Renovated Duplex with Separate
For Sale
$399,900
17 New Dorwart St, Lancaster, PA 17603
Both units are leased month to month, with appliances and laundry equipment included.
Property Size2,010 SF
Price / SF$198.96
Days on Market52
Property Features for 17 New Dorwart St
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
washer and dryer
Building Details
Year Built
1920
Year Renovated
2023
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Elite
Listed By:
Joshua Lucas Packer · License #RS352895
(717) 575-0328
Source:
Lancorealestate
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 7 at 5:29PM
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 Elite
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Investment Insights
Based on property information with market context.
This Lancaster duplex contains two residential units totaling 2,010 square feet. Originally built in 1920, the property received a comprehensive renovation in 2023, including a new roof, HVAC systems, windows, plumbing, electrical work, and interior finishes. Electrical service is separated between the units, and the sale includes the appliances along with a washer and dryer.
Located at 17 New Dorwart St in Lancaster, PA, the property is in the Cabbage Hill area of Lancaster City. Both units are currently leased on a month-to-month basis, providing an existing occupancy arrangement for a new owner. The two-unit layout also supports owner occupancy in one unit while the other remains leased, as described in the property information.
Located at 17 New Dorwart St in Lancaster, PA, the property is in the Cabbage Hill area of Lancaster City. Both units are currently leased on a month-to-month basis, providing an existing occupancy arrangement for a new owner. The two-unit layout also supports owner occupancy in one unit while the other remains leased, as described in the property information.
Key Highlights
- Two‑unit duplex with 2,010 square feet
- Comprehensively renovated in 2023
- New roof, HVAC, windows, plumbing, electrical, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,451
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,020
$449.0K
Cap Rate 7%
$320,729
$320.7K
Cap Rate 9%
$249,456
$249.5K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$32.6K $16.20/SF
− Vacancy
−$488 −$0.24/SF
EGI
$32.1K $15.96/SF
− OpEx
−$9.6K −$4.79/SF
NOI
$22.5K $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%
$449,020
Cap Rate 7%
$320,729
Cap Rate 9%
$249,456
Alternative Uses
Best Use
Multifamily LT 5
$320.7K
$280.6K – $374.2K
NOI $22,451 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$673.6K
$589.4K – $785.8K
NOI $47,149 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,266
Businesses Nearby
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Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
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 - Both units are leased month to month, with appliances and laundry equipment included.
Where is this duplex located?
The property is located at 17 New Dorwart St Lancaster, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,010 square feet; Comprehensively renovated in 2023; New roof, HVAC, windows, plumbing, electrical, and interior finishes
