Four-Unit Brick Apartment
43 E MAPLE STREET, Palmyra, PA 17078
For Sale
$545,000
Four apartments offer a mix of one-, two-, and three-bedroom layouts.
Property Size3,993 SF
Price / SF$136.49
Days on Market53
Property Features for 43 E MAPLE STREET
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
private decks
front porches
Building Details
Year Built
Buildings
Construction
Listing Agency:
Coldwell Banker Realty
(717) 272-8781
Listed By:
Jonathan M Wyse · License #RS322524
(717) 507-2443
Source:
Cummingsrealtors
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 6 at 9:59AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 3,993-square-foot brick apartment property contains four residential units with a varied configuration: one three-bedroom apartment, one two-bedroom apartment, and two one-bedroom apartments. Built in 1925, the building uses natural gas heat. Upper-level residences include private decks, while the lower units have front porches.
The property is located at 43 E Maple Street in Palmyra, Pennsylvania, near local amenities, major commuting routes, and Hershey attractions. Its four-unit layout accommodates an owner-occupant arrangement with additional rental units, a use explicitly supported by the property’s configuration.
The property is located at 43 E Maple Street in Palmyra, Pennsylvania, near local amenities, major commuting routes, and Hershey attractions. Its four-unit layout accommodates an owner-occupant arrangement with additional rental units, a use explicitly supported by the property’s configuration.
Key Highlights
- Four residential units totaling 3,993 square feet
- Unit mix includes one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom apartments
- Brick construction dating to 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,679
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,580
$713.6K
Cap Rate 7%
$509,700
$509.7K
Cap Rate 9%
$396,433
$396.4K
Market Conditions
NOI Build-Up for 3,993 SF
Gross rent
$55.1K $13.80/SF
− Vacancy
−$4.1K −$1.04/SF
EGI
$51.0K $12.77/SF
− OpEx
−$15.3K −$3.83/SF
NOI
$35.7K $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 Rate 5%
$713,580
Cap Rate 7%
$509,700
Cap Rate 9%
$396,433
Alternative Uses
Best Use
Multifamily LT 5
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$473.7K
$414.5K – $552.6K
NOI $33,158 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$937.2K
$820.1K – $1.09M
NOI $65,607 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 17078, PA
23,496
Population
9,602
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
30.1 sq mi
ZIP Area
781
Density / Sq Mi
$84,533
Median Household Income
$47,141
Median Earnings
$1,252
Median Rent
$278,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer a mix of one-, two-, and three-bedroom layouts.
Where is this quadplex located?
The property is located at 43 E MAPLE STREET Palmyra, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Four residential units totaling 3,993 square feet; Unit mix includes one 3‑bedroom, one 2‑bedroom, and two 1‑bedroom apartments; Brick construction dating to 1925
