Updated Duplex with
For Sale
$699,900
57 Orchard Road, Bird in Hand, PA 17505
Agricultural-zoned property with in-law quarters and multiple accessory buildings on a spacious residential parcel.
Property Size4,510 SF
Lot Size1.50 Acres
Price / SF$155.19
Days on Market82
Property Features for 57 Orchard Road
General Information
Standard status
Active
Size
4,510 SF
Lot size
1.50 Acres
Property subtype
Multi-Family / Fee Simple
Zoning
AGRICULTURAL
Taxes and HOA fees
Annual Taxes
$7,722
Amenities
No
No Pool
Building Details
Year Built
1900
Listing Agency:
Lime House
(717) 259-3930
Listed By:
Aaron Glick · License #RS374368
(717) 259-3930
Source:
Compass
Added: May 23
Changed: Aug 10
Last Checked: Aug 11 at 1:28PM
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 Lime House
Investment Insights
Based on property information with market context.
This duplex property includes a 4,510-square-foot main residence with 6 bedrooms and 2 bathrooms, plus in-law quarters containing 2 bedrooms and 1 bathroom. Roof and siding improvements were completed in 2024 across the house and in-law quarters. The property also includes a working woodworking shop and several substantial outbuildings: a 30-by-30 two-story horse barn, a 30-by-15 garage, and a 20-by-40 two-story shop.
Set on 1.5 acres at 57 Orchard Road in Bird-in-Hand, the property carries AGRICULTURAL zoning and was built in 1900. The combination of residential space, accessory buildings, and usable acreage provides a broad physical layout for storage, workshop activities, equipment, or extended living arrangements.
Set on 1.5 acres at 57 Orchard Road in Bird-in-Hand, the property carries AGRICULTURAL zoning and was built in 1900. The combination of residential space, accessory buildings, and usable acreage provides a broad physical layout for storage, workshop activities, equipment, or extended living arrangements.
Key Highlights
- 4,510 SF duplex property with 8 bedrooms and 3 bathrooms
- Main home offers 6 bedrooms and 2 bathrooms
- In‑law quarters include 2 bedrooms and 1 bathroom
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
$50,376
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
7.20%
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%
$1,007,520
$1.0M
Cap Rate 7%
$719,657
$719.7K
Cap Rate 9%
$559,733
$559.7K
Market Conditions
NOI Build-Up for 4,510 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
$73.1K $16.20/SF
− Vacancy
−$1.1K −$0.24/SF
EGI
$72.0K $15.96/SF
− OpEx
−$21.6K −$4.79/SF
NOI
$50.4K $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 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%
$1,007,520
Cap Rate 7%
$719,657
Cap Rate 9%
$559,733
Alternative Uses
Best Use
Multifamily LT 5
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$634.7K
$555.3K – $740.4K
NOI $44,426 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,793 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 17505, PA
2,018
Population
564
Households
3.6
Avg Household Size
28
Median Age
12%
College-Educated
64%
High-School Grad
7.4 sq mi
ZIP Area
273
Density / Sq Mi
$109,514
Median Household Income
$38,033
Median Earnings
$1,609
Median Rent
$373,600
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 - Agricultural-zoned property with in-law quarters and multiple accessory buildings on a spacious residential parcel.
Where is this duplex located?
The property is located at 57 Orchard Road Bird in Hand, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4,510 SF duplex property with 8 bedrooms and 3 bathrooms; Main home offers 6 bedrooms and 2 bathrooms; In‑law quarters include 2 bedrooms and 1 bathroom
