1240 MANOR Street, Columbia, PA 17512
MULTI_FAMILY - Other - COLUMBIA, PA
- Added:
- Jun 22, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 25 at 3:06 am
Property Features for 1240 MANOR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- On Street, Off Street, Garage - Detached
- Standard status
- Active
- Size
- 2,775 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5441
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing agent Christine Nolt License #RS332150 (717) 517-0407
Listing office Kingsway Realty - Lancaster 1770 Oregon Pike, Lancaster, PA (717) 569-8701
Listing date Jun 22, 2026
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.
HighLights
- Solid brick two‑story duplex built in 1950 with two separate units in a top‑and‑bottom layout
- Nearly 1,400 SF per unit with 2 bedrooms, original hardwood flooring, large eat‑in kitchen, and generously sized living areas
- Separate heat pumps with central air for both units; tenants pay electric (includes heat), and owner pays water, sewer, trash
- Tenants have access to a large private backyard
- Detached 36' x 26' pool barn at the rear of the lot is leased separately from the residential units
- Off‑street and on‑street parking plus a clean basement with tenant‑access washer and dryer
Overview
The property sits on a quiet street just outside Columbia. Off-street parking is available, and the rear yard and pool barn support separate use that can help diversify how space is monetized. Heat pumps provide heating and cooling for each unit, while the separate structure at the back of the lot remains dedicated to its own lease.
For tenants, the combination of two-bedroom layouts, original flooring, and shared basement laundry supports everyday livability. For owners, the duplex configuration provides two residential income sources alongside a separately leased pool barn, with utility responsibilities split so tenants pay electric (includes heat) and the owner covers water, sewer, and trash. This property is positioned as a practical small multifamily with an additional, separately managed revenue component.
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 | $45.0k | $16.20 |
| − Vacancy | −$674 | −$0.24 |
| EGI | $44.3k | $15.96 |
| − OpEx | −$13.3k | −$4.79 |
| NOI | $31.0k | $11.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.48451996
- Latitude
- 40.0273819
