Building Details

Year built 1960

Number of units 2

Building materials Vinyl Siding

Architectural style Other

Buildings 2

Listing Agency: Hostetter Realty d***@hostetterrealty.com Show Phone

Listed By: Tami J Shaub · License #RS203129L Show Phone

Added: Oct 29 Last Checked: Nov 1 at 4:06PM

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MLS# PALA2097992

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.

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Investment Insights

Based on property information with market context.

This multifamily property comprises two prefabricated homes on a 3.5-acre parcel. The front residence has 1,952 square feet, with three bedrooms and three bathrooms, and requires finishing work. The rear home contains 1,056 square feet, two bedrooms, and one bathroom. Both homes were built in 1960 and have vinyl siding, forced-air heat, and central air conditioning.

The property is within the Penn Manor School District. Parking includes a driveway and off-street spaces. Appliances listed for the property include a built-in microwave, dishwasher, refrigerator, stove, and water heater; washer and dryer hookups are also noted.

Key Highlights

• Two prefabricated homes on 3.5 acres
• Front home: 1,952 square feet, 3 bedrooms, 3 bathrooms; finishing work needed
• Rear home: 1,056 square feet, 2 bedrooms, 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,228

Cap Rate

3.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,560 $384.6K

Cap Rate 7%

$274,686 $274.7K

Cap Rate 9%

$213,644 $213.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,952 SF

Gross rent

$35.1K $18.00/SF

− Vacancy

−$176 −$0.09/SF

EGI

$35.0K $17.91/SF

− OpEx

−$15.7K −$8.06/SF

NOI

$19.2K $9.85/SF

Area

Lancaster County, PA

Vacancy

0.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,560

Cap Rate 7%

$274,686

Cap Rate 9%

$213,644

Alternative Uses

Best Use

Apartment 5plus

$274.7K

$240.4K – $320.5K (±1% cap)

NOI $19,228 @ 7.0% cap · market cap 3.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$654.1K

$572.4K – $763.2K (±1% cap)

NOI $45,789 @ 7.0% cap · market cap 9.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 17565, PA

2,646

Population

920

Households

2.9

Avg Household Size

42

Median Age

27%

College-Educated

91%

High-School Grad

13.3 sq mi

ZIP Area

199

Density / Sq Mi

$104,531

Median Household Income

$58,011

Median Earnings

$1,182

Median Rent

$323,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Two prefabricated homes occupy a 3.5-acre parcel in the Penn Manor School District.

Where is this multifamily property located?

The property is located at 121 HOUSE ROCK Road Pequea, PA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Two prefabricated homes on 3.5 acres; Front home: 1,952 square feet, 3 bedrooms, 3 bathrooms; finishing work needed; Rear home: 1,056 square feet, 2 bedrooms, 1 bathroom