Two-Unit Residential Income
LANCASTER Annville, PA 17003
New
LANCASTER, Annville, PA, 17003
$249,950
For Sale
$249,950
MULTI_FAMILY - Other - ANNVILLE, PA
Property Size1,204 SF
Price / SF$207.60
Days on Market2
Property Features for LANCASTER
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking
- 4
- Parking features
- Garage, On Street
- Standard status
- Active
- Size
- 1,204 SF
Taxes and HOA fees
- Tax Annual Amount
- 2565
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1908
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agency
Iron Valley Real Estate
(717) 769-2986
Listed by
Margie Groy
(717) 821-6625
Added: Jul 21 Checked: Jul 22 at 8:06AM
MLS# PALN2027572
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.
This two-unit residential income property features a lower-level 1-bedroom unit and an upper-level 2-bedroom unit. The 2nd floor unit has been remodeled with new carpet, paint, a kitchen update, and a refreshed bath. The property also includes a detached garage/workshop. Both units are currently tenant occupied, and the 2nd floor tenant is expected to move to the 1st floor under a lease in place.
The property is described as being in downtown Annville and only a few blocks from Lebanon Valley College.
The home is being sold as-is, and notice is required for showings.
The property is described as being in downtown Annville and only a few blocks from Lebanon Valley College.
The home is being sold as-is, and notice is required for showings.
Key Highlights
- Single 2‑unit property in downtown Annville near Lebanon Valley College and downtown Annville
- Remodeled 2nd‑floor unit with new carpet, paint, kitchen, and bath
- Unit layout: lower level 1‑bedroom; upper level 2‑bedroom
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 | $16.6k | $13.80 |
| − Vacancy | −$1.2k | −$1.04 |
| EGI | $15.4k | $12.77 |
| − OpEx | −$4.6k | −$3.83 |
| NOI | $10.8k | $8.94 |
1,204 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$153.7K
$134.5K – $179.3K
NOI $10,758 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$142.8K
$125.0K – $166.6K
NOI $9,998 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$282.6K
$247.3K – $329.7K
NOI $19,782 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit building with a remodeled upper unit, tenant-occupied, and a detached garage/workshop.
Where is this duplex located?
The property is located at LANCASTER Annville, PA.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: Single 2‑unit property in downtown Annville near Lebanon Valley College and downtown Annville; Remodeled 2nd‑floor unit with new carpet, paint, kitchen, and bath; Unit layout: lower level 1‑bedroom; upper level 2‑bedroom
