Historic Sandstone Apartment
84-86 W MAIN Street Adamstown, PA 19501
84-86 W MAIN Street, Adamstown, PA, 19501
$950,000
For Sale
$950,000
MULTI_FAMILY - Federal - ADAMSTOWN, PA
Property Size6,752 SF
Lot Size3.70 Acres
Price / SF$140.70
Days on Market48
Property Features for 84-86 W MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 14
- Parking features
- Driveway, Garage - Detached, Off Street, Parking Lot, On Street
- Appliances
- Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
- Standard status
- Active
- Size
- 6,752 SF
- Lot size
- 3.70 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11038
Utilities
- Heating system
- Baseboard, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump, Window Unit(s)
Building Details
- Year built
- 1827
- Number of units
- 4
- Building materials
- Stone, Masonry
- Architectural style
- Federal
Listing Agency
Berkshire Hathaway HomeServices Homesale Realty
(717) 738-9986
5 Old Mill Road, Lancaster, PA
Listed by
Wayne Eichfeld · License #AB050017L
(717) 203-1527
Added: Jun 4 Updated: Jul 20 at 5:02 pm Checked: Jul 20 at 11:06 pm
MLS# PALA2089532
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.
Investment Insights
Based on property information with market context.
An expansive Federal-style sandstone apartment building built in 1827, originally constructed as a general store and residence. The property is listed on the National Register of Historic Places and contains five total apartment units. Each unit includes a washer/dryer, oven/range, and refrigerator. Tenants pay electricity. Units 1, 2, 3, and 5 use heat pumps for heating and cooling, while Unit 4 has electric baseboard heat and window A/C.
The building is located at 84-86 W MAIN Street in Adamstown, Pennsylvania, on approximately 3.7 acres. The property is zoned R-3, and the listing notes that it may be possible to add 12 additional units via a Special Exception.
The building is located at 84-86 W MAIN Street in Adamstown, Pennsylvania, on approximately 3.7 acres. The property is zoned R-3, and the listing notes that it may be possible to add 12 additional units via a Special Exception.
Key Highlights
- Federal‑style sandstone building built in 1827, constructed with stone and masonry
- On the National Register of Historic Places
- 5 total building units; each unit includes washer/dryer, oven/range, and refrigerator
Local Financial Insights For Apartment 5plus
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 | $121.5k | $18.00 |
| − Vacancy | −$608 | −$0.09 |
| EGI | $120.9k | $17.91 |
| − OpEx | −$54.4k | −$8.06 |
| NOI | $66.5k | $9.85 |
6,752 SF · lease $18.00/SF/yr · vacancy 0.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$950.2K
$831.4K – $1.11M
NOI $66,511 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,384 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Federal-style sandstone apartment building on NRHP with five units and in-unit W/D, range, and refrigerator.
Where is this apartment building located?
The property is located at 84-86 W MAIN Street Adamstown, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Federal‑style sandstone building built in 1827, constructed with stone and masonry; On the National Register of Historic Places; 5 total building units; each unit includes washer/dryer, oven/range, and refrigerator
