3-Unit
211 S CHARLOTTE Street, Manheim, PA 17545
For Sale
$425,000
Multi-Family, MANHEIM, PA
Property Size2,928 SF
Lot Size0.02 Acres
Price / SF$145.15
Days on Market48
Property Features for 211 S CHARLOTTE Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Subdivision
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Lime House
(717) 840-1355
Listed By:
Aaron Glick · License #RS374368
(717) 259-3930
Added: Sep 21
Changed: Oct 29
Last Checked: Nov 7 at 9:06AM
MLS# PALA2093666
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1930, this three-unit residential property has separate rental spaces, with updates underway in some units. The building has frame construction with metal siding, ductless cooling, and hot water heating. Parking options include both on-street and off-street spaces.
The property sits in Manheim Borough near downtown, shopping, restaurants, local services, and major routes. Its lot measures 0.02 acres.
The property sits in Manheim Borough near downtown, shopping, restaurants, local services, and major routes. Its lot measures 0.02 acres.
Key Highlights
- Three separate rental units
- Updates underway in some units
- Built in 1930
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
$271,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Some apartments are being updated within the existing rental configuration.
Where is this triplex located?
The property is located at 211 S CHARLOTTE Street 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 separate rental units; Updates underway in some units; Built in 1930
