Bought with Courtney Longenecker • Keller Williams Elite
$515,000
$579,900
11.2%For more information regarding the value of a property, please contact us for a free consultation.
2,786 SqFt
SOLD DATE : 07/08/2025
Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,786 sqft
Price per Sqft $184
MLS Listing ID PALA2066684
Sold Date 07/08/25
Style Traditional
Abv Grd Liv Area 2,786
Year Built 1883
Available Date 2025-04-06
Annual Tax Amount $6,240
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Prime Investment Opportunity – Fully Rented Triplex Near Lancaster General Hospital & Franklin & Marshall College. Located just one block from Lancaster General Hospital and within walking distance to Franklin & Marshall College, this well-maintained 3-unit property offers a fantastic investment opportunity in a highly sought-after area. Currently fully rented, the property generates a steady gross rent of $51,300 annually, with tenants responsible for some of the utilities.
Property Features: Unit 1 has1 Bedroom, 1 Full Bathroom, with in-unit laundry ($1,225 rent); Unit 2 has 2 Bedrooms, 1 Full Bathroom and shares laundry in basement. ($1,495 rent); Unit 3 has 1 Bedroom, 1 Full Bathroom and shares laundry in basement ($1,145 rent).
The home is in great condition with hardwood floors throughout, providing a charming and low maintenance living environment. Enjoy the outdoor space with a welcoming front porch and a cozy backyard, perfect for relaxation. This property presents a unique opportunity to own a turnkey rental in a prime location, appealing to medical professionals, college students, and renters alike.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Interior
Interior Features Bathroom - Tub Shower, Ceiling Fan(s), Window Treatments, Wood Floors, Dining Area, Floor Plan - Traditional, Kitchen - Eat-In
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Ceramic Tile, Hardwood
Equipment Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stove, Washer, Water Heater
Fireplace N
Appliance Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stove, Washer, Water Heater
Heat Source Oil
Exterior
Exterior Feature Balcony, Brick, Patio(s), Porch(es)
Water Access N
Roof Type Rubber
Accessibility None
Porch Balcony, Brick, Patio(s), Porch(es)
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls,Brick
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 336-58924-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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