Four-Unit Duplex
For Sale
$775,000
Pending
15 Stoltzfus Ln, Leola, PA 17540
Two separate duplex buildings offer varied residential layouts, individual HVAC systems, basements, porches, and a fenced rear yard.
Property Size4,253 SF
Lot Size0.43 Acres
Days on Market50
Property Features for 15 Stoltzfus Ln
General Information
Standard status
Pending
Size
4,253 SF
Lot size
0.43 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Additional Details
Gross Income
$67,800
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,645
Amenities
blacktop wrap-around driveway
shade trees
professional landscaping
private fenced backyard
inviting front porches
Building Details
Buildings
2
Listing Agency:
William Penn Real Estate Assoc
(717) 629-1928
Listed By:
Chester Lapp · License #RS320255
(717) 629-1928
Source:
Exprealty
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 24 at 11:03AM
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 William Penn Real Estate Assoc
Investment Insights
Based on property information with market context.
This multifamily property includes two detached duplex buildings on a 0.43-acre parcel, with four residences totaling 4,253 square feet. The first building contains two three-bedroom, two-bath units with large kitchens, dining areas, family rooms, basements, vinyl windows, and HVAC systems. The second building offers two-bedroom, two-bath units with spacious kitchens, living rooms, separate HVAC systems, natural gas furnaces, and front porches.
Site improvements include a blacktop wrap-around driveway, mature shade trees, professional landscaping, public utilities, and a private fenced backyard. The property is located at 15 Stoltzfus Ln in Leola, Pennsylvania.
Site improvements include a blacktop wrap-around driveway, mature shade trees, professional landscaping, public utilities, and a private fenced backyard. The property is located at 15 Stoltzfus Ln in Leola, Pennsylvania.
Key Highlights
- Two separate duplex buildings with four total residential units
- 4,253 square feet on a 0.43‑acre parcel
- Unit mix includes two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$950,120
$950.1K
Cap Rate 7%
$678,657
$678.7K
Cap Rate 9%
$527,844
$527.8K
Market Conditions
NOI Build-Up for 4,253 SF
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.
Gross rent
$68.9K $16.20/SF
− Vacancy
−$1.0K −$0.24/SF
EGI
$67.9K $15.96/SF
− OpEx
−$20.4K −$4.79/SF
NOI
$47.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$950,120
Cap Rate 7%
$678,657
Cap Rate 9%
$527,844
Alternative Uses
Best Use
Multifamily LT 5
$678.7K
$593.8K – $791.8K
NOI $47,506 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,764 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 17540, PA
10,821
Population
4,068
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
20.9 sq mi
ZIP Area
518
Density / Sq Mi
$83,229
Median Household Income
$46,756
Median Earnings
$1,329
Median Rent
$319,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate duplex buildings offer varied residential layouts, individual HVAC systems, basements, porches, and a fenced rear yard.
Where is this duplex located?
The property is located at 15 Stoltzfus Ln Leola, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two separate duplex buildings with four total residential units; 4,253 square feet on a 0.43‑acre parcel; Unit mix includes two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences
