404 N 2ND STREET Wormleysburg, PA 17043
Two-unit semi with long-term tenant and updated features.
Property Features for 404 N 2ND STREET
General Information
- Standard status
- Active
- Size
- 1,573 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1926
Listing office Keller Williams Keystone Realty (717) 891-1504
Listing date Jan 3, 2024
Source Exitrealty
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 Keller Williams Keystone Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Cash flowing investment property
- Two‑unit semi in extremely good condition
- Unit 1 has a long‑term tenant (20+ years) who wants to stay
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.7k | $14.40 |
| − Vacancy | −$1.3k | −$0.81 |
| EGI | $21.4k | $13.59 |
| − OpEx | −$6.4k | −$4.08 |
| NOI | $15.0k | $9.51 |
