Two-Unit Duplex with Separate
562 W MAIN Street, Mount Joy, PA 17552
For Sale
New
$225,000
Multi-Family, MOUNT JOY, PA
Property Size1,861 SF
Lot Size0.11 Acres
Price / SF$120.90
Days on Market1
Property Features for 562 W MAIN Street
General Information
Property type
Property subtype
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 367-3500
Listed By:
Gregory A Shank · License PA AB068102
(717) 682-3539
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# PALA2098886
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.
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Investment Insights
Based on property information with market context.
This 1,861-square-foot duplex contains two apartments. The first-floor unit has one bedroom, one bathroom, and a laundry/mudroom. Upstairs, a two-bedroom, one-bathroom apartment has a separate exterior entrance; washer and dryer hookups are in the basement. Each unit has its own electric meter, while the oil heating system is controlled from the first-floor apartment.
Built in 1900, the property sits on a 0.11-acre lot and offers both off-street and on-street parking. Grocery stores, pharmacies, restaurants, and shopping are accessible nearby.
Built in 1900, the property sits on a 0.11-acre lot and offers both off-street and on-street parking. Grocery stores, pharmacies, restaurants, and shopping are accessible nearby.
Key Highlights
- Two apartments: first‑floor unit has 1 bedroom and 1 bathroom; second‑floor unit has 2 bedrooms and 1 bathroom
- 1,861 square feet on a 0.11‑acre lot
- Separate exterior entrance for the second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,332
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,640
$366.6K
Cap Rate 7%
$261,886
$261.9K
Cap Rate 9%
$203,689
$203.7K
Market Conditions
NOI Build-Up for 1,861 SF
Gross rent
$33.5K $18.00/SF
− Vacancy
−$167 −$0.09/SF
EGI
$33.3K $17.91/SF
− OpEx
−$15.0K −$8.06/SF
NOI
$18.3K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,640
Cap Rate 7%
$261,886
Cap Rate 9%
$203,689
Alternative Uses
Best Use
Multifamily LT 5
$297.0K
$259.8K – $346.5K
NOI $20,787 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$261.9K
$229.2K – $305.5K
NOI $18,332 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$623.6K
$545.7K – $727.6K
NOI $43,654 @ 7.0% cap · market cap 19.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
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Business Placement
Demographics for 17552, PA
20,393
Population
8,684
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
626
Density / Sq Mi
$89,776
Median Household Income
$48,718
Median Earnings
$1,225
Median Rent
$275,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lancaster County, PA
Properties on Market for Duplexes in Lancaster County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters serve the apartments, with off-street and on-street parking available.
Where is this duplex located?
The property is located at 562 W MAIN Street Mount Joy, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two apartments: first‑floor unit has 1 bedroom and 1 bathroom; second‑floor unit has 2 bedrooms and 1 bathroom; 1,861 square feet on a 0.11‑acre lot; Separate exterior entrance for the second‑floor apartment
