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Detached Duplex with Unfinished Basement

301 N MARKET Street Myerstown, PA 17067

New
301 N MARKET Street, Myerstown, PA, 17067
$274,900
For Sale
$274,900

MULTI_FAMILY - Other - MYERSTOWN, PA

Property Size1,352 SF
Lot Size0.41 Acres
Price / SF$203.33
Days on Market3

Property Features for 301 N MARKET Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Standard status
Active
Size
1,352 SF
Lot size
0.41 Acres

Taxes and HOA fees

Tax Annual Amount
3093

Utilities

Heating system
Electric (Heating), Baseboard

Building Details

Year built
1970
Number of units
2
Building materials
Mixed, Mixed Plumbing, Stick Built, Vinyl Siding, Wood Siding
Architectural style
Other
Listing Agency Turn Key Realty Group
3438 Trindle Road unit: 100, Camp Hill, PA
Listed by LISA MONTALVO · License #RS301818
Added: Jul 17 Checked: Jul 19 at 5:06 am
MLS# PALN2027372 Listing URL

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 detached duplex offers two separate units configured as one 1-bedroom unit and one 2-bedroom unit. The property sits on a cleared, level corner lot and includes a full unfinished basement that can support additional storage needs. A gravel driveway provides convenient on-site parking.

The lot totals 0.41 acres and has an irregular shape. The property is presented with no association fees and a straightforward maintenance profile.

Overall, the layout supports flexible occupancy and rental use between the 1BR and 2BR units, with an unfinished basement providing space that may be finished or kept for storage depending on buyer preference.

Key Highlights

  • 0.41‑acre corner lot with cleared, level terrain
  • Includes separate 1BR and 2BR units for live‑in or rental options
  • Full unfinished basement for additional storage or future use

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 $18.7k $13.80
− Vacancy −$1.4k −$1.04
EGI $17.3k $12.77
− OpEx −$5.2k −$3.83
NOI $12.1k $8.94
1,352 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$172.6K
$151.0K – $201.4K (±1% cap)
NOI $12,081 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$160.4K
$140.3K – $187.1K (±1% cap)
NOI $11,227 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$317.3K
$277.7K – $370.2K (±1% cap)
NOI $22,214 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Building Supply HVAC Service Electrical Service Plumbing Service Auto Parts Store Garden Center Grocery & Convenience Store Butcher Real Estate Agency Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Detached 1BR and 2BR duplex on a cleared, level corner lot with a full unfinished basement and gravel driveway.
Where is this duplex located?
The property is located at 301 N MARKET Street Myerstown, PA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 0.41‑acre corner lot with cleared, level terrain; Includes separate 1BR and 2BR units for live‑in or rental options; Full unfinished basement for additional storage or future use
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More about this property
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