602 St Joseph St Lancaster, PA 17603
Fully leased, renovated mixed-use property in Lancaster's SOWE District.
Property Features for 602 St Joseph St
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1870
Listing office U.S. Commercial Realty (717) 968-8433
Listing date Sep 18, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased 2‑unit investment property in Lancaster City's SOWE District.
- Significant recent renovations including a new roof (2023), commercial storefront and facade (2019), and HVAC replacement (2019).
- Includes a commercial tenant space and a 4 bed/1 bath apartment.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $16.20 |
| − Vacancy | −$575 | −$0.24 |
| EGI | $37.8k | $15.96 |
| − OpEx | −$11.3k | −$4.79 |
| NOI | $26.5k | $11.17 |
