Listing Agency: Avanti Real Estate Group Show Phone

Listed By: Aly Diaz Show Phone

Source: Exprealty

Added: Jul 23 Changed: Aug 8 Last Checked: Aug 8 at 7:44AM

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Investment Insights

Based on property information with market context.

This 5-unit apartment building at 22 Lee Park Ave in Hanover Township, PA includes a 4,000-square-foot parking lot, a dry basement, and recently installed electrical panels. One four-bedroom unit is vacant and ready for a new tenant, providing immediate leasing availability within the property.

The owner pays water, which is an established operating arrangement for the building. The available unit’s rent is projected in the property information, while the existing unit count and on-site parking provide a clear framework for evaluating the multifamily asset.

Key Highlights

• 5‑unit apartment building at 22 Lee Park Ave, Hanover Township, PA
• 4,000‑square‑foot parking lot
• Four‑bedroom unit recently became vacant and is ready for a new tenant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

715

Businesses Nearby

Explore this area Business Placement

Demographics for 18706, PA

16,338

Population

7,675

Households

2.1

Avg Household Size

43

Median Age

20%

College-Educated

91%

High-School Grad

26.3 sq mi

ZIP Area

621

Density / Sq Mi

$57,546

Median Household Income

$38,381

Median Earnings

$883

Median Rent

$121,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Updated electrical panels, a dry basement, and an available four-bedroom unit support leasing flexibility.

Where is this apartment building located?

The property is located at 22 Lee Park Ave Hanover Township, 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: 5‑unit apartment building at 22 Lee Park Ave, Hanover Township, PA; 4,000‑square‑foot parking lot; Four‑bedroom unit recently became vacant and is ready for a new tenant