Two-Story Quadplex with Central
For Sale
$800,000
Pending
53 AKRON ROAD, Ephrata, PA 17522
Brick-and-vinyl apartment property with four separately configured residences and on-site parking.
Property Size3,800 SF
Days on Market50
Property Features for 53 AKRON ROAD
General Information
Standard status
Pending
Size
3,800 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer & dryer
insulated windows
macadam parking lots
Building Details
Year Built
1978
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:
Cummingsrealtors
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 3 at 7:05AM
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
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Investment Insights
Based on property information with market context.
This two-story quadplex contains 3,800 square feet and was built in 1978. Each residence includes a kitchen, living room, two bedrooms, one full bathroom, electric baseboard heat, and central AC. Individual washers and dryers, insulated windows, and a low-maintenance brick-and-vinyl exterior add practical features for multifamily ownership. Macadam parking areas serve the building.
The property is located at 53 Akron Road in Ephrata, Pennsylvania, with access to Routes 322 and 222. The four-unit layout provides a clearly defined residential income configuration within a single apartment building.
The property is located at 53 Akron Road in Ephrata, Pennsylvania, with access to Routes 322 and 222. The four-unit layout provides a clearly defined residential income configuration within a single apartment building.
Key Highlights
- Four‑unit apartment building with 3,800 square feet
- Each unit includes 2 bedrooms and 1 full bath
- Central AC and electric baseboard heat in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,446
Cap Rate
5.31%
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 5.31%
Second Best
Apartment 5plus
$534.7K
$467.9K – $623.9K
NOI $37,432 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,138 @ 7.0% cap · market cap 11.14%
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
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick-and-vinyl apartment property with four separately configured residences and on-site parking.
Where is this quadplex located?
The property is located at 53 AKRON ROAD Ephrata, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four‑unit apartment building with 3,800 square feet; Each unit includes 2 bedrooms and 1 full bath; Central AC and electric baseboard heat in every unit
