Elizabethtown Two-Unit Multifamily
142 S POPLAR Street, Elizabethtown, PA 17022
MULTI_FAMILY - Other - ELIZABETHTOWN, PA
Property size:
1,742 SFLot size:
0.06 AcresPrice / SF:
$137/SF- Added:
- May 13, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 1 at 1:06 pm
Property Features for 142 S POPLAR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Off Street
- Standard status
- Active
- Size
- 1,742 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3099
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Ceiling Fan(s), Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing agent Phil Kuntz License #RS301741 (717) 575-8076
Listing office Berkshire Hathaway HomeServices Homesale Realty 950 N Hanover Street, Lancaster, PA (717) 367-3500
Listing date May 13, 2026
MLS# PALA2088126
Listing URL
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.
HighLights
- Two‑unit property in a central location, convenient to downtown and local amenities.
- Extensively remodeled second‑floor unit with new kitchen and bathroom.
- Rental income from both units: Unit 1 - $825/month, Unit 2 - $850/month.
- New sewer pipe installed in Fall 2025.
- Off‑street parking available.
- Attic space with potential for finishing into additional living space.
Overview
This two-unit multifamily property is located in the heart of Elizabethtown, Pennsylvania, offering convenient access to the downtown area and local amenities. Each unit features one bedroom and electric baseboard heat. The second-floor unit has been extensively remodeled, including new kitchen cabinets, countertops, a stove, and a microwave. The bathroom was renovated with a new tub shower, sink, and flooring, and laminate flooring was installed throughout the rest of the unit. The second-floor unit also has access to an attic, providing additional storage space that could potentially be finished into another bedroom and living area. The first-floor unit has a long-term tenant, and new bathroom flooring was recently installed. Washer and dryer hook-ups are available in the basement. Off-street parking is located to the rear of the property. New siding and gutters were installed in 2016, and a new sewer pipe was installed in the fall of 2025. The front porch has recently been painted. Unit 1 rents for $825, with the lease ending on 8/31/26. Unit 2 rents for $850, with the lease ending on 5/31/26. Both leases will transition to month-to-month agreements after their respective end dates. Tenants are responsible for their own water usage. The owner pays for trash and sewer, which amounts to $218 per quarter per unit. The property's insurance cost is $1160, and the taxes are $3099. The property size is 1742 square feet and the lot size is 0.06 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $16.20 |
| − Vacancy | −$423 | −$0.24 |
| EGI | $27.8k | $15.96 |
| − OpEx | −$8.3k | −$4.79 |
| NOI | $19.5k | $11.17 |
1,742 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$245.1K
$214.5K – $286.0K
NOI $17,160 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$583.8K
$510.8K – $681.1K
NOI $40,863 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.60647583
- Latitude
- 40.14871979
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property in the heart of Elizabethtown, Pennsylvania.
Where is this duplex located?
The property is located at 142 S POPLAR Street Elizabethtown, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit property in a central location, convenient to downtown and local amenities.; Extensively remodeled second‑floor unit with **new kitchen and bathroom.**; Rental income from both units: Unit 1 - $825/month, Unit 2 - $850/month.
