Duplex with Steel Storage
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 Market19
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 front and side porch
covered bedroom balcony
storage shed
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
Changed: Oct 21
Last Checked: Oct 24 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 1885 duplex contains two residential units, each measuring approximately 1,050 square feet. Both have an eat-in kitchen with appliances, two living rooms, a full bathroom, two bedrooms, a covered bedroom balcony, and covered front and side entrances. Each unit also has shed storage. A separate steel storage building measures 35 by 20 feet.
The property occupies a level 0.13-acre lot at 48 and 50 S Charles Street in Ephrata. Public water and sewer serve the building, and each unit has separate electric service. Heating is provided by an oil furnace with hot-water radiators. Exterior improvements include vinyl siding and cellulose insulation in the exterior walls. The property is scheduled for auction on October 28, 2026, at 5:00 p.m.
The property occupies a level 0.13-acre lot at 48 and 50 S Charles Street in Ephrata. Public water and sewer serve the building, and each unit has separate electric service. Heating is provided by an oil furnace with hot-water radiators. Exterior improvements include vinyl siding and cellulose insulation in the exterior walls. The property is scheduled for auction on October 28, 2026, at 5:00 p.m.
Key Highlights
- Two residential units, approximately 1,050 square feet each
- 35' x 20' steel storage building
- 0.13‑acre level lot at 48 and 50 S Charles Street
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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Property Analytics
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Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, 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 residential units, approximately 1,050 square feet each; 35' x 20' steel storage building; 0.13‑acre level lot at 48 and 50 S Charles Street
