Detached Colonial Multifamily
For Sale
$239,900
206 Herman Ave, Lemoyne, PA 17043
Detached Colonial property with forced-air heating and natural gas service.
Property Size1,410 SF
Price / SF$170.14
Days on Market154
Property Features for 206 Herman Ave
General Information
Standard status
Active
Size
1,410 SF
Total Parking Spaces
1
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,615
Amenities
Forced Air, Natural Gas
Electric Water Heater
On Street, Detached
Colonial
Building Details
Building Size
1,410 SF
Year Built
1990
Listing Agency:
Peak Asset Realty
(717) 587-2424
Listed By:
Sheldon Zimmerman
(717) 587-2424
Source:
Evrealestate
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 2:06AM
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 Peak Asset Realty
Investment Insights
Based on property information with market context.
This detached Colonial multifamily property was built in 1990 and includes forced-air heating, natural gas service, and an electric water heater. On-street parking is identified among the exterior features.
The property is located on Herman Ave in Lemoyne, Cumberland County, Pennsylvania.
The property is located on Herman Ave in Lemoyne, Cumberland County, Pennsylvania.
Key Highlights
- Detached Colonial design
- Built in 1990
- Forced‑air heating with natural gas
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
$11,909
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
4.96%
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%
$238,180
$238.2K
Cap Rate 7%
$170,129
$170.1K
Cap Rate 9%
$132,322
$132.3K
Market Conditions
NOI Build-Up for 1,410 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
$23.0K $16.32/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$21.7K $15.36/SF
− OpEx
−$9.7K −$6.91/SF
NOI
$11.9K $8.45/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$16.32 /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%
$238,180
Cap Rate 7%
$170,129
Cap Rate 9%
$132,322
Alternative Uses
Best Use
Apartment 5plus
$170.1K
$148.9K – $198.5K
NOI $11,909 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.5K
$286.6K – $382.1K
NOI $22,927 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
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?
Multifamily property - Detached Colonial property with forced-air heating and natural gas service.
Where is this multifamily property located?
The property is located at 206 Herman Ave Lemoyne, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Detached Colonial design; Built in 1990; Forced‑air heating with natural gas
