Duplex with
For Sale
$320,000
318 Linden St, Columbia, PA 17512
Two-unit residential property with a separate parcel, garage, wooded outdoor space, and flexible interior layout.
Property Size2,058 SF
Price / SF$155.49
Days on Market13
Property Features for 318 Linden St
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Amenities
garage
workshop
deck
Building Details
Year Built
1992
Listing Agency:
Keller Williams Elite
Listed By:
Justine Dennis McPhee · License #RS322183
(717) 517-9222
Source:
Baltimoreharfordhomesforsale
Added: Aug 21
Changed: Sep 1
Last Checked: Sep 1 at 9:58PM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This duplex includes a 2,058-square-foot primary residence and a separate second unit. The main unit offers three bedrooms, two full bathrooms, an integral garage, and a workshop. A back deck overlooks a tiered, wooded yard. The second unit is arranged across two levels, with its kitchen and bathroom on the first floor and living or sleeping space above.
The offering also includes the land parcel behind the home at 319 Avenue D, in addition to the residence at 318 Linden St. The added parcel provides additional outdoor area associated with the property. Built in 1992, the two-unit configuration accommodates a range of residential arrangements while retaining dedicated workspace and storage features.
The offering also includes the land parcel behind the home at 319 Avenue D, in addition to the residence at 318 Linden St. The added parcel provides additional outdoor area associated with the property. Built in 1992, the two-unit configuration accommodates a range of residential arrangements while retaining dedicated workspace and storage features.
Key Highlights
- 2,058‑square‑foot duplex built in 1992
- Primary unit has 3 bedrooms and 2 full baths
- Second unit includes a first‑floor kitchen and bathroom
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
$22,988
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
7.18%
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%
$459,760
$459.8K
Cap Rate 7%
$328,400
$328.4K
Cap Rate 9%
$255,422
$255.4K
Market Conditions
NOI Build-Up for 2,058 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
$33.3K $16.20/SF
− Vacancy
−$500 −$0.24/SF
EGI
$32.8K $15.96/SF
− OpEx
−$9.9K −$4.79/SF
NOI
$23.0K $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%
$459,760
Cap Rate 7%
$328,400
Cap Rate 9%
$255,422
Alternative Uses
Best Use
Multifamily LT 5
$328.4K
$287.4K – $383.1K
NOI $22,988 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$689.6K
$603.4K – $804.6K
NOI $48,275 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a separate parcel, garage, wooded outdoor space, and flexible interior layout.
Where is this duplex located?
The property is located at 318 Linden St Columbia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,058‑square‑foot duplex built in 1992; Primary unit has 3 bedrooms and 2 full baths; Second unit includes a first‑floor kitchen and bathroom
