Building Details

Building Size 995 SF

Year Built 1980

Listing Agency: Coldwell Banker Realty

Listed By: Keith Byron Lucas · License #RS349341 Show Phone

Source: Theheiligteam

Added: Oct 21, 2025 Changed: Nov 1 Last Checked: Nov 1 at 1:47AM

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Investment Insights

Based on property information with market context.

This 995-square-foot condominium has two bedrooms and two bathrooms. Kitchen improvements include stainless steel appliances, granite countertops, and a tile backsplash; the interior also has updated lighting, fresh paint, and luxury vinyl plank flooring. The unit was built in 1980 and is currently tenant-occupied.

The homeowners association manages common-area maintenance, lawn care, and snow removal. Community amenities include a pool and clubhouse.

Key Highlights

• Two bedrooms and two bathrooms in 995 square feet
• Kitchen features stainless steel appliances, granite countertops, and a tile backsplash
• Luxury vinyl plank flooring, updated lighting, and fresh paint

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,404

Cap Rate

5.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$168,080 $168.1K

Cap Rate 7%

$120,057 $120.1K

Cap Rate 9%

$93,378 $93.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 995 SF

Gross rent

$16.2K $16.32/SF

− Vacancy

−$958 −$0.96/SF

EGI

$15.3K $15.36/SF

− OpEx

−$6.9K −$6.91/SF

NOI

$8.4K $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 Rate 5%

$168,080

Cap Rate 7%

$120,057

Cap Rate 9%

$93,378

Alternative Uses

Best Use

Apartment 5plus

$120.1K

$105.1K – $140.1K (±1% cap)

NOI $8,404 @ 7.0% cap · market cap 5.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$231.1K

$202.2K – $269.7K (±1% cap)

NOI $16,179 @ 7.0% cap · market cap 9.81%

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

1

Residential units

Location Intelligence

Trade Area within ½ mile

66

Businesses Nearby

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Demographics for 17025, PA

17,664

Population

7,661

Households

2.3

Avg Household Size

42

Median Age

37%

College-Educated

94%

High-School Grad

15.0 sq mi

ZIP Area

1,178

Density / Sq Mi

$89,750

Median Household Income

$53,654

Median Earnings

$1,155

Median Rent

$242,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The association handles common-area upkeep, lawn care, and snow removal, with a pool and clubhouse available to residents.

Where is this residential income property located?

The property is located at 221 LEE COURT Enola, PA.

What is the asking price?

The asking price for this property is $164,900.

What are key features of this property?

This property features: Two bedrooms and two bathrooms in 995 square feet; Kitchen features stainless steel appliances, granite countertops, and a tile backsplash; Luxury vinyl plank flooring, updated lighting, and fresh paint