Restored Duplex with Log
For Sale
$395,500
110-114 E MARKET ST, Marietta, PA 17547
Two-unit property combines a three-bedroom residence with a separate one-bedroom apartment and bonus room.
Property Size3,180 SF
Price / SF$124.37
Days on Market55
Property Features for 110-114 E MARKET ST
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Multi-family
Listing Agency:
Donegal Real Estate
(717) 426-4350
Listed By:
Robert W. Heiserman Jr. · License #RB041683L
(717) 330-2966
Source:
Imanirealtors
Added: Aug 26
Changed: Oct 2
Last Checked: Oct 16 at 8:21AM
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 Donegal Real Estate
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Investment Insights
Based on property information with market context.
This duplex at 110-114 E Market St includes a restored residence and a separate apartment within a building originally constructed around 1810 as a log home. The historic log construction was later covered with pebble dash stucco, and the property was converted into two units around 1900.
The main residence offers three bedrooms, one and a half baths, wood floors, a covered rear porch, and small rear and side yards. The apartment includes one bedroom, a bonus room, and one and a half baths. The property is currently rented, with the tenant wishing to remain.
The main residence offers three bedrooms, one and a half baths, wood floors, a covered rear porch, and small rear and side yards. The apartment includes one bedroom, a bonus room, and one and a half baths. The property is currently rented, with the tenant wishing to remain.
Key Highlights
- Duplex originally constructed around 1810 as a log home
- Converted into 2 units around 1900
- Main residence has 3 bedrooms, 1.5 baths, wood floors, and covered rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,520
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,400
$710.4K
Cap Rate 7%
$507,429
$507.4K
Cap Rate 9%
$394,667
$394.7K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$51.5K $16.20/SF
− Vacancy
−$773 −$0.24/SF
EGI
$50.7K $15.96/SF
− OpEx
−$15.2K −$4.79/SF
NOI
$35.5K $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%
$710,400
Cap Rate 7%
$507,429
Cap Rate 9%
$394,667
Alternative Uses
Best Use
Multifamily LT 5
$507.4K
$444.0K – $592.0K
NOI $35,520 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$447.5K
$391.6K – $522.1K
NOI $31,325 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.07M
$932.4K – $1.24M
NOI $74,595 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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Business Placement
Demographics for 17547, PA
8,166
Population
3,538
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
12.0 sq mi
ZIP Area
681
Density / Sq Mi
$90,801
Median Household Income
$45,702
Median Earnings
$1,139
Median Rent
$243,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property combines a three-bedroom residence with a separate one-bedroom apartment and bonus room.
Where is this duplex located?
The property is located at 110-114 E MARKET ST Marietta, PA.
What is the asking price?
The asking price for this property is $395,500.
What are key features of this property?
This property features: Duplex originally constructed around 1810 as a log home; Converted into 2 units around 1900; Main residence has 3 bedrooms, 1.5 baths, wood floors, and covered rear porch
