**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.
Auction
Est. $275,000
796 Pequea Ave, Gap, PA 17527
9beds
4baths
2,915sqft
Quadruplex
Built in 1890
-- sqft lot
$268,200 Zestimate®
$94/sqft
$-- HOA
What's special
Large backyardVinyl sidingOff-street parkingCement sidewalksBlacktop drivewayInterior improvementsFront porch
- 36 days
- 1,025
- 57
Zillow last checked:
Listing updated:
Listed by:
Chet Lapp 717-629-1928,
William Penn Real Estate Assoc
Source: Bright MLS,MLS#: PALA2093728
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: $94/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
Estimated market value
$268,200
$255,000 - $282,000
$1,349/mo
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,578 +1.5% | $279,100 |
| 2025 | $5,497 +2.5% | $279,100 |
| 2024 | $5,361 +3.3% | $279,100 |
| 2023 | $5,189 +2.1% | $279,100 |
| 2022 | $5,081 | $279,100 |
| 2021 | $5,081 +525.4% | $279,100 |
| 2020 | $812 -83.5% | $279,100 |
| 2019 | $4,910 +504.3% | $279,100 |
| 2018 | $812 -78.3% | $279,100 +64.6% |
| 2016 | $3,737 +26.1% | $169,600 |
| 2015 | $2,964 | $169,600 |
| 2014 | $2,964 | $169,600 |
| 2012 | -- | $169,600 |
| 2011 | -- | $169,600 |
| 2010 | -- | $169,600 |
| 2009 | -- | $169,600 |
| 2007 | -- | $169,600 |
| 2006 | -- | $169,600 |
| 2005 | -- | $169,600 +22.3% |
| 2004 | -- | $138,700 |
| 2003 | -- | $138,700 |
| 2002 | -- | $138,700 |
| 2000 | -- | $138,700 |
Find assessor info on the county website
Climate risks
Neighborhood: 17527
Nearby schools
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.