3-Unit Townhome
New
For Sale
$389,900
49 LUMBER Street, Littlestown, PA 17340
Multi-Family, LITTLESTOWN, PA
Property Size3,788 SF
Lot Size0.14 Acres
Price / SF$102.93
Days on Market2
Property Features for 49 LUMBER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Off Street, Offsite
Elementary school district
LITTLESTOWN AREA
Middle school district
LITTLESTOWN AREA
High school district
LITTLESTOWN AREA
Standard status
Active
Size
3,788 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4347
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1930
Number of units
3
Building materials
Stick Built, Vinyl Siding
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 633-7300
Listed By:
Bill Mundorff · License #RS155742A
(717) 479-1964
Added: Sep 25
Last Checked: Sep 26 at 7:06PM
MLS# PAAD2025912
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.
This 3,788-square-foot property contains three attached townhomes, each arranged across two floors. The residences offer two bedrooms and one bathroom, three bedrooms and 2.5 bathrooms, and three bedrooms with two full bathrooms, respectively. Basements serve the first and second units. Central air conditioning is installed in the second and third units; the property also has window-unit cooling. Hot-water and baseboard heating are listed. Built in 1930, the property occupies a 0.14-acre parcel.
All three homes are rented, and tenants pay the utility costs. The configuration brings three distinct residential unit layouts together in one property.
All three homes are rented, and tenants pay the utility costs. The configuration brings three distinct residential unit layouts together in one property.
Key Highlights
- Three leased townhomes; tenants pay all utilities
- 3,788 square feet on a 0.14‑acre parcel
- Unit mix: 2 bedrooms/1 bath, 3 bedrooms/2.5 baths, and 3 bedrooms/2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,460
$349.5K
Cap Rate 7%
$249,614
$249.6K
Cap Rate 9%
$194,144
$194.1K
Market Conditions
NOI Build-Up for 3,788 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $6.96/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$25.0K $6.59/SF
− OpEx
−$7.5K −$1.98/SF
NOI
$17.5K $4.61/SF
Area
Adams County, PA
Vacancy
5.32%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,460
Cap Rate 7%
$249,614
Cap Rate 9%
$194,144
Alternative Uses
Best Use
Multifamily LT 5
$249.6K
$218.4K – $291.2K
NOI $17,473 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$229.3K
$200.6K – $267.5K
NOI $16,049 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$697.7K
$610.5K – $814.0K
NOI $48,837 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 17340, PA
11,238
Population
4,489
Households
2.5
Avg Household Size
45
Median Age
19%
College-Educated
92%
High-School Grad
39.4 sq mi
ZIP Area
285
Density / Sq Mi
$84,858
Median Household Income
$43,271
Median Earnings
$1,179
Median Rent
$276,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - All three residences are leased, with occupants covering their utility costs.
Where is this triplex located?
The property is located at 49 LUMBER Street Littlestown, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three leased townhomes; tenants pay all utilities; 3,788 square feet on a 0.14‑acre parcel; Unit mix: 2 bedrooms/1 bath, 3 bedrooms/2.5 baths, and 3 bedrooms/2 full baths
