Updated Duplex with
For Sale
$329,900
Pending
111 W FRANKLIN STREET, Ephrata, PA 17522
Two residential units offer refreshed interiors, separate utilities, and flexible owner-occupant or rental use.
Property Size2,248 SF
Days on Market63
Property Features for 111 W FRANKLIN STREET
General Information
Standard status
Pending
Size
2,248 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Lisa Graham · License #RS337963
(717) 572-7236
Source:
Cummingsrealtors
Added: Aug 13
Changed: Oct 13
Last Checked: Oct 12 at 8:17PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 2,248-square-foot duplex, built in 1910, includes two separately metered residential units with refreshed interiors. Both residences have new LVP flooring, fresh paint, and high ceilings. Unit 111 includes a living room, dining room, kitchen, laundry room, full bathroom, and two to three bedrooms. Unit 113 offers similar main-level living areas, a spacious kitchen, a large laundry room, two bedrooms, two full bathrooms, and an office or flex room. Recent property improvements include a new roof and new electrical panels.
Each unit has a detached one-car garage with electricity. The garages provide parking, storage, or workshop space, and each has a manual door. Unit 111 is tenant occupied, with tenants interested in remaining. Both homes have backyard access, while Unit 113 also includes a deck. The property is in downtown Ephrata, within walking distance of shops, restaurants, and the rail trail, with public parking across the street.
Each unit has a detached one-car garage with electricity. The garages provide parking, storage, or workshop space, and each has a manual door. Unit 111 is tenant occupied, with tenants interested in remaining. Both homes have backyard access, while Unit 113 also includes a deck. The property is in downtown Ephrata, within walking distance of shops, restaurants, and the rail trail, with public parking across the street.
Key Highlights
- 2,248‑square‑foot duplex built in 1910
- Two units with separate utilities and electrical panels
- New roof, new LVP flooring, and fresh paint in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,110
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,200
$502.2K
Cap Rate 7%
$358,714
$358.7K
Cap Rate 9%
$279,000
$279.0K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$36.4K $16.20/SF
− Vacancy
−$546 −$0.24/SF
EGI
$35.9K $15.96/SF
− OpEx
−$10.8K −$4.79/SF
NOI
$25.1K $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%
$502,200
Cap Rate 7%
$358,714
Cap Rate 9%
$279,000
Alternative Uses
Best Use
Multifamily LT 5
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$316.3K
$276.8K – $369.1K
NOI $22,144 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$753.3K
$659.2K – $878.9K
NOI $52,732 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
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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?
Duplex - Two residential units offer refreshed interiors, separate utilities, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 111 W FRANKLIN STREET Ephrata, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,248‑square‑foot duplex built in 1910; Two units with separate utilities and electrical panels; New roof, new LVP flooring, and fresh paint in both units
