Triplex Investment
521 & 523 E MAIN Street Palmyra, PA 17078
For Sale
$440,000
MULTI_FAMILY - PALMYRA, PA
Property Size2,922 SF
Lot Size0.18 Acres
Price / SF$150.58
Days on Market120
Property Features for 521 & 523 E MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
8
Parking features
Off Street, Driveway
Interior features
Bathroom - Tub Shower, Carpet, Ceiling Fan(s)
Appliances
Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
Standard status
Active
Size
2,922 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
5292
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1930
Number of units
3
Building materials
Aluminum Siding
Listing Agency:
Iron Valley Real Estate
(717) 769-2986
Listed By:
Amanda Krall · License #RS329101
(717) 514-4772
Added: Mar 31
Changed: Jul 13
Last Checked: Jul 28 at 5:06PM
MLS# PALN2025266
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 well-maintained triplex offers three spacious, separately metered living units designed for practical long-term rental operations. The 523 unit spans two floors with 2 bedrooms and 1 full bath on the second level, plus a main level layout that includes a living room, dining room, kitchen, half bath, and laundry. Luxury vinyl plank flooring runs through the main level, with carpet upstairs, and the tenant has access to a tenant-owned washer and dryer in the kitchen. Two-zone gas hot water heat serves the unit, and there is no A/C. Shared unfinished basement access is available.
521 includes two distinct units. Unit A is a one-bedroom layout on the main level with a living room, kitchen, full bath, and in-unit laundry, served by gas hot water heat with no A/C. The tenant pays gas and electric, while the owner covers water/sewer and trash. Unit B is a multi-level unit with 3 bedrooms and 1 full bath, with gas heat and central air. A furnace and a 100-amp subpanel are located on the third level, and the tenant pays gas and electric while the owner covers water/sewer and trash.
The shared basement provides mechanical space for all three units, including gas furnaces for 523 and 521 Unit A, water heaters for all three units, and three separate 100-amp electric panels. Off-street parking is available in the rear for all units, and the owner maintains the yard. The roof will be replaced, enhancing the property’s near-term investment value for both investors and owner-occupants.
521 includes two distinct units. Unit A is a one-bedroom layout on the main level with a living room, kitchen, full bath, and in-unit laundry, served by gas hot water heat with no A/C. The tenant pays gas and electric, while the owner covers water/sewer and trash. Unit B is a multi-level unit with 3 bedrooms and 1 full bath, with gas heat and central air. A furnace and a 100-amp subpanel are located on the third level, and the tenant pays gas and electric while the owner covers water/sewer and trash.
The shared basement provides mechanical space for all three units, including gas furnaces for 523 and 521 Unit A, water heaters for all three units, and three separate 100-amp electric panels. Off-street parking is available in the rear for all units, and the owner maintains the yard. The roof will be replaced, enhancing the property’s near-term investment value for both investors and owner-occupants.
Key Highlights
- Triplex built in 1930 at 523 E Main St, offering three units with tenant‑paid utilities.
- 523 E Main St unit features 2 bedrooms and 1 full bath plus a half bath, with laundry on the main level.
- 521 Unit A is a 1‑bedroom unit with in‑unit laundry; tenant pays gas and electric while owner covers water/sewer and trash.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $13.80 |
| − Vacancy | −$3.0k | −$1.04 |
| EGI | $37.3k | $12.77 |
| − OpEx | −$11.2k | −$3.83 |
| NOI | $26.1k | $8.94 |
2,922 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,110 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$685.9K
$600.1K – $800.2K
NOI $48,010 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with three separate units and separate utilities, offering strong income potential for investors or owner-occupants.
Where is this triplex located?
The property is located at 521 & 523 E MAIN Street Palmyra, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Triplex built in 1930 at 523 E Main St, offering three units with tenant‑paid utilities.; 523 E Main St unit features 2 bedrooms and 1 full bath plus a half bath, with laundry on the main level.; 521 Unit A is a 1‑bedroom unit with in‑unit laundry; tenant pays gas and electric while owner covers water/sewer and trash.
