Sold
Last Sold Price
9 beds3 baths2,984 sqft

127 Ridge Ave, Ephrata, PA 17522

Multi FamilyProperty Type
0.79 acresLot Size
1941Year Built
$87/sq ftPrice per sq ft
1 carParking Spaces

Description

This 4 unit building consists of 3 apartments in the main building, with a trailer owned by tenant, and only lot rent received by owner. Three apartments are in good shape with many updates including paint and plank flooring. All tenants pay there own electric and heat. There is a vacant trailer that owner has letter from former tenant that he may have it removed, and township has agreed to allow owner to place a new mobile if desired. The property currently caps 8% with potential increases of rents...This 4 unit building consists of 3 apartments in the main building, with a trailer owned by tenant, and only lot rent received by owner. Three apartments are in good shape with many updates including paint and plank flooring. All tenants pay there own electric and heat. There is a vacant trailer that owner has letter from former tenant that he may have it removed, and township has agreed to allow owner to place a new mobile if desired. The property currently caps 8% with potential increases of rents when lease terms renew to cap 9%, and if new mobile home is added it will cap 10%. The owner has received a price of $70,000 to purchase mobile and have installed.
  • Listed by: Kim Latshaw 717.341.5081 kim@focusrealtypa.com • Focus Realty LLC
Listing closed: 01/13/2021 12:00 AM • Source: BRIGHT, MLS#: PALA175180
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Recent comparable sales

Median sold price

$330,000

Avg days on market

23

Sale-to-list ratio

93.4%

Ephrata, PA

9 comparable properties found

1

$287,000

Sold 09/11/26

Unavailable
Bedrooms
3
Bathrooms
2,627
Square Feet
0.19
Acres
2

$335,000

Sold 12/09/24

Unavailable
Bedrooms
3
Bathrooms
1,950
Square Feet
0.14
Acres
3

$290,000

Sold 12/20/24

Unavailable
Bedrooms
2
Bathrooms
2,400
Square Feet
0.07
Acres
4

$308,000

Sold 03/23/26

Unavailable
Bedrooms
2.5
Bathrooms
1,502
Square Feet
0.21
Acres
front view of a house with a yard
1/24
5

$330,000

Sold 04/30/25

3
Bedrooms
2,366
Square Feet
0.71
Acres
6

$365,000

Sold 02/06/25

Unavailable
Bedrooms
3
Bathrooms
1,848
Square Feet
0.1
Acres
7

$365,000

Sold 02/06/25

Unavailable
Bedrooms
3
Bathrooms
1,841
Square Feet
0.1
Acres
$292,000 | 212 Cherry Street, Ephrata, PA 17522
1/22
8

$292,000

Sold 06/01/26

3
Bedrooms
2
Bathrooms
1,307
Square Feet
0.08
Acres
a front view of a house with garden and trees
1/25
9

$435,000

Sold 11/25/25

4
Bedrooms
2,856
Square Feet
0.39
Acres

Location

Listing Courtesy of Focus Realty LLC

Sold By Kingsway Realty

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Property Information for 127 Ridge Avenue

Property Details

  • Taxes: $4,696 / year
  • MLS Type: Multi-Family / Fee Simple
  • Tax ID Number: 270-79823-0-0000
  • Ownership: Fee Simple
  • HOA: No
  • Structure Type: Detached
  • Style: Traditional
  • Waterfront: No
  • Garage: Yes
  • Municipality: EPHRATA TWP
  • Total Parking Spaces: 1
  • Central Air: Yes
  • Basement: Yes
  • Room Count: 18
  • Above Grade Finished SQFT: 2,408.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: 576.00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: 576.00
  • Total Below Grade SQFT Source: Assessor
  • New Construction: No
  • Property Condition: Good

Building Information

  • Residences: 4
  • Year Built: 1941
  • Lot Size: 0.79 AC / 34,412 SF

Location

Location
  • School District Name: EPHRATA AREA
  • School District County ID: 300200397381
  • SchoolDistrictSource: Listing Agent
  • Middle Or Junior School: EPHRATA (LANCASTER PA)
  • MiddleSchoolSource: Listing Agent
  • High School: EPHRATA (LANCASTER PA)
  • HighSchoolSource: Listing Agent
  • County: LANCASTER
  • MLS Area: Ephrata Twp (10527)

Waterfront / Water Access

Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No

Association / Community Info

Association / Community Info
  • Association Recreation Fee Y/N: No

Taxes and Assessment

Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $219,100
  • Year Assessed: 2021
  • County Tax: $638
  • Improvement Assessed Value: $150,400
  • City Town Tax: $278
  • Land Assessed Value: $68,700
  • Clean Green Assessed: No
  • Land Use Code: 115
  • Zoning: RESIDENTIAL
  • School Tax: $3,779
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No

Lease Information

Lease Information
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection
  • Concessions: No

Unit Information

Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 1
  • Rent Control: No

Multi Family

Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Features: Living room and family room with wood burning fireplace.
  • Total Rooms: 8
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Totally remodeled with new plank flooring and new carpets in bedrooms.
  • Total Rooms: 5
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 4
  • Type: Unit 4
  • Unit Type Lease Type: Ground Lease
  • Beds Total: 2
  • Unit Type Features: This unit is lot rent only. Tenant owns the mobile home.
  • Total Rooms: 5

Financial Information

Expenses
  • Operating Expense: $9,104
  • Insurance Expense: $900
  • Trash Expense: $880
  • Water Avg Month: $219
  • Water Prev 12 Months: $2,628
Financial Information
  • Gross Income: $31,080
  • Net Operating Income: $21,976
  • Annual Rental Income: $31,080
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 8.00
  • Existing Lease Type: Yearly, Month to Month

Building Info

Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,984.00

Lot / Land Information

Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 4030065
  • Ground Rent Exists: No

Parking

Parking
  • Type Of Parking: Detached Garage
  • Num of Detached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Garage - Front Entry

Interior Features

Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Accessibility Features: None

Exterior Features

Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade

Utilities

Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 127 Ridge Avenue

DateEvent & SourcePriceAppreciation
Jan 13, 2021

Closed

BRIGHT #PALA175180

$260,000—
Dec 23, 2020

Pending

BRIGHT #PALA175180

—
Dec 16, 2020

Listed (Active)

BRIGHT #PALA175180

$275,000—
DateEvent & SourcePrice
01/13/2021

Closed

BRIGHT #PALA175180

$260,000
12/23/2020

Pending

BRIGHT #PALA175180

—
12/16/2020

Listed (Active)

BRIGHT #PALA175180

$275,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

127 Ridge Avenue

Baths

3.5

Total Finished SqFt

4,280 SqFt

Above Grade Finished SqFt

3,704 SqFt

Finished Basement SqFt

576 SqFt

Unfinished Basement SqFt

628 SqFt

Stories

2

Schools near 127 Ridge Avenue

This home is within Ephrata Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Fulton El School
PublicK to 4

Ephrata Middle School
Public7 to 8

Ephrata Senior High School
Public9 to 12

Ephrata Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 127 Ridge Avenue, Ephrata, PA 17522
$260,000
9
3
2,984
34,412
–
–
1
723
–
–
3
1,197
33,977
–
3
1
1,373
13,068
–
3
1
896
25,700
$119,900
3
1,752
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Focus Realty LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.