37-39 E Willow St, Elizabethtown, PA, 17022
About This Home
Excellent opportunity to own a well-maintained 4-unit investment property located in the highly desirable Central Business District. This income-producing property currently generates $45,000 in annual income and offers additional upside potential through future rent increases. The property consists of two 1-bedroom units and two 2-bedroom units with separate utilities, making management more efficient and attractive to investors. Numerous recent improvements include a new roof, new windows, and new sewer lines to the street, helping reduce future maintenance concerns. The front porch is also scheduled to be professionally painted in June. Additional features include off-street parking with newly installed blacktop and a prime location convenient to downtown amenities, shopping, dining, and transportation. Whether you are looking to expand your portfolio or purchase your first multi-unit investment property, this property offers strong long-term potential in a desirable rental market. Additional details, including a profit and loss statement and further property information, will be provided prior to the listing becoming active.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1900
Materials
- Roof: Composition,Shingle,Metal
- Construction materials: Aluminum Siding,Shingle Siding
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Washer/Dryer Hookups Only
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: Window Unit(s),Electric
Interior Area
- Total structure area: 3,084
- Total interior livable area: 3,084 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2509116500000
- Zoning: CENTRAL BUISNESS DISTRICT
- Zoning description: In Elizabethtown, the C-CBD (Central Business District) zoning district is intended to serve as the Borough’s downtown commerc
- Special condition: Standard
- Exclusions: Appliance Ownership Summary • All Stoves,Refrigerators,And Dishwashers Are Owned By The Property Owner. Washer & Dryer Details By Unit: • 37 E Willow St – Unit 201 Washer And Dryer Are Located In The Common Area And Are Owned By The Property Owner. • 39 E Willow St – Unit 201 Washer And Dryer Were Provided In “as-is” Condition At Move-in. Tenant Has Since Replaced The Dryer. • 37 E Willow St – Unit 101 Original Lease Does Not Mention Washer And Dryer Ownership. Current Residents Have Occupied The Unit For An Extended Period Of Time. • 39 E Willow St – Unit 101 Washer And Dryer Are Stated In The Lease As Owner-owned Appliances.
Features
- Pool features: None
- Frontage length: Road Frontage: 67
Lot
- Lot size: 4,356 sqft
Parking
- Parking features: Off Street,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,624 | $31,488 |
| Home Insurance * | $129 | $1,548 |
| Property Taxes | $519 | $6,228 |
| Electricity | $338 | $4,060 |
| Total | $3,610 | $43,320 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Price change | $519,000 |
| 2026-06-24 | Price change | $550,000 |
| 2026-06-11 | Listed for sale | $575,000 |
| 2011-11-14 | Sold | $371,888 |
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