Six-Unit Apartment
140 N 3RD Street, Columbia, PA 17512
For Sale
$625,000
Multi-Family, COLUMBIA, PA
Property Size3,892 SF
Lot Size0.14 Acres
Price / SF$160.59
Days on Market96
Property Features for 140 N 3RD Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Appliances
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
Amenities
courtyard
Building Details
Year built
Number of units
Building materials
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(717) 553-2500
Listed By:
Kalif Chaque Coates · License PA RS379200
(717) 405-2500
Added: Aug 11
Changed: Oct 27
Last Checked: Nov 14 at 12:06AM
MLS# PALA2092800
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.
Located at 140 N 3RD Street in Columbia, Pennsylvania, this three-story apartment building contains six individually configured units within 3,892 square feet. Each apartment includes a private kitchen and bathroom, while the property’s brick and masonry construction dates to 1890. Interior features include ceiling fans, dishwashers, and refrigerators, with heating provided through forced air, electric, heat pump, and baseboard systems.
All six units are currently rented. The 0.14-acre property includes 3 to 4 off-street parking spaces at the rear, along with on-street parking and a rear courtyard. A basement is also included in the building’s room configuration.
All six units are currently rented. The 0.14-acre property includes 3 to 4 off-street parking spaces at the rear, along with on-street parking and a rear courtyard. A basement is also included in the building’s room configuration.
Key Highlights
- Six individually self‑contained apartment units, each with a kitchen and bathroom
- 3,892 square feet of living space in a three‑story building
- All six units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,338
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,760
$766.8K
Cap Rate 7%
$547,686
$547.7K
Cap Rate 9%
$425,978
$426.0K
Market Conditions
NOI Build-Up for 3,892 SF
Gross rent
$70.1K $18.00/SF
− Vacancy
−$350 −$0.09/SF
EGI
$69.7K $17.91/SF
− OpEx
−$31.4K −$8.06/SF
NOI
$38.3K $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%
$766,760
Cap Rate 7%
$547,686
Cap Rate 9%
$425,978
Alternative Uses
Best Use
Apartment 5plus
$547.7K
$479.2K – $639.0K
NOI $38,338 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,296 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
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Business Placement
Demographics for 17512, PA
18,267
Population
8,255
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
16.0 sq mi
ZIP Area
1,142
Density / Sq Mi
$61,130
Median Household Income
$42,702
Median Earnings
$1,067
Median Rent
$221,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lancaster County, PA
Properties on Market for Apartment buildings in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story apartment property with separate kitchens and bathrooms, rear parking, and a courtyard.
Where is this apartment building located?
The property is located at 140 N 3RD Street Columbia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Six individually self‑contained apartment units, each with a kitchen and bathroom; 3,892 square feet of living space in a three‑story building; All six units are currently rented
