3-Unit Triplex with Detached
New
For Sale
$359,900
1526 W MAIN STREET, Ephrata, PA 17522
A detached two-bay garage provides additional storage or workshop space.
Property Size2,814 SF
Price / SF$127.90
Days on Market5
Property Features for 1526 W MAIN STREET
General Information
Standard status
Active
Size
2,814 SF
Total Parking Spaces
2
Property subtype
Triplex
Units
Unit Mix
2 x 1BR, 1 x 3BR
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Hauenstein Agency, Inc.
(717) 733-4158
Listed By:
Kevin Kohl
(717) 733-9194
Source:
Cummingsrealtors
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:33PM
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.
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 = 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
$31,432
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
8.73%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
