Renovated Two-Unit
For Sale
$534,900
78 PARKVIEW DRIVE, Elizabethtown, PA 17022
Flexible duplex with separate lower-level living, outdoor areas, and a three-car garage.
Property Size3,104 SF
Price / SF$172.33
Days on Market47
Property Features for 78 PARKVIEW DRIVE
General Information
Standard status
Active
Size
3,104 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
front porch
rear deck
patio
Building Details
Year Built
1977
Year Renovated
2022
Buildings
1
Listing Agency:
Coldwell Banker Realty
(717) 735-8400
Listed By:
James Englert Jr · License #RS286375
(717) 278-2716
Source:
Cummingsrealtors
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 4:02PM
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
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Investment Insights
Based on property information with market context.
Renovated in 2022, this two-unit property provides 3,104 square feet of adaptable residential space. The main level offers one-story living with 4 bedrooms and 2 full baths. A daylight lower level functions as a separate apartment or in-law suite, with its own full kitchen, laundry area, 1 bedroom, and 1 full bath.
Outdoor features include a front porch, rear deck, and patio, while the three-car garage adds substantial covered parking and storage. The property was originally built in 1977 and sits on a cul-de-sac, offering a residential setting for its dual-living configuration.
Outdoor features include a front porch, rear deck, and patio, while the three-car garage adds substantial covered parking and storage. The property was originally built in 1977 and sits on a cul-de-sac, offering a residential setting for its dual-living configuration.
Key Highlights
- Two‑unit property with 3,104 square feet
- Renovated down to the studs in 2022
- Main level includes 4 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,671
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,420
$693.4K
Cap Rate 7%
$495,300
$495.3K
Cap Rate 9%
$385,233
$385.2K
Market Conditions
NOI Build-Up for 3,104 SF
Gross rent
$50.3K $16.20/SF
− Vacancy
−$754 −$0.24/SF
EGI
$49.5K $15.96/SF
− OpEx
−$14.9K −$4.79/SF
NOI
$34.7K $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%
$693,420
Cap Rate 7%
$495,300
Cap Rate 9%
$385,233
Alternative Uses
Best Use
Multifamily LT 5
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$436.8K
$382.2K – $509.6K
NOI $30,576 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,812 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
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Business Placement
Demographics for 17022, PA
31,163
Population
12,950
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
55.0 sq mi
ZIP Area
567
Density / Sq Mi
$79,075
Median Household Income
$42,844
Median Earnings
$1,381
Median Rent
$272,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible duplex with separate lower-level living, outdoor areas, and a three-car garage.
Where is this duplex located?
The property is located at 78 PARKVIEW DRIVE Elizabethtown, PA.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two‑unit property with 3,104 square feet; Renovated down to the studs in 2022; Main level includes 4 bedrooms and 2 full baths
