Six-Address Multifamily
New
For Sale
$799,000
525 FRANKLIN STREET, Columbia, PA 17512
Vacant residential income property with separate utility accounts and a detached garage in Columbia Borough’s MDR zoning district.
Property Size4,000 SF
Price / SF$199.75
Days on Market7
Property Features for 525 FRANKLIN STREET
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
MDR
Additional Details
Utilities to Site
Yes
Multifamily Units
6
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
(717) 344-3033
Listed By:
Christy R Griffin · License #Rs360780
(717) 344-3033
Source:
Cummingsrealtors
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 8:33AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 525 Franklin Street in Columbia, Pennsylvania, this multifamily property contains six residential addresses within approximately 4000 SF. The property is currently vacant and includes a detached two-car garage. Separate utility accounts are in place, providing distinct utility billing for the property’s residential components.
Built in 1950, the asset occupies nearly one acre in Columbia Borough’s MDR zoning district. It was previously used for a commercial residential program under a triple-net lease. Zoning, permitted uses, utility availability, and any future development plans should be independently confirmed with the municipality and applicable authorities.
Built in 1950, the asset occupies nearly one acre in Columbia Borough’s MDR zoning district. It was previously used for a commercial residential program under a triple-net lease. Zoning, permitted uses, utility availability, and any future development plans should be independently confirmed with the municipality and applicable authorities.
Key Highlights
- Six residential addresses within approximately 4000 SF
- Nearly one acre in Columbia Borough’s MDR zoning district
- Detached two‑car garage
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
$39,402
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
4.93%
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%
$788,040
$788.0K
Cap Rate 7%
$562,886
$562.9K
Cap Rate 9%
$437,800
$437.8K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$360 −$0.09/SF
EGI
$71.6K $17.91/SF
− OpEx
−$32.2K −$8.06/SF
NOI
$39.4K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /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%
$788,040
Cap Rate 7%
$562,886
Cap Rate 9%
$437,800
Alternative Uses
Best Use
Apartment 5plus
$562.9K
$492.5K – $656.7K
NOI $39,402 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,830 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 17512, PA
18,267
Population
8,255
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
16.0 sq mi
ZIP Area
1,142
Density / Sq Mi
$61,130
Median Household Income
$42,702
Median Earnings
$1,067
Median Rent
$221,100
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?
Multifamily property - Vacant residential income property with separate utility accounts and a detached garage in Columbia Borough’s MDR zoning district.
Where is this multifamily property located?
The property is located at 525 FRANKLIN STREET Columbia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six residential addresses within approximately 4000 SF; Nearly one acre in Columbia Borough’s MDR zoning district; Detached two‑car garage
