4-Unit Apartment
New
For Sale
$540,000
53-59 AKRON RD, Ephrata, PA 17522
Each residence includes two bedrooms, a full bath, central AC, and an in-unit washer and dryer.
Property Size3,800 SF
Price / SF$142.11
Days on Market2
Property Features for 53-59 AKRON RD
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer/dryer
central AC
Building Details
Buildings
1
Stories
2
Construction
brick/vinyl
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Source:
Hostetterrealty
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:51AM
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 Kingsway Realty - Ephrata
Investment Insights
Based on property information with market context.
This two-story apartment property at 53–59 Akron Road contains four residences. Each unit is arranged with a kitchen, living room, two bedrooms, and one full bathroom. Electric baseboard heat and central air conditioning serve each apartment, and a washer and dryer are included in every unit. The exterior combines brick and vinyl, with insulated windows and macadam parking areas.
The property is in Ephrata, with access to Routes 322 and 222 and nearby local conveniences. The units have a history of rental activity, according to the provided property details.
The property is in Ephrata, with access to Routes 322 and 222 and nearby local conveniences. The units have a history of rental activity, according to the provided property details.
Key Highlights
- Four apartments, each with two bedrooms and one full bathroom
- Each unit includes a kitchen, living room, washer, and dryer
- Electric baseboard heat and central AC in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,446
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,920
$848.9K
Cap Rate 7%
$606,371
$606.4K
Cap Rate 9%
$471,622
$471.6K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$61.6K $16.20/SF
− Vacancy
−$923 −$0.24/SF
EGI
$60.6K $15.96/SF
− OpEx
−$18.2K −$4.79/SF
NOI
$42.4K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,920
Cap Rate 7%
$606,371
Cap Rate 9%
$471,622
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.4K
NOI $42,446 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$534.7K
$467.9K – $623.9K
NOI $37,432 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,138 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes two bedrooms, a full bath, central AC, and an in-unit washer and dryer.
Where is this quadplex located?
The property is located at 53-59 AKRON RD Ephrata, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms and one full bathroom; Each unit includes a kitchen, living room, washer, and dryer; Electric baseboard heat and central AC in each residence
