Two-Unit Duplex with Rented
236 N FRANKLIN Street Lancaster, PA 17602
236 N FRANKLIN Street, Lancaster, PA, 17602
$289,900
For Sale
$289,900
MULTI_FAMILY - Other - LANCASTER, PA
Property Size1,997 SF
Lot Size0.03 Acres
Price / SF$145.17
Days on Market46
Property Features for 236 N FRANKLIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage - Attached, On Street
- Interior features
- Wood Floors
- Appliances
- Oven/Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 1,997 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4568
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing Agency
Hostetter Realty LLC
(717) 354-6416
321 E Main Street, NEW HOLLAND, PA
Listed by
John J Glick
(717) 598-7490
Added: Jun 3 Checked: Jul 18 at 1:06 am
MLS# PALA2088930
Listing URL
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.
Investment Insights
Based on property information with market context.
This well-maintained two-unit duplex includes two spacious units totaling approximately 1,997 square feet. In addition to the residential space, the property has a separately rented garage, creating an extra income source alongside the duplex units.
Located in Lancaster City, the property is described as being convenient to downtown Lancaster, shopping, restaurants, schools, and local colleges. The centralized setting is intended to support tenant draw by placing day-to-day needs within reach.
For buyers seeking a straightforward residential income property, this duplex configuration provides two separate rental units plus the option to realize additional revenue from the garage. The overall setup is well-suited for owner-occupants and investors looking for manageable scale within a compact lot. With the duplex and garage both identified as income-producing components, the property’s layout supports a practical, diversified rental arrangement within a single asset.
Located in Lancaster City, the property is described as being convenient to downtown Lancaster, shopping, restaurants, schools, and local colleges. The centralized setting is intended to support tenant draw by placing day-to-day needs within reach.
For buyers seeking a straightforward residential income property, this duplex configuration provides two separate rental units plus the option to realize additional revenue from the garage. The overall setup is well-suited for owner-occupants and investors looking for manageable scale within a compact lot. With the duplex and garage both identified as income-producing components, the property’s layout supports a practical, diversified rental arrangement within a single asset.
Key Highlights
- Well‑maintained 2‑unit duplex with approximately 1,997 sq ft total living area
- Separately rented garage provides additional supplemental income
- Brick/masonry construction with wood floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$485 | −$0.24 |
| EGI | $31.9k | $15.96 |
| − OpEx | −$9.6k | −$4.79 |
| NOI | $22.3k | $11.17 |
1,997 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.8K – $371.8K
NOI $22,306 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,671 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$669.2K
$585.6K – $780.7K
NOI $46,844 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units and a separately rented garage, offering income-producing flexibility for owners.
Where is this duplex located?
The property is located at 236 N FRANKLIN Street Lancaster, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Well‑maintained 2‑unit duplex with approximately 1,997 sq ft total living area; Separately rented garage provides additional supplemental income; Brick/masonry construction with wood floors
