For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Unit Residential Income Property Title is generated by Realmo AI

    815-817 S SPRUCE Street, Elizabethtown, PA 17022

    View on Map
    Claim this Listing
    New
    For Sale
    $400,000

    MULTI_FAMILY - Other - ELIZABETHTOWN, PA

    Property size:
    2,760 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 11, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 12 at 3:06 am

    Property Features for 815-817 S SPRUCE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement, Dining Room
    Parking
    6
    Parking features
    Off Street, On Street, Garage - Detached
    Interior features
    Attic, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Kitchen - Eat-In, Floor Plan - Traditional
    Standard status
    Active
    Size
    2,760 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7227

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark S Thudium
    Mark S Thudium

    Listing agent Mark S Thudium License #AB051040L

    Listing office Berkshire Hathaway HomeServices Homesale Realty 150 N Pointe Boulevard, Lancaster, PA

    Listing date Jun 11, 2026

    MLS# PALA2089872 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four individual 1‑bedroom units, each with kitchen, living room, and a full bath
    • Coin‑operated laundry on site
    • Off‑street parking plus on‑street parking; four off‑street spaces reported
    • Detached two‑car garage for additional parking/income potential
    • Electric baseboard heating
    • Frame construction with metal siding; built in 1900

    Overview

    This four-unit residential income property features two addresses on S Spruce Street and provides four separate 1-bedroom layouts. Each unit includes a kitchen, living room, and a full bath. The property also includes a yard area and coin-operated laundry for added convenience across the building. Off-street parking is available with four easily accessible spaces, and there is a two-car garage on-site.

    The building sits on a sidewalk-lined street in Elizabethtown, Pennsylvania, with off-street parking positioned for straightforward tenant arrival. The combination of a yard and parking supports day-to-day livability while keeping the property’s footprint relatively compact.

    For investors or owner-operators seeking a manageable, multi-unit residential setup, the configuration of four self-contained units can support leasing flexibility within a single property. The presence of coin-operated laundry and garage space provides additional practical utility for residents, while the dedicated off-street parking and yard help round out the tenant experience. This is a for-sale opportunity to acquire a four-unit income property in Elizabethtown, PA.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $44.7k $16.20
    − Vacancy −$671 −$0.24
    EGI $44.0k $15.96
    − OpEx −$13.2k −$4.79
    NOI $30.8k $11.17
    2,760 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $440.4K
    $385.4K – $513.8K (±1% cap)
    NOI $30,829 @ 7.0% cap · market cap 7.71%
    Second Best
    Apartment 5plus
    $388.4K
    $339.8K – $453.1K (±1% cap)
    NOI $27,187 @ 7.0% cap · market cap 6.80%
    Theoretical Best
    Office A
    $924.9K
    $809.3K – $1.08M (±1% cap)
    NOI $64,742 @ 7.0% cap · market cap 16.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.596138
    Latitude
    40.14468002

    FAQs

    What type of property is this?
    Quadplex - Four 1-bedroom units with off-street parking, yard space, coin-operated laundry, and a two-car garage.
    Where is this quadplex located?
    The property is located at 815-817 S SPRUCE Street Elizabethtown, PA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Four individual 1‑bedroom units, each with kitchen, living room, and a full bath; Coin‑operated laundry on site; Off‑street parking plus on‑street parking; four off‑street spaces reported
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message