Updated Triplex with Detached
For Sale
$399,900
106 E KING Street, Littlestown, PA 17340
Multi-Family, LITTLESTOWN, PA
Property Size2,687 SF
Lot Size0.14 Acres
Price / SF$148.83
Days on Market12
Property Features for 106 E KING Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
2
Parking features
Garage - Detached, Off Street, On Street
Fireplace
1
Appliances
Stove, Refrigerator
Elementary school district
LITTLESTOWN AREA
Middle school district
LITTLESTOWN AREA
High school district
LITTLESTOWN AREA
Standard status
Active
Size
2,687 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4052
Utilities
Heating system
Hot Water(Heating)
Amenities
fireplace
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Keller Williams Keystone Realty · Keller Williams Realty
(717) 755-5599
Listed By:
Ernestina Paola Glace · License #RS345267
(443) 966-1960
Added: Sep 12
Changed: Sep 17
Last Checked: Sep 23 at 7:06PM
MLS# PAAD2025366
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.
Located at 106 E King Street in Littlestown, this 2,687-square-foot Victorian triplex dates to 1900 and includes three distinct apartments. The unit mix comprises two bedrooms in Unit 1, one bedroom in Unit 2, and three bedrooms in Unit 3. Interior improvements include hardwood flooring, luxury vinyl plank flooring, custom woodwork, refreshed and remodeled bathrooms, updated kitchen cabinetry and countertops, and a tiled shower. Unit 1 also includes a fireplace.
Two apartments are currently rented, while the one-bedroom Unit 2 is vacant. The property includes stove and refrigerator appliances, hot water heat, brick construction, and parking options that include off-street spaces, a detached garage, and on-street parking. The 0.14-acre parcel is positioned near shops, dining, parks, and commuter routes in Littlestown, PA.
Two apartments are currently rented, while the one-bedroom Unit 2 is vacant. The property includes stove and refrigerator appliances, hot water heat, brick construction, and parking options that include off-street spaces, a detached garage, and on-street parking. The 0.14-acre parcel is positioned near shops, dining, parks, and commuter routes in Littlestown, PA.
Key Highlights
- Three‑unit triplex with 2,687 square feet of building area
- Unit mix includes 2‑bedroom, 1‑bedroom, and 3‑bedroom apartments
- One apartment is vacant; the other two units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,900
$247.9K
Cap Rate 7%
$177,071
$177.1K
Cap Rate 9%
$137,722
$137.7K
Market Conditions
NOI Build-Up for 2,687 SF
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.
Gross rent
$18.7K $6.96/SF
− Vacancy
−$995 −$0.37/SF
EGI
$17.7K $6.59/SF
− OpEx
−$5.3K −$1.98/SF
NOI
$12.4K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,900
Cap Rate 7%
$177,071
Cap Rate 9%
$137,722
Alternative Uses
Best Use
Multifamily LT 5
$177.1K
$154.9K – $206.6K
NOI $12,395 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,384 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$494.9K
$433.0K – $577.4K
NOI $34,642 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 17340, PA
11,238
Population
4,489
Households
2.5
Avg Household Size
45
Median Age
19%
College-Educated
92%
High-School Grad
39.4 sq mi
ZIP Area
285
Density / Sq Mi
$84,858
Median Household Income
$43,271
Median Earnings
$1,179
Median Rent
$276,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit Victorian property with renovated interiors, off-street parking, and one vacant apartment for owner occupancy or leasing.
Where is this triplex located?
The property is located at 106 E KING Street Littlestown, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,687 square feet of building area; Unit mix includes 2‑bedroom, 1‑bedroom, and 3‑bedroom apartments; One apartment is vacant; the other two units are currently rented
