly installed blacktop, plus on‑street parking
- Washer/dryer hookups only; heating includes baseboard and electric heating, with window unit(s) for cooling
- Front porch is scheduled to be professionally painted in June
Overview
Located at 37-39 E Willow Street in Elizabethtown’s Central Business District, the property is positioned for easy access to downtown amenities. It is also convenient to shopping, dining, and transportation options in the area.
For buyers seeking a small residential income asset, the current income of $45,000 annually provides a clear baseline, while the unit mix supports tenant diversification across studio-to-family-sized layouts. With the separation of utilities and the documented capital updates, this offering is designed to appeal to owner-operators and investors looking for a manageable, maintenance-conscious multi-unit property in a walkable, amenity-oriented setting.
Local 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 | $50.0k | $16.20 |
| − Vacancy | −$749 | −$0.24 |
| EGI | $49.2k | $15.96 |
| − OpEx | −$14.8k | −$4.79 |
| NOI | $34.4k | $11.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.60726
- Latitude
- 40.15466
