$895,000

12 S Queen St Lancaster, PA 17603

Downtown Lancaster Neighborhood

Estimated payment $5,858/month

Total Views 15,524
-- Bed
-- Bath
1,528 Sq Ft
$586 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Downtown Location
  • 1-minute walk to Steinman Park
  • Wood Flooring
  • Hot Water Heating System

About This Home

Discover a unique investment opportunity in the heart of Lancaster. This well-maintained 4-unit property features two spacious 2-bedroom apartments and two commercial spaces, all occupied by long-term tenants. Apt 1 rents for $1,200 Apt #2 rents for $1,200. Tenants own ALL appliances. Apartments have hot water heat with window a/c units. First National Bank has an ATM and rents for $1,916. Jackson Hewett Tax Service rents for $1,725. The commercial units have mini splits with a/c. This property offers consistent rental income with reliable, long-term tenants. The apartments and commercial spaces are well-maintained, making it an ideal addition to any investment portfolio. Don't miss out on this fantastic opportunity to own a versatile property in a prime location with high visibility located across from the Lancaster County Convention Center. Contact us today to schedule a viewing and explore the potential of this exceptional investment!

Listing Agent

Randal Kline

Kingsway Realty - Ephrata License #RM041524B Listed on: 02/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,077

Year Built

  • Built in 1915

Lot Details

  • 2,178 Sq Ft Lot
  • Downtown Location

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 1,528 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire Escape

Flooring

  • Wood
  • Laminate

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 334-86479-0-0000

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals, professional offices
  • Insurance Expense $2,700
  • Trash Expense $624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,077

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Discover a unique investment opportunity in the heart of Lancaster. This well-maintained 4-unit property features two spacious 2-bedroom apartments and two commercial spaces, all occupied by long-term tenants. Apt 1 rents for $1,200 Apt #2 rents for $1,200. Tenants own ALL appliances. Apartments have hot water heat with window a/c units. First National Bank has an ATM and rents for $1,916. Jackson Hewett Tax Service rents for $1,725. The commercial units have mini splits with a/c. This property offers consistent rental income with reliable, long-term tenants. The apartments and commercial spaces are well-maintained, making it an ideal addition to any investment portfolio. Don't miss out on this fantastic opportunity to own a versatile property in a prime location with high visibility located across from the Lancaster County Convention Center. Contact us today to schedule a viewing and explore the potential of this exceptional investment!
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Laminate Plank
  • Fireplace: No
  • Foundation Details: Permanent, Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1528
  • Living Area Sq Ft: 1528
  • Price Per Sq Ft: 585.73
  • Above Grade Finished Sq Ft: 1528
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12 - 14

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • Roof: Rubber
  • 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), Ductless/Mini-Split
  • Monthly Average Electric: 32
  • Previous Twelve Months Electric Expense: 388.00
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 98
  • Water Previous Twelve Months: 1180.00
  • Water Source: Public

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 579
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2025
  • Zoning: CENTRAL BUSINESS

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Taxes - Real Estate, Insurance
  • Total Actual Rent: 72492.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 7938.00
  • Tax Annual Amount: 13077.00
  • Assessor Parcel Number: 334-86479-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025

Multi Family

  • Gross Income: 72492.00
  • Income Includes: Apartment Rentals, Professional Offices

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Price Changed $895,000 -10.4% $586 / Sq Ft
02/25/2025 02/25/25 For Sale $999,000 -- $654 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PALA2064750

Bright MLS
Pennsylvania Lancaster County Lancaster 17602 Downtown Lancaster

12 S Queen St, Lancaster, PA

This home is located at 12 S Queen St, Lancaster, PA 17603 and is currently priced at $895,000, approximately $585 per square foot. This property was built in 1915. 12 S Queen St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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Randal Kline
Listing Agent
Randal Kline
Section Image
Kingsway Realty - Ephrata
(223) 218-2632