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Bought with Gilbert B Lyons Jr • RE/MAX Pinnacle
$ 552,000
$ 552,000
2,642 SqFt
$ 552,000
$ 552,000
2,642 SqFt
Key Details
Sold Price $552,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,642 sqft
Price per Sqft $208
Subdivision Chestnut Hill
MLS Listing ID PALA2069126
Sold Date 06/13/25
Style Colonial
Abv Grd Liv Area 2,642
Year Built 1900
Annual Tax Amount $7,668
Tax Year 2024
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Welcome to 322 W. James Street, a beautifully renovated three-unit investment property ideally located in the heart of Lancaster City. Built in 1900 and thoughtfully updated from basement to roof, this exceptional property offers the perfect blend of historic charm and modern convenience—making it an outstanding opportunity for investors or owner-occupants seeking rental income.
This well-maintained property features two spacious 1-bedroom apartments and one 2-bedroom apartment, offering strong rental appeal and excellent tenant retention. Each unit has been upgraded with modern kitchens and baths, gleaming wood floors, and attractive finishes that retain the character of the original structure.
Updated Systems & Smart Investment Design
One of the most valuable features of this property is the separated electric and gas utilities—a major convenience for both landlords and tenants. Each unit operates independently for efficiency and ease of management.
The spacious basement provides ample storage space for tenants, along with a coin-operated washer and dryer, creating an added source of income and convenience. These thoughtful upgrades demonstrate a clear attention to detail and an understanding of long-term investment strategies.
Added Bonus: Oversized Garage & Private Rear Yard
Unlike many multi-unit city properties, 322 W. James Street includes an oversized garage—perfect for parking, storage, or potential additional rental income. The private rear yard offers green space for tenants to enjoy and adds to the overall appeal of the property.
Ideal Walkable Location
Located in a highly desirable neighborhood, this property is just a short walk to Franklin & Marshall College, Lancaster General Hospital, and beloved local favorites like LUCA Restaurant, The Fridge, Mean Cup, and the Lancaster Barnstormers ballpark. The area is also home to numerous boutiques, coffee shops, galleries, and brew pubs—making this a highly rentable location for professionals, students, and city dwellers alike.
With easy access to major roads, public transportation, and vibrant downtown Lancaster, this property offers everything savvy investors look for: location, updates, income potential, and long-term growth.
Don't miss this rare opportunity to own a fully renovated, income-generating 3-unit property in one of Lancaster's most sought-after neighborhoods. Whether you're building your portfolio or looking for a live-in investment, 322 W. James Street is a property you won't want to miss.
Schedule your private showing today!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R-3
Interior
Hot Water Natural Gas, Multi-tank
Heating Baseboard - Electric, Heat Pump - Electric BackUp
Cooling None
Fireplace N
Window Features Insulated
Heat Source Electric
Exterior
Parking Features Garage - Rear Entry, Oversized, Inside Access, Additional Storage Area
Garage Spaces 1.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone, Sewer Available, Water Available
Water Access N
Accessibility None
Total Parking Spaces 1
Garage Y
Building
Lot Description Rear Yard
Foundation Pillar/Post/Pier, Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Wharton
Middle Schools John F Reynolds
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Tax ID 339-91172-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector,Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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