Six-Unit Apartment
140 N 3rd Street, Columbia, PA 17512
For Sale
New
$625,000
Fully leased apartments include individual kitchens and bathrooms, with off-street parking and a rear courtyard.
Property Size3,892 SF
Price / SF$160.59
Days on Market3
Property Features for 140 N 3rd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
courtyard
Partial
Natural Gas
Yes
Electric,Natural Gas
No
Assessor
Ceiling Fan(s)
No Pool
Public
118
0.00 x 0.00
0.14
On Street,Off Street
Satellite Dish
26900.00
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Elite
(717) 553-2500
Listed By:
Kalif Chaque Coates · License #RS379200
(717) 405-2500
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 11:46PM
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 Keller Williams Elite
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Investment Insights
Based on property information with market context.
This three-story apartment building contains six self-contained units, each with its own kitchen and bathroom. The property offers 3,892 square feet of living area, and all six apartments are currently occupied. Built in 1890, the building is zoned 118 APT: 6 FAM DWLG.
Off-street parking for 3 to 4 vehicles is available at the rear, and a courtyard sits along the property's left rear side. The address is 140 N 3rd Street in Columbia, Pennsylvania.
Off-street parking for 3 to 4 vehicles is available at the rear, and a courtyard sits along the property's left rear side. The address is 140 N 3rd Street in Columbia, Pennsylvania.
Key Highlights
- Six individually equipped apartments, each with a kitchen and bathroom
- 3,892 square feet of living area in a three‑story building
- All 6 units currently occupied
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
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
$221,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Fully leased apartments include individual kitchens and bathrooms, with off-street parking and a rear 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 equipped apartments, each with a kitchen and bathroom; 3,892 square feet of living area in a three‑story building; All 6 units currently occupied
