37-39 MECHANIC Street Reinholds, PA 17569
MULTI_FAMILY - REINHOLDS, PA
Property Features for 37-39 MECHANIC Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 7
- Parking features
- Off Street, Garage - Detached
- Interior features
- Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Ceiling Fan(s), Kitchen - Eat-In
- Appliances
- Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Hookups Only
- Standard status
- Active
- Size
- 1,932 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3980
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Frame, Stick Built
Listing agent Cory Showalter License #RS322153 (717) 587-2368
Listing office Berkshire Hathaway HomeServices Homesale Realty 5 Old Mill Road, Lancaster, PA (717) 738-9986
Listing date Jun 24, 2026
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.
The property includes seven garages measuring 10' x 20' with electric garage door openers, accessible to the rear of the property. Six of the garages are currently rented, providing an additional revenue component tied to the site.
Each unit is laid out as a two-bedroom, one-bath arrangement, which can support a live-in-and-rent model or a long-term rental strategy. Please note there is a privacy violation for the bedrooms, which may require attention for prospective use or compliance considerations.
Key Highlights
- Well‑maintained 2‑unit semi‑detached home (Year built 1930) with an opportunity to live in one side and rent the other
- Each unit has 2 bedrooms and 1 bath, with replacement windows and forced‑air heating
- 39 Mechanic unit is vacant and features new carpet and new paint on the downstairs level plus a bathroom with tub/shower and a small deck
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 | $31.3k | $16.20 |
| − Vacancy | −$469 | −$0.24 |
| EGI | $30.8k | $15.96 |
| − OpEx | −$9.2k | −$4.79 |
| NOI | $21.6k | $11.17 |
