Two-Unit Residential Income
251 S CHARLOTTE ST Manheim, PA 17545
New
251 S CHARLOTTE ST, Manheim, PA, 17545
$291,000
For Sale
$291,000
MULTI_FAMILY - Colonial - MANHEIM, PA
Property Size1,924 SF
Price / SF$151.25
Days on Market3
Property Features for 251 S CHARLOTTE ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking
- 1
- Parking features
- On Street, Garage - Detached, Off Street
- Interior features
- Bar, Bathroom - Tub Shower, Carpet, Flat, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Wood Floors, Combination Dining/Living
- Appliances
- Stove, Refrigerator, Dryer - Electric, Washer, WaterHeater, Water Heater - Tankless
- Standard status
- Active
- Size
- 1,924 SF
Taxes and HOA fees
- Tax Annual Amount
- 3578
Utilities
- Heating system
- Hot Water(Heating), Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1910
- Number of units
- 2
- Architectural style
- Colonial
Listing Agency
Realty ONE Group Unlimited
(717) 569-1700
415 N Prince Street unit: 100, Lancaster, PA
Listed by
Renee L Mitchell-Treier · License #RS329351
(717) 917-1515
Added: Jul 16 Checked: Jul 18 at 1:06 am
MLS# PALA2090392
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 two-unit residential income property includes two separate addresses, 251 S Charlotte St and 253 S Charlotte St, each with off-street parking. The 251 S Charlotte St unit features 2 bedrooms and 2 full bathrooms, a spacious living room, dining room, eat-in kitchen, a one-car garage, and off-street parking. Improvements and features listed include baseboard heat, a tankless water heater, all-electric appliances, a new breaker box, new windows, fresh paint, and washer and dryer.
The 253 S Charlotte St unit offers 1 bedroom with 1 bathroom plus den, along with living room, dining room, and an eat-in kitchen. Additional items noted for this unit include a shed and off-street parking. For operating expenses, the landlord pays water, sewer, and trash for the 251 S Charlotte St unit, while the 253 S Charlotte St unit lists landlord payment for water, sewer, trash, and oil heat.
Utilities responsibility is described as tenant-paid electric for both units, and electric stove and refrigerator are noted among the updates for the 253 S Charlotte St unit, along with a new water heater and new breaker box.
The 253 S Charlotte St unit offers 1 bedroom with 1 bathroom plus den, along with living room, dining room, and an eat-in kitchen. Additional items noted for this unit include a shed and off-street parking. For operating expenses, the landlord pays water, sewer, and trash for the 251 S Charlotte St unit, while the 253 S Charlotte St unit lists landlord payment for water, sewer, trash, and oil heat.
Utilities responsibility is described as tenant-paid electric for both units, and electric stove and refrigerator are noted among the updates for the 253 S Charlotte St unit, along with a new water heater and new breaker box.
Key Highlights
- Colonial‑style property built in 1910 with carpet, wood floors, and open/traditional floor plan layouts
- 251 S Charlotte St unit: 2 bedrooms and 2 full bathrooms with living room, dining room, eat‑in kitchen and one‑car detached garage
- 251 S Charlotte St current rent is $1,180/month; landlord pays water, sewer, and trash, tenant pays electric
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 | $31.2k | $16.20 |
| − Vacancy | −$468 | −$0.24 |
| EGI | $30.7k | $15.96 |
| − OpEx | −$9.2k | −$4.79 |
| NOI | $21.5k | $11.17 |
1,924 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.0K
$268.6K – $358.2K
NOI $21,491 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$270.7K
$236.9K – $315.9K
NOI $18,952 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$644.7K
$564.2K – $752.2K
NOI $45,132 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units include off-street parking and multiple recent updates, with landlord-paid water, sewer, and trash for each unit.
Where is this duplex located?
The property is located at 251 S CHARLOTTE ST Manheim, PA.
What is the asking price?
The asking price for this property is $291,000.
What are key features of this property?
This property features: Colonial‑style property built in 1910 with carpet, wood floors, and open/traditional floor plan layouts; 251 S Charlotte St unit: 2 bedrooms and 2 full bathrooms with living room, dining room, eat‑in kitchen and one‑car detached garage; 251 S Charlotte St current rent is $1,180/month; landlord pays water, sewer, and trash, tenant pays electric
