Six-Address Multifamily
525 FRANKLIN STREET, Columbia, PA 17512
For Sale
$799,000
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 Market95
Property Features for 525 FRANKLIN STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Utilities to Site
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(717) 735-8400
Listed By:
Christy R Griffin · License PA RS360780
(717) 344-3033
Source:
Cummingsrealtors
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 10 at 7:19AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$39,402
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
441
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
$221,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Lancaster County, PA
Properties on Market for Multifamily properties in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
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
