$675,000
$20K PRICE DROP

352 E New St Lancaster, PA 17602

Ross Neighborhood

Estimated payment $4,637/month

Total Views 8,532
Studio
-- Bath
4,392 Sq Ft
$154 Price per Sq Ft

Highlights

  • 24-Hour Security
  • Wood Flooring
  • Multiple Balconies
  • Traditional Architecture
  • Corner Lot
  • Eat-In Kitchen

About This Home

Outstanding investment opportunity featuring a 6-unit mixed-use property with apartments, laundromat, and restaurant, located on a prominent corner in Northeast Lancaster City. This turnkey asset is a strong addition to any real estate portfolio, offering 4 apartment units, an operating laundromat with 14 commercial washers and dryers plus an ADA bathroom, and a fully equipped restaurant with stainless steel equipment. Long-standing tenants rents have lots of room for increase. $42,000 annual net income.

Listing Agent

Ervin Barkman

(717) 569-8701 lynn@kingswayrealty.com Kingsway Realty - Lancaster Brokerage Phone: 7175698701 License #RS168511L Listed on: 05/10/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,507

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x109
  • Corner Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Poured Concrete
  • Rubber Roof
  • Metal Roof

Interior Spaces

  • 4,392 Sq Ft Home
  • Replacement Windows

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Flooring

  • Wood
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Escape

Outdoor Features

  • Multiple Balconies

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 336-64423-0-0000

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals, laundry
  • Trash Expense $2,064
  • Net Operating Income $41,795

Security

  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,507

Year Built

Built in 1900

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Restaurant operator's equipment.
  • Inclusions: All laundry mat equipment. Most of the restaurant equipment.
  • New Construction: No
  • Expected On Market: 5/10/2026 12:00:00 AM
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Vinyl, Wood
  • Interior Amenities: Kitchen - Eat-In, Wood Floors
  • Window Features: Replacement
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Outside Entrance, Full, Poured Concrete
  • Total Sq Ft: 4392
  • Living Area Sq Ft: 4392
  • Price Per Sq Ft: 153.69
  • Above Grade Finished Sq Ft: 4392
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks, Street Lights
  • Roof: Metal, Rubber
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 1381.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, 24 Hour Security, Security System
  • Sewer/Septic System: Public Septic
  • Utilities: Natural Gas Available
  • Water Previous Twelve Months: 5960.00
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25x109
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Very Good, Good
  • Zoning: MIXED USE

Rental Info

  • Owner Pays: Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Taxes - Real Estate, Water
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 7096.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 11507.00
  • Assessor Parcel Number: 336-64423-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Gross Income: 72360.00
  • Income Includes: Apartment Rentals, Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 Prior Sale
07/09/2026 07/09/26 Price Changed $675,000 -2.9% $154 / Sq Ft
05/10/2026 05/10/26 For Sale $695,000 +135.6% $158 / Sq Ft
09/15/2016 09/15/16 Sold $295,000 -10.6% $67 / Sq Ft View Prior Sale
07/27/2016 07/27/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $329,900 -- $75 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PALA2087358

Bright MLS
Pennsylvania Lancaster County Lancaster 17602 Ross

352 E New St, Lancaster, PA

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Kingsway Realty - Lancaster
(223) 271-8136
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