Two-Unit Duplex with Unfinished
301 N MARKET STREET Myerstown, PA 17067
New
301 N MARKET STREET, Myerstown, PA, 17067
$274,900
For Sale
$274,900
Cleared corner duplex with a 1BR and 2BR layout, plus a full unfinished basement and gravel driveway parking.
Property Size1,352 SF
Price / SF$203.33
Days on Market7
Property Features for 301 N MARKET STREET
General Information
- Standard status
- Active
- Size
- 1,352 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1970
Listing agency
Turn Key Realty Group
(717) 802-9099
Listed by
LISA MONTALVO · License #RS301818
(717) 802-9099
Source
Cummingsrealtors
Added: Jul 15 Updated: Jul 21 at 6:42AM Checked: Jul 21 at 6:42AM
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 Turn Key Realty Group
Investment Insights
Based on property information with market context.
This two-unit duplex is set on a cleared, level 0.41-acre corner lot and configured with a 1BR unit and a 2BR unit. The structure is detached with traditional architectural elements and includes a full unfinished basement that can support additional storage. Parking is provided via a gravel driveway.
The property’s lot is described as irregular in shape, offering flexibility for landscaping and potential expansion possibilities. With no association fees and a straightforward maintenance profile, it presents a straightforward residential income setup where an owner can live in one unit while renting the other, or rent both units.
Overall, the combination of two separate living units, the unfinished basement, and the level corner site supports a versatile residential income arrangement.
The property’s lot is described as irregular in shape, offering flexibility for landscaping and potential expansion possibilities. With no association fees and a straightforward maintenance profile, it presents a straightforward residential income setup where an owner can live in one unit while renting the other, or rent both units.
Overall, the combination of two separate living units, the unfinished basement, and the level corner site supports a versatile residential income arrangement.
Key Highlights
- Cleared, level corner lot totaling 0.41 acres
- Duplex layout with a 1BR unit and a 2BR unit (live in one and rent the other, or rent both)
- Full unfinished basement provides additional storage potential
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
NOI $12,081 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$160.4K
$140.3K – $187.1K
NOI $11,227 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$317.3K
$277.7K – $370.2K
NOI $22,214 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Cleared corner duplex with a 1BR and 2BR layout, plus a full unfinished basement and gravel driveway parking.
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: Cleared, level corner lot totaling 0.41 acres; Duplex layout with a 1BR unit and a 2BR unit (live in one and rent the other, or rent both); Full unfinished basement provides additional storage potential
