3-Unit Triplex with Detached
1526 W MAIN STREET, Ephrata, PA 17522
For Sale
$359,900
Pending
A detached two-bay garage provides additional storage or workshop space.
Property Size2,814 SF
Days on Market51
Property Features for 1526 W MAIN STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Hauenstein Agency, Inc.
(717) 733-4158
Listed By:
Kevin Kohl · License PA RM421992
(717) 733-9194
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 12 at 7:52AM
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 Hauenstein Agency, Inc.
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Investment Insights
Based on property information with market context.
At 1526 W Main Street in Ephrata Borough, this 2,814-square-foot triplex has two second-floor one-bedroom apartments and a larger first-floor residence with three bedrooms. The first-floor unit also includes a living room, eat-in kitchen, storage room, and separate laundry area. One of the upstairs apartments is vacant; the other is occupied. Electric baseboard heat serves both second-floor units, while the first-floor apartment has oil heat.
The detached two-bay garage has its own electric service and includes two storage areas that can also serve as workshop space. The property was built in 1900 and has three new hot water heaters and some replacement windows.
The detached two-bay garage has its own electric service and includes two storage areas that can also serve as workshop space. The property was built in 1900 and has three new hot water heaters and some replacement windows.
Key Highlights
- Three apartments: two second‑floor one‑bedroom units and one first‑floor three‑bedroom unit
- 2,814 square feet in Ephrata Borough
- One second‑floor apartment is vacant; the other is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,432
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,640
$628.6K
Cap Rate 7%
$449,029
$449.0K
Cap Rate 9%
$349,244
$349.2K
Market Conditions
NOI Build-Up for 2,814 SF
Gross rent
$45.6K $16.20/SF
− Vacancy
−$684 −$0.24/SF
EGI
$44.9K $15.96/SF
− OpEx
−$13.5K −$4.79/SF
NOI
$31.4K $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%
$628,640
Cap Rate 7%
$449,029
Cap Rate 9%
$349,244
Alternative Uses
Best Use
Multifamily LT 5
$449.0K
$392.9K – $523.9K
NOI $31,432 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$396.0K
$346.5K – $462.0K
NOI $27,719 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$943.0K
$825.1K – $1.10M
NOI $66,009 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Lancaster County, PA
Properties on Market for Triplexes in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A detached two-bay garage provides additional storage or workshop space.
Where is this triplex located?
The property is located at 1526 W MAIN STREET Ephrata, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Three apartments: two second‑floor one‑bedroom units and one first‑floor three‑bedroom unit; 2,814 square feet in Ephrata Borough; One second‑floor apartment is vacant; the other is occupied
