Brick Triplex Apartment
New
For Sale
$405,000
71-75 AKRON RD, Ephrata, PA 17522
The three apartments offer two distinct bedroom configurations and include a washer and dryer in each unit.
Property Size2,340 SF
Price / SF$173.08
Days on Market4
Property Features for 71-75 AKRON RD
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
washer & dryer
window AC units
parking lot
Building Details
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:
Palmerharned
Added: Oct 7
Last Checked: Oct 9 at 8:32PM
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.
This two-story, 2,340-square-foot apartment building contains three units. Two apartments each have a kitchen, living room, two bedrooms, and one-and-a-half baths; the third has a kitchen, living room, one bedroom, and a full bath. Electric baseboard heat, window air-conditioning units, insulated windows, and macadam parking serve the property. Each apartment includes a washer and dryer.
The building is at 71-75 Akron Road in Ephrata, with access to Routes 322 and 222 and nearby Ephrata conveniences.
The building is at 71-75 Akron Road in Ephrata, with access to Routes 322 and 222 and nearby Ephrata conveniences.
Key Highlights
- Three apartments in a two‑story, 2,340‑square‑foot building
- Two units have 2 bedrooms and 1½ baths; the third has 1 bedroom and 1 full bath
- Washer and dryer included in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,138
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,760
$522.8K
Cap Rate 7%
$373,400
$373.4K
Cap Rate 9%
$290,422
$290.4K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$37.9K $16.20/SF
− Vacancy
−$569 −$0.24/SF
EGI
$37.3K $15.96/SF
− OpEx
−$11.2K −$4.79/SF
NOI
$26.1K $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%
$522,760
Cap Rate 7%
$373,400
Cap Rate 9%
$290,422
Alternative Uses
Best Use
Multifamily LT 5
$373.4K
$326.7K – $435.6K
NOI $26,138 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$329.3K
$288.1K – $384.2K
NOI $23,050 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$784.1K
$686.1K – $914.8K
NOI $54,890 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The three apartments offer two distinct bedroom configurations and include a washer and dryer in each unit.
Where is this triplex located?
The property is located at 71-75 AKRON RD Ephrata, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Three apartments in a two‑story, 2,340‑square‑foot building; Two units have 2 bedrooms and 1½ baths; the third has 1 bedroom and 1 full bath; Washer and dryer included in each apartment
