Cape Cod Duplex with
New
For Sale
$320,000
318 LINDEN Street, Columbia, PA 17512
Multi-Family, COLUMBIA, PA
Property Size2,058 SF
Lot Size0.09 Acres
Price / SF$155.49
Days on Market4
Property Features for 318 LINDEN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Garage - Attached
Subdivision
NONE AVAILABLE
Elementary school district
COLUMBIA BOROUGH
Middle school district
COLUMBIA BOROUGH
High school district
COLUMBIA BOROUGH
Standard status
Active
Size
2,058 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3886
Utilities
Heating system
Other (Heating), Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Amenities
private back deck
Building Details
Year built
1992
Number of units
2
Building materials
Frame, Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(717) 553-2500
Listed By:
Justine Dennis McPhee · License #RS322183
(717) 690-4101
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 28 at 11:06PM
MLS# PALA2094352
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 Cape Cod duplex includes a 2,058-square-foot main residence and a separate apartment arranged across two parcels. The primary unit offers three bedrooms, two full bathrooms, an integral garage, and workshop space. A private rear deck overlooks a tiered, wooded backyard. The second unit provides a first-floor kitchen and bathroom with living or bedroom space upstairs, supporting extended-family, guest, rental, or business use.
The property is located in Columbia near Route 30, with the two parcels consisting of 318 Linden Street and the adjoining land lot at 319 Avenue D. The additional parcel may serve as yard space or parking, while the attached garage and workshop add practical utility. Frame construction, vinyl siding, electric baseboard heat, window-unit cooling, a basement, and a 1992 construction date round out the physical profile.
The property is located in Columbia near Route 30, with the two parcels consisting of 318 Linden Street and the adjoining land lot at 319 Avenue D. The additional parcel may serve as yard space or parking, while the attached garage and workshop add practical utility. Frame construction, vinyl siding, electric baseboard heat, window-unit cooling, a basement, and a 1992 construction date round out the physical profile.
Key Highlights
- Two‑unit Cape Cod property with 2,058 square feet
- Main unit includes 3 bedrooms and 2 full baths
- Separate apartment has kitchen and bathroom on the first floor
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
2
Residential units
Yes
Highway access
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 property combining a primary residence, separate apartment, attached garage, and flexible workshop space.
Where is this duplex located?
The property is located at 318 LINDEN Street 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: Two‑unit Cape Cod property with 2,058 square feet; Main unit includes 3 bedrooms and 2 full baths; Separate apartment has kitchen and bathroom on the first floor
