Building Details

Year Built 1930

Tenancy Single

Listing Agency: Integrity 1st Real Estate i***@gmail.com Show Phone

Listed By: Caleb J. Zimmerman Show Phone

Source: Cummingsrealtors

Added: Sep 16 Changed: Sep 18 Last Checked: Sep 18 at 3:36PM

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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 Integrity 1st Real Estate

Investment Insights

Based on property information with market context.

This two-unit duplex, built in 1930, offers 1,320 square feet across two floors. The upper residence is occupied under a month-to-month lease, while the lower unit is vacant, creating flexibility for an owner-occupant or a new rental arrangement. The property includes a detached garage, off-street parking, and a fenced rear yard.

Located at 415 Jonestown Road in Jonestown, Pennsylvania, the property combines an existing rental setup with a vacant unit that can be leased or used by the owner. Its two-unit configuration supports continued rental use while providing flexibility in how the spaces are occupied.

Key Highlights

• Two‑unit duplex with 1,320 square feet
• Built in 1930
• Second‑floor unit occupied on a month‑to‑month lease

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

$11,795

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

5.24%

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%

$235,900 $235.9K

Cap Rate 7%

$168,500 $168.5K

Cap Rate 9%

$131,056 $131.1K

Market Conditions

NOI Build-Up for 1,320 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

$18.2K $13.80/SF

− Vacancy

−$1.4K −$1.04/SF

EGI

$16.8K $12.77/SF

− OpEx

−$5.1K −$3.83/SF

NOI

$11.8K $8.94/SF

Area

Lebanon County, PA

Vacancy

7.50%

Lease Rate

$13.80 /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%

$235,900

Cap Rate 7%

$168,500

Cap Rate 9%

$131,056

Alternative Uses

Best Use

Multifamily LT 5

$168.5K

$147.4K – $196.6K (±1% cap)

NOI $11,795 @ 7.0% cap · market cap 5.24%

Second Best

Apartment 5plus

$156.6K

$137.0K – $182.7K (±1% cap)

NOI $10,961 @ 7.0% cap · market cap 4.87%

Theoretical Best

Office A

$309.8K

$271.1K – $361.5K (±1% cap)

NOI $21,688 @ 7.0% cap · market cap 9.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Restaurant Storage Facility

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

2

Residential units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

Explore this area Business Placement

Demographics for 17038, PA

7,842

Population

3,460

Households

2.3

Avg Household Size

42

Median Age

16%

College-Educated

89%

High-School Grad

66.2 sq mi

ZIP Area

118

Density / Sq Mi

$66,698

Median Household Income

$42,929

Median Earnings

$922

Median Rent

$241,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story rental property with off-street parking, a detached garage, and a fenced rear yard.

Where is this duplex located?

The property is located at 415 JONESTOWN ROAD Jonestown, PA.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,320 square feet; Built in 1930; Second‑floor unit occupied on a month‑to‑month lease