2-Unit Property with
For Sale
$270,000
401 Main Street, Denver, PA 17517
Residentially zoned duplex with separate laundry areas, a remodeled upper unit, and additional garage rental income.
Property Size1,756 SF
Price / SF$153.76
Days on Market158
Property Features for 401 Main Street
General Information
Standard status
Active
Size
1,756 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,161
Amenities
No
Dishwasher, Oven/Range - Electric, Range Hood, Refrigerator
No Pool
Above Grade, Below Grade
Porch(es)
Building Details
Year Built
1910
Listing Agency:
Kingsway Realty - Ephrata
(717) 587-7006
Listed By:
Wendy L Stauffer · License #RS203936L
(717) 587-7006
Source:
Compass
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 1:12AM
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 Kingsway Realty - Ephrata
Investment Insights
Based on property information with market context.
This 1,756-square-foot duplex, built in 1910, contains two fully rented two-bedroom units. The lower residence features an eat-in kitchen and a dedicated laundry room. The upper residence has been remodeled and includes two bedrooms, a full bathroom with laundry space, and updated interior finishes. Four garage spaces are included with the property, and three are currently rented separately.
The property is located at 401 Main Street in Denver, Pennsylvania, within Lancaster County and the Cocalico School District. Residential zoning applies to the site. Exterior features include a porch, with both above-grade and below-grade areas identified.
The property is located at 401 Main Street in Denver, Pennsylvania, within Lancaster County and the Cocalico School District. Residential zoning applies to the site. Exterior features include a porch, with both above-grade and below-grade areas identified.
Key Highlights
- Two fully rented 2‑bedroom units
- 1,756 SF duplex built in 1910
- Upper unit recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,614
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,280
$392.3K
Cap Rate 7%
$280,200
$280.2K
Cap Rate 9%
$217,933
$217.9K
Market Conditions
NOI Build-Up for 1,756 SF
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.
Gross rent
$28.4K $16.20/SF
− Vacancy
−$427 −$0.24/SF
EGI
$28.0K $15.96/SF
− OpEx
−$8.4K −$4.79/SF
NOI
$19.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,280
Cap Rate 7%
$280,200
Cap Rate 9%
$217,933
Alternative Uses
Best Use
Multifamily LT 5
$280.2K
$245.2K – $326.9K
NOI $19,614 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$247.1K
$216.2K – $288.3K
NOI $17,297 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$588.4K
$514.9K – $686.5K
NOI $41,191 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 17517, PA
16,092
Population
5,636
Households
2.9
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
35.5 sq mi
ZIP Area
453
Density / Sq Mi
$99,688
Median Household Income
$46,072
Median Earnings
$1,229
Median Rent
$281,200
Median Home Value
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?
Duplex - Residentially zoned duplex with separate laundry areas, a remodeled upper unit, and additional garage rental income.
Where is this duplex located?
The property is located at 401 Main Street Denver, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two fully rented 2‑bedroom units; 1,756 SF duplex built in 1910; Upper unit recently remodeled
