Two-Unit Residential
218 N PLUM Street, Lancaster, PA 17602
For Sale
New
$350,000
Multi-Family, LANCASTER, PA
Property Size2,074 SF
Lot Size0.06 Acres
Price / SF$168.76
Days on Market2
Property Features for 218 N PLUM Street
General Information
Property type
Property subtype
Rooms
Parking features
Appliances
Subdivision
Elementary school
Middle school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
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:
EXP Realty, LLC
(888) 397-7352
Listed By:
Josh A Schoenly · License PA RS307071
(717) 510-1452
Added: Nov 10
Last Checked: Nov 11 at 7:06AM
MLS# PALA2098426
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.
This Lancaster duplex contains two residences with a combined 2,074 square feet of finished living area, five bedrooms, and two full bathrooms. Built in 1895, the property sits on a 0.06-acre corner lot. Interior details include hardwood and ceramic tile flooring, central air conditioning, and natural gas heat. One unit is rented; the other is vacant. Utilities are separately metered, and on-street parking is available.
The property is at 218 N Plum Street in Lancaster, Pennsylvania. Its configuration includes a basement, and the recorded construction materials include brick, stone, concrete, block, and frame.
The property is at 218 N Plum Street in Lancaster, Pennsylvania. Its configuration includes a basement, and the recorded construction materials include brick, stone, concrete, block, and frame.
Key Highlights
- Two residential units with 2,074 square feet of finished space combined
- Five bedrooms and two full bathrooms across the property
- One unit rented; the second is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,166
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,320
$463.3K
Cap Rate 7%
$330,943
$330.9K
Cap Rate 9%
$257,400
$257.4K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$33.6K $16.20/SF
− Vacancy
−$504 −$0.24/SF
EGI
$33.1K $15.96/SF
− OpEx
−$9.9K −$4.79/SF
NOI
$23.2K $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%
$463,320
Cap Rate 7%
$330,943
Cap Rate 9%
$257,400
Alternative Uses
Best Use
Multifamily LT 5
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$291.9K
$255.4K – $340.5K
NOI $20,430 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$695.0K
$608.1K – $810.9K
NOI $48,651 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lancaster, PA
Properties on Market for Duplexes in Lancaster
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters serve the two residences, with one currently occupied and the other vacant.
Where is this duplex located?
The property is located at 218 N PLUM Street Lancaster, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residential units with 2,074 square feet of finished space combined; Five bedrooms and two full bathrooms across the property; One unit rented; the second is vacant
