Corner-Lot Triplex with
For Sale
$414,900
Pending
702 W Main Street, Palmyra, PA 17078
Fully occupied rental property with varied apartment layouts, detached garage, and off-street parking near Hershey.
Property Size2,472 SF
Days on Market51
Property Features for 702 W Main Street
General Information
Standard status
Pending
Size
2,472 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Jonathan Wyse · License #3234900
(717) 507-2443
Source:
Yorkhomes
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 3 at 3:27AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,472-square-foot triplex was built in 1900 and includes three separate apartments. The primary structure contains a two-bedroom, one-bath unit and a three-bedroom, one-bath unit. A third apartment is attached behind the main building and offers one-bedroom, one-bath accommodations with all living space on the first floor.
The property occupies a corner lot at 702 W Main Street in Palmyra, within the Palmyra Area School District. A detached two-car garage and three off-street parking spaces provide additional site improvements. The location offers access to nearby amenities and Hershey, Pennsylvania.
The property occupies a corner lot at 702 W Main Street in Palmyra, within the Palmyra Area School District. A detached two-car garage and three off-street parking spaces provide additional site improvements. The location offers access to nearby amenities and Hershey, Pennsylvania.
Key Highlights
- Three‑unit property with 2,472 SF of building area
- Unit mix includes 2‑bedroom, 1‑bath; 3‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath apartments
- Third apartment provides all‑first‑floor living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,089
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,780
$441.8K
Cap Rate 7%
$315,557
$315.6K
Cap Rate 9%
$245,433
$245.4K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$34.1K $13.80/SF
− Vacancy
−$2.6K −$1.04/SF
EGI
$31.6K $12.77/SF
− OpEx
−$9.5K −$3.83/SF
NOI
$22.1K $8.94/SF
Area
Lebanon County, PA
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,780
Cap Rate 7%
$315,557
Cap Rate 9%
$245,433
Alternative Uses
Best Use
Multifamily LT 5
$315.6K
$276.1K – $368.2K
NOI $22,089 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$293.3K
$256.6K – $342.1K
NOI $20,528 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$580.2K
$507.7K – $676.9K
NOI $40,616 @ 7.0% cap · market cap 9.79%
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
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 17078, PA
23,496
Population
9,602
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
30.1 sq mi
ZIP Area
781
Density / Sq Mi
$84,533
Median Household Income
$47,141
Median Earnings
$1,252
Median Rent
$278,300
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
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied rental property with varied apartment layouts, detached garage, and off-street parking near Hershey.
Where is this triplex located?
The property is located at 702 W Main Street Palmyra, PA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Three‑unit property with 2,472 SF of building area; Unit mix includes 2‑bedroom, 1‑bath; 3‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath apartments; Third apartment provides all‑first‑floor living
