Two-Unit Victorian
334 E MARKET STREET, Marietta, PA 17547
For Sale
$275,000
Pending
The brick residence has separate laundry for each apartment and rear parking with a utility shed.
Property Size2,192 SF
Days on Market52
Property Features for 334 E MARKET STREET
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 393-0100
Listed By:
Dawn Brill Cooper · License PA RS205506L
(717) 572-9888
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:20AM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this brick Victorian duplex contains two apartments. The first-floor unit has a kitchen, living room, dining room, one bedroom, laundry, and a full bathroom. Upstairs, the second unit offers two bedrooms, a living room, a kitchen with new countertops, and laundry. Appliances are included in the second-floor apartment, and each unit has its own laundry area.
Original woodwork and shutters remain throughout the residence, complemented by a wraparound porch. Tilt-in windows were installed in 2020. Rear parking accommodates three or four vehicles, with a utility shed on site.
Original woodwork and shutters remain throughout the residence, complemented by a wraparound porch. Tilt-in windows were installed in 2020. Rear parking accommodates three or four vehicles, with a utility shed on site.
Key Highlights
- Two apartments in a brick Victorian residence built in 1900
- First‑floor unit includes one bedroom, kitchen, living room, dining room, laundry, and full bathroom
- Second‑floor unit has two bedrooms, new kitchen countertops, laundry, and included appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,484
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,680
$489.7K
Cap Rate 7%
$349,771
$349.8K
Cap Rate 9%
$272,044
$272.0K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$35.5K $16.20/SF
− Vacancy
−$533 −$0.24/SF
EGI
$35.0K $15.96/SF
− OpEx
−$10.5K −$4.79/SF
NOI
$24.5K $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%
$489,680
Cap Rate 7%
$349,771
Cap Rate 9%
$272,044
Alternative Uses
Best Use
Multifamily LT 5
$349.8K
$306.1K – $408.1K
NOI $24,484 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$308.5K
$269.9K – $359.9K
NOI $21,592 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$734.6K
$642.7K – $857.0K
NOI $51,419 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
211
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Demographics for 17547, PA
8,166
Population
3,538
Households
2.3
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
12.0 sq mi
ZIP Area
681
Density / Sq Mi
$90,801
Median Household Income
$45,702
Median Earnings
$1,139
Median Rent
$243,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lancaster County, PA
Properties on Market for Duplexes in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The brick residence has separate laundry for each apartment and rear parking with a utility shed.
Where is this duplex located?
The property is located at 334 E MARKET STREET Marietta, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two apartments in a brick Victorian residence built in 1900; First‑floor unit includes one bedroom, kitchen, living room, dining room, laundry, and full bathroom; Second‑floor unit has two bedrooms, new kitchen countertops, laundry, and included appliances
