Side-by-Side
129-131 N MARKET Street, Elizabethtown, PA 17022
For Sale
New
$299,900
Multi-Family, ELIZABETHTOWN, PA
Property Size2,214 SF
Lot Size0.14 Acres
Price / SF$135.46
Days on Market1
Property Features for 129-131 N MARKET Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Appliances
Subdivision
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
RE/MAX Pinnacle · RE/MAX International
(717) 361-9200
Listed By:
Gregory P Grogan · License PA RS273228
(717) 951-2565
Added: Nov 12
Last Checked: Nov 12 at 6:06PM
MLS# PALA2098820
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.
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Investment Insights
Based on property information with market context.
This 2,214-square-foot, side-by-side duplex contains two residences, each with approximately 1,100 square feet, three bedrooms, and one full bathroom. The building dates to 1930 and sits on a 0.14-acre lot. Separate natural gas hot water heating systems and electric services serve the units; each also has a natural gas water heater. Replacement windows are installed, and the kitchens and bathrooms were updated around 2005. The 129 side is in good condition, while the 131 side needs improvement. Off-street parking accommodates at least 4 vehicles, with on-street parking also listed.
Both units are occupied under month-to-month leases. Tenants pay gas, electric, and water, and reimburse the landlord for sewer and trash costs.
Both units are occupied under month-to-month leases. Tenants pay gas, electric, and water, and reimburse the landlord for sewer and trash costs.
Key Highlights
- Two residences, each with approximately 1,100 square feet, 3 bedrooms, and 1 full bathroom
- 2,214‑square‑foot building on a 0.14‑acre lot
- Off‑street parking for at least 4 vehicles; on‑street parking is also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,730
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,600
$494.6K
Cap Rate 7%
$353,286
$353.3K
Cap Rate 9%
$274,778
$274.8K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$35.9K $16.20/SF
− Vacancy
−$538 −$0.24/SF
EGI
$35.3K $15.96/SF
− OpEx
−$10.6K −$4.79/SF
NOI
$24.7K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,600
Cap Rate 7%
$353,286
Cap Rate 9%
$274,778
Alternative Uses
Best Use
Multifamily LT 5
$353.3K
$309.1K – $412.2K
NOI $24,730 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$311.6K
$272.6K – $363.5K
NOI $21,809 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$741.9K
$649.2K – $865.6K
NOI $51,935 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
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Business Placement
Demographics for 17022, PA
31,163
Population
12,950
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
55.0 sq mi
ZIP Area
567
Density / Sq Mi
$79,075
Median Household Income
$42,844
Median Earnings
$1,381
Median Rent
$272,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lancaster County, PA
Properties on Market for Duplexes in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and one full bath, with separate natural gas heating and electric service.
Where is this duplex located?
The property is located at 129-131 N MARKET Street Elizabethtown, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residences, each with approximately 1,100 square feet, 3 bedrooms, and 1 full bathroom; 2,214‑square‑foot building on a 0.14‑acre lot; Off‑street parking for at least 4 vehicles; on‑street parking is also available
