Historic Sandstone Apartment
For Sale
$950,000
84-86 W MAIN Street, Adamstown, PA 19501
MULTI_FAMILY - Federal - ADAMSTOWN, PA
Property Size6,752 SF
Lot Size3.70 Acres
Price / SF$140.70
Days on Market60
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
Elementary school district
COCALICO
Middle school district
COCALICO
High school district
COCALICO
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
Listed By:
Wayne Eichfeld · License #AB050017L
(717) 203-1527
Added: Jun 4
Changed: Jul 20
Last Checked: Aug 2 at 11:06AM
MLS# PALA2089532
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 19501, PA
906
Population
377
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
94%
High-School Grad
1.0 sq mi
ZIP Area
906
Density / Sq Mi
$80,000
Median Household Income
$45,300
Median Earnings
$1,023
Median Rent
$226,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
