Seller's Agent in 2025
Matthew Koch
Keller Williams Elite
(717) 788-8347
8 in this area
331 Total Sales
225 E King St Lancaster, PA 17602
Musser Park NeighborhoodEstimated Value: $376,762 - $2,212,000
Studio
4
Baths
13,450
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- 0.41 Acre Lot
- Wood Flooring
- Electric Baseboard Heater
About This Home
As of February 2025What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site. Assessment values, tax values, building/lot area are combined totals based off of public records.
Last Agent to Sell the Property
(717) 553-2500 klrw1040@kw.com Keller Williams Elite License #RS339842 Listed on: 10/30/2024
Last Buyer's Agent
(717) 407-3933 office@stoltzfusrealty.com Stoltzfus Realty License #RM425371
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,191
Year Built
- Built in 1870
Lot Details
- 17,860 Sq Ft Lot
Home Design
- 13,450 Sq Ft Home
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
- Shingle Roof
- Rubber Roof
- Stone Siding
Flooring
- Wood
- Laminate
- Tile or Brick
- Luxury Vinyl Plank Tile
Parking
- 29 Open Parking Spaces
- 29 Parking Spaces
- Parking Lot
Utilities
- Radiant Heating System
- Electric Baseboard Heater
- Electric Water Heater
Listing and Financial Details
- The owner pays for common area maintenance, electricity, insurance, repairs, sewer, snow removal, real estate taxes, trash collection, water
- Assessor Parcel Number 332-39529-0-0000
Community Details
Overview
- 4 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Operating Expense $65,447
- Net Operating Income $181,955
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 28, 2017
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.039%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 11, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
0.063%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2003
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $200,000 | None Available | ||
| $100,000 | None Available | ||
| -- | -- | ||
| $60,000 | -- |
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,700,000 | ||
| Closed | $1,237,500 | ||
| Closed | $150,000 | ||
| Previous Owner | $90,000 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $2,125,000 | -2.3% | $158 / Sq Ft |
| 02/03/2025 02/03/25 | Price Changed | $2,175,000 | 0.0% | $162 / Sq Ft |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $2,175,000 | -- | $162 / Sq Ft |
Source: Bright MLS
Tax 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.
| 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 |
|---|---|---|---|---|
| 2026 | $6,522 | $163,100 | $36,400 | $126,700 |
| 2025 | $6,454 | $163,100 | $36,400 | $126,700 |
| 2024 | $6,454 | $163,100 | $36,400 | $126,700 |
| 2023 | $9,664 | $248,400 | $36,400 | $212,000 |
| 2022 | $9,261 | $248,400 | $36,400 | $212,000 |
| 2021 | $9,063 | $248,400 | $36,400 | $212,000 |
| 2020 | $9,063 | $248,400 | $36,400 | $212,000 |
| 2019 | $8,927 | $248,400 | $36,400 | $212,000 |
| 2017 | $5,971 | $130,000 | $21,600 | $108,400 |
| 2016 | $5,917 | $130,000 | $21,600 | $108,400 |
| 2015 | $1,788 | $130,000 | $21,600 | $108,400 |
| 2014 | $3,710 | $93,400 | $21,600 | $71,800 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Koch
-
David Garpstas
Seller Co-Listing Agent in 2025
David Garpstas
Keller Williams Elite
(717) 208-0253
3 in this area
27 Total Sales
-
John Stoltzfus
Buyer's Agent in 2025
John Stoltzfus
Stoltzfus Realty
(717) 226-0751
2 in this area
69 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2059654
APN: 332-39529-0-0000
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