Building Details

Buildings 2

Listing Agency: William Penn Real Estate Assoc e***@williampennassociates.com Show Phone

Listed By: Chester Lapp · License #RS320255 Show Phone

Source: Exprealty

Added: Jul 6 Changed: Oct 2 Last Checked: Oct 9 at 7:57PM

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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.

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 / Yr

$47,506

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $47,506 @ 7.0% cap · market cap 6.13%

Second Best

Apartment 5plus

$598.5K

$523.7K – $698.2K (±1% cap)

NOI $41,894 @ 7.0% cap · market cap 5.41%

Theoretical Best

Office A

$1.43M

$1.25M – $1.66M (±1% cap)

NOI $99,764 @ 7.0% cap · market cap 12.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center HVAC Service Hair Salon Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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