348 S Queen St Lancaster, PA 17603
Southside Lancaster NeighborhoodEstimated payment $1,472/month
About This Home
Investment opportunity - 2 unit property. Unit 1 is a 1 bed in need of some TLC. Unit 2 is a 3 bed in good condition. Rents are $1150 for unit 1 and $1,230 for unit 2 (gross rent: $28,560). Owner pays W/S/T. Tenant occupied, so 24 hr notice is needed for showings. New furnaces installed in each unit -2025.
Listing Agent
(717) 740-2221 contracts@ironvalleyrealestateoflancaster.com Iron Valley Real Estate of Lancaster Brokerage Phone: 7177402221 Listed on: 02/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,843
Year Built
- Built in 1880
Lot Details
- 1,742 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,080 Sq Ft Home
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Utilities
- 90% Forced Air Heating System
- Heating System Uses Natural Gas
- Electric Water Heater
Additional Features
- Unfinished Basement
Community Details
- 2 Units
- Net Operating Income $20,500
Listing and Financial Details
- Assessor Parcel Number 334-15057-0-0000
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 | $2,742 | $69,300 | $7,800 | $61,500 |
| 2024 | $2,742 | $69,300 | $7,800 | $61,500 |
| 2023 | $2,696 | $69,300 | $7,800 | $61,500 |
| 2022 | $2,584 | $69,300 | $7,800 | $61,500 |
| 2021 | $2,528 | $69,300 | $7,800 | $61,500 |
| 2020 | $2,528 | $69,300 | $7,800 | $61,500 |
| 2019 | $2,491 | $69,300 | $7,800 | $61,500 |
| 2018 | $1,478 | $69,300 | $7,800 | $61,500 |
| 2017 | $2,278 | $49,600 | $6,800 | $42,800 |
| 2016 | $2,257 | $49,600 | $6,800 | $42,800 |
| 2015 | $881 | $49,600 | $6,800 | $42,800 |
| 2014 | $1,970 | $49,600 | $6,800 | $42,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | Pending | -- | -- | -- | |
| 02/26/2026 02/26/26 | Price Changed | $234,900 | -2.1% | $113 / Sq Ft | |
| 02/12/2026 02/12/26 | Price Changed | $239,900 | -4.0% | $115 / Sq Ft | |
| 02/02/2026 02/02/26 | For Sale | $249,900 | +194.0% | $120 / Sq Ft | |
| 03/18/2016 03/18/16 | Sold | $85,000 | -5.5% | $41 / Sq Ft | View Prior Sale |
| 02/27/2016 02/27/16 | Pending | -- | -- | -- | |
| 11/30/2015 11/30/15 | For Sale | $89,900 | +12.4% | $43 / Sq Ft | |
| 02/28/2014 02/28/14 | Sold | $80,000 | 0.0% | $38 / Sq Ft | View Prior Sale |
| 02/28/2014 02/28/14 | Pending | -- | -- | -- | |
| 02/28/2014 02/28/14 | For Sale | $80,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $85,000 | Attorney | |
| Deed | $80,000 | None Available | |
| Deed | $54,000 | -- | |
| Deed | $45,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $85,000 | Purchase Money Mortgage | |
| Previous Owner | $60,000 | New Conventional | |
| Previous Owner | $36,400 | No Value Available |
Source: Bright MLS
MLS Number: PALA2082662
APN: 334-15057-0-0000
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