Discover a unique investment opportunity in the heart of Lancaster. This well-maintained 4-unit property features two spacious 2-bedroom apartments and two commercial spaces, all occupied by long-term tenants. Apt 1 rents for $1,200 Apt #2 rents for $1,200. Tenants own ALL appliances. Apartments have hot water heat with window a/c… Read More units. First National Bank has an ATM and rents for $1,916. Jackson Hewett Tax Service rents for $1,725. The commercial units have mini splits with a/c. This property offers consistent rental income with reliable, long-term tenants. The apartments and commercial spaces are well-maintained, making it an ideal addition to any investment portfolio. Don't miss out on this fantastic opportunity to own a versatile property in a prime location with high visibility located across from the Lancaster County Convention Center. Contact us today to schedule a viewing and explore the potential of this exceptional investment! Read Less
Courtesy of Randal Kline, Kingsway Realty - Ephrata [email protected]
Listing Snapshot
Days Online
74
Last Updated
Property Type
Single Family Residential
Square Ft.
1,528
Lot Size
0.05 Acres
Year Built
1915
MLS Number
PALA2064750
30 Days Snapshot Of 17603
$344k
+13%
(avg) sold price
56
+16%
homes sold
28
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full
Building
1,528 sqft living area, Built in 1915, Structure Type: Detached, 4 units in building, Traditional, Brick
Cooling
Electric, Window Unit(s), Ductless/Mini-Split
Expenses
Insurance Expense: $2,700, Trash Expense: $624
Exterior Features
Fire Escape
Floors
Hardwood, Laminate Plank
Foundation
Permanent, Stone
Heating
Natural Gas, Electric, Hot Water
Income
Gross Income: $72,492, Apartment Rentals, Professional Offices
Lot
2,178 sqft, Lot Size Dimensions: 0.00 x 0.00, 0.05 acres
Property
Other Structures: Above Grade, Below Grade, 2 two-bedroom units
Roof
Rubber
Sewer
Public Sewer
Taxes
City/Town Tax: $4,177, City/Town Tax Pymnt Freq: Annually, County Tax: $962, County Tax Pymnt Freq: Annually, School Tax: $7,938, Tax Annual Amount: $13,077, Tax Year: 2025
Utilities
Electric Avg / Month: 32.0, Electric Prev 12 Months: 388.0, Hot Water: Electric, Water Avg / Month: 98.0
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