Two-Story
For Sale
$561,000
Pending
71 AKRON ROAD, Ephrata, PA 17522
Brick and vinyl apartment property with separate laundry equipment, insulated windows, and macadam parking areas.
Property Size2,340 SF
Days on Market51
Property Features for 71 AKRON ROAD
General Information
Standard status
Pending
Size
2,340 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
washer & dryer
Building Details
Year Built
1980
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 6:49AM
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.
Located at 71 Akron Road in Ephrata, this 2,340-square-foot triplex was built in 1980 and contains three apartment units within a two-story brick and vinyl building. Two apartments each include a kitchen, living room, two bedrooms, and one bathroom. The third offers a kitchen, living room, one bedroom, and one full bathroom. Electric baseboard heat and window AC units serve the apartments.
Each unit includes a washer and dryer. Insulated windows and a low-maintenance exterior support the property's practical design, while macadam parking areas provide on-site vehicle accommodation. The property is minutes from Ephrata conveniences with access to Routes 322 and 222.
Each unit includes a washer and dryer. Insulated windows and a low-maintenance exterior support the property's practical design, while macadam parking areas provide on-site vehicle accommodation. The property is minutes from Ephrata conveniences with access to Routes 322 and 222.
Key Highlights
- Three‑unit apartment building totaling 2,340 square feet
- Built in 1980 with a two‑story brick and vinyl exterior
- Two units with 2 bedrooms; one unit with 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,138
Cap Rate
4.66%
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 4.66%
Second Best
Apartment 5plus
$329.3K
$288.1K – $384.2K
NOI $23,050 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$784.1K
$686.1K – $914.8K
NOI $54,890 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brick and vinyl apartment property with separate laundry equipment, insulated windows, and macadam parking areas.
Where is this triplex located?
The property is located at 71 AKRON ROAD Ephrata, PA.
What is the asking price?
The asking price for this property is $561,000.
What are key features of this property?
This property features: Three‑unit apartment building totaling 2,340 square feet; Built in 1980 with a two‑story brick and vinyl exterior; Two units with 2 bedrooms; one unit with 1 bedroom
