Building Details

Year Built 1946

Buildings 2

Stories 1

Listing Agency: Stoltzfus Realty o***@stoltzfusrealty.com

Listed By: John Stoltzfus · License #RM425371 Show Phone

Source: Cummingsrealtors

Added: Oct 20 Changed: Oct 27 Last Checked: Oct 26 at 3:02PM

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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 Stoltzfus Realty

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Investment Insights

Based on property information with market context.

This 2,592-square-foot quadplex, built in 1946, comprises three single-story two-bedroom apartments and a separate single-story three-bedroom apartment. The three-unit building received a metal roof in 2026; the separate apartment has an attached 25' x 13' garage. Each unit has electric baseboard heat, an LP water heater, and 100-amp electrical service. All four apartments are occupied and provide rental income. The separate unit received new windows and interior updates in 2020, and Unit 2 had windows, kitchen cabinets, and countertops replaced in 2023.

The property occupies 1 acre in Strasburg Township, within the Lampeter-Strasburg School District. A gravel driveway and off-street parking serve the site. Routes 272 and 372 provide access to Quarryville, Willow Street, and other Lancaster County communities. The property is scheduled for auction on November 9, 2026, at 4 p.m.

Key Highlights

• Four occupied apartments: three two‑bedroom units and one three‑bedroom unit
• 2,592 square feet on 1 acre; built in 1946
• Separate three‑bedroom apartment has an attached 25' x 13' garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,952

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$579,040 $579.0K

Cap Rate 7%

$413,600 $413.6K

Cap Rate 9%

$321,689 $321.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,592 SF

Gross rent

$42.0K $16.20/SF

− Vacancy

−$630 −$0.24/SF

EGI

$41.4K $15.96/SF

− OpEx

−$12.4K −$4.79/SF

NOI

$29.0K $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%

$579,040

Cap Rate 7%

$413,600

Cap Rate 9%

$321,689

Alternative Uses

Best Use

Multifamily LT 5

$413.6K

$361.9K – $482.5K (±1% cap)

NOI $28,952 @ 7.0% cap · market cap 5.79%

Second Best

Apartment 5plus

$364.7K

$319.2K – $425.5K (±1% cap)

NOI $25,532 @ 7.0% cap · market cap 5.11%

Theoretical Best

Office A

$868.6K

$760.0K – $1.01M (±1% cap)

NOI $60,802 @ 7.0% cap · market cap 12.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 17584, PA

10,409

Population

4,999

Households

2.1

Avg Household Size

51

Median Age

42%

College-Educated

95%

High-School Grad

14.8 sq mi

ZIP Area

703

Density / Sq Mi

$106,363

Median Household Income

$46,321

Median Earnings

$2,022

Median Rent

$296,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Three apartments have two bedrooms, while the separate three-bedroom unit includes an attached garage.

Where is this quadplex located?

The property is located at 1578 BEAVER VALLEY PIKE Willow Street, PA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Four occupied apartments: three two‑bedroom units and one three‑bedroom unit; 2,592 square feet on 1 acre; built in 1946; Separate three‑bedroom apartment has an attached 25' x 13' garage