Side-by-Side Duplex with
New
For Sale
$325,000
321 E YORK STREET, Gettysburg, PA 17325
Two leased units offer separate utility metering and individual laundry hookups.
Property Size2,080 SF
Price / SF$156.25
Days on Market4
Property Features for 321 E YORK STREET
General Information
Standard status
Active
Size
2,080 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$36,000
Average Monthly Rent
$1,500
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
washer and dryer hookups
rear yard
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
LPT Realty, LLC
(240) 367-2280
Listed By:
Troy Yates · License #5012493
(240) 367-2280
Source:
Cummingsrealtors
Added: Aug 9
Changed: Aug 12
Last Checked: Aug 12 at 3:16AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex contains two side-by-side three-bedroom units, each with access to a rear yard and washer and dryer hookups. The property was built in 1920 and includes updated electrical panel boxes and water heaters. Electric and utilities are separately metered for the units, supporting distinct household utility arrangements.
Both residences are leased to long-term tenants. Four off-street parking spaces serve the property. The building is within walking distance of downtown Gettysburg, placing shops, restaurants, entertainment, and other area amenities nearby.
Both residences are leased to long-term tenants. Four off-street parking spaces serve the property. The building is within walking distance of downtown Gettysburg, placing shops, restaurants, entertainment, and other area amenities nearby.
Key Highlights
- Two side‑by‑side 3‑bedroom units
- 2,080 SF duplex built in 1920
- Both units leased to long‑term tenants
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
$9,595
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
2.95%
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%
$191,900
$191.9K
Cap Rate 7%
$137,071
$137.1K
Cap Rate 9%
$106,611
$106.6K
Market Conditions
NOI Build-Up for 2,080 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
$14.5K $6.96/SF
− Vacancy
−$770 −$0.37/SF
EGI
$13.7K $6.59/SF
− OpEx
−$4.1K −$1.98/SF
NOI
$9.6K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /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%
$191,900
Cap Rate 7%
$137,071
Cap Rate 9%
$106,611
Alternative Uses
Best Use
Multifamily LT 5
$137.1K
$119.9K – $159.9K
NOI $9,595 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$125.9K
$110.2K – $146.9K
NOI $8,812 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$383.1K
$335.2K – $446.9K
NOI $26,816 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,668
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
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 leased units offer separate utility metering and individual laundry hookups.
Where is this duplex located?
The property is located at 321 E YORK STREET Gettysburg, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two side‑by‑side 3‑bedroom units; 2,080 SF duplex built in 1920; Both units leased to long‑term tenants
