Two-Unit Duplex with Storage
For Sale
$300,000
Pending
48 & 50 S CHARLES STREET, Ephrata, PA 17522
Both residences offer two bedrooms, two living rooms, and covered outdoor areas.
Property Size2,100 SF
Lot Size0.13 Acres
Days on Market27
Property Features for 48 & 50 S CHARLES STREET
General Information
Standard status
Pending
Size
2,100 SF
Lot size
0.13 Acres
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1885
Buildings
2
Listing Agency:
Hostetter Realty LLC
(717) 354-6416
Listed By:
John J. Rutt, II
(717) 587-8906
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 31
Last Checked: Nov 1 at 5:27AM
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 Hostetter Realty LLC
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Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex on a level 0.13-acre lot contains two residences of approximately 1,050 square feet each. Both have eat-in kitchens with appliances, two living rooms, two bedrooms, a full bathroom, and a covered bedroom balcony. Covered porches serve the front and side entrances, and each unit has a storage shed. A 35-by-20-foot steel storage building is also on the property.
Built in 1885, the building has oil heat with hot-water radiators, public water and sewer, and separate electric service for each unit. Improvements include cellulose insulation in the exterior walls and vinyl siding; the roof is described as good. A parking area is included.
Built in 1885, the building has oil heat with hot-water radiators, public water and sewer, and separate electric service for each unit. Improvements include cellulose insulation in the exterior walls and vinyl siding; the roof is described as good. A parking area is included.
Key Highlights
- Two‑unit duplex with approximately 1,050 square feet per residence
- Each unit has two bedrooms, two living rooms, an eat‑in kitchen, and a full bathroom
- Covered bedroom balcony and front and side porch entrances at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,457
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,140
$469.1K
Cap Rate 7%
$335,100
$335.1K
Cap Rate 9%
$260,633
$260.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$34.0K $16.20/SF
− Vacancy
−$510 −$0.24/SF
EGI
$33.5K $15.96/SF
− OpEx
−$10.1K −$4.79/SF
NOI
$23.5K $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%
$469,140
Cap Rate 7%
$335,100
Cap Rate 9%
$260,633
Alternative Uses
Best Use
Multifamily LT 5
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,686 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$703.7K
$615.8K – $821.0K
NOI $49,261 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
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Business Placement
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, two living rooms, and covered outdoor areas.
Where is this duplex located?
The property is located at 48 & 50 S CHARLES STREET Ephrata, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,050 square feet per residence; Each unit has two bedrooms, two living rooms, an eat‑in kitchen, and a full bathroom; Covered bedroom balcony and front and side porch entrances at each residence
