Duplex with Storage
New
For Sale
$300,000
48 & 50 S CHARLES Street, Ephrata, PA 17522
Multi-Family, EPHRATA, PA
Property Size2,100 SF
Lot Size0.13 Acres
Price / SF$142.86
Days on Market1
Property Features for 48 & 50 S CHARLES Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Elementary school district
EPHRATA AREA
Middle school district
EPHRATA AREA
High school district
EPHRATA AREA
Standard status
Active
Size
2,100 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4809
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Amenities
covered balcony
covered porch
shed storage
parking area
Building Details
Year built
1885
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Hostetter Realty LLC
(717) 354-6416
Listed By:
John J. Rutt, II
(717) 587-8906
Added: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# PALA2096682
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 48 & 50 S Charles Street in Ephrata, this duplex contains two apartments of approximately 1,050 square feet each. Both have two bedrooms, a full bathroom, an eat-in kitchen with appliances, and two living rooms. Covered bedroom balconies and covered front and side porches serve the apartments. Each residence also has shed storage, while a separate steel storage building measures 35' x 20'.
The property sits on a level 0.13-acre lot and includes an off-street parking area. Building systems include an oil furnace with hot-water radiators, public water and sewer, and separate electric service for each unit. Exterior improvements include vinyl siding and cellulose insulation in the outside walls. The building dates to 1885.
The property sits on a level 0.13-acre lot and includes an off-street parking area. Building systems include an oil furnace with hot-water radiators, public water and sewer, and separate electric service for each unit. Exterior improvements include vinyl siding and cellulose insulation in the outside walls. The building dates to 1885.
Key Highlights
- Two‑unit duplex with approximately 1,050 sq. ft. per apartment
- Each residence has 2 bedrooms, a full bath, an eat‑in kitchen, and 2 living rooms
- Separate 35' x 20' steel storage building, plus shed storage for each unit
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature separate electric service, covered porches, and off-street parking.
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 sq. ft. per apartment; Each residence has 2 bedrooms, a full bath, an eat‑in kitchen, and 2 living rooms; Separate 35' x 20' steel storage building, plus shed storage for each unit
