257 W King St Lancaster, PA 17603
Downtown Lancaster NeighborhoodEstimated payment $3,696/month
About This Home
Welcome to 257 W King Street—a rare historic gem in Lancaster City's Downtown Business District! One of only three remaining commercial buildings in the city showcasing the striking Second Gothic Revival architectural style. With an exquisitely preserved, richly ornate brick facade dating back to circa 1890, this iconic structure once belonged to prominent jeweler and developer Henry Zahm Rhoades and later served the community through generations of retail and residential uses. This mixed use residential/commercial property is Airbnb approved.
Today, this beautiful property offers endless possibilities with a first-floor commercial space perfect for a boutique, gallery, cafe, nail salon or office, plus two residential units above—a large 3-bedroom apartment spanning the second and third floors, and a charming renovated studio with private backyard. Whether you're looking to live and work in the same building or invest in a unique income-producing property in Downtown Lancaster, you won't want to miss this opportunity!
Conveniently located in the Central Business District in Downtown Lancaster, you're just steps away from Central Market, restaurants, coffee shops, galleries, the Convention Center, and more. Plus, the property sits within the City Revitalization & Improvement Zone (CRIZ), which may offer financial incentives and grants for acquisition, renovation, and business growth.
Historic charm, modern opportunity. Schedule your private tour today—properties like this don’t come around often!
Listing Agent
(717) 615-3400 homesbyada@gmail.com Home 1st Realty License #RM424646 Listed on: 07/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,174
Year Built
- Built in 1860
Lot Details
- 1,742 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Stone Foundation
Utilities
- Radiator
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Unfinished Basement
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 331-58156-0-0000
Map
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 | $8,088 | $204,400 | $59,400 | $145,000 |
| 2024 | $8,088 | $204,400 | $59,400 | $145,000 |
| 2023 | $7,952 | $204,400 | $59,400 | $145,000 |
| 2022 | $7,621 | $204,400 | $59,400 | $145,000 |
| 2021 | $7,457 | $204,400 | $59,400 | $145,000 |
| 2020 | $7,457 | $204,400 | $59,400 | $145,000 |
| 2019 | $7,346 | $204,400 | $59,400 | $145,000 |
| 2018 | $4,359 | $204,400 | $59,400 | $145,000 |
| 2017 | $3,100 | $67,500 | $20,800 | $46,700 |
| 2016 | $3,072 | $67,500 | $20,800 | $46,700 |
| 2015 | $1,198 | $67,500 | $20,800 | $46,700 |
| 2014 | $2,681 | $67,500 | $20,800 | $46,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $575,000 | 0.0% | $179 / Sq Ft |
| 08/20/2025 08/20/25 | Off Market | $575,000 | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $575,000 | -- | $179 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $107,900 | None Available | |
| Deed | $60,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,530 | Commercial |
Source: Bright MLS
MLS Number: PALA2070856
APN: 331-58156-0-0000
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