31 N Broad St Lancaster, PA 17602
Conestoga Woods NeighborhoodEstimated payment $1,856/month
Total Views
10,622
Studio
--
Bath
2,048
Sq Ft
$129
Price per Sq Ft
Highlights
- City View
- Eat-In Kitchen
- Hot Water Heating System
- Colonial Architecture
- Tile or Brick Flooring
- 3-minute walk to Reservior Park
About This Home
Welcome to this charming 1900-built Colonial-style duplex located in Lancaster City. This two-unit multi-family property offers approximately 2,048 square feet of living space with a total of 4 bedrooms and 2 bathrooms across both units. Recently passing the Lancaster City lead-based paint inspection, this property provides added peace of mind and helps meet important local compliance standards. Whether you’re looking to expand your investment portfolio or begin your journey as a landlord, this property presents a great opportunity. Gross Monthly Rent: $850 (1BR) + $1,150 (3BR) = $2,000
Gross Annual Rent: $24,000
Owner Pays: Water, sewer, trash (W/S/T) — a common setup that keeps tenants happy but adds to owner expenses (estimate $200–400/month depending on usage).
Gross Rent Multiplier (GRM): 11.04 ($265k / $24k) — reasonable for a stabilized older duplex in the area.
Taxes: $4,996/year (2022 assessment; recent figures may be similar or slightly higher).
Cap Rate Estimate (rough, before other expenses): Around 6–8% gross, depending on maintenance, insurance, vacancy, and management. Long-term tenants are a big plus for stability.
Listing Agent
(717) 509-2880 info@rmevolved.com RE/MAX Evolved Brokerage Phone: 7175092880 License #RS341773 Listed on: 07/09/2026
Co-Listing Agent
(717) 509-2880 info@rmevolved.com RE/MAX Evolved Brokerage Phone: 7175092880 License #RS345253
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,996
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Infill Lot
- Level Lot
- Back and Front Yard
Parking
- On-Street Parking
Property Views
- City
- Park or Greenbelt
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
- Rubber Roof
- Masonry
Interior Spaces
- 2,048 Sq Ft Home
- Basement
- Rear Basement Entry
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Flooring
- Carpet
- Tile or Brick
- Vinyl
Utilities
- Radiator
- Heating System Uses Natural Gas
- Hot Water Heating System
- 100 Amp Service
- Natural Gas Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 332-05532-0-0000
Community Details
Overview
- 2 Units
- 3-Story Building
Building Details
- Trash Expense $272
Map
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Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/09/2026 07/09/26 | For Sale | $265,000 | +28.0% | $129 / Sq Ft | |
| 08/22/2022 08/22/22 | Sold | $207,000 | -3.2% | $101 / Sq Ft | View Prior Sale |
| 06/28/2022 06/28/22 | Pending | -- | -- | -- | |
| 06/22/2022 06/22/22 | For Sale | $213,900 | +3.3% | $104 / Sq Ft | |
| 06/20/2022 06/20/22 | Off Market | $207,000 | -- | -- | |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- | |
| 06/05/2022 06/05/22 | Price Changed | $213,900 | -0.5% | $104 / Sq Ft | |
| 05/13/2022 05/13/22 | For Sale | $215,000 | +41.4% | $105 / Sq Ft | |
| 09/30/2021 09/30/21 | Sold | $152,000 | -5.0% | $74 / Sq Ft | View Prior Sale |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- | |
| 08/27/2021 08/27/21 | Price Changed | $159,931 | 0.0% | $78 / Sq Ft | |
| 08/27/2021 08/27/21 | For Sale | $159,931 | -8.6% | $78 / Sq Ft | |
| 07/08/2021 07/08/21 | Pending | -- | -- | -- | |
| 06/27/2021 06/27/21 | For Sale | $174,931 | -- | $85 / Sq Ft |
Source: Bright MLS
About the Listing Agent
Started my Realestate career in 2017 , and Proud to be associated with Re/max the #1 franchise in global, residential home sales. I am part of RE/MAX EVOLVED team because we're where experience agents choose to work. There is virtually no transactional issue that we can't solve. I have a vast knowledge of the Lancaster Lebanon,York areas as I've lived here for almost 4 decades. I have knowledge of the region and the people and the connections for all your needs prior during and after your home
John's Other Listings
Source: Bright MLS
MLS Number: PALA2091636
APN: 332-05532-0-0000
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