Turn-Key Three-Unit Residential
125 E WASHINGTON STREET Elizabethtown, PA 17022
125 E WASHINGTON STREET, Elizabethtown, PA, 17022
$435,000
Pending
For Sale
$435,000
Pending
Well-kept three-unit property with private entrances, shared laundry, and multiple off-street parking spaces.
Property Size3,223 SF
Days on Market10
Property Features for 125 E WASHINGTON STREET
General Information
- Standard status
- Pending
- Size
- 3,223 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1920
Listing agency
Realty ONE Group Unlimited
(717) 572-3818
Listed by
Kimberly B Rudis · License #RS302299
(717) 572-3818
Source
Cummingsrealtors
Added: Jul 13 Updated: Jul 22 at 12:34AM Checked: Jul 22 at 5:19AM
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 Realty ONE Group Unlimited
Investment Insights
Based on property information with market context.
This turn-key three-unit residential property is well-kept and designed for comfortable, independent living within one building. All three units have private entrances on each level and include spacious living areas, full-sized eat-in kitchens, large bedrooms, and private bathrooms. Residents share access to a dedicated laundry room with a washer and dryer. Recent updates include new kitchen/living room flooring and a new bathroom in 2024, with new bedroom flooring added in 2025.
The property is conveniently located in downtown Elizabethtown. It also includes two separate 1-car garages, a large owner’s shed, and six off-street parking spaces, along with a rear and side yard that has been maintained by the owner.
The main floor unit spans two levels and could support a 2 or 3 bedroom configuration. The overall layout is oriented around independent unit entries and in-building shared laundry access.
The property is conveniently located in downtown Elizabethtown. It also includes two separate 1-car garages, a large owner’s shed, and six off-street parking spaces, along with a rear and side yard that has been maintained by the owner.
The main floor unit spans two levels and could support a 2 or 3 bedroom configuration. The overall layout is oriented around independent unit entries and in-building shared laundry access.
Key Highlights
- Well‑kept 3‑unit multi‑family property built in 1920 in downtown Elizabethtown
- Each unit has its own private entrance on each level
- Shared laundry room with washer and dryer accessible by all three units
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 | $52.2k | $16.20 |
| − Vacancy | −$783 | −$0.24 |
| EGI | $51.4k | $15.96 |
| − OpEx | −$15.4k | −$4.79 |
| NOI | $36.0k | $11.17 |
3,223 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.3K
$450.0K – $600.0K
NOI $36,001 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$453.5K
$396.9K – $529.1K
NOI $31,748 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.08M
$945.0K – $1.26M
NOI $75,603 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-kept three-unit property with private entrances, shared laundry, and multiple off-street parking spaces.
Where is this triplex located?
The property is located at 125 E WASHINGTON STREET Elizabethtown, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Well‑kept 3‑unit multi‑family property built in 1920 in downtown Elizabethtown; Each unit has its own private entrance on each level; Shared laundry room with washer and dryer accessible by all three units
