154-158 Main St W, Leola, PA 17540
- $490,000
- 3,300
- SqFt
- Sold Price
- $490,000
- List Price
- $495,000
- Closing Date
- Jul 31, 2026
- Days on Market
- 29
- Status
- CLOSED
- MLS#
- PALA2087744
- Living Area
- 3,300
- Lot Size (Acres)
- 0.42
- Style
- Other
- Year Built
- 1920
- County
- Lancaster
- School District
- Conestoga Valley
Property Description
Rare 4-unit multifamily investment property in Leola, Lancaster County. The property is fully leased and consists of four 2-bedroom, 1-bath units, with two units located on the first floor and two units located on the second floor. Long-term tenant occupancy provides stable in-place income, with upside potential through rent increases and utility reimbursement implementation. Current gross annual income is approximately $44,160 with a current NOI of approximately $30,141. Pro forma gross annual income with modest rent increases is projected at approximately $46,200, with projected NOI increasing to approximately $39,346 annually following implementation of utility reimbursement fees and expense optimization. Located in a quiet residential setting within the Conestoga Valley School District in Upper Leacock Township, with convenient access to Lancaster and surrounding employment and retail corridors.
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Additional Information
- Area
- Upper Leacock Twp (10536)
- School District
- Conestoga Valley
- Heating
- Radiator(s)
- Cooling
- Window/Wall
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Bennett Williams Realty, Inc.. Contact:
Selling Office: Coldwell Banker Realty.
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