Duplex with Fenced Rear
139-141 HOWARD AVENUE, Lancaster, PA 17602
For Sale
New
$349,000
Two distinct residences offer a three-bedroom layout and a separate two-bedroom unit.
Property Size2,080 SF
Price / SF$167.79
Days on Market5
Property Features for 139-141 HOWARD AVENUE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Top Shelf Real Estate
(717) 947-3900
Listed By:
Calvin L. Yoder · License PA RM426273
(717) 413-0744
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:52PM
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 Top Shelf Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate living units totaling 2,080 square feet. The residence at 139 Howard Avenue has three bedrooms and 1.5 bathrooms; the unit at 141 Howard Avenue has two bedrooms and one full bathroom. A fenced rear yard provides shared outdoor space, and the building dates to 1880.
Key Highlights
- Two separate residential units
- 139 Howard Avenue unit: 3 bedrooms and 1.5 bathrooms
- 141 Howard Avenue unit: 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,233
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,660
$464.7K
Cap Rate 7%
$331,900
$331.9K
Cap Rate 9%
$258,144
$258.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$33.7K $16.20/SF
− Vacancy
−$505 −$0.24/SF
EGI
$33.2K $15.96/SF
− OpEx
−$10.0K −$4.79/SF
NOI
$23.2K $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%
$464,660
Cap Rate 7%
$331,900
Cap Rate 9%
$258,144
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,233 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$292.7K
$256.1K – $341.5K
NOI $20,489 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,791 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Lancaster, PA
Properties on Market for Duplexes in Lancaster
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer a three-bedroom layout and a separate two-bedroom unit.
Where is this duplex located?
The property is located at 139-141 HOWARD AVENUE Lancaster, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two separate residential units; 139 Howard Avenue unit: 3 bedrooms and 1.5 bathrooms; 141 Howard Avenue unit: 2 bedrooms and 1 full bathroom
