$275,000
OPEN HOUSE 9/03

796 Pequea Ave Gap, PA 17527

Salisbury Area

Estimated payment $1,987/month

Total Views 389
Studio
-- Bath
2,915 Sq Ft
$94 Price per Sq Ft

Highlights

  • Hot Property
  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Colonial Architecture
  • More Than Two Accessible Exits
  • Hot Water Baseboard Heater

About This Home

**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.

Listing Agent

Chester Lapp

(717) 299-7070 esteele@williampennassociates.com William Penn Real Estate Assoc Brokerage Phone: 7172997070 License #RS320255 Listed on: 08/14/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,711

Year Built

  • Built in 1890

Lot Details

  • 20,473 Sq Ft Lot
  • Property is in good condition

Home Design

  • 2,915 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Vinyl Siding

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 560-44672-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,711

Year Built

Built in 1890

Lot Details

0.47 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Special Features: Auction

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 2915
  • Living Area Sq Ft: 2915
  • Price Per Sq Ft: 94.34
  • Above Grade Finished Sq Ft: 2915
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Roof: Asphalt, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20473.00
  • Property Condition: Good
  • Zoning: R-1

Rental Info

  • Existing Lease Type: Gross
  • Lease Considered: No
  • Owner Pays: Water, Sewer, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 56000.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4818.00
  • Tax Annual Amount: 5711.00
  • Assessor Parcel Number: 560-44672-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2026

Multi Family

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1

MLS Schools

  • School District Name: PEQUEA VALLEY

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $5,497 $279,100 $72,200 $206,900
2025 $5,361 $279,100 $72,200 $206,900
2024 $5,361 $279,100 $72,200 $206,900
2023 $5,189 $279,100 $72,200 $206,900
2022 $5,081 $279,100 $72,200 $206,900
2021 $4,977 $279,100 $72,200 $206,900
2020 $4,977 $279,100 $72,200 $206,900
2019 $4,910 $279,100 $72,200 $206,900
2018 $8,195 $279,100 $72,200 $206,900
2016 $3,737 $169,600 $34,500 $135,100
2015 $664 $169,600 $34,500 $135,100
2014 $2,964 $169,600 $34,500 $135,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2026 08/14/26 For Sale $275,000 -- $94 / Sq Ft
Source: Bright MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $37,500,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Closed $160,242 New Conventional
Closed $275,000 Purchase Money Mortgage
Source: Public Records

Source: Bright MLS

MLS Number: PALA2093728

Bright MLS

APN: 560-44672-0-0000

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