Triplex with Detached
For Sale
$349,999
Pending
102 N Main Street, Manheim, PA 17545
Fully occupied three-unit property with updated kitchens, replacement windows, and separate heating and electric systems.
Property Size2,314 SF
Days on Market48
Property Features for 102 N Main Street
General Information
Standard status
Pending
Size
2,314 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Listing Agency:
Hostetter Realty LLC
Listed By:
Alexander Reedy · License #3234510
(717) 538-3910
Source:
Yorkhomes
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 4 at 10:21AM
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 Hostetter Realty LLC
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Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 1920 and is fully occupied. Improvements include replacement windows throughout and updated kitchens in two of the three units. Each unit has a separate gas boiler for heating, while the electric systems are also separated. A detached two-car garage provides additional on-site utility.
Located at 102 N Main Street in Manheim, Pennsylvania, the property offers a multi-unit configuration with tenant-paid water, sewer, and trash service. The combination of separate building systems, recent kitchen replacements, and a detached garage supports straightforward operational management across the three units.
Located at 102 N Main Street in Manheim, Pennsylvania, the property offers a multi-unit configuration with tenant-paid water, sewer, and trash service. The combination of separate building systems, recent kitchen replacements, and a detached garage supports straightforward operational management across the three units.
Key Highlights
- Fully occupied three‑unit property
- Two of three kitchens have been replaced
- Replacement windows installed throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,847
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,940
$516.9K
Cap Rate 7%
$369,243
$369.2K
Cap Rate 9%
$287,189
$287.2K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$37.5K $16.20/SF
− Vacancy
−$562 −$0.24/SF
EGI
$36.9K $15.96/SF
− OpEx
−$11.1K −$4.79/SF
NOI
$25.8K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,940
Cap Rate 7%
$369,243
Cap Rate 9%
$287,189
Alternative Uses
Best Use
Multifamily LT 5
$369.2K
$323.1K – $430.8K
NOI $25,847 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$325.6K
$284.9K – $379.9K
NOI $22,794 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$775.4K
$678.5K – $904.7K
NOI $54,280 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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Business Placement
Demographics for 17545, PA
22,718
Population
9,382
Households
2.4
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
69.8 sq mi
ZIP Area
325
Density / Sq Mi
$87,589
Median Household Income
$47,755
Median Earnings
$1,325
Median Rent
$271,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with updated kitchens, replacement windows, and separate heating and electric systems.
Where is this triplex located?
The property is located at 102 N Main Street Manheim, PA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Fully occupied three‑unit property; Two of three kitchens have been replaced; Replacement windows installed throughout
