Federal Style Apartment
For Sale
$950,000
8486 W Main Street, Adamstown, PA 19501
Historic Federal style sandstone building on the National Register with five R-3 residential units and in-unit laundry for tenants.
Property Size6,752 SF
Price / SF$140.70
Days on Market68
Property Features for 8486 W Main Street
General Information
Standard status
Active
Size
6,752 SF
Property subtype
Multi-family
Zoning
R-3
Lease Term
[]
Additional Details
Multifamily Units
5
Amenities
washer/dryer
oven/range
refrigerator
Building Details
Year Built
1827
Buildings
1
Construction
Federal style sandstone
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(717) 203-1527
Listed By:
Wayne Eichfeld · License #AB050017L
Source:
Deepcreeklake
Added: May 26
Changed: Jul 30
Last Checked: Jul 31 at 4:28PM
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 historic Federal style sandstone building was built in 1827 and is listed on the National Register of Historic Places. The property is zoned R-3 and contains five residential units, with tenants paying the electric. Each unit includes w/d, o/r, and ref.
The building offers a measured unit mix with different heating and cooling setups by unit. Units 1, 2, 3, and 5 have heat pumps, while Unit 4 has electric baseboard heat and window A/C. The building has an estimated total size of 6,752 SF.
Zoning provides a path to add additional units: up to 12 more units may be possible with a Special Exception. Please note the system would only allow 4, and the total building units are 5 (not 4).
The building offers a measured unit mix with different heating and cooling setups by unit. Units 1, 2, 3, and 5 have heat pumps, while Unit 4 has electric baseboard heat and window A/C. The building has an estimated total size of 6,752 SF.
Zoning provides a path to add additional units: up to 12 more units may be possible with a Special Exception. Please note the system would only allow 4, and the total building units are 5 (not 4).
Key Highlights
- Built in 1827 and listed on the National Register of Historic Places
- Zoned R‑3 with five total building units
- Each unit includes w/d, o/r, and ref; tenants pay the electric
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Historic Federal style sandstone building on the National Register with five R-3 residential units and in-unit laundry for tenants.
Where is this apartment building located?
The property is located at 8486 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: Built in 1827 and listed on the National Register of Historic Places; Zoned R‑3 with five total building units; Each unit includes w/d, o/r, and ref; tenants pay the electric
