Mixed-Use Retail and
101 PEARL Street Lancaster, PA 17603
For Sale
$449,900
MULTI_FAMILY - Other - LANCASTER, PA
Property Size2,178 SF
Lot Size0.05 Acres
Price / SF$206.57
Days on Market74
Property Features for 101 PEARL Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street, Off Street
Appliances
Washer/Dryer Hookups Only
Standard status
Active
Size
2,178 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8275
Utilities
Heating system
Forced Air
Building Details
Year built
1905
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Iron Valley Real Estate of Lancaster
(717) 740-2221
Listed By:
Fanny C Castellanos · License #RS306983
(717) 615-7484
Added: May 17
Changed: Jul 13
Last Checked: Jul 29 at 5:06PM
MLS# PALA2088260
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 mixed-use property includes a street-level convenience storefront with a 3-bedroom residential apartment above. The building is supported by a full basement that can serve as additional storage, and it has separate utilities for both the storefront and the apartment. Off-street parking is also included.
Located at 101 Pearl Street in Lancaster, PA, the property benefits from a high-visibility setting in a central district near downtown.
With two separate spaces and utility separation, the layout supports dual occupancy of the retail level and the residential unit above, with basement space available for storage.
Located at 101 Pearl Street in Lancaster, PA, the property benefits from a high-visibility setting in a central district near downtown.
With two separate spaces and utility separation, the layout supports dual occupancy of the retail level and the residential unit above, with basement space available for storage.
Key Highlights
- 1905 brick mixed‑use building with a street‑level convenience storefront and a 3‑bedroom residential apartment above
- Separate utilities for the storefront and the 3‑bedroom apartment
- Forced‑air heating; washer/dryer hookups only
Financial Insights For Retail
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 | $39.2k | $18.00 |
| − Vacancy | −$2.6k | −$1.19 |
| EGI | $36.6k | $16.81 |
| − OpEx | −$11.0k | −$5.04 |
| NOI | $25.6k | $11.77 |
2,178 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$366.2K
$320.4K – $427.2K
NOI $25,632 @ 7.0% cap · market cap 5.70%
Second Best
Multifamily LT 5
$347.5K
$304.1K – $405.5K
NOI $24,328 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$729.9K
$638.6K – $851.5K
NOI $51,090 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with a street-level convenience storefront and a 3-bedroom apartment above, plus off-street parking.
Where is this duplex located?
The property is located at 101 PEARL Street Lancaster, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1905 brick mixed‑use building with a street‑level convenience storefront and a 3‑bedroom residential apartment above; Separate utilities for the storefront and the 3‑bedroom apartment; Forced‑air heating; washer/dryer hookups only
