Two-Unit Residential Income
For Sale
$289,900
28 S ROBERTS Avenue, New Holland, PA 17557
MULTI_FAMILY - Other - NEW HOLLAND, PA
Property Size1,616 SF
Lot Size0.11 Acres
Price / SF$179.39
Days on Market48
Property Features for 28 S ROBERTS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
3
Parking features
Garage - Detached, On Street, Off Street
Elementary school
NEW HOLLAND
Middle school
GARDEN SPOT M.S.
High school
GARDEN SPOT
Elementary school district
EASTERN LANCASTER COUNTY
Middle school district
EASTERN LANCASTER COUNTY
High school district
EASTERN LANCASTER COUNTY
Standard status
Active
Size
1,616 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2851
Utilities
Heating system
Forced Air, Baseboard, Electric (Heating)
Building Details
Year built
1900
Number of units
2
Building materials
Asbestos
Architectural style
Other
Listing Agency:
Hostetter Realty LLC
(717) 354-6416
Listed By:
Jacob Beiler · License #RS373503
(717) 940-7333
Added: Jun 18
Changed: Jul 20
Last Checked: Aug 4 at 5:06PM
MLS# PALA2090460
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 a first-floor 2-bedroom apartment and a second-floor setup with three individual room rentals that share a kitchen and bathroom. An additional detached garage is also rented, creating multiple revenue streams within the property.
The property is located at 28 S Roberts Avenue in New Holland, Pennsylvania (Lancaster County). According to the provided remarks, all units and the detached garage are rented, with monthly income reported as over $2,800 and the garage rental listed at $150 per month.
With 1,616 square feet of building size on a 0.11-acre lot, this is a straightforward duplex-style investment arrangement with distinct rental areas across both floors and the detached garage.
The property is located at 28 S Roberts Avenue in New Holland, Pennsylvania (Lancaster County). According to the provided remarks, all units and the detached garage are rented, with monthly income reported as over $2,800 and the garage rental listed at $150 per month.
With 1,616 square feet of building size on a 0.11-acre lot, this is a straightforward duplex-style investment arrangement with distinct rental areas across both floors and the detached garage.
Key Highlights
- 2‑unit investment property in New Holland: 1st‑floor 2‑bedroom apartment plus 2nd‑floor 3 individual room rentals sharing a kitchen and bathroom
- Large detached garage included and rented for $150/month
- Monthly income reported at over $2,800 with all units rented
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 | $26.2k | $16.20 |
| − Vacancy | −$393 | −$0.24 |
| EGI | $25.8k | $15.96 |
| − OpEx | −$7.7k | −$4.79 |
| NOI | $18.1k | $11.17 |
1,616 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.9K
$225.6K – $300.9K
NOI $18,051 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$541.5K
$473.8K – $631.8K
NOI $37,907 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 17557, PA
14,761
Population
5,460
Households
2.7
Avg Household Size
41
Median Age
19%
College-Educated
78%
High-School Grad
32.0 sq mi
ZIP Area
461
Density / Sq Mi
$78,717
Median Household Income
$39,833
Median Earnings
$1,273
Median Rent
$262,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property features a first-floor 2-bedroom apartment, three shared-kitchen room rentals upstairs, and a detached garage.
Where is this duplex located?
The property is located at 28 S ROBERTS Avenue New Holland, 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: 2‑unit investment property in New Holland: 1st‑floor 2‑bedroom apartment plus 2nd‑floor 3 individual room rentals sharing a kitchen and bathroom; Large detached garage included and rented for $150/month; Monthly income reported at over $2,800 with all units rented
