Building Details

Year Built 1920

Year Renovated 1990

Buildings 1

Stories 4

Units 7

Tenancy Multi

Listing Agency: Landmark Commercial Realty

Listed By: Mike Rohm, CCIM, MAI · License #RS333048

Source: Crexi

Added: Mar 20 Changed: Aug 8 Last Checked: Aug 9 at 12:14PM

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Investment Insights

Based on property information with market context.

11 Spruce Street is a 7-unit multifamily property in Mountville Borough that was originally constructed in 1920 as a wallpaper factory and later converted into townhome-style apartment units. The building offers spacious 3- and 4-story loft-style layouts and includes three 2-bedroom/2.5-bath units and four 2-bedroom/2-bath units. Each unit features in-unit laundry, individual hot water tanks, and separately metered utilities for gas and electric, with original hardwood flooring, tile kitchens, and high ceilings.

The property is located in a quiet residential neighborhood adjacent to Veterans Memorial Park, with convenient access described as just minutes from Route 30 for connectivity to Lancaster, York, and surrounding employment centers. Off-street parking is available, and one unit is currently vacant.

Units are configured as loft-style, multi-level living spaces, supported by separate metering and individual hot water tanks intended to simplify utility management across the building. The mix of 2-bedroom layouts provides a consistent rental product within the community.

Key Highlights

• 7‑unit multifamily property originally built in 1920 as a wallpaper factory and later converted to apartment‑style units
• Approximately 17,500 SF with spacious 3- and 4‑story loft‑style layouts
• Unit mix: three 2BR/2.5BA units and four 2BR/2BA units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Electrical Service Pharmacy HVAC Service Restaurant (Bike/Boat/Book/etc) Store

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

7

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

192

Businesses Nearby

Explore this area Business Placement

Demographics for 17554, PA

8,042

Population

3,115

Households

2.6

Avg Household Size

39

Median Age

32%

College-Educated

93%

High-School Grad

3.1 sq mi

ZIP Area

2,594

Density / Sq Mi

$95,516

Median Household Income

$48,248

Median Earnings

$1,346

Median Rent

$270,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Seven apartment units in a converted 1920 factory offer in-unit laundry and separately metered gas and electric.

Where is this apartment building located?

The property is located at 11 Spruce Street Mountville, PA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 7‑unit multifamily property originally built in 1920 as a wallpaper factory and later converted to apartment‑style units; Approximately 17,500 SF with spacious 3- and 4‑story loft‑style layouts; Unit mix: three 2BR/2.5BA units and four 2BR/2BA units