Building Details

Year Built 1900

Buildings 1

Listing Agency: Turn Key Realty Group m***@mkcapital-realestate.com Show Phone

Listed By: Mauri Balsbaugh · License #RS347688 Show Phone

Source: Cummingsrealtors

Added: Aug 9 Changed: Aug 22 Last Checked: Aug 22 at 4:39AM

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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 Turn Key Realty Group

Investment Insights

Based on property information with market context.

This triplex contains three units within a 3,892-square-foot building constructed in 1900. The property also includes two garage spaces that are rented, adding separate income-producing components to the asset.

Key Highlights

• 3‑unit building
• 3,892 SF building
• Two garage spaces 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

$38,618

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

8.98%

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%

$772,360 $772.4K

Cap Rate 7%

$551,686 $551.7K

Cap Rate 9%

$429,089 $429.1K

Market Conditions

NOI Build-Up for 3,892 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

$58.4K $15.00/SF

− Vacancy

−$3.2K −$0.83/SF

EGI

$55.2K $14.17/SF

− OpEx

−$16.6K −$4.25/SF

NOI

$38.6K $9.92/SF

Area

York County, PA

Vacancy

5.50%

Lease Rate

$15.00 /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%

$772,360

Cap Rate 7%

$551,686

Cap Rate 9%

$429,089

Alternative Uses

Best Use

Multifamily LT 5

$551.7K

$482.7K – $643.6K (±1% cap)

NOI $38,618 @ 7.0% cap · market cap 8.98%

Second Best

Apartment 5plus

$512.5K

$448.4K – $597.9K (±1% cap)

NOI $35,872 @ 7.0% cap · market cap 8.34%

Theoretical Best

Office A

$1.13M

$986.0K – $1.31M (±1% cap)

NOI $78,881 @ 7.0% cap · market cap 18.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Electrical Service Storage Facility Plumbing Service Kitchen & Bath Showroom

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Explore this area Business Placement

Demographics for 17319, PA

10,950

Population

4,386

Households

2.5

Avg Household Size

40

Median Age

25%

College-Educated

98%

High-School Grad

16.8 sq mi

ZIP Area

652

Density / Sq Mi

$101,610

Median Household Income

$48,737

Median Earnings

$1,147

Median Rent

$230,100

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

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What type of property is this? Where is this triplexes 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?

Triplex - Three-unit income property with two rented garage spaces and a long-standing construction date.

Where is this triplex located?

The property is located at 110 N YORK STREET Etters, PA.

What is the asking price?

The asking price for this property is $429,900.

What are key features of this property?

This property features: 3‑unit building; 3,892 SF building; Two garage spaces currently rented