Two-Unit Duplex with
610 W CHESTNUT STREET, Lancaster, PA 17603
For Sale
$410,000
Pending
Two-level residential income property with separate utilities, included appliances, and varied unit layouts.
Property Size2,554 SF
Days on Market51
Property Features for 610 W CHESTNUT STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Building Details
Year Built
Stories
Listing Agency:
Puffer Morris Real Estate, Inc.
(717) 299-3433
Listed By:
Brian Altimare · License #RS338080
(717) 330-4695
Source:
Cummingsrealtors
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 8 at 6:36AM
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 Puffer Morris Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,554-square-foot duplex contains two separate residential units. The first-floor apartment offers one bedroom, one bathroom, a spacious kitchen, dining room, and living room. Upstairs, the larger unit includes four bedrooms, one bathroom, a kitchen, family room, laundry area, and porch. Utilities are separately metered, and appliances remain with the property.
The property is located at 610 W Chestnut Street in Lancaster, Pennsylvania 17603. Two off-street parking spaces serve the building, adding practical convenience for occupants. The distinct layouts and separate utility setup provide a straightforward configuration for residential income use.
The property is located at 610 W Chestnut Street in Lancaster, Pennsylvania 17603. Two off-street parking spaces serve the building, adding practical convenience for occupants. The distinct layouts and separate utility setup provide a straightforward configuration for residential income use.
Key Highlights
- Two‑unit duplex with 2,554 square feet
- First‑floor unit has 1BD, 1BA, kitchen, dining room, and living room
- Second‑floor unit includes 4BD, 1BA, kitchen, family room, laundry, and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,528
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,560
$570.6K
Cap Rate 7%
$407,543
$407.5K
Cap Rate 9%
$316,978
$317.0K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$41.4K $16.20/SF
− Vacancy
−$621 −$0.24/SF
EGI
$40.8K $15.96/SF
− OpEx
−$12.2K −$4.79/SF
NOI
$28.5K $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%
$570,560
Cap Rate 7%
$407,543
Cap Rate 9%
$316,978
Alternative Uses
Best Use
Multifamily LT 5
$407.5K
$356.6K – $475.5K
NOI $28,528 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,158 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$855.9K
$748.9K – $998.5K
NOI $59,910 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,417
Businesses Nearby
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Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lancaster, PA
Properties on Market for Duplexes in Lancaster
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with separate utilities, included appliances, and varied unit layouts.
Where is this duplex located?
The property is located at 610 W CHESTNUT STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,554 square feet; First‑floor unit has 1BD, 1BA, kitchen, dining room, and living room; Second‑floor unit includes 4BD, 1BA, kitchen, family room, laundry, and porch
