Five-Unit Apartment
For Sale
$674,900
1250 New Danville Pike, Lancaster, PA 17603
Occupied apartments with professional management and a separate five-unit storage shed on a 1.7-acre property.
Property Size3,637 SF
Lot Size1.70 Acres
Price / SF$185.57
Days on Market55
Property Features for 1250 New Danville Pike
General Information
Standard status
Active
Size
3,637 SF
Lot size
1.70 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,194
Listing Agency:
Hostetter Realty
(717) 786-6200
Listed By:
Tami J Shaub · License #RS203129L
(717) 529-0904
Source:
Exprealty
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 30 at 2:55PM
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 Hostetter Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property includes five units across 3,637 square feet, with each apartment occupied and professionally managed. The site also includes a separate five-unit storage shed, adding an additional income-producing component to the property.
The building sits on 1.7 acres along New Danville Pike in Lancaster, Pennsylvania, on a dead-end street just outside Lancaster City.
The building sits on 1.7 acres along New Danville Pike in Lancaster, Pennsylvania, on a dead-end street just outside Lancaster City.
Key Highlights
- Five‑unit apartment building
- 3,637 square feet on 1.7 acres
- All five apartments are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,826
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,520
$716.5K
Cap Rate 7%
$511,800
$511.8K
Cap Rate 9%
$398,067
$398.1K
Market Conditions
NOI Build-Up for 3,637 SF
Gross rent
$65.5K $18.00/SF
− Vacancy
−$327 −$0.09/SF
EGI
$65.1K $17.91/SF
− OpEx
−$29.3K −$8.06/SF
NOI
$35.8K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,520
Cap Rate 7%
$511,800
Cap Rate 9%
$398,067
Alternative Uses
Best Use
Apartment 5plus
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,315 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied apartments with professional management and a separate five-unit storage shed on a 1.7-acre property.
Where is this apartment building located?
The property is located at 1250 New Danville Pike Lancaster, PA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Five‑unit apartment building; 3,637 square feet on 1.7 acres; All five apartments are occupied
