Duplex With Attached
New
For Sale
$545,000
4987-4989 E BERLIN Road, Thomasville, PA 17364
Multi-Family, THOMASVILLE, PA
Property Size6,480 SF
Lot Size3.00 Acres
Price / SF$84.10
Days on Market1
Property Features for 4987-4989 E BERLIN Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room
Parking
13
Parking features
Off Street, Garage - Attached, Driveway
Interior features
Carpet, Dining Area, Bathroom - Soaking Tub, Ceiling Fan(s), Floor Plan - Open, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-in Closet(s)
Appliances
Dishwasher, Oven/Range - Electric, Refrigerator, Microwave
Elementary school
PARADISE
Middle school
SPRING GROVE AREA
High school
SPRING GROVE AREA
Elementary school district
SPRING GROVE AREA
Middle school district
SPRING GROVE AREA
High school district
SPRING GROVE AREA
Standard status
Active
Size
6,480 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
7690
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
covered front porch
shared brick patio
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Building materials
Brick, Stucco, Stick Built, Vinyl Siding
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 757-7811
Listed By:
Polly Beckner Lewis · License #RS160745A
(717) 880-0928
Added: Sep 3
Last Checked: Sep 3 at 7:06PM
MLS# PAYK2110198
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 duplex comprises two distinct residences on approximately 3 acres, with separate living areas, kitchens, bedrooms, bathrooms, and garage space. Each side includes three bedrooms and three full baths, while both residences feature open-concept layouts, cathedral ceilings, luxury vinyl flooring, updated lighting, large windows, and kitchen appliances. The left residence includes a finished lower level, a soaking tub, a walk-in shower, a private primary bath, and a one-car garage. The right residence offers a family room, a two-car attached garage, and is currently leased month-to-month.
Outdoor features include a covered front porch and a shared brick patio. The property also provides multiple gathering areas, laundry space, storage, and flexible finished rooms. Located in Thomasville, the property offers access to Hanover, Gettysburg, Mechanicsburg, and Carlisle.
Outdoor features include a covered front porch and a shared brick patio. The property also provides multiple gathering areas, laundry space, storage, and flexible finished rooms. Located in Thomasville, the property offers access to Hanover, Gettysburg, Mechanicsburg, and Carlisle.
Key Highlights
- Approximately 3 acres with two separate residences
- Six bedrooms and six full baths across the duplex
- Attached garages include one‑car and two‑car capacity
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
$48,501
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
8.90%
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%
$970,020
$970.0K
Cap Rate 7%
$692,871
$692.9K
Cap Rate 9%
$538,900
$538.9K
Market Conditions
NOI Build-Up for 6,480 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
$95.6K $14.76/SF
− Vacancy
−$7.5K −$1.15/SF
EGI
$88.2K $13.61/SF
− OpEx
−$39.7K −$6.12/SF
NOI
$48.5K $7.48/SF
Area
Luzerne County, PA
Vacancy
7.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$970,020
Cap Rate 7%
$692,871
Cap Rate 9%
$538,900
Alternative Uses
Best Use
Multifamily LT 5
$747.1K
$653.7K – $871.6K
NOI $52,296 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$692.9K
$606.3K – $808.4K
NOI $48,501 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,700 @ 7.0% cap · market cap 26.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 17364, PA
4,075
Population
1,672
Households
2.4
Avg Household Size
44
Median Age
12%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
234
Density / Sq Mi
$71,799
Median Household Income
$45,965
Median Earnings
$913
Median Rent
$204,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences on approximately three acres, each offering open living areas, three bedrooms, and three full baths.
Where is this duplex located?
The property is located at 4987-4989 E BERLIN Road Thomasville, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Approximately 3 acres with two separate residences; Six bedrooms and six full baths across the duplex; Attached garages include one‑car and two‑car capacity
