Four-Unit Victorian
301 CHESTNUT Street Columbia, PA 17512
New
301 CHESTNUT Street, Columbia, PA, 17512
$389,900
For Sale
$389,900
MULTI_FAMILY - Victorian - COLUMBIA, PA
Property Size2,436 SF
Lot Size0.08 Acres
Price / SF$160.06
Days on Market1
Property Features for 301 CHESTNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,436 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5250
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1850
- Number of units
- 4
- Building materials
- Brick, Masonry
- Architectural style
- Victorian
Listing agency
Kingsway Realty - Lancaster
(717) 569-8701
Listed by
Chris Beiler · License #RS330808
(717) 201-0838
Added: Jul 21 Checked: Jul 21 at 8:06AM
MLS# PALA2092058
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.
A fully leased four-unit multifamily property in a grand brick Victorian building. The exterior features a dramatic mansard roofline, tall windows, and a wraparound porch spanning the front of the building. All four units are currently occupied, and the property is professionally managed by Smoker Property Management.
Located at 301 Chestnut Street in Columbia, PA, the building anchors the corner of Chestnut Street. The property totals 2,436 square feet on a 0.08-acre lot.
Located at 301 Chestnut Street in Columbia, PA, the building anchors the corner of Chestnut Street. The property totals 2,436 square feet on a 0.08-acre lot.
Key Highlights
- Fully leased four‑unit multifamily property with all four units currently occupied
- Brick/Victorian construction with masonry materials and a dramatic mansard roofline
- Wraparound porch spanning the front of the building
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 | $39.5k | $16.20 |
| − Vacancy | −$592 | −$0.24 |
| EGI | $38.9k | $15.96 |
| − OpEx | −$11.7k | −$4.79 |
| NOI | $27.2k | $11.17 |
2,436 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.7K
$340.1K – $453.5K
NOI $27,210 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$342.8K
$300.0K – $399.9K
NOI $23,996 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$816.3K
$714.3K – $952.4K
NOI $57,142 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brick four-unit Victorian with all units occupied and professionally managed, featuring a mansard roofline and wraparound porch.
Where is this quadplex located?
The property is located at 301 CHESTNUT Street Columbia, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Fully leased four‑unit multifamily property with all four units currently occupied; Brick/Victorian construction with masonry materials and a dramatic mansard roofline; Wraparound porch spanning the front of the building
