Turn-Key Three-Unit Multifamily
125 E WASHINGTON Street Elizabethtown, PA 17022
New
125 E WASHINGTON Street, Elizabethtown, PA, 17022
$435,000
For Sale
$435,000
MULTI_FAMILY - Colonial - ELIZABETHTOWN, PA
Property Size3,223 SF
Lot Size0.25 Acres
Price / SF$134.97
Days on Market6
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 Agency
Realty ONE Group Unlimited
(717) 569-1700
415 N Prince Street unit: 100, Lancaster, PA
Listed by
Kimberly B Rudis · License #RS302299
(717) 572-3818
Added: Jul 13 Checked: Jul 18 at 5:06 am
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.
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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
