Building Details

Year Built 1890

Stories 2

Listing Agency: Barr Realty Inc.

Listed By: Stephen J Barr · License #RM419125 Show Phone

Source: Cummingsrealtors

Added: Oct 5 Changed: Oct 10 Last Checked: Oct 9 at 9:52PM

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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 Barr Realty Inc.

Investment Insights

Based on property information with market context.

Built in 1890, this two-story duplex contains two 2-bedroom apartments. Each unit has a living room, an eat-in kitchen with appliances, and a full bathroom. Electrical service is divided between the apartments. The first-floor unit includes a washer and dryer, while its laundry hookup is located in the unit; the second-floor apartment has a laundry hookup in the basement.

A paved parking area sits behind the building. The property also includes a 10-by-18-foot storage barn equipped with heat and air conditioning. The property information identifies short-term rental use as an option under its zoning.

Key Highlights

• Two‑story duplex with two 2‑bedroom apartments
• Each apartment has a living room, eat‑in kitchen with appliances, and full bath
• Separate electrical service for the apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,821

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,420 $416.4K

Cap Rate 7%

$297,443 $297.4K

Cap Rate 9%

$231,344 $231.3K

Market Conditions

NOI Build-Up for 1,864 SF

Gross rent

$30.2K $16.20/SF

− Vacancy

−$453 −$0.24/SF

EGI

$29.7K $15.96/SF

− OpEx

−$8.9K −$4.79/SF

NOI

$20.8K $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 Rate 5%

$416,420

Cap Rate 7%

$297,443

Cap Rate 9%

$231,344

Alternative Uses

Best Use

Multifamily LT 5

$297.4K

$260.3K – $347.0K (±1% cap)

NOI $20,821 @ 7.0% cap · market cap 6.41%

Second Best

Apartment 5plus

$262.3K

$229.5K – $306.0K (±1% cap)

NOI $18,361 @ 7.0% cap · market cap 5.65%

Theoretical Best

Office A

$624.6K

$546.6K – $728.8K (±1% cap)

NOI $43,725 @ 7.0% cap · market cap 13.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Plumbing Service Pharmacy Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Explore this area Business Placement

Demographics for 17529, PA

4,472

Population

1,501

Households

3

Avg Household Size

32

Median Age

15%

College-Educated

55%

High-School Grad

14.7 sq mi

ZIP Area

304

Density / Sq Mi

$72,679

Median Household Income

$36,510

Median Earnings

$1,162

Median Rent

$351,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two apartments offer separate electrical service, in-unit laundry hookups, and access to rear parking.

Where is this duplex located?

The property is located at 33 QUEEN ROAD Gordonville, 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‑story duplex with two 2‑bedroom apartments; Each apartment has a living room, eat‑in kitchen with appliances, and full bath; Separate electrical service for the apartments