Brick Multifamily
New
For Sale
$450,000
201 HATHAWAY PARK, Lebanon, PA 17042
Well-maintained building with security systems, fire detection, sprinklers, and parking options.
Property Size3,640 SF
Lot Size0.38 Acres
Price / SF$123.63
Days on Market3
Property Features for 201 HATHAWAY PARK
General Information
Standard status
Active
Size
3,640 SF
Lot size
0.38 Acres
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Amenities
electric alarm
fire detection system
comprehensive security system
Building Details
Year Built
1920
Construction
brick
Listing Agency:
Suburban Realty
(717) 867-4487
Listed By:
John J Miller · License #Rs299305
(717) 679-4863
Source:
Cummingsrealtors
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:05PM
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 Suburban Realty
Investment Insights
Based on property information with market context.
This 3,640-square-foot brick multifamily property was built in 1920 and occupies a 0.38-acre lot. The building includes 7 bedrooms and 5 1/2 baths, with hardwood and partially carpeted flooring. It was used as a rooming house for 11 years and is described as being in good condition.
Safety features include an electric alarm, fire detection system, comprehensive security system, and an indoor sprinkler system. Parking is available through both on-street spaces and a parking lot. The property is located near a hospital, adding a nearby institutional reference point to the setting.
Safety features include an electric alarm, fire detection system, comprehensive security system, and an indoor sprinkler system. Parking is available through both on-street spaces and a parking lot. The property is located near a hospital, adding a nearby institutional reference point to the setting.
Key Highlights
- 3,640‑square‑foot brick multifamily property built in 1920
- 7 bedrooms and 5 1/2 baths
- Situated on a 0.38‑acre lot
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
$30,227
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
6.72%
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%
$604,540
$604.5K
Cap Rate 7%
$431,814
$431.8K
Cap Rate 9%
$335,856
$335.9K
Market Conditions
NOI Build-Up for 3,640 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
$59.0K $16.20/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$55.0K $15.10/SF
− OpEx
−$24.7K −$6.79/SF
NOI
$30.2K $8.30/SF
Area
Lebanon County, PA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$604,540
Cap Rate 7%
$431,814
Cap Rate 9%
$335,856
Alternative Uses
Best Use
Apartment 5plus
$431.8K
$377.8K – $503.8K
NOI $30,227 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.4K
$747.6K – $996.8K
NOI $59,807 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 17042, PA
40,618
Population
17,067
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
67.7 sq mi
ZIP Area
600
Density / Sq Mi
$76,399
Median Household Income
$45,429
Median Earnings
$1,096
Median Rent
$222,200
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?
Multifamily property - Well-maintained building with security systems, fire detection, sprinklers, and parking options.
Where is this multifamily property located?
The property is located at 201 HATHAWAY PARK Lebanon, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,640‑square‑foot brick multifamily property built in 1920; 7 bedrooms and 5 1/2 baths; Situated on a 0.38‑acre lot
