620 E KING STREET

LANCASTER, PA 17602
Square Ft.
2,461
$419,900
Great investment opportunity on the East Side of Lancaster City. This four unit comes turnkey and ready to make money on the first day, as it is fully occupied with a management company in place. The rental license is good through 2027, and can be transferred to the new owners.
Courtesy of Christopher Beiler, Kingsway Realty - Lancaster [email protected]
Listing Snapshot
Days Online
28
Last Updated
Property Type
Townhouse
Square Ft.
2,461
Lot Size
0.05 Acres
Year Built
1940
MLS Number
PALA2077966
30 Days Snapshot Of 17602
$335k
+5%
(avg) sold price
30
-28%
homes sold
22
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Responsibility: City/County
Basement
Rear Entrance, Unfinished, Walkout Stairs
Building
2,461 sqft living area, Built in 1940, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: Plaster Walls, 4 units in building, 3 levels in building, Traditional, Brick, Masonry
Cooling
Electric, Window Unit(s)
Expenses
Insurance Expense: $1,684, Maintenance Expense: $822, Other Expense: $1,736, Insurance
Exterior Features
Sidewalks, Street Lights
Floors
Ceramic Tile, Hardwood, Laminate Plank, Vinyl
Foundation
Stone
Heating
Electric, Natural Gas, Baseboard - Electric, Baseboard - Hot Water
Income
Gross Income: $37,470, Net Operating Income: $21,889, Apartment Rentals
Lot
2,178 sqft, 0.05 acres, Rear Yard
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 3, View: City, 3 one-bedroom units, 1 two-bedroom unit
Roof
Architectural Shingle
Sewer
Public Sewer
Taxes
City/Town Tax: $1,401, City/Town Tax Pymnt Freq: Annually, County Tax: $322, County Tax Pymnt Freq: Annually, School Tax: $2,825, School Tax Pymnt Freq: Annually, Tax Annual Amount: $4,550, Tax Year: 2025
Utilities
Electric Service: 200+ Amp Service, Hot Water: Electric
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