Two-Building Four-Unit Rental
17 East Summit Street Mohnton, PA 19540
17 East Summit Street, Mohnton, PA, 19540
$589,999
For Sale
$589,999
Two-building four-unit multifamily property with two-bedroom units, separate entrances, and separately metered utilities.
Property Size3,434 SF
Price / SF$171.81
Days on Market154
Property Features for 17 East Summit Street
General Information
- Standard status
- Active
- Size
- 3,434 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Platinum Realty - Wyomissing
(610) 587-3034
Listed by
Nicholas Joseph Riegel · License #RS380522
(610) 587-3034
Source
Compass
Added: Feb 18 Updated: Jul 22 at 4:10PM Checked: Jul 22 at 4:10PM
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 Keller Williams Platinum Realty - Wyomissing
Investment Insights
Based on property information with market context.
This two-building four-unit multifamily property features all two-bedroom units, each with private, separate entrances. The layout includes a mix of direct front-porch access for two units and large, fully enclosed “Florida-style” sunrooms for the other two. One unit also has exclusive access to a large garage that provides space for parking and additional storage. Interior updates include updated flooring in most rooms, and laundry is split between in-unit washer/dryer for two units and access to basement laundry facilities for the remaining two.
Utilities are separately metered for electric and gas, with separate water heaters for each unit. Heating is provided by electric, oil, and gas. The roof has recent upgrades.
The property is located in Mohnton within the Governor Mifflin School District.
Utilities are separately metered for electric and gas, with separate water heaters for each unit. Heating is provided by electric, oil, and gas. The roof has recent upgrades.
The property is located in Mohnton within the Governor Mifflin School District.
Key Highlights
- Two‑building 4‑unit multifamily in Mohnton, with all units configured as 2‑bedroom homes
- Each unit has a private, separate entrance for added tenant privacy
- Utilities are separately metered: electric and gas, plus separate water heaters for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $14.64 |
| − Vacancy | −$1.9k | −$0.56 |
| EGI | $48.4k | $14.08 |
| − OpEx | −$14.5k | −$4.23 |
| NOI | $33.9k | $9.86 |
3,434 SF · lease $14.64/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.6K
$423.2K – $564.2K
NOI $33,854 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$422.7K
$369.9K – $493.2K
NOI $29,591 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$563.7K
$493.3K – $657.7K
NOI $39,461 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two-building four-unit multifamily property with two-bedroom units, separate entrances, and separately metered utilities.
Where is this quadplex located?
The property is located at 17 East Summit Street Mohnton, PA.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Two‑building 4‑unit multifamily in Mohnton, with all units configured as 2‑bedroom homes; Each unit has a private, separate entrance for added tenant privacy; Utilities are separately metered: electric and gas, plus separate water heaters for each unit
