529 East King Street Lancaster, PA 17602
Three-unit property with a three-car garage and on-site laundry.
- Added:
- May 21, 2026
- Days on Market:
- 55
- Last Refresh:
- Jul 3 at 5:35 am
Property Features for 529 East King Street
General Information
- Standard status
- Active
- Size
- 2,325 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1880
Listing office Iron Valley Real Estate of Lancaster (717) 808-0143
Listing date May 21, 2026
Source Compass
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 Iron Valley Real Estate of Lancaster
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased 3‑unit property provides immediate rental income.
- Each unit has a dedicated garage space in the 3‑car garage.
- Oversized yard with patios and balconies offers ample outdoor space.
Local 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 | $37.7k | $16.20 |
| − Vacancy | −$565 | −$0.24 |
| EGI | $37.1k | $15.96 |
| − OpEx | −$11.1k | −$4.79 |
| NOI | $26.0k | $11.17 |
