Two-Unit Residential Income
203 Lincoln Avenue Ephrata, PA 17522
New
203 Lincoln Avenue, Ephrata, PA, 17522
$375,000
For Sale
$375,000
Two separate units with off-street parking, laundry in-unit, and newer roof and siding.
Property Size2,748 SF
Price / SF$136.46
Days on Market7
Property Features for 203 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,748 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(717) 629-2227
Listed by
Wendell Huyard · License #RS298371
(717) 629-2227
Source
Compass
Added: Jul 16 Updated: Jul 21 at 6:46PM Checked: Jul 21 at 6:46PM
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 duplex offers two separate residential units in a split upper and lower configuration. Apartment 1 includes two bedrooms and one bathroom with vinyl plank flooring, baseboard heat, and a full eat-in kitchen, plus a living area and a family room in a walk-out basement that can also be used as a third bedroom. Apartment 2 also has two bedrooms and one bathroom, with a newer kitchen and laminate and carpet flooring, along with a balcony.
Both units include full laundry space. The property is supported by off-street parking and a backyard, and the exterior has newer roof and siding for low-maintenance ownership.
Each unit is designed as a self-contained living space with its own laundry area, helping create flexibility for owner-occupants or tenants.
Both units include full laundry space. The property is supported by off-street parking and a backyard, and the exterior has newer roof and siding for low-maintenance ownership.
Each unit is designed as a self-contained living space with its own laundry area, helping create flexibility for owner-occupants or tenants.
Key Highlights
- Solid 2‑unit property in Ephrata with separate upper/lower style units
- Off‑street parking plus a backyard
- Each unit includes in‑unit full laundry space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $16.20 |
| − Vacancy | −$668 | −$0.24 |
| EGI | $43.8k | $15.96 |
| − OpEx | −$13.2k | −$4.79 |
| NOI | $30.7k | $11.17 |
2,748 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.5K
$383.7K – $511.6K
NOI $30,695 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$386.7K
$338.4K – $451.2K
NOI $27,069 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$920.9K
$805.8K – $1.07M
NOI $64,461 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units with off-street parking, laundry in-unit, and newer roof and siding.
Where is this duplex located?
The property is located at 203 Lincoln Avenue Ephrata, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Solid 2‑unit property in Ephrata with separate upper/lower style units; Off‑street parking plus a backyard; Each unit includes in‑unit full laundry space
