4-Unit Brick Apartment
For Sale
$540,000
63-69 AKRON RD, Ephrata, PA 17522
Four residences offer a mix of one- and two-bedroom layouts, with laundry appliances provided in each unit.
Property Size2,880 SF
Price / SF$187.50
Days on Market8
Property Features for 63-69 AKRON RD
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-family
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Source:
Graves
Added: Sep 29
Last Checked: Oct 5 at 6:48PM
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 Kingsway Realty - Ephrata
Investment Insights
Based on property information with market context.
At 63–69 Akron Road in Ephrata, this 2,880-square-foot, two-story brick and vinyl apartment property contains four units. Two apartments have two bedrooms and 1½ baths; the other two feature one bedroom and a full bath. Each residence includes a kitchen, living room, washer and dryer, electric baseboard heat, and window air conditioning. Insulated windows and macadam parking areas are additional property features.
The property is minutes from Ephrata conveniences, with access to Routes 322 and 222. Its unit mix and on-site parking are complemented by individual laundry appliances in all four apartments.
The property is minutes from Ephrata conveniences, with access to Routes 322 and 222. Its unit mix and on-site parking are complemented by individual laundry appliances in all four apartments.
Key Highlights
- Four‑unit apartment property totaling 2,880 square feet
- Two‑story construction with brick and vinyl exterior
- Two units have 2 bedrooms and 1½ baths; two have 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,169
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,380
$643.4K
Cap Rate 7%
$459,557
$459.6K
Cap Rate 9%
$357,433
$357.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$46.7K $16.20/SF
− Vacancy
−$700 −$0.24/SF
EGI
$46.0K $15.96/SF
− OpEx
−$13.8K −$4.79/SF
NOI
$32.2K $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%
$643,380
Cap Rate 7%
$459,557
Cap Rate 9%
$357,433
Alternative Uses
Best Use
Multifamily LT 5
$459.6K
$402.1K – $536.2K
NOI $32,169 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$405.3K
$354.6K – $472.8K
NOI $28,369 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$965.1K
$844.5K – $1.13M
NOI $67,557 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Quadplex - Four residences offer a mix of one- and two-bedroom layouts, with laundry appliances provided in each unit.
Where is this quadplex located?
The property is located at 63-69 AKRON RD Ephrata, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four‑unit apartment property totaling 2,880 square feet; Two‑story construction with brick and vinyl exterior; Two units have 2 bedrooms and 1½ baths; two have 1 bedroom and 1 full bath
