Historic Five-Unit Apartment
For Sale
$950,000
84 W Main St, Adamstown, PA 19501
Federal-style sandstone construction dates to 1827 and carries National Register historic designation.
Property Size6,752 SF
Price / SF$140.70
Days on Market60
Property Features for 84 W Main St
General Information
Standard status
Active
Size
6,752 SF
Property subtype
Residential Income
Zoning
R-3
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$11,038
Amenities
washer/dryer
oven/range
refrigerator
Building Details
Year Built
1827
Construction
Federal style sandstone
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 203-1527
Listed By:
Wayne Eichfeld · License #AB050017L
(717) 203-1527
Source:
Exprealty
Added: Jun 4
Changed: Aug 2
Last Checked: Aug 2 at 5:00AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property occupies a Federal-style sandstone building constructed in 1827. The property is listed on the National Register of Historic Places and provides 6,752 SF of building area. Each apartment includes a washer and dryer, oven/range, and refrigerator. Tenants pay their own electric service. Heating and cooling vary by unit: Units 1, 2, 3, and 5 have heat pumps, while Unit 4 has electric baseboard heat and window air conditioning.
The property is located at 84 W Main St in Adamstown, PA, and is zoned R-3. Subject to approval of a Special Exception, the site may support the addition of 12 units, offering a defined expansion possibility within the existing zoning framework.
The property is located at 84 W Main St in Adamstown, PA, and is zoned R-3. Subject to approval of a Special Exception, the site may support the addition of 12 units, offering a defined expansion possibility within the existing zoning framework.
Key Highlights
- Five total apartment units in a 6,752 SF building
- Federal‑style sandstone construction dating to 1827
- Listed on the National Register of Historic Places
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
Current Use
Lease Details
5
Residential units
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 construction dates to 1827 and carries National Register historic designation.
Where is this apartment building located?
The property is located at 84 W Main St 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: Five total apartment units in a 6,752 SF building; Federal‑style sandstone construction dating to 1827; Listed on the National Register of Historic Places
