$515,000
SOLD JUL 8, 2025
-- Bed
-- Bath
2,786 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$185 Per Sq Ft

17% Below List Price

44 Days on Market

Highlights

  • Traditional Floor Plan
  • Wood Flooring
  • Brick Porch or Patio
  • Traditional Architecture
  • Balcony
  • Eat-In Kitchen

About This Home

As of July 2025

Prime Investment Opportunity – Fully Rented Triplex Near Lancaster General Hospital & Franklin & Marshall College. Located just one block from Lancaster General Hospital and within walking distance to Franklin & Marshall College, this well-maintained 3-unit property offers a fantastic investment opportunity in a highly sought-after area. Currently fully rented, the property generates a steady gross rent of $51,300 annually, with tenants responsible for some of the utilities.
Property Features: Unit 1 has1 Bedroom, 1 Full Bathroom, with in-unit laundry ($1,225 rent); Unit 2 has 2 Bedrooms, 1 Full Bathroom and shares laundry in basement. ($1,495 rent); Unit 3 has 1 Bedroom, 1 Full Bathroom and shares laundry in basement ($1,145 rent).
The home is in great condition with hardwood floors throughout, providing a charming and low maintenance living environment. Enjoy the outdoor space with a welcoming front porch and a cozy backyard, perfect for relaxation. This property presents a unique opportunity to own a turnkey rental in a prime location, appealing to medical professionals, college students, and renters alike.

Last Agent to Sell the Property

James Dunn

(717) 333-5987 jdunn2323@aol.com Iron Valley Real Estate of Lancaster License #RS279560 Listed on: 04/06/2025

Iron Valley Real Estate of Lancaster

Last Buyer's Agent

Courtney Longenecker

(717) 405-9554 courtney.longenecker@cbhomes.com Keller Williams Elite License #RS347971

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,240

Year Built

  • Built in 1883

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Rubber Roof
  • Masonry

Interior Spaces

  • Bathtub with Shower
  • Traditional Floor Plan
  • Brick Wall or Ceiling
  • Ceiling Fan
  • Window Treatments
  • Dining Area
  • Fire Escape

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Brick Porch or Patio

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection, water, real estate taxes, gas, insurance, repairs, sewer maintenance
  • Assessor Parcel Number 336-58924-0-0000

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,240

Year Built

Built in 1883

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 4/6/2025 12:00:00 AM
  • Year Built: 1883
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Bathroom - Tub Shower, Ceiling Fan(s), Window Treatments, Wood Floors, Dining Area, Floor Plan - Traditional, Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls, Brick
  • Foundation Details: Stone
  • Total Sq Ft: 3708
  • Living Area Sq Ft: 2786
  • Price Per Sq Ft: 208.15
  • Above Grade Finished Sq Ft: 2786
  • Below Grade Sq Ft: 922
  • Total Below Grade Sq Ft: 922
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Exterior Features: Fire Escape, Sidewalks
  • Roof: Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Balcony, Brick, Patio(s), Porch(es)
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Electricity, Sewer, Trash Collection, Water, Taxes - Real Estate, Gas, Insurance, Repairs, Sewer Maintenance
  • Rent Control: No
  • Total Actual Rent: 51300.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3787.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6240.00
  • Assessor Parcel Number: 336-58924-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2025
Closed on
Jul 2, 2025
Sold by
Vazquez Anthony
Bought by
10 E James Llc
Seller's Agent
James Dunn
Iron Valley Real Estate of Lancaster
Buyer's Agent
Courtney Longenecker
Keller Williams Elite
List Price
$619,900
Sold Price
$515,000
Premium/Discount to List
-$104,900
-16.92%
Views
61
Current Estimated Value
$502,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,828
Avg. Annual Appreciation
-5.12%
Original Mortgage
$412,000
Outstanding Balance
$411,308
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$90,864

Purchase Details

Closed on
May 11, 2021
Sold by
10E James St Holding Llc
Bought by
Vazquez Anthony

Purchase Details

Closed on
Jan 17, 2020
Sold by
Vazquez Anthony
Bought by
10E James St Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,800
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2018
Sold by
10E James St Holding Llc
Bought by
Vazquez Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2018
Closed on
May 22, 2018
Sold by
Monte Summar F
Bought by
10E James St Holding Llc
Seller's Agent
Summer Monte
TrueVision, REALTORS
Buyer's Agent
James Dunn
Iron Valley Real Estate of Lancaster
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2010
Sold by
Karr Gretchen T
Bought by
Monte Summar F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 2006
Sold by
Photis Gus P and Photis Dore Valavanes
Bought by
Karr Gretchen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $515,000 Capstone Land Transfer
Interfamily Deed Transfer -- All Ahead Title Agency
Deed -- Quality Ttl & Abstract Agcy
Deed -- Action Title Research
Deed $225,000 Edge Abstract
Deed $175,000 None Available
Deed $153,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,000 New Conventional
Previous Owner $200,800 New Conventional
Previous Owner $168,750 New Conventional
Previous Owner $180,000 Commercial
Previous Owner $171,830 FHA
Previous Owner $122,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2025 07/08/25 Sold $515,000 -11.2% $185 / Sq Ft
05/21/2025 05/21/25 Pending -- -- --
05/08/2025 05/08/25 Price Changed $579,900 -6.5% $208 / Sq Ft
04/06/2025 04/06/25 For Sale $619,900 +175.5% $223 / Sq Ft
05/18/2018 05/18/18 Sold $225,000 -1.7% $81 / Sq Ft View Prior Sale
04/17/2018 04/17/18 Pending -- -- --
04/11/2018 04/11/18 For Sale $229,000 -- $82 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $6,240 $157,700 $25,900 $131,800
2024 $6,240 $157,700 $25,900 $131,800
2023 $6,135 $157,700 $25,900 $131,800
2022 $5,880 $157,700 $25,900 $131,800
2021 $5,754 $157,700 $25,900 $131,800
2020 $5,754 $157,700 $25,900 $131,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2066684

Bright MLS

APN: 336-58924-0-0000