Building Details

Year Built 1930

Listing Agency: Coldwell Banker Realty

Listed By: Bety Pena · License #3327619

Source: Yorkhomes

Added: Jul 24 Changed: Oct 7 Last Checked: Oct 16 at 6:09AM

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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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This six-unit multifamily property includes two two-bedroom apartments, two efficiency units, one studio, and one one-bedroom unit. Each apartment has an assigned off-street parking space, and the property also includes a two-car garage. The building was constructed in 1930 and contains 4,040 square feet.

Located on E Main Street in Landisville, Pennsylvania, the property is near schools, parks, shopping centers, and major highways. All six units are currently leased, providing an operating multifamily asset with a varied unit mix and on-site parking.

Key Highlights

• Six‑unit multifamily property with two 2‑bedroom units, two efficiency units, one studio, and one 1‑bedroom unit
• 4,040‑square‑foot building constructed in 1930
• Each unit includes an off‑street parking space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,796

Cap Rate

5.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,920 $795.9K

Cap Rate 7%

$568,514 $568.5K

Cap Rate 9%

$442,178 $442.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,040 SF

Gross rent

$72.7K $18.00/SF

− Vacancy

−$364 −$0.09/SF

EGI

$72.4K $17.91/SF

− OpEx

−$32.6K −$8.06/SF

NOI

$39.8K $9.85/SF

Area

Lancaster County, PA

Vacancy

0.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,920

Cap Rate 7%

$568,514

Cap Rate 9%

$442,178

Alternative Uses

Best Use

Apartment 5plus

$568.5K

$497.5K – $663.3K (±1% cap)

NOI $39,796 @ 7.0% cap · market cap 5.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,768 @ 7.0% cap · market cap 13.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

195

Businesses Nearby

Explore this area Business Placement

Demographics for 17538, PA

7,064

Population

3,111

Households

2.3

Avg Household Size

43

Median Age

42%

College-Educated

94%

High-School Grad

4.1 sq mi

ZIP Area

1,723

Density / Sq Mi

$96,463

Median Household Income

$55,152

Median Earnings

$1,088

Median Rent

$293,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Fully leased apartment property with off-street parking and a detached two-car garage.

Where is this apartment building located?

The property is located at 286 E Main Street Landisville, PA.

What is the asking price?

The asking price for this property is $690,000.

What are key features of this property?

This property features: Six‑unit multifamily property with two 2‑bedroom units, two efficiency units, one studio, and one 1‑bedroom unit; 4,040‑square‑foot building constructed in 1930; Each unit includes an off‑street parking space