Remodeled Duplex with Separate
15 South Ann Street Lancaster, PA 17602
New
For Sale
$380,000
Fully remodeled duplex with two units, each served by separate electric, gas, and water meters.
Property Size2,110 SF
Price / SF$180.09
Days on Market7
Property Features for 15 South Ann Street
General Information
- Standard status
- Active
- Size
- 2,110 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
JRHeller.com LLC
(717) 475-7129
Listed By:
Logan Kyle Chappel · License #RM425893
(717) 475-7129
Source:
Compass
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 26 at 11:11AM
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 JRHeller.com LLC
Investment Insights
Based on property information with market context.
This fully remodeled duplex features two residential units: a spacious 4-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Each unit has separate electric, gas, and water meters, supporting straightforward utility management. Improvements include brand-new natural gas forced-air furnaces and central air conditioning for both units.
Located in Lancaster City in Lancaster County, the property is listed with the School District of Lancaster.
The duplex offers two distinct, separately metered living spaces with modern heating and cooling systems already in place.
Located in Lancaster City in Lancaster County, the property is listed with the School District of Lancaster.
The duplex offers two distinct, separately metered living spaces with modern heating and cooling systems already in place.
Key Highlights
- Fully remodeled duplex in Lancaster City with a 4‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit
- Each unit has separate electric, gas, and water meters for easier individual utility management
- Brand‑new natural gas forced‑air furnaces and central air conditioning in both units
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 | $34.2k | $16.20 |
| − Vacancy | −$513 | −$0.24 |
| EGI | $33.7k | $15.96 |
| − OpEx | −$10.1k | −$4.79 |
| NOI | $23.6k | $11.17 |
2,110 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,568 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,785 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$707.1K
$618.7K – $824.9K
NOI $49,495 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully remodeled duplex with two units, each served by separate electric, gas, and water meters.
Where is this duplex located?
The property is located at 15 South Ann Street Lancaster, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Fully remodeled duplex in Lancaster City with a 4‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit; Each unit has separate electric, gas, and water meters for easier individual utility management; Brand‑new natural gas forced‑air furnaces and central air conditioning in both units
