Building Details

Year Built 1930

Listing Agency: Keller Williams Real Estate -Exton k***@kw.com Show Phone

Listed By: Todd Reed · License #AB046808L Show Phone

Source: Cummingsrealtors

Added: Aug 31 Changed: Oct 19 Last Checked: Oct 20 at 8:59PM

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Investment Insights

Based on property information with market context.

This duplex, built in 1930, contains two residential units with separate access points. The first-floor apartment includes two bedrooms, wood flooring in the living room and bedrooms, and a remodeled kitchen equipped with white cabinetry, tile backsplash, electric range, dishwasher, and built-in microwave. Its full bath includes both a tub and separate shower. A screened rear porch and partial basement storage serve this unit. The second-floor apartment offers a kitchen, living room, two bedrooms, and a full bath, along with attic storage. A long-term tenant currently occupies the upper unit.

The property also includes a large barn with a loft, several off-street parking spaces, and a basement laundry hookup. The home is situated on a corner lot at 5302 Lincoln Highway in Gap, Pennsylvania, and is zoned GC, or General Commercial.

Key Highlights

• Two‑unit property with separate entrances and two bedrooms in each apartment
• First‑floor unit has a remodeled kitchen, wood flooring, screened rear porch, and partial basement storage
• Second‑floor apartment includes attic storage and is occupied by a long‑term tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,491

Cap Rate

5.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,820 $389.8K

Cap Rate 7%

$278,443 $278.4K

Cap Rate 9%

$216,567 $216.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,745 SF

Gross rent

$28.3K $16.20/SF

− Vacancy

−$424 −$0.24/SF

EGI

$27.8K $15.96/SF

− OpEx

−$8.4K −$4.79/SF

NOI

$19.5K $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%

$389,820

Cap Rate 7%

$278,443

Cap Rate 9%

$216,567

Alternative Uses

Best Use

Multifamily LT 5

$278.4K

$243.6K – $324.9K (±1% cap)

NOI $19,491 @ 7.0% cap · market cap 5.73%

Second Best

Apartment 5plus

$245.6K

$214.9K – $286.5K (±1% cap)

NOI $17,189 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$584.8K

$511.7K – $682.2K (±1% cap)

NOI $40,933 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Location Intelligence

Trade Area within ½ mile

208

Businesses Nearby

Explore this area Business Placement

Demographics for 17527, PA

6,550

Population

2,162

Households

3

Avg Household Size

33

Median Age

17%

College-Educated

75%

High-School Grad

21.0 sq mi

ZIP Area

312

Density / Sq Mi

$92,292

Median Household Income

$38,958

Median Earnings

$1,319

Median Rent

$297,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate entrances, storage areas, and several off-street parking spaces on a corner parcel.

Where is this duplex located?

The property is located at 5302 LINCOLN HIGHWAY Gap, PA.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Two‑unit property with separate entrances and two bedrooms in each apartment; First‑floor unit has a remodeled kitchen, wood flooring, screened rear porch, and partial basement storage; Second‑floor apartment includes attic storage and is occupied by a long‑term tenant