Four-Unit Residential Income
37-39 East Willow Street Elizabethtown, PA 17022
37-39 East Willow Street, Elizabethtown, PA, 17022
$550,000
For Sale
$550,000
Well-maintained fourplex with two 1-bedroom and two 2-bedroom units, each with separate utilities.
Property Size3,084 SF
Price / SF$178.34
Days on Market50
Property Features for 37-39 East Willow Street
General Information
- Standard status
- Active
- Size
- 3,084 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Hostetter Realty LLC
(717) 598-7490
Listed by
John J Glick
(717) 598-7490
Source
Compass
Added: Jun 3 Updated: Jul 22 at 12:56AM Checked: Jul 22 at 7:38AM
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 Hostetter Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property includes two 1-bedroom units and two 2-bedroom units, with separate utilities for each unit. Recent improvements include a new roof, new windows, and new sewer lines to the street, helping reduce future maintenance concerns. Off-street parking is available with newly installed blacktop, and the front porch is scheduled to be professionally painted in June.
Located in the Central Business District of Elizabethtown, the property is convenient to downtown amenities, shopping, dining, and transportation.
Additional details, including a profit and loss statement and further property information, will be provided prior to the listing becoming active.
Located in the Central Business District of Elizabethtown, the property is convenient to downtown amenities, shopping, dining, and transportation.
Additional details, including a profit and loss statement and further property information, will be provided prior to the listing becoming active.
Key Highlights
- 4‑unit investment property with two 1‑bedroom units and two 2‑bedroom units
- Generates $45,000 in annual income (per remarks)
- Separate utilities for each unit to support easier management
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.0k | $16.20 |
| − Vacancy | −$749 | −$0.24 |
| EGI | $49.2k | $15.96 |
| − OpEx | −$14.8k | −$4.79 |
| NOI | $34.4k | $11.17 |
3,084 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,448 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.03M
$904.3K – $1.21M
NOI $72,343 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with two 1-bedroom and two 2-bedroom units, each with separate utilities.
Where is this quadplex located?
The property is located at 37-39 East Willow Street Elizabethtown, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4‑unit investment property with two 1‑bedroom units and two 2‑bedroom units; Generates $45,000 in annual income (per remarks); Separate utilities for each unit to support easier management
