Two-Story Quadplex with
For Sale
$712,000
Pending
63 AKRON ROAD, Ephrata, PA 17522
Four apartments offer a mix of one- and two-bedroom layouts with individual washer and dryer units.
Property Size2,880 SF
Days on Market50
Property Features for 63 AKRON ROAD
General Information
Standard status
Pending
Size
2,880 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
washer & dryer included
insulated windows
macadam parking lots
window AC units
Building Details
Year Built
1981
Buildings
1
Stories
2
Construction
brick/vinyl
Listing Agency:
Kingsway Realty - Ephrata
(717) 733-4777
Listed By:
Curvin Horning · License #RS298095
(717) 606-2226
Source:
Cummingsrealtors
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 3 at 7:08AM
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
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Investment Insights
Based on property information with market context.
This 2,880-square-foot quadplex was built in 1981 and contains four apartments across two stories. Two residences include two bedrooms, while the other two provide one-bedroom layouts. Each unit has a kitchen, living room, and full bathroom, with electric baseboard heat, window AC units, and an individual washer and dryer. The building combines brick and vinyl siding, insulated windows, and macadam parking areas.
The property is located in Ephrata, Pennsylvania, with access to local conveniences and Routes 322 and 222. The apartment configuration provides a mix of unit sizes within a single multifamily building.
The property is located in Ephrata, Pennsylvania, with access to local conveniences and Routes 322 and 222. The apartment configuration provides a mix of unit sizes within a single multifamily building.
Key Highlights
- 2,880‑square‑foot quadplex built in 1981
- Four apartment units in a two‑story building
- Unit mix includes two 2‑bedroom and two 1‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,169
Cap Rate
4.52%
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 4.52%
Second Best
Apartment 5plus
$405.3K
$354.6K – $472.8K
NOI $28,369 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$965.1K
$844.5K – $1.13M
NOI $67,557 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer a mix of one- and two-bedroom layouts with individual washer and dryer units.
Where is this quadplex located?
The property is located at 63 AKRON ROAD Ephrata, PA.
What is the asking price?
The asking price for this property is $712,000.
What are key features of this property?
This property features: 2,880‑square‑foot quadplex built in 1981; Four apartment units in a two‑story building; Unit mix includes two 2‑bedroom and two 1‑bedroom apartments
