$599,900

542 E King St Lancaster, PA 17602

Stevens Neighborhood

Estimated payment $3,846/month

Total Views 24,114
-- Bed
-- Bath
2,352 Sq Ft
$255 Price per Sq Ft

Highlights

  • 0.18 Acre Lot
  • 2 Car Attached Garage
  • Electric Baseboard Heater

About This Home

Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4, large one bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. *****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****

Listing Agent

Matthew Koch

Keller Williams Elite License #RS339842 Listed on: 10/23/2024

Keller Williams Elite

Co-Listing Agent

David Garpstas

Keller Williams Elite License #RS329082

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,803

Year Built

  • Built in 1890

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • 2,352 Sq Ft Home
  • Brick Exterior Construction
  • Masonry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 337-31416-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,803

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Year Built: 1890
  • Remarks Public: Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4, large one bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. *****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 2352
  • Living Area Sq Ft: 2352
  • Price Per Sq Ft: 255.06
  • Above Grade Finished Sq Ft: 2352
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 540

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Attached Garage, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 116
  • Lot Size Acres: 0.18
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7841.00
  • Year Assessed: 2025
  • Zoning: R3
  • Zoning Description: Medium Density

Rental Info

  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4736.00
  • Tax Annual Amount: 7803.00
  • Assessor Parcel Number: 337-31416-0-0000
  • Tax Total Finished Sq Ft: 2352
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2025

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Price Changed $599,900 0.0% $255 / Sq Ft
07/23/2025 07/23/25 For Sale $599,900 -1.7% $255 / Sq Ft
05/29/2025 05/29/25 Pending -- -- --
04/11/2025 04/11/25 Price Changed $610,000 -1.6% $259 / Sq Ft
03/10/2025 03/10/25 Price Changed $620,000 -1.6% $264 / Sq Ft
01/13/2025 01/13/25 Price Changed $630,000 -1.6% $268 / Sq Ft
12/05/2024 12/05/24 Price Changed $640,000 -1.5% $272 / Sq Ft
10/23/2024 10/23/24 For Sale $650,000 -- $276 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PALA2059304

Bright MLS
Pennsylvania Lancaster County Lancaster 17602 Stevens

542 E King St, Lancaster, PA

This home is located at 542 E King St, Lancaster, PA 17602 and is currently priced at $599,900, approximately $255 per square foot. This property was built in 1890. 542 E King St is a home located in Lancaster County with nearby schools including Wickersham Elementary School, Lincoln Middle School, and McCaskey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes
Matthew Koch
Listing Agent
Matthew Koch
Section Image
Keller Williams Elite
(223) 218-2355