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Turn-Key Three-Unit Multifamily Property

125 E WASHINGTON Street Elizabethtown, PA 17022

Claim this Listing
New
For Sale
$435,000

MULTI_FAMILY - Colonial - ELIZABETHTOWN, PA

Property size:
3,223 SF
Lot size:
0.25 Acres
Price / SF:
$134.97/SF
Added:
Jul 13, 2026
Days on Market:
2
Last Refresh:
Jul 14 at 8:06 am

Property Features for 125 E WASHINGTON Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking
8
Parking features
On Street, Garage - Detached, Driveway, Off Street
Interior features
Bathroom - Soaking Tub, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space
Fireplace
1
Appliances
Dryer - Electric, Exhaust Fan, Humidifier, Oven/Range - Electric, Range Hood, Refrigerator, Washer, WaterHeater
Standard status
Active
Size
3,223 SF
Lot size
0.25 Acres

Taxes and HOA fees

Tax Annual Amount
5370

Utilities

Heating system
Steam, Baseboard, Electric (Heating)
Cooling system
Window Unit(s)

Building Details

Year built
1920
Number of units
3
Building materials
Vinyl Siding, Mixed Plumbing, Stick Built
Architectural style
Colonial

Listing agent Kimberly B Rudis License #RS302299

Listing office Realty ONE Group Unlimited 415 N Prince Street unit: 100, Lancaster, PA

Listing date Jul 13, 2026

MLS# PALA2090990 Listing URL

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.


Investment Insights

Based on property information with market context.

This turn-key three-unit multifamily property is set up with private entrances for each unit and a shared laundry room with a washer and dryer accessible by all three units. The units are described as spacious, with living rooms, full-sized eat-in kitchens, large bedrooms, and private bathrooms. The main floor unit is arranged on two levels and could function as a 2- or 3-bedroom layout.

The home includes two separate 1-car garages, a large owners shed, and six off-street parking spaces, along with a rear and side yard that has been maintained for tenant enjoyment. The property is listed as conveniently located in downtown Elizabethtown at 125 E Washington Street.

Recent interior updates include new kitchen/living room flooring and a new bathroom in 2024, with new bedroom flooring added in 2025.

Key Highlights

  • 3‑unit multi‑family property built in 1920 with a Colonial architectural style
  • Each unit has its own private entrance and a private bathroom; units include spacious living areas and eat‑in kitchens
  • Main‑floor unit spans two levels (lower and main) and could be configured as a 2 or 3 bedroom

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 (±1% cap)
NOI $36,001 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$453.5K
$396.9K – $529.1K (±1% cap)
NOI $31,748 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.08M
$945.0K – $1.26M (±1% cap)
NOI $75,603 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage Electrical Service Grocery & Convenience Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Daycare Center Florist (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three well-kept units feature private entrances and shared laundry, plus two 1-car garages and six 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: 3‑unit multi‑family property built in 1920 with a Colonial architectural style; Each unit has its own private entrance and a private bathroom; units include spacious living areas and eat‑in kitchens; Main‑floor unit spans two levels (lower and main) and could be configured as a 2 or 3 bedroom
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