Turnkey 9-Unit Apartment
For Sale
Contact for pricing
101 West Main Street, Mount Joy, PA 17552
Revitalized 9-unit multifamily property with renovated interiors and off-street parking, delivered with an occupancy permit.
Property Size7,355 SF
Price / SF$167.23
Days on Market56
Property Features for 101 West Main Street
General Information
Standard status
Active
Size
7,355 SF
Total Parking Spaces
9
Property subtype
Multifamily
Additional Details
Multifamily Units
9
Building Details
Year Built
1840
Tenancy
Multi
Listing Agency:
Astoria Realty
(717) 425-6264
Listed By:
Ben Esh · License #PA RS329980
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 3 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Astoria Realty
Investment Insights
Based on property information with market context.
This turnkey 9-unit apartment community comprises two separate buildings and offers a unit mix of seven 1-bedroom apartments and two 3-bedroom apartments. The property has undergone extensive renovations and structural improvements intended to address deferred maintenance concerns. All units except one feature updated finishes and modernized interiors, supporting a more consistent, refreshed living experience across the community. Off-street parking is available for residents with a total of nine spaces.
The property is located within the borough of Mount Joy at 101 West Main Street. It includes both buildings on the site with convenient, straightforward access via off-street parking. The seller is also working through the final details of lifting a condemnation that was due to structural issues that have been remediated.
The current scope of work and readiness for occupancy make this property a practical fit for buyers seeking an income-generating multifamily asset with improvements already completed. Delivery is expected with an occupancy permit, fully prepared for occupancy. Unit 9 is labeled as Unit 10 because the address of that unit is 10 Manheim Street.
The property is located within the borough of Mount Joy at 101 West Main Street. It includes both buildings on the site with convenient, straightforward access via off-street parking. The seller is also working through the final details of lifting a condemnation that was due to structural issues that have been remediated.
The current scope of work and readiness for occupancy make this property a practical fit for buyers seeking an income-generating multifamily asset with improvements already completed. Delivery is expected with an occupancy permit, fully prepared for occupancy. Unit 9 is labeled as Unit 10 because the address of that unit is 10 Manheim Street.
Key Highlights
- 9‑unit apartment community with two buildings; year built 1840
- Unit mix includes seven 1‑bedroom units and two 3‑bedroom units
- Extensive renovations and structural improvements; all units except one feature updated finishes and modernized interiors
Financial Insights For Apartment 5plus
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 | $132.4k | $18.00 |
| − Vacancy | −$662 | −$0.09 |
| EGI | $131.7k | $17.91 |
| − OpEx | −$59.3k | −$8.06 |
| NOI | $72.5k | $9.85 |
7,355 SF · lease $18.00/SF/yr · vacancy 0.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.88M
NOI $172,529 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 17552, PA
20,393
Population
8,684
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
626
Density / Sq Mi
$89,776
Median Household Income
$48,718
Median Earnings
$1,225
Median Rent
$275,600
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?
Apartment building - Revitalized 9-unit multifamily property with renovated interiors and off-street parking, delivered with an occupancy permit.
Where is this apartment building located?
The property is located at 101 West Main Street Mount Joy, PA.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: 9‑unit apartment community with two buildings; year built 1840; Unit mix includes seven 1‑bedroom units and two 3‑bedroom units; Extensive renovations and structural improvements; all units except one feature updated finishes and modernized interiors
