New Holland Investment
28 South Roberts Avenue New Holland, PA 17557
28 South Roberts Avenue, New Holland, PA, 17557
$299,900
For Sale
$299,900
Two-unit property with five income sources in New Holland.
Property Size1,616 SF
Price / SF$185.58
Days on Market124
Property Features for 28 South Roberts Avenue
General Information
- Standard status
- Active
- Size
- 1,616 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency
Hostetter Realty LLC
(717) 940-7333
Listed by
Jacob Beiler · License #RS373503
(717) 940-7333
Source
Compass
Added: Mar 17 Checked: Jul 17 at 4:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hostetter Realty LLC
Investment Insights
Based on property information with market context.
This two-unit investment property is located in New Holland and offers five income sources. The first floor unit features a two-bedroom apartment. The second floor comprises three individual room rentals that share a kitchen and bathroom. Additionally, a large detached garage is rented for $125 per month. The property is situated in the New Holland Boro area within Lancaster County. School-aged children are districted for Eastern Lancaster County schools, including Garden Spot High School, Garden Spot Middle School, and New Holland Elementary School. The property size is 1616 square feet.
Key Highlights
- 2‑unit investment property with 5 income sources.
- First floor: 2‑bedroom apartment.
- Second floor: 3 individual room rentals with shared kitchen and bathroom.
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 | $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 6.02%
Second Best
Apartment 5plus
$227.4K
$199.0K – $265.3K
NOI $15,918 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$541.5K
$473.8K – $631.8K
NOI $37,907 @ 7.0% cap · market cap 12.64%
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-unit property with five income sources in New Holland.
Where is this duplex located?
The property is located at 28 South Roberts Avenue New Holland, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2‑unit investment property with 5 income sources.; First floor: 2‑bedroom apartment.; Second floor: 3 individual room rentals with shared kitchen and bathroom.
