Historic three-story downtown investment property full of charm and character, featuring 10 apartments in a prime location within walking distance to Franklin & Marshall College. This well-maintained building showcases original hardwood floors, timeless architectural details, and the classic appeal of a solidly built historic structure. Owner-managed for over 20 years,… Read More the property offers gas heat, separate electric meters for each unit, and on-site coin-op laundry. One vacant unit is currently being renovated, creating immediate upside potential. Low operating expenses contribute to a strong return, making this a rare opportunity to own a stable multifamily asset with solid income and enduring character in the heart of downtown. Read Less
Courtesy of Paula G. Landis, Coldwell Banker Realty 717-735-8400
Listing Snapshot
Days Online
51
Last Updated
Property Type
Commercial
Lot Size
0.1 Acres
Year Built
1890
MLS Number
PALA2087588
Additional Details
Building
Built in 1890, 3 stories, Construction Materials: Brick
Cooling
Ceiling Fan(s), Window Unit(s)
Accessibility Features
2+ Access Exits
Expenses
Operating: $33,239
Floors
Hardwood, Vinyl
Heating
Radiator
Income
Gross Income: $142,740, Net Operating Income: $109,501, Apartment Rentals
Lot
0.1 acres, Dimensions: 0.00 x 0.00
Owner Pays
Water, Sewer, Trash Collection, Gas
Property
City, Street
Roof
Rubber
Sewer
Public Sewer
Taxes
Annual Amount: $12,214, Year: 2025, Zoning: MULTI- FAMILY
Utilities
Water Source: Public
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