205 E King St Lancaster, PA 17602
Musser Park NeighborhoodEstimated payment $6,337/month
Studio
--
Bath
3,049
Sq Ft
$359
Price per Sq Ft
Highlights
- City View
- Wood Flooring
- Ductless Heating Or Cooling System
- Deck
- 2 Car Attached Garage
- Patio
About This Home
Welcome to a rare opportunity in the heart of Downtown Lancaster, nestled in the vibrant Musser Park, where charm, convenience, and potential come together in one exceptional property. This five-unit building offers a first-floor commercial space with unmatched walkability, easy access to local restaurants, coffee shops, bakeries, shopping, and entertainment. Just steps away from Central Market, the Fulton Theatre, the Ware Center, and the courthouse, the location is ideal for both residential and commercial use. Whether you're an investor seeking strong rental income or an owner-occupant looking to offset expenses, this mixed-use property delivers exceptional versatility. The property includes four residential units along with a dedicated commercial space. The carriage house features a garage on the lower level and an upper-level living space complete with a kitchen, bathroom, dramatic two-story living room, and lofted sleeping area, creating a unique and inviting atmosphere. A private deck and large backyard offer great outdoor living. Across the patio from the carriage house a second-floor unit includes one bedroom, one bath, and a deck, along with a shared patio. The rear unit also offers one bedroom and one bath, showcasing a blend of preserved original character and modern updates. At the front of the building, the first-floor commercial space is a blank canvas ready to be customized for a variety of uses, benefiting from strong foot traffic in this vibrant downtown setting. The fourth residential unit is similar to a single-family home, featuring a mudroom-style entry, a second floor living area with kitchen and living room, and a third floor with two bedrooms and a full bath. With four residential units plus commercial space, multiple income opportunities, and a prime location, this property is a standout investment. Schedule your private tour today.
Listing Agent
(717) 291-9101 support@yourhomefinders.com Lusk & Associates Sotheby's International Realty Brokerage Phone: 7172919101 License #RS210178L Listed on: 05/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,959
Year Built
- Built in 1870
Lot Details
- 3,049 Sq Ft Lot
Parking
- 2 Car Attached Garage
- Side Facing Garage
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 3,049 Sq Ft Home
- City Views
Flooring
- Wood
- Laminate
- Ceramic Tile
- Luxury Vinyl Plank Tile
Outdoor Features
- Deck
- Patio
Schools
- Mccaskey Campus High School
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- 4 Units
- Musser Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 332-17207-0-0000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,959 | $150,600 | $40,300 | $110,300 |
| 2024 | $5,959 | $150,600 | $40,300 | $110,300 |
| 2023 | $5,859 | $150,600 | $40,300 | $110,300 |
| 2022 | $5,615 | $150,600 | $40,300 | $110,300 |
| 2021 | $5,495 | $150,600 | $40,300 | $110,300 |
| 2020 | $5,495 | $150,600 | $40,300 | $110,300 |
| 2019 | $5,412 | $150,600 | $40,300 | $110,300 |
| 2018 | $3,212 | $150,600 | $40,300 | $110,300 |
| 2017 | $3,693 | $80,400 | $23,500 | $56,900 |
| 2016 | $3,659 | $80,400 | $23,500 | $56,900 |
| 2015 | $1,428 | $80,400 | $23,500 | $56,900 |
| 2014 | $3,193 | $80,400 | $23,500 | $56,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2026 05/15/26 | For Sale | $1,095,000 | +455.8% | $359 / Sq Ft | |
| 05/04/2016 05/04/16 | Sold | $197,000 | -0.5% | $68 / Sq Ft | View Prior Sale |
| 02/24/2016 02/24/16 | Pending | -- | -- | -- | |
| 01/28/2016 01/28/16 | For Sale | $198,000 | -- | $69 / Sq Ft |
Source: Bright MLS
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $197,000 | None Available | |
| Deed | -- | None Available | |
| Deed | $135,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $118,000 | Commercial | |
| Previous Owner | $100,000 | Fannie Mae Freddie Mac |
Source: Public Records
About the Listing Agent
A native of Lancaster County, Anne has over 25 years of experience in real estate. A graduate of Penn State University, she launched her real estate career while living in Florida. She returned to Lancaster to be closer to family and went on to co-own a mid-size agency before venturing out on her own in 2006. In 2014, Anne found her greatest opportunity, which was to associate her boutique real estate agency with Sotheby's International Realty. Anne leaves no stone unturned when it comes to
Anne M.'s Other Listings
Source: Bright MLS
MLS Number: PALA2088324
APN: 332-17207-0-0000
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