Brick
New
For Sale
$279,900
47 S MARSHALL STREET, Lancaster, PA 17602
Two apartments include an occupied lower unit and a vacant upper unit.
Property Size2,112 SF
Price / SF$132.53
Days on Market4
Property Features for 47 S MARSHALL STREET
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1900
Buildings
1
Stories
2
Construction
brick
Tenancy
Single
Listing Agency:
Prime Home Real Estate, LLC
(717) 735-2204
Listed By:
Jeffrey L Zimmerman · License #5024956
(717) 405-5748
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:11PM
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 Prime Home Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,112-square-foot brick duplex was built in 1900 and contains an apartment on each floor. The lower unit has a long-term tenant; the upper apartment is vacant. Residents pay their own heat and electric, and off-street parking is available.
The property is near downtown Lancaster and major commuting routes.
The property is near downtown Lancaster and major commuting routes.
Key Highlights
- 2,112‑square‑foot duplex with one apartment on each floor
- Brick construction; built in 1900
- Long‑term tenant occupies the first‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,591
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,820
$471.8K
Cap Rate 7%
$337,014
$337.0K
Cap Rate 9%
$262,122
$262.1K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$34.2K $16.20/SF
− Vacancy
−$513 −$0.24/SF
EGI
$33.7K $15.96/SF
− OpEx
−$10.1K −$4.79/SF
NOI
$23.6K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,820
Cap Rate 7%
$337,014
Cap Rate 9%
$262,122
Alternative Uses
Best Use
Multifamily LT 5
$337.0K
$294.9K – $393.2K
NOI $23,591 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$297.2K
$260.1K – $346.7K
NOI $20,804 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$707.7K
$619.3K – $825.7K
NOI $49,542 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,337
Businesses Nearby
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Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
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?
Duplex - Two apartments include an occupied lower unit and a vacant upper unit.
Where is this duplex located?
The property is located at 47 S MARSHALL STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,112‑square‑foot duplex with one apartment on each floor; Brick construction; built in 1900; Long‑term tenant occupies the first‑floor apartment
