Side-by-Side
For Sale
$299,900
1710-1712 Temple Ave, Lancaster, PA 17603
Two single-level residences feature private entrances, front decks, functional kitchens, and tenant occupancy on flexible month-to-month leases.
Property Size1,152 SF
Price / SF$260.33
Days on Market97
Property Features for 1710-1712 Temple Ave
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1962
Tenancy
Multi
Listing Agency:
Lusk & Associates Sotheby's International Realty
Listed By:
Anne M Lusk · License #RS210178L
(717) 271-9339
Source:
Baltimoreharfordhomesforsale
Added: Jun 15
Changed: Sep 19
Last Checked: Sep 19 at 6:18AM
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 Lusk & Associates Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1962, this 1,152-square-foot duplex contains two side-by-side one-bedroom, one-bath residences. Each unit has a separate entrance, private front deck, single-level floor plan, living area, kitchen with range and refrigerator, full bathroom with tub/shower combination, built-in storage, insulated windows, and window treatments. Both residences are currently occupied under month-to-month leases.
The property occupies a corner lot at 1710-1712 Temple Ave in Lancaster, Pennsylvania, with mature trees along the rear. Exterior features include gutters, lighting, sidewalks, and paved off-street parking provided by a four-car driveway. Its setting places the property near shopping, dining, parks, schools, and major commuter routes.
The property occupies a corner lot at 1710-1712 Temple Ave in Lancaster, Pennsylvania, with mature trees along the rear. Exterior features include gutters, lighting, sidewalks, and paved off-street parking provided by a four-car driveway. Its setting places the property near shopping, dining, parks, schools, and major commuter routes.
Key Highlights
- Two one‑bedroom, one‑bath units in a side‑by‑side configuration
- 1,152 SF duplex built in 1962
- Both units tenant‑occupied on month‑to‑month leases
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
$12,868
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
4.29%
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%
$257,360
$257.4K
Cap Rate 7%
$183,829
$183.8K
Cap Rate 9%
$142,978
$143.0K
Market Conditions
NOI Build-Up for 1,152 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
$18.7K $16.20/SF
− Vacancy
−$280 −$0.24/SF
EGI
$18.4K $15.96/SF
− OpEx
−$5.5K −$4.79/SF
NOI
$12.9K $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%
$257,360
Cap Rate 7%
$183,829
Cap Rate 9%
$142,978
Alternative Uses
Best Use
Multifamily LT 5
$183.8K
$160.9K – $214.5K
NOI $12,868 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$386.0K
$337.8K – $450.4K
NOI $27,023 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences feature private entrances, front decks, functional kitchens, and tenant occupancy on flexible month-to-month leases.
Where is this duplex located?
The property is located at 1710-1712 Temple Ave Lancaster, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units in a side‑by‑side configuration; 1,152 SF duplex built in 1962; Both units tenant‑occupied on month‑to‑month leases
