Building Details

Buildings 1

Construction brick

Listing Agency: Capstone Commercial r***@gmail.com Show Phone

Listed By: Naomi Brown, CCIM · License #PA RM425406

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:00AM

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Investment Insights

Based on property information with market context.

This four-unit brick apartment building offers an updated configuration for residential income ownership. Improvements include a newer roof, windows, boiler, gutters, one water heater, flooring, and interior paint. Each two-bedroom apartment has its own washer and dryer, while several units retain hardwood floors and other period details. Appliances convey with the property.

The building is fully rented and includes tenant yard space with generous on-street parking. Monthly rent of $695 per unit covers heat, water/sewer, and trash; tenants separately pay electric and a small gas charge for hot water. The property produces an 8.44% CAP Rate after allowances for standard costs and management. It is located in the McSherrystown area of Adams County, Pennsylvania.

Key Highlights

• Four‑unit apartment building with four two‑bedroom units
• 8.44% CAP Rate after allowances for standard costs and management
• Updated roof, windows, boiler, gutters, water heater, flooring, and paint

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Grocery & Convenience Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

268

Businesses Nearby

Explore this area Business Placement

Demographics for 17344, PA

3,676

Population

1,526

Households

2.4

Avg Household Size

39

Median Age

18%

College-Educated

94%

High-School Grad

0.7 sq mi

ZIP Area

5,251

Density / Sq Mi

$71,688

Median Household Income

$40,022

Median Earnings

$1,365

Median Rent

$203,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Fully leased brick apartment property with modernized interiors, in-unit laundry, and tenant yard space.

Where is this quadplex located?

The property is located at 401 South St McSherrystown, PA.

What are key features of this property?

This property features: Four‑unit apartment building with four two‑bedroom units; 8.44% CAP Rate after allowances for standard costs and management; Updated roof, windows, boiler, gutters, water heater, flooring, and paint