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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by Chet Lapp • William Penn Real Estate Assoc

$275,000

Est. payment - /mo

2,915 SqFt

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Open House

Thu Sep 03, 4:00pm - 6:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,915 sqft

Price per Sqft $94

MLS Listing ID PALA2093728

Style Colonial

Abv Grd Liv Area 2,915

Year Built 1890

Annual Tax Amount $5,711

Tax Year 2026

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Detached

Source BRIGHT

Property Description

**This property will be offered at Public Auction on September 23, 2026 @ 6:00 PM. The listing price is the suggested opening bid only and in no way reflects the final sales price. $35,000 initial investment is due on auction date. 2% transfer tax to be paid by the purchaser. Settlement on or before November 20, 2026.**Public Remarks**

Discover an exceptional fully occupied 4-unit investment property at 796 Pequea Ave in Gap, PA, offering strong cash flow and excellent condition on a convenient 0.47-acre lot. This easy-to-manage multi-family features two well-maintained buildings: Units A & B comprise a spacious home recently updated with a new roof, vinyl siding, windows, front porch, and interior improvements, while Units C & D include a second 2-unit residence with a newly installed HVAC system. Generating approximately $56,400 in annual gross income ($4,700 monthly) with separate meters and tenants responsible for all utilities, the property benefits from low owner expenses (roughly $320/month for water, sewer, and trash), public sewer, off-street parking, a blacktop driveway, cement sidewalks, and a large backyard—delivering the reliable returns and low-maintenance appeal today's smart investors seek.

Location

State PA

County Lancaster

Area Salisbury Twp (10556)

Zoning R-1

Interior

Hot Water Electric

Heating Baseboard - Electric, Baseboard - Hot Water

Cooling Window Unit(s)

Heat Source Oil

Exterior

Garage Spaces 6.0

Water Access N

Roof Type Asphalt,Metal

Accessibility 2+ Access Exits

Total Parking Spaces 6

Garage N

Private Pool No

Building

Foundation Block

Above Ground Finished SqFt 2915

Sewer Public Sewer

Water Well

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Pequea Valley

Others

Tax ID 560-44672-0-0000

Ownership Fee Simple

SqFt Source 2915

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Auction

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA 22102

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796 PEQUEA AVE Gap, PA 17527