Three-Unit Multifamily
211 S Charlotte St, Manheim, PA 17545
For Sale
$425,000
Manheim Borough building with three rental units and ongoing updates to select interiors.
Property Size2,928 SF
Price / SF$145.15
Days on Market84
Property Features for 211 S Charlotte St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Lime House
Listed By:
Aaron Glick · License #RS374368
(717) 259-3930
Source:
Viewmarylandhomesforsale
Added: Aug 16
Changed: Nov 1
Last Checked: Nov 6 at 9:29AM
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 Lime House
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property contains three separate rental units within a spacious building on South Charlotte Street. Select units are being updated, offering a combination of completed improvements and additional work for a future owner to address.
The property is situated in Manheim Borough near downtown shopping, restaurants, and local services. Major routes provide connections throughout the surrounding Lancaster County area. Its three-unit arrangement supports several ownership approaches, including continued rental operation or owner occupancy with additional units leased separately.
The property is situated in Manheim Borough near downtown shopping, restaurants, and local services. Major routes provide connections throughout the surrounding Lancaster County area. Its three-unit arrangement supports several ownership approaches, including continued rental operation or owner occupancy with additional units leased separately.
Key Highlights
- Three‑unit multifamily building at 211 South Charlotte Street
- Approximately 2,928 square feet of property size
- Select units are currently being updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,705
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,100
$654.1K
Cap Rate 7%
$467,214
$467.2K
Cap Rate 9%
$363,389
$363.4K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$47.4K $16.20/SF
− Vacancy
−$712 −$0.24/SF
EGI
$46.7K $15.96/SF
− OpEx
−$14.0K −$4.79/SF
NOI
$32.7K $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 Rate 5%
$654,100
Cap Rate 7%
$467,214
Cap Rate 9%
$363,389
Alternative Uses
Best Use
Multifamily LT 5
$467.2K
$408.8K – $545.1K
NOI $32,705 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$412.0K
$360.5K – $480.7K
NOI $28,842 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$981.2K
$858.5K – $1.14M
NOI $68,683 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
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Business Placement
Demographics for 17545, PA
22,718
Population
9,382
Households
2.4
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
69.8 sq mi
ZIP Area
325
Density / Sq Mi
$87,589
Median Household Income
$47,755
Median Earnings
$1,325
Median Rent
$271,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Lancaster County, PA
Properties on Market for Triplexes in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Manheim Borough building with three rental units and ongoing updates to select interiors.
Where is this triplex located?
The property is located at 211 S Charlotte St Manheim, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit multifamily building at 211 South Charlotte Street; Approximately 2,928 square feet of property size; Select units are currently being updated
