Building Details

Year Built 1921

Listing Agency: Kingsway Realty - Ephrata l***@kingswayrealty.com Show Phone

Listed By: Shelby L Hollinger · License #RS205965L Show Phone

Source: Cummingsrealtors

Added: Oct 6 Changed: Oct 7 Last Checked: Oct 7 at 2:25PM

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Investment Insights

Based on property information with market context.

Built in 1921, this 3,040-square-foot property combines a duplex with a separate oversized, three-car garage. The two residential units are side by side: one has three bedrooms and two full bathrooms, while the other includes four bedrooms and one and a half bathrooms. Both are owner-occupied and have electric baseboard heat.

The garage includes an office, storage and workshop areas, plus a second-floor loft. It has its own electric meter and a dedicated bathroom at the rear of the house building. The property also has parking area and public water and sewer service. Zoning is Industrial/Commercial.

Key Highlights

• Two side‑by‑side residential units: one with 3 bedrooms and 2 full baths; the other with 4 bedrooms and 1‑1/2 baths
• 3‑car oversized garage with office, storage, workshop space and a second‑floor loft
• Garage has a separate electric meter and dedicated bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,757

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$755,140 $755.1K

Cap Rate 7%

$539,386 $539.4K

Cap Rate 9%

$419,522 $419.5K

Market Conditions

NOI Build-Up for 3,040 SF

Gross rent

$65.7K $21.60/SF

− Vacancy

−$5.3K −$1.73/SF

EGI

$60.4K $19.87/SF

− OpEx

−$22.7K −$7.45/SF

NOI

$37.8K $12.42/SF

Area

Lancaster County, PA

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$755,140

Cap Rate 7%

$539,386

Cap Rate 9%

$419,522

Alternative Uses

Best Use

Mixed Use

$539.4K

$472.0K – $629.3K (±1% cap)

NOI $37,757 @ 7.0% cap · market cap 7.87%

Second Best

Multifamily LT 5

$485.1K

$424.5K – $565.9K (±1% cap)

NOI $33,956 @ 7.0% cap · market cap 7.08%

Theoretical Best

Office A

$1.02M

$891.4K – $1.19M (±1% cap)

NOI $71,311 @ 7.0% cap · market cap 14.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Restaurant Electrical Service Building Supply (Bike/Boat/Book/etc) Store Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

Explore this area Business Placement

Demographics for 17569, PA

6,198

Population

2,661

Households

2.3

Avg Household Size

39

Median Age

22%

College-Educated

85%

High-School Grad

16.6 sq mi

ZIP Area

373

Density / Sq Mi

$92,480

Median Household Income

$53,811

Median Earnings

$1,074

Median Rent

$266,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Industrial/commercial zoning accompanies two residential units and a separate garage with office and workshop space.

Where is this duplex located?

The property is located at 104-106 W MAIN STREET Reinholds, PA.

What is the asking price?

The asking price for this property is $479,900.

What are key features of this property?

This property features: Two side‑by‑side residential units: one with 3 bedrooms and 2 full baths; the other with 4 bedrooms and 1‑1/2 baths; 3‑car oversized garage with office, storage, workshop space and a second‑floor loft; Garage has a separate electric meter and dedicated bathroom