Four-Unit CBD
For Sale
$519,000
37 37-39 E Willow St, Elizabethtown, PA 17022
Two one-bedroom and two two-bedroom units feature separate utilities and off-street parking.
Property Size3,084 SF
Price / SF$168.29
Days on Market57
Property Features for 37 37-39 E Willow St
General Information
Standard status
Active
Size
3,084 SF
Units
Unit Mix
2 x 1BR, 2 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$45,000
Building Details
Year Built
1900
Listing Agency:
Hostetter Realty LLC
Listed By:
John J Glick · License #3349959
(717) 598-7490
Source:
Lgagne
Added: Aug 18
Changed: Sep 10
Last Checked: Oct 7 at 5:46PM
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 4-unit property in Elizabethtown’s Central Business District includes two 1-bedroom apartments and two 2-bedroom apartments. Separate utilities serve each unit, while off-street parking has been improved with newly installed blacktop. The property measures 3,084 square feet and was built in 1900.
Recent capital improvements include a new roof, replacement windows, and sewer lines extending to the street. The front porch is scheduled for professional painting in June. Located at 37 37-39 E Willow St, the property is positioned near downtown amenities, shopping, dining, and transportation.
Recent capital improvements include a new roof, replacement windows, and sewer lines extending to the street. The front porch is scheduled for professional painting in June. Located at 37 37-39 E Willow St, the property is positioned near downtown amenities, shopping, dining, and transportation.
Key Highlights
- 4‑unit property with two 1‑bedroom units and two 2‑bedroom units
- Separate utilities for each unit
- 3,084 square feet on a 1900‑built property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,448
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,960
$689.0K
Cap Rate 7%
$492,114
$492.1K
Cap Rate 9%
$382,756
$382.8K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$50.0K $16.20/SF
− Vacancy
−$749 −$0.24/SF
EGI
$49.2K $15.96/SF
− OpEx
−$14.8K −$4.79/SF
NOI
$34.4K $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%
$688,960
Cap Rate 7%
$492,114
Cap Rate 9%
$382,756
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,448 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.03M
$904.3K – $1.21M
NOI $72,343 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 17022, PA
31,163
Population
12,950
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
55.0 sq mi
ZIP Area
567
Density / Sq Mi
$79,075
Median Household Income
$42,844
Median Earnings
$1,381
Median Rent
$272,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two one-bedroom and two two-bedroom units feature separate utilities and off-street parking.
Where is this quadplex located?
The property is located at 37 37-39 E Willow St Elizabethtown, PA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 4‑unit property with two 1‑bedroom units and two 2‑bedroom units; Separate utilities for each unit; 3,084 square feet on a 1900‑built property
