Side-by-Side Duplex with
For Sale
$299,900
1710-1712 TEMPLE Avenue, Lancaster, PA 17603
Multi-Family, LANCASTER, PA
Property Size1,152 SF
Lot Size0.09 Acres
Price / SF$260.33
Days on Market59
Property Features for 1710-1712 TEMPLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Driveway, On Street
Interior features
Bathroom - Tub Shower, Built-Ins, Entry Level Bedroom, Window Treatments
Appliances
Oven/Range - Gas, Refrigerator
Elementary school district
PENN MANOR
Middle school district
PENN MANOR
High school district
PENN MANOR
Standard status
Active
Size
1,152 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2897
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
front decks
Building Details
Year built
1962
Number of units
2
Building materials
Frame, Vinyl Siding
Architectural style
Rambler
Listing Agency:
Lusk & Associates Sotheby's International Realty
(717) 291-9101
Listed By:
Anne M Lusk · License #RS210178L
(717) 271-9339
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 29 at 2:06AM
MLS# PALA2090334
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1962, this 1,152-square-foot duplex contains two one-bedroom, one-bath residences arranged side by side. Each unit has a separate entrance, front deck, living area, kitchen with gas range and refrigerator, bedroom, full bathroom with tub and shower, built-in storage, and insulated windows. Window treatments, forced-air heat, and window-unit cooling serve the residences. The property includes a basement and frame construction with vinyl siding.
The 0.09-acre corner parcel at 1710-1712 Temple Avenue in Lancaster, Pennsylvania, backs to mature trees and includes exterior lighting, gutters, sidewalks, and paved off-street parking. The four-car driveway supplements on-street parking. Both residences are tenant-occupied under month-to-month leases, and the single-level layouts provide straightforward access and maintenance.
The 0.09-acre corner parcel at 1710-1712 Temple Avenue in Lancaster, Pennsylvania, backs to mature trees and includes exterior lighting, gutters, sidewalks, and paved off-street parking. The four-car driveway supplements on-street parking. Both residences are tenant-occupied under month-to-month leases, and the single-level layouts provide straightforward access and maintenance.
Key Highlights
- Two one‑bedroom, one‑bath units in a side‑by‑side duplex
- 1,152 square feet on a 0.09‑acre corner lot
- Both units have private entrances and front decks
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
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer private entrances and single-level layouts.
Where is this duplex located?
The property is located at 1710-1712 TEMPLE Avenue 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 duplex; 1,152 square feet on a 0.09‑acre corner lot; Both units have private entrances and front decks
