Residential Income Property with Detached
4023 Minute Drive Columbia, PA 17512
For Sale
$550,000
Two separate residences plus a large barn provide flexible living and storage options near Route 30.
Property Size2,914 SF
Price / SF$188.74
Days on Market54
Property Features for 4023 Minute Drive
General Information
- Standard status
- Active
- Size
- 2,914 SF
- Property subtype
- Residential / Fee Simple
Building Details
- Year Built
- 1916
Listing Agency:
CENTURY 21 Home Advisors
(717) 405-9264
Listed By:
Emelie Good · License #RS357913
(717) 405-9264
Source:
Compass
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 25 at 11:41AM
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 CENTURY 21 Home Advisors
Investment Insights
Based on property information with market context.
This residential income property includes a spacious 5-bedroom main home, a separate 1-bedroom detached cottage, and a large barn designed for additional storage and workspace needs. Inside the main residence, warm hardwood floors, generous living areas, and a cozy fireplace help define the home’s character and everyday comfort. The overall layout is well-suited to hosting, working from home, or accommodating a growing household.
Located in Lancaster County in West Hempfield Twp, the property is positioned close to Route 30 for convenient commuting. Convenience stores and everyday essentials are within walking distance, balancing privacy with day-to-day accessibility.
For buyers and investors, the combination of separate living spaces can support a variety of living arrangements, from multi-generational setups to guest accommodations or a private home office. The detached cottage offers independent flexibility, while the barn adds practical utility for equipment, recreational vehicles, hobbies, or future projects. This is a maintained property built around multiple use options rather than a single-purpose layout.
Located in Lancaster County in West Hempfield Twp, the property is positioned close to Route 30 for convenient commuting. Convenience stores and everyday essentials are within walking distance, balancing privacy with day-to-day accessibility.
For buyers and investors, the combination of separate living spaces can support a variety of living arrangements, from multi-generational setups to guest accommodations or a private home office. The detached cottage offers independent flexibility, while the barn adds practical utility for equipment, recreational vehicles, hobbies, or future projects. This is a maintained property built around multiple use options rather than a single-purpose layout.
Key Highlights
- 5‑bedroom main home with hardwood floors, eat‑in kitchen, and formal/separate dining room
- Cozy main‑residence fireplace (1 fireplace) and skylights
- Separate 1‑bedroom detached cottage for guest, office, or multi‑generational living
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 | $47.2k | $16.20 |
| − Vacancy | −$708 | −$0.24 |
| EGI | $46.5k | $15.96 |
| − OpEx | −$13.9k | −$4.79 |
| NOI | $32.5k | $11.17 |
2,914 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.0K
$406.9K – $542.5K
NOI $32,549 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$410.1K
$358.8K – $478.4K
NOI $28,704 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$976.5K
$854.4K – $1.14M
NOI $68,355 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate residences plus a large barn provide flexible living and storage options near Route 30.
Where is this duplex located?
The property is located at 4023 Minute Drive Columbia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5‑bedroom main home with hardwood floors, eat‑in kitchen, and formal/separate dining room; Cozy main‑residence fireplace (1 fireplace) and skylights; Separate 1‑bedroom detached cottage for guest, office, or multi‑generational living
