2-Unit Brick Victorian
New
For Sale
$275,000
334 E MARKET Street, Marietta, PA 17547
Multi-Family, MARIETTA, PA
Property Size2,192 SF
Lot Size0.17 Acres
Price / SF$125.46
Days on Market4
Property Features for 334 E MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking
3
Parking features
Off Street
Interior features
Bathroom - Tub Shower, Built-Ins, Formal/Separate Dining Room, Kitchen - Eat-In, Walk-in Closet(s), Wood Floors
Appliances
Dishwasher, Oven/Range - Electric, Refrigerator
Elementary school district
DONEGAL
Middle school district
DONEGAL
High school district
DONEGAL
Standard status
Active
Size
2,192 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
5327
Utilities
Heating system
Other (Heating)
Amenities
laundry
utility shed
wrap around porch
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Victorian, Colonial
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 393-0100
Listed By:
Dawn Brill Cooper · License #RS205506L
(717) 572-9888
Added: Sep 24
Last Checked: Sep 27 at 2:06PM
MLS# PALA2096032
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 2,192-square-foot brick Victorian duplex, built in 1900, contains two rented apartments. The first-floor unit has one bedroom, a living room, dining room, kitchen, laundry, and full bathroom. The second-floor unit offers two bedrooms, a living room, kitchen, and laundry; appliances are included. Each apartment has its own laundry area.
A wraparound porch, original woodwork and shutters, and tilt-in windows installed in 2020 are among the building’s features. The property also includes a rear utility shed and a 0.17-acre lot in Marietta Borough.
A wraparound porch, original woodwork and shutters, and tilt-in windows installed in 2020 are among the building’s features. The property also includes a rear utility shed and a 0.17-acre lot in Marietta Borough.
Key Highlights
- Two rented apartments in a 2,192‑square‑foot brick building
- First‑floor apartment has 1 bedroom; second‑floor apartment has 2 bedrooms
- Separate laundry facilities for each apartment
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
$24,484
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
8.90%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are rented, with separate laundry facilities and distinct one- and two-bedroom layouts.
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 rented apartments in a 2,192‑square‑foot brick building; First‑floor apartment has 1 bedroom; second‑floor apartment has 2 bedrooms; Separate laundry facilities for each apartment
