Duplex with Detached Three-Bay
For Sale
$400,000
1917 OLD ROUTE 22, Lenhartsville, PA 19534
Two separate living units, extensive parking, and a detached garage support flexible residential income use.
Property Size2,304 SF
Lot Size0.92 Acres
Price / SF$173.61
Days on Market12
Property Features for 1917 OLD ROUTE 22
General Information
Standard status
Active
Size
2,304 SF
Lot size
0.92 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
deck
central air
generator hookup
Building Details
Year Built
1930
Construction
cape cod
Listing Agency:
Coldwell Banker Realty
(610) 334-5513
Listed By:
Denise J Specht · License #AB069741
(610) 334-5513
Source:
Cummingsrealtors
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 1:49PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex includes two distinct living units within a Cape Cod-style residence. The first-floor unit offers three bedrooms, a living room, eat-in kitchen, newer bath, TV or bonus room, and an office with built-in cabinetry. The second-floor apartment also has three bedrooms, a living room, eat-in kitchen, bath with fiberglass shower, and laundry hookups in the kitchen. Central air, a deck, generator hookup, and ample parking add practical functionality.
The property occupies 0.92 acres at 1917 Old Route 22 in Lenhartsville, with mountain and Blue Rocks views, mature trees, and a landscaped side yard. A detached block garage provides three bays with 12-foot-high doors, concrete flooring, electric service, and a pit beneath one bay. Built in 1930, the property combines residential living space with substantial accessory storage and work areas.
The property occupies 0.92 acres at 1917 Old Route 22 in Lenhartsville, with mountain and Blue Rocks views, mature trees, and a landscaped side yard. A detached block garage provides three bays with 12-foot-high doors, concrete flooring, electric service, and a pit beneath one bay. Built in 1930, the property combines residential living space with substantial accessory storage and work areas.
Key Highlights
- Two separate living units with 3 bedrooms in each
- 2,304‑square‑foot duplex on a 0.92‑acre parcel
- Detached 3‑bay block garage with 12' high doors
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
$22,714
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
5.68%
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%
$454,280
$454.3K
Cap Rate 7%
$324,486
$324.5K
Cap Rate 9%
$252,378
$252.4K
Market Conditions
NOI Build-Up for 2,304 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
$33.7K $14.64/SF
− Vacancy
−$1.3K −$0.56/SF
EGI
$32.4K $14.08/SF
− OpEx
−$9.7K −$4.23/SF
NOI
$22.7K $9.86/SF
Area
Berks County, PA
Vacancy
3.80%
Lease Rate
$14.64 /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%
$454,280
Cap Rate 7%
$324,486
Cap Rate 9%
$252,378
Alternative Uses
Best Use
Multifamily LT 5
$324.5K
$283.9K – $378.6K
NOI $22,714 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$283.6K
$248.2K – $330.9K
NOI $19,853 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$378.2K
$331.0K – $441.3K
NOI $26,476 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 19534, PA
2,065
Population
866
Households
2.4
Avg Household Size
47
Median Age
33%
College-Educated
89%
High-School Grad
25.0 sq mi
ZIP Area
83
Density / Sq Mi
$75,917
Median Household Income
$42,549
Median Earnings
$961
Median Rent
$288,300
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 separate living units, extensive parking, and a detached garage support flexible residential income use.
Where is this duplex located?
The property is located at 1917 OLD ROUTE 22 Lenhartsville, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two separate living units with 3 bedrooms in each; 2,304‑square‑foot duplex on a 0.92‑acre parcel; Detached 3‑bay block garage with 12' high doors
