Four-Unit Apartment
New
For Sale
$540,000
63-69 AKRON Road, Ephrata, PA 17522
Multi-Family, EPHRATA, PA
Property Size2,880 SF
Lot Size0.25 Acres
Price / SF$187.50
Days on Market1
Property Features for 63-69 AKRON Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Parking Lot
Elementary school district
EPHRATA AREA
Middle school district
EPHRATA AREA
High school district
EPHRATA AREA
Standard status
Active
Size
2,880 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
4528
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall Unit(s)
Amenities
washer/dryer in unit
insulated windows
macadam parking lots
Building Details
Year built
1981
Number of units
4
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Added: Sep 15
Last Checked: Sep 15 at 3:06PM
MLS# PALA2095428
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story apartment property contains four units within 2,880 square feet on a 0.25-acre parcel. Two apartments include a kitchen, living room, two bedrooms, and 1 1/2 baths; the other two offer a kitchen, living room, one bedroom, and one full bath. Electric baseboard heating, window air-conditioning units, insulated windows, and washer-and-dryer sets serve the units. The building dates to 1981 and has a brick-and-vinyl exterior with macadam parking areas.
The property is located at 63-69 Akron Road in Ephrata, Lancaster County, with access to Routes 322 and 222. It is positioned near local Ephrata conveniences and includes on-site parking for the apartment building.
The property is located at 63-69 Akron Road in Ephrata, Lancaster County, with access to Routes 322 and 222. It is positioned near local Ephrata conveniences and includes on-site parking for the apartment building.
Key Highlights
- Four‑unit apartment building with 2,880 square feet
- Unit mix includes two 2‑bedroom units and two 1‑bedroom units
- Two‑story building on a 0.25‑acre parcel
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
$32,169
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
5.96%
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%
$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
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
$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 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%
$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
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Current Use
Lease Details
4
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story rental property with mixed one- and two-bedroom units, in-unit laundry, and on-site parking.
Where is this quadplex located?
The property is located at 63-69 AKRON Road 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 building with 2,880 square feet; Unit mix includes two 2‑bedroom units and two 1‑bedroom units; Two‑story building on a 0.25‑acre parcel
