Building Details

Year Built 1900

Listing Agency: Iron Valley Real Estate of Lancaster c***@ironvalleyrealestateoflancaster.com Show Phone

Listed By: Ronald A Shepherd, II Show Phone

Source: Cummingsrealtors

Added: Oct 30 Changed: Nov 1 Last Checked: Nov 1 at 3:27PM

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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 Iron Valley Real Estate of Lancaster

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Investment Insights

Based on property information with market context.

This duplex contains two units, each with 3 bedrooms, 1 bathroom, a living room, a dining room, and a large kitchen. The property totals 2,306 square feet and was built in 1900. Both units are occupied, and tenants pay their own utilities.

Key Highlights

• Two units, each with 3 bedrooms and 1 bathroom
• 2,306 square feet; built in 1900
• Both units occupied; tenants pay all utilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,758

Cap Rate

7.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$515,160 $515.2K

Cap Rate 7%

$367,971 $368.0K

Cap Rate 9%

$286,200 $286.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,306 SF

Gross rent

$37.4K $16.20/SF

− Vacancy

−$560 −$0.24/SF

EGI

$36.8K $15.96/SF

− OpEx

−$11.0K −$4.79/SF

NOI

$25.8K $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%

$515,160

Cap Rate 7%

$367,971

Cap Rate 9%

$286,200

Alternative Uses

Best Use

Multifamily LT 5

$368.0K

$322.0K – $429.3K (±1% cap)

NOI $25,758 @ 7.0% cap · market cap 7.69%

Second Best

Apartment 5plus

$324.5K

$283.9K – $378.6K (±1% cap)

NOI $22,715 @ 7.0% cap · market cap 6.78%

Theoretical Best

Office A

$772.8K

$676.2K – $901.6K (±1% cap)

NOI $54,093 @ 7.0% cap · market cap 16.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

125

Businesses Nearby

Explore this area Business Placement

Demographics for 17509, PA

5,066

Population

1,505

Households

3.4

Avg Household Size

31

Median Age

15%

College-Educated

67%

High-School Grad

26.1 sq mi

ZIP Area

194

Density / Sq Mi

$77,188

Median Household Income

$42,468

Median Earnings

$1,074

Median Rent

$293,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Both residences include living, dining, and kitchen areas, with tenants responsible for utilities.

Where is this duplex located?

The property is located at 8-10 N BRIDGE STREET Christiana, PA.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,306 square feet; built in 1900; Both units occupied; tenants pay all utilities