Peach Alley Court 155 S Poplar St 71 Unit Apartment Building For Sale Elizabethtown, PA 17022

Peach Alley Court, located at 155 S. Poplar Street. Peach Alley Court is a historic 71-unit apartment community located in the heart of Elizabethtown, Pennsylvania, a charming town in Lancaster County. Originally constructed as a shoe factory in 1905, the Property has been fully revitalized into luxury apartments, seamlessly blending industrial heritage with contemporary design. The Property’s proximity to downtown Elizabethtown, with dining, retail, entertainment, and everyday amenities, enhances its appeal and creates an attractive living environment for residents. Elizabethtown is a well-connected transit hub, offering access to Amtrak and major highways that link residents to Harrisburg, Lancaster, and beyond.
Peach Alley Court is a historically restored residential community offering (10) studio units averaging 550 square feet and (61) one-bedroom units averaging 730 square feet. Each apartment showcases 11-foot ceilings and oversized industrial windows that flood the space with natural light. Original wood columns and exposed brickwork showcase the building's rich past and detailed craftsmanship. Inside, open layouts seamlessly connect to sleek kitchens, featuring luxury finishes and in-unit laundry, creating an ideal blend of comfort and style. This unique loft-style community stands apart in Elizabethtown, attracting tenants who appreciate character, quality, and convenience. Residents also enjoy a landscaped central courtyard with a peaceful urban oasis perfect for relaxation and socializing.
Currently 100% occupied, Peach Alley Court posts average rents of $1,175 for studios and $1,215 for one-bedroom units. The stability of Elizabethtown’s multifamily market is driven by steady demand from local professionals, students, and healthcare employees. The apartment supply is extremely limited. Driven by strong demand, half of the rental inventory has been built in the past 10 years, effectively doubling the market size. This continued growth reflects the area's appeal and the expectation of sustained demand for housing.
Located in Lancaster County, the Property provides convenient access to major transportation routes, including Route 230 and 283, and Interstate 76, placing tenants within a 20-minute drive of key employment centers in Harrisburg, Lancaster, and Hershey. This strategic location ensures easy commuting to nearby employers, including Penn State Health, Milton S. Hershey Medical Center, Elizabethtown College, The Hershey Company, and the Pennsylvania State Government.
Peach Alley Court Apartments offers an exceptional opportunity to acquire a fully stabilized, historically distinctive multifamily asset in a supply-constrained submarket of Central Pennsylvania. Investors will benefit from the Property’s timeless architecture, strong tenant base, and consistent income stream, supported by steady growth and solid economic fundamentals in Lancaster County. Elizabethtown continues to grow as a sought-after destination for multifamily investment, providing long-term stability and asset appreciation.