Two-Unit Duplex with Storage
New
For Sale
$300,000
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
Price / SF$142.86
Days on Market2
Property Features for 48 & 50 S CHARLES STREET
General Information
Standard status
Active
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 7
Last Checked: Oct 7 at 2:19PM
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
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.
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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Market
Vacancy Rate% for Multifamily in Northeast region
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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
