Semi-Detached Duplex with
37 Mechanic Street Reinholds, PA 17569
37 Mechanic Street, Reinholds, PA, 17569
$400,000
For Sale
$400,000
Well-maintained two-unit semi-detached duplex with two 2-bedroom, 1-bath sides and seven 10' x 20' garages.
Property Size1,932 SF
Price / SF$207.04
Days on Market56
Property Features for 37 Mechanic Street
General Information
- Standard status
- Active
- Size
- 1,932 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
Berkshire Hathaway HomeServices Homesale Realty
(717) 587-2368
Listed by
Cory Showalter · License #RS322153
(717) 587-2368
Source
Compass
Added: May 28 Updated: Jul 22 at 11:50AM Checked: Jul 22 at 11:50AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
Well maintained two-unit semi-detached duplex designed for owner occupancy or rental income. Each side provides two bedrooms and one bathroom. Improvements noted include replacement windows and a new roof. The vacant unit at 39 Mechanic is described as having new carpet, new paint downstairs, and a bathroom with tub and shower, along with a small deck off the house. The listing also notes a privacy violation for the bedrooms.
The property at 37 Mechanic Street, Reinholds, PA 17569, includes seven garages measuring 10' x 20' with electric garage door openers to the rear of the property; six of the garages are currently rented.
Additional configuration details include each unit having a similar layout with two bedrooms and one bath, and the presence of the detached garage income component through the leased garage spaces.
The property at 37 Mechanic Street, Reinholds, PA 17569, includes seven garages measuring 10' x 20' with electric garage door openers to the rear of the property; six of the garages are currently rented.
Additional configuration details include each unit having a similar layout with two bedrooms and one bath, and the presence of the detached garage income component through the leased garage spaces.
Key Highlights
- Well‑maintained semi‑detached 2‑unit duplex with each side offering 2 bedrooms and 1 bath
- Seven 10' x 20' garages behind the property, each with electric garage door openers; 6 garages are rented
- Replacement vinyl‑clad double‑hung windows and a new roof
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 |
1,932 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.3K
$269.8K – $359.7K
NOI $21,580 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,031 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$647.4K
$566.5K – $755.3K
NOI $45,320 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained two-unit semi-detached duplex with two 2-bedroom, 1-bath sides and seven 10' x 20' garages.
Where is this duplex located?
The property is located at 37 Mechanic Street Reinholds, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Well‑maintained semi‑detached 2‑unit duplex with each side offering 2 bedrooms and 1 bath; Seven 10' x 20' garages behind the property, each with electric garage door openers; 6 garages are rented; Replacement vinyl‑clad double‑hung windows and a new roof
