529 E KING Street Lancaster, PA 17602
MULTI_FAMILY - Colonial - LANCASTER, PA
Property Features for 529 E KING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Garage - Detached
- Standard status
- Active Under Contract
- Size
- 2,325 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5570
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1880
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Colonial
Listing agent Jennifer B Rule License #RS319741 (717) 808-0143
Listing office Iron Valley Real Estate of Lancaster 1834 Oregon Pike unit: 11, Lancaster, PA (717) 740-2221
Listing date May 26, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased 3‑unit property
- Detached 3‑car garage with each unit including a garage space per current lease
- Onsite laundry
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 | $37.7k | $16.20 |
| − Vacancy | −$565 | −$0.24 |
| EGI | $37.1k | $15.96 |
| − OpEx | −$11.1k | −$4.79 |
| NOI | $26.0k | $11.17 |
