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Sold for $585,000
  • $585,000

    796 Pequea Ave, Gap, PA 17527

    9beds
    4baths
    2,915sqft
    Quadruplex
    Built in 1890
    -- sqft lot
    $264,700 Zestimate®
    $201/sqft
    $1,386 Estimated rent

    Home value

    $264,700

    $251,000 - $278,000

    $1,386/mo

    Zestimate® history
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    $1,386/mo

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    $3,847/mo

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    $3,847/mo

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    What's special

    Large backyardVinyl sidingOff-street parkingCement sidewalksBlacktop drivewayInterior improvementsFront porch
    **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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chet Lapp 717-629-1928,

    William Penn Real Estate Assoc

    Bought with:

    Unrepresented

    Unrepresented

    Source: Bright MLS,MLS#: PALA2093728MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Baseboard, Oil
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,915
    • Total interior livable area: 2,915 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway
    • Uncovered spaces: 6
    Accessibility
    • Accessibility features: 2+ Access Exits
    Features
    • Pool features: None
    Lot
    • Size: 0.47 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 5604467200000
    • Zoning: R-1
    • Special conditions: Auction

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Quadruplex
    Materials
    • Frame, Vinyl Siding
    • Foundation: Block
    • Roof: Asphalt,Metal
    Condition
    • Good
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Well

    Community & HOA

    Location
    • Region: Gap
    • Municipality: SALISBURY TWP

    Financial & listing details

    • Price per square foot: $201/sqft
    • Tax assessed value: $279,100
    • Annual tax amount: $5,711
    • Date on market: 8/14/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 56000

    Price history

    DateEventPrice
    11/3/2026Sold$585,000-98.4%$201/sqft
    Source: Bright MLS #PALA2093728 Report a problem
    5/9/2017Sold$37,500,000$12,864/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2017$3,737 $169,600
    Find assessor info on the county website

    Neighborhood: 17527

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Pequea Valley

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $264,700

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $264,700