$349,000

Estimated payment $2,260/month

Total Views 1,875
Studio
-- Bath
2,042 Sq Ft
$171 Price per Sq Ft

Highlights

  • More Than Two Accessible Exits
  • Hot Water Heating System
  • 4-minute walk to Rodney Park
  • Halls are 48 inches wide or more

About This Home

Exceptional Investment Opportunity! Updated Two-Unit Property in Lancaster City's Coveted West End! Unlock immediate income potential with this **fully updated and meticulously maintained** multi-family property, perfectly situated in the highly sought-after West End neighborhood of Lancaster City. excellent walkability, and proximity to downtown amenities, this location ensures high tenant demand! This property has been completely refreshed, offering **turn-key readiness** for investors or owner-occupants looking for substantial rental income. Every unit has received significant updates, ensuring low initial maintenance. * **Unit 1 (First Floor):** A comfortable **1 Bedroom Apartment** featuring an eat-in kitchen, separate living area, and a fully updated bathroom. Rented at $1,350 Parking included. Unit 2 (Second Floor): A spacious **4 Bedroom Apartment** complete with a full updated bathroom, eat-in kitchen, and dedicated living area. rented at $2,400
Two Generous Bedrooms located on the top level, likely utilizing space on both floors for a unique layout. 2 off street parking, tenants pays additional for parking spaces in the back of the home, extra income generation! Complete Updates: All living spaces have been significantly upgraded, including, newly renovated bathrooms, updated kitchens, fresh flooring, new paint, and modern light fixtures.
Income Generating: This property is truly ready and delivering immediate cash flow.
Investment Appeal: The desirable West End location guarantees strong rental interest and high potential rental rates. Total Rental Income
Unit 1: $1,300 / month
Unit 2: $2,400 / month
Total monthly rent:
1350 + 2400 = 3750
Annual rent:
3750 × 12 = 45,000
Total yearly rental income = $45,000 Operating Expenses
Monthly expenses: $50 monthly trash/sewer 50 × 12 = 600
yearly: $1,400 (heat winter months 150$ 3 months 30$ to 40$ summer/spring/fall)
Total expenses: 600 + 1,400 = 2,000
Net Operating Income (NOI)
45,000 - 2,000 = 43,000
NOI = $43,000
(mortgage is not included) mortgage: $1,800 monthly Cap Rate Property Value
Cap Rate = 12%-12.5% This is a rare chance to acquire a fully renovated multi-family asset in one of Lancaster’s premier residential areas. Minimize your turnover risk and maximize your returns with move-in-ready units! Don't miss the chance to own a prime, income-producing asset in Lancaster's best neighborhood!

Listing Agent

mabel hinson

(717) 735-8400 cpalancasteradmins@coldwellbankermoves.com Coldwell Banker Realty Brokerage Phone: 7177358400 Listed on: 03/12/2026

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,329

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Masonry

Interior Spaces

  • 2,042 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Driveway

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 338-66840-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,329

Year Built

Built in 1910

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors, 48"+ Halls
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 3/12/2026 12:00:00 AM
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2042
  • Living Area Sq Ft: 2042
  • Price Per Sq Ft: 170.91
  • Above Grade Finished Sq Ft: 2042
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Units Furnished: Some
  • Vacation Rental: No

Tax Info

  • School Tax: 3309.00
  • Tax Annual Amount: 5329.00
  • Assessor Parcel Number: 338-66840-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,140 $129,900 $23,300 $106,600
2024 $5,140 $129,900 $23,300 $106,600
2023 $5,054 $129,900 $23,300 $106,600
2022 $4,843 $129,900 $23,300 $106,600
2021 $4,739 $129,900 $23,300 $106,600
2020 $4,739 $129,900 $23,300 $106,600
2019 $4,668 $129,900 $23,300 $106,600
2018 $2,770 $129,900 $23,300 $106,600
2017 $3,711 $80,800 $16,200 $64,600
2016 $3,677 $80,800 $16,200 $64,600
2015 $1,435 $80,800 $16,200 $64,600
2014 $3,209 $80,800 $16,200 $64,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2026 03/12/26 For Sale $349,000 +74.5% $171 / Sq Ft
12/21/2022 12/21/22 Sold $200,000 -9.1% $98 / Sq Ft View Prior Sale
12/02/2022 12/02/22 Price Changed $220,000 0.0% $108 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $220,000 +100.0% $108 / Sq Ft
03/09/2012 03/09/12 Sold $110,000 -8.3% $54 / Sq Ft View Prior Sale
02/09/2012 02/09/12 Pending -- -- --
11/21/2011 11/21/11 For Sale $119,900 -- $59 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $200,000 --
Deed $110,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $196,377 FHA
Previous Owner $94,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Bright MLS

MLS Number: PALA2084112

Bright MLS

APN: 338-66840-0-0000

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