Two-Unit Brick
New
For Sale
$499,900
5820 MAIN STREET, East Petersburg, PA 17520
Separate off-street parking complements the existing residential configuration.
Property Size2,909 SF
Price / SF$171.85
Days on Market7
Property Features for 5820 MAIN STREET
General Information
Standard status
Active
Size
2,909 SF
Total Parking Spaces
6
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1915
Buildings
1
Construction
brick
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
R. Ashley Brunner · License #RS216411L
(717) 420-1525
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 24
Last Checked: Oct 24 at 5:14PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,909-square-foot duplex, built in 1915, has an all-brick exterior and is currently arranged as two units. The property also includes a detached two-car garage and four additional off-street parking spaces. The existing layout could be retained or considered for conversion to a single residence.
Located on Main Street in East Petersburg, the property offers access to Lancaster, Lititz, Manheim, shopping, dining, and major commuting routes.
Located on Main Street in East Petersburg, the property offers access to Lancaster, Lititz, Manheim, shopping, dining, and major commuting routes.
Key Highlights
- 2,909‑square‑foot property with two existing units
- All‑brick construction; built in 1915
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,493
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,860
$649.9K
Cap Rate 7%
$464,186
$464.2K
Cap Rate 9%
$361,033
$361.0K
Market Conditions
NOI Build-Up for 2,909 SF
Gross rent
$47.1K $16.20/SF
− Vacancy
−$707 −$0.24/SF
EGI
$46.4K $15.96/SF
− OpEx
−$13.9K −$4.79/SF
NOI
$32.5K $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%
$649,860
Cap Rate 7%
$464,186
Cap Rate 9%
$361,033
Alternative Uses
Best Use
Multifamily LT 5
$464.2K
$406.2K – $541.6K
NOI $32,493 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$974.8K
$853.0K – $1.14M
NOI $68,238 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 17520, PA
4,863
Population
2,221
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
2,702
Density / Sq Mi
$86,489
Median Household Income
$42,355
Median Earnings
$1,370
Median Rent
$252,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate off-street parking complements the existing residential configuration.
Where is this duplex located?
The property is located at 5820 MAIN STREET East Petersburg, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,909‑square‑foot property with two existing units; All‑brick construction; built in 1915; Detached two‑car garage
