Building Details

Year Built 1880

Listing Agency: Kingsway Realty - Ephrata l***@kingswayrealty.com Show Phone

Listed By: Jason R Kline · License #RM423904 Show Phone

Source: Cummingsrealtors

Added: Nov 2 Changed: Nov 4 Last Checked: Nov 4 at 2:45PM

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Investment Insights

Based on property information with market context.

This 2,032-square-foot duplex contains two apartments, each arranged with two bedrooms, one full bathroom, a kitchen, and a living room. Washer and dryer hookups are located in each kitchen. The property also includes oil heat, separated utilities, off-street parking, and a detached two-car garage, with one garage space assigned to each apartment. Built in 1880, the building is currently tenant-occupied.

The property is on N 11th Street in Akron Borough, just steps from Roland Park, where walking trails, picnic areas, and recreational amenities are available.

Key Highlights

• Two apartments, each with 2 bedrooms and 1 full bathroom
• 2,032 square feet; built in 1880
• Detached two‑car garage with one space designated for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,697

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$453,940 $453.9K

Cap Rate 7%

$324,243 $324.2K

Cap Rate 9%

$252,189 $252.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,032 SF

Gross rent

$32.9K $16.20/SF

− Vacancy

−$494 −$0.24/SF

EGI

$32.4K $15.96/SF

− OpEx

−$9.7K −$4.79/SF

NOI

$22.7K $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%

$453,940

Cap Rate 7%

$324,243

Cap Rate 9%

$252,189

Alternative Uses

Best Use

Multifamily LT 5

$324.2K

$283.7K – $378.3K (±1% cap)

NOI $22,697 @ 7.0% cap · market cap 8.73%

Second Best

Apartment 5plus

$285.9K

$250.2K – $333.6K (±1% cap)

NOI $20,016 @ 7.0% cap · market cap 7.70%

Theoretical Best

Office A

$680.9K

$595.8K – $794.4K (±1% cap)

NOI $47,665 @ 7.0% cap · market cap 18.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

275

Businesses Nearby

Explore this area Business Placement

Demographics for 17501, PA

4,637

Population

2,028

Households

2.3

Avg Household Size

41

Median Age

16%

College-Educated

92%

High-School Grad

1.5 sq mi

ZIP Area

3,091

Density / Sq Mi

$74,942

Median Household Income

$42,958

Median Earnings

$1,122

Median Rent

$246,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separately metered apartments each include laundry hookups and a designated garage space.

Where is this duplex located?

The property is located at 35 N 11TH STREET Akron, PA.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 2,032 square feet; built in 1880; Detached two‑car garage with one space designated for each unit