Triplex with Attached Garage
For Sale
Under Contract
$850,000
50 S BROAD Street, Lititz, PA 17543
MULTI_FAMILY - Other - LITITZ, PA
Property Size2,971 SF
Lot Size0.08 Acres
Price / SF$286.10
Days on Market52
Property Features for 50 S BROAD Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
6
Parking features
Garage - Attached, Off Street, On Street
Elementary school district
WARWICK
Middle school district
WARWICK
High school district
WARWICK
Standard status
Active Under Contract
Size
2,971 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7020
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Building Details
Year built
1900
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Pinnacle · RE/MAX International
(717) 569-2222
Listed By:
Kimberly Wingert · License #RS210568L
(717) 951-7251
Added: Jun 22
Changed: Aug 1
Last Checked: Aug 11 at 11:06PM
MLS# PALA2090598
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.
Brick triplex property offering multiple space options in one building. The first floor features a showroom that was most recently operated as a jewelry store, with additional room for a first-floor apartment or office space based on prior professional office use. The second floor includes a large three-bedroom apartment.
The property also includes parking convenience with an attached two-car garage, along with off-street and on-street parking. At just 0.08 acres, the building is compact, and the total property size is 2,971 square feet. Constructed in 1900, it is equipped with central air and an “other” heating system.
Rental income is not determinable from the provided information because all space has been occupied by the owner or the owner’s family.
The property also includes parking convenience with an attached two-car garage, along with off-street and on-street parking. At just 0.08 acres, the building is compact, and the total property size is 2,971 square feet. Constructed in 1900, it is equipped with central air and an “other” heating system.
Rental income is not determinable from the provided information because all space has been occupied by the owner or the owner’s family.
Key Highlights
- Brick triplex with first‑floor showroom space plus room for a first‑floor apartment or office
- Second floor includes a large three‑bedroom apartment
- Attached two‑car garage plus off‑street parking and on‑street parking
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
$34,964
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
4.11%
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%
$699,280
$699.3K
Cap Rate 7%
$499,486
$499.5K
Cap Rate 9%
$388,489
$388.5K
Market Conditions
NOI Build-Up for 2,971 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
$53.5K $18.00/SF
− Vacancy
−$3.5K −$1.19/SF
EGI
$49.9K $16.81/SF
− OpEx
−$15.0K −$5.04/SF
NOI
$35.0K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /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%
$699,280
Cap Rate 7%
$499,486
Cap Rate 9%
$388,489
Alternative Uses
Best Use
Retail
$499.5K
$437.1K – $582.7K
NOI $34,964 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$474.1K
$414.8K – $553.1K
NOI $33,186 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$995.6K
$871.2K – $1.16M
NOI $69,692 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 17543, PA
45,320
Population
18,762
Households
2.4
Avg Household Size
45
Median Age
40%
College-Educated
93%
High-School Grad
66.0 sq mi
ZIP Area
687
Density / Sq Mi
$94,609
Median Household Income
$53,146
Median Earnings
$1,347
Median Rent
$321,900
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?
Triplex - Brick triplex with a first-floor showroom and a large second-floor 3-bedroom apartment, plus a two-car attached garage.
Where is this triplex located?
The property is located at 50 S BROAD Street Lititz, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Brick triplex with first‑floor showroom space plus room for a first‑floor apartment or office; Second floor includes a large three‑bedroom apartment; Attached two‑car garage plus off‑street parking and on‑street parking
