Renovated 3-Unit
New
For Sale
$399,000
30 N 2ND STREET, Columbia, PA 17512
Semi-detached multifamily property with varied apartment layouts, individual laundry hookups, and three dedicated parking spaces.
Property Size2,943 SF
Price / SF$135.58
Days on Market6
Property Features for 30 N 2ND STREET
General Information
Standard status
Active
Size
2,943 SF
Total Parking Spaces
3
Property subtype
Triplex
Net Operating Income
$29,861
Financials
Asking Price
$399,000
Cap Rate
7.5%
Gross Income
$44,289
Units
Unit Mix
1 x 1BR/1BA (500 sf), 1 x 3BR/1BA (1,200 sf), 1 x 2BR/1.5BA (1,243 sf)
Multifamily Units
3
Parking per Unit
1
Amenities
laundry hookups
Building Details
Year Built
1830
Year Renovated
2021
Construction
semi-detached
Listing Agency:
Astoria Realty Advisors LLC
(717) 425-6264
Listed By:
Benuel Esh · License #RS329980
(717) 344-4480
Source:
Cummingsrealtors
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 16 at 5:10PM
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 Astoria Realty Advisors LLC
Investment Insights
Based on property information with market context.
This semi-detached triplex contains 2,943 finished square feet arranged across three apartments and was substantially renovated in 2021. The unit mix includes a 1-bedroom, 1-bath apartment of approximately 500 square feet; a 3-bedroom, 1-bath apartment of approximately 1,200 square feet; and a 2-bedroom, 1.5-bath apartment of approximately 1,243 square feet. The 3-bedroom unit is vacant and ready for occupancy. Each apartment has its own laundry hookup, and the property includes three off-street paved parking spaces with lighting.
The property is located in downtown Columbia, adjacent to the Hampton Inn and near the Susquehanna River, Northwest River Trail, shops, and restaurants. Built in 1830, the building combines historic construction with the more recent renovation and a practical three-unit configuration.
The property is located in downtown Columbia, adjacent to the Hampton Inn and near the Susquehanna River, Northwest River Trail, shops, and restaurants. Built in 1830, the building combines historic construction with the more recent renovation and a practical three-unit configuration.
Key Highlights
- 2,943 finished square feet across three apartments
- Substantially renovated in 2021
- Unit mix includes 1‑bedroom, 3‑bedroom, and 2‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,460
$657.5K
Cap Rate 7%
$469,614
$469.6K
Cap Rate 9%
$365,256
$365.3K
Market Conditions
NOI Build-Up for 2,943 SF
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.
Gross rent
$47.7K $16.20/SF
− Vacancy
−$715 −$0.24/SF
EGI
$47.0K $15.96/SF
− OpEx
−$14.1K −$4.79/SF
NOI
$32.9K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,460
Cap Rate 7%
$469,614
Cap Rate 9%
$365,256
Alternative Uses
Best Use
Multifamily LT 5
$469.6K
$410.9K – $547.9K
NOI $32,873 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$414.1K
$362.4K – $483.2K
NOI $28,990 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$986.2K
$862.9K – $1.15M
NOI $69,035 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 17512, PA
18,267
Population
8,255
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
16.0 sq mi
ZIP Area
1,142
Density / Sq Mi
$61,130
Median Household Income
$42,702
Median Earnings
$1,067
Median Rent
$221,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Semi-detached multifamily property with varied apartment layouts, individual laundry hookups, and three dedicated parking spaces.
Where is this triplex located?
The property is located at 30 N 2ND STREET Columbia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,943 finished square feet across three apartments; Substantially renovated in 2021; Unit mix includes 1‑bedroom, 3‑bedroom, and 2‑bedroom apartments
