Duplex with
For Sale
$425,000
1625 STATE STREET, East Petersburg, PA 17520
Two separate units are complemented by a garage with a half bath and additional flexible space.
Property Size2,440 SF
Price / SF$174.18
Days on Market11
Property Features for 1625 STATE STREET
General Information
Standard status
Active
Size
2,440 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1915
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 393-0100
Listed By:
Sandy Collins · License #RS-0038941
(717) 203-8431
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 24 at 5:38PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This 2,440-square-foot duplex was built in 1915 and includes two residential units. A one-car garage has a half bath and additional space that can accommodate storage, workshop use, or hobbies. The property also has a backyard with room for outdoor activities.
The two-unit configuration allows for separate residential spaces, while the garage and adjoining area add utility beyond the living units.
The two-unit configuration allows for separate residential spaces, while the garage and adjoining area add utility beyond the living units.
Key Highlights
- Two‑unit duplex with 2,440 square feet
- Built in 1915
- One‑car garage includes a half bath and additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,255
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,100
$545.1K
Cap Rate 7%
$389,357
$389.4K
Cap Rate 9%
$302,833
$302.8K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$39.5K $16.20/SF
− Vacancy
−$593 −$0.24/SF
EGI
$38.9K $15.96/SF
− OpEx
−$11.7K −$4.79/SF
NOI
$27.3K $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%
$545,100
Cap Rate 7%
$389,357
Cap Rate 9%
$302,833
Alternative Uses
Best Use
Multifamily LT 5
$389.4K
$340.7K – $454.3K
NOI $27,255 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$343.4K
$300.4K – $400.6K
NOI $24,035 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$817.7K
$715.5K – $953.9K
NOI $57,236 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 17520, PA
4,863
Population
2,221
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
2,702
Density / Sq Mi
$86,489
Median Household Income
$42,355
Median Earnings
$1,370
Median Rent
$252,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units are complemented by a garage with a half bath and additional flexible space.
Where is this duplex located?
The property is located at 1625 STATE STREET East Petersburg, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,440 square feet; Built in 1915; One‑car garage includes a half bath and additional space
