Brick Triplex with Off-Street
For Sale
$325,000
Pending
43 W Main St, Annville, PA 17003
Two vacant units are move-in ready, while the third has a long-term month-to-month tenant.
Property Size2,643 SF
Lot Size0.23 Acres
Days on Market53
Property Features for 43 W Main St
General Information
Standard status
Pending
Size
2,643 SF
Lot size
0.23 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA, 1 x 1BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,929
Amenities
air conditioning
off-street parking
Building Details
Buildings
1
Construction
brick
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Keith Snyder · License #RS303415
(717) 376-4029
Source:
Exprealty
Added: Aug 27
Changed: Oct 6
Last Checked: Oct 16 at 11:54AM
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
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Investment Insights
Based on property information with market context.
This brick triplex contains 2,643 square feet on a level 0.23-acre lot with off-street parking. The property includes one occupied two-story unit with three bedrooms, one bath, hardwood floors, a kitchen, dining area, living room, and laundry hookup. Two additional one-bedroom units are vacant and ready for occupancy; one has a private deck and includes a washer and dryer, while the other is served by natural gas heat. All units have wall-mounted A/C, and the building features replacement windows, select new exterior doors, updated fascia and gutters, and stainless steel chimney liners.
Natural gas hookups are already in place for potential connection of individual meters to the other units. The landlord pays water, sewer, and trash, while tenants pay electric and heat. The property is within the Annville-Cleona School District and walking distance of local shops and LVC, with access to Hershey Med, Lebanon VA, and Fort Indiantown Gap.
Natural gas hookups are already in place for potential connection of individual meters to the other units. The landlord pays water, sewer, and trash, while tenants pay electric and heat. The property is within the Annville-Cleona School District and walking distance of local shops and LVC, with access to Hershey Med, Lebanon VA, and Fort Indiantown Gap.
Key Highlights
- 2,643‑square‑foot brick triplex on a level 0.23‑acre lot
- Unit mix includes one 3‑bedroom unit and two 1‑bedroom units
- Two vacant units are move‑in ready; one includes a private deck and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,617
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,340
$472.3K
Cap Rate 7%
$337,386
$337.4K
Cap Rate 9%
$262,411
$262.4K
Market Conditions
NOI Build-Up for 2,643 SF
Gross rent
$36.5K $13.80/SF
− Vacancy
−$2.7K −$1.04/SF
EGI
$33.7K $12.77/SF
− OpEx
−$10.1K −$3.83/SF
NOI
$23.6K $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%
$472,340
Cap Rate 7%
$337,386
Cap Rate 9%
$262,411
Alternative Uses
Best Use
Multifamily LT 5
$337.4K
$295.2K – $393.6K
NOI $23,617 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$620.4K
$542.8K – $723.8K
NOI $43,426 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 17003, PA
12,329
Population
4,507
Households
2.7
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
42.7 sq mi
ZIP Area
289
Density / Sq Mi
$87,350
Median Household Income
$36,394
Median Earnings
$1,088
Median Rent
$242,200
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?
Triplex - Two vacant units are move-in ready, while the third has a long-term month-to-month tenant.
Where is this triplex located?
The property is located at 43 W Main St Annville, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,643‑square‑foot brick triplex on a level 0.23‑acre lot; Unit mix includes one 3‑bedroom unit and two 1‑bedroom units; Two vacant units are move‑in ready; one includes a private deck and washer/dryer
