Duplex with Barn and
New
For Sale
$340,000
5302 LINCOLN Highway, Gap, PA 17527
Multi-Family, GAP, PA
Property Size1,745 SF
Lot Size0.24 Acres
Price / SF$194.84
Days on Market2
Property Features for 5302 LINCOLN Highway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Driveway
Interior features
Bathroom - Jetted Tub, Kitchen - Eat-In, Wood Floors
Appliances
Oven/Range - Electric, Refrigerator
Elementary school district
PEQUEA VALLEY
Middle school district
PEQUEA VALLEY
High school district
PEQUEA VALLEY
Standard status
Active
Size
1,745 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3336
Utilities
Heating system
Other (Heating), Hot Water(Heating)
Amenities
screened porch
partial basement storage
attic storage
laundry hook-up
off-street parking
Building Details
Year built
1930
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Real Estate -Exton · Keller Williams Realty
(610) 363-4300
Listed By:
Todd Reed · License #AB046808L
(610) 570-5864
Added: Aug 31
Last Checked: Sep 1 at 6:06AM
MLS# PALA2093326
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,745-square-foot duplex contains two residential units, each with two bedrooms and a full bathroom. The first-floor residence has been mostly remodeled and includes wood flooring in the living room and bedrooms, an eat-in kitchen with updated appliances, a screened rear porch, and partial basement storage. The second-floor unit offers a spacious kitchen, living room, two bedrooms, and attic storage. One bedroom is currently arranged as a dining room, and a long-term tenant would like to remain.
The 0.24-acre corner property also includes a large barn with a loft and several off-street parking spaces. Basement laundry hookups are available in the larger unfinished section. The home was built in 1930 and is identified as GC, or General Commercial, zoning by the township website. The property is located at 5302 Lincoln Highway in Gap, Pennsylvania.
The 0.24-acre corner property also includes a large barn with a loft and several off-street parking spaces. Basement laundry hookups are available in the larger unfinished section. The home was built in 1930 and is identified as GC, or General Commercial, zoning by the township website. The property is located at 5302 Lincoln Highway in Gap, Pennsylvania.
Key Highlights
- Two‑unit duplex with 1,745 square feet of building area
- Two bedrooms and one full bathroom in each residential unit
- Large barn with loft on a 0.24‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,820
$389.8K
Cap Rate 7%
$278,443
$278.4K
Cap Rate 9%
$216,567
$216.6K
Market Conditions
NOI Build-Up for 1,745 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $19,491 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$245.6K
$214.9K – $286.5K
NOI $17,189 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$584.8K
$511.7K – $682.2K
NOI $40,933 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - GC-zoned corner property with off-street parking, storage areas, and a screened rear porch.
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 duplex with 1,745 square feet of building area; Two bedrooms and one full bathroom in each residential unit; Large barn with loft on a 0.24‑acre corner lot
