UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $194
MLS Listing ID PALA2086140
Style Colonial
Abv Grd Liv Area 1,200
Year Built 1900
Available Date 2026-04-17
Annual Tax Amount $1,160
Tax Year 2018
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Duplex
Source BRIGHT
Property Description
Well-located two-unit property in a highly walkable area with convenient access to local shops, restaurants, and everyday amenities.
This income-producing, tenant-occupied duplex offers immediate cash flow with additional value-add potential.
Unit 455 is currently rented at $965/month. Unit 457 is a 3-bedroom, 1-bath unit rented at $1,150/month and includes washer/dryer hookups. The property features one long-term tenant, providing stability and consistent rental income.
Recent updates include a new furnace, a new stove in 455 and updated fencing, reducing near-term capital expenses.
Owner currently pays water, sewer, and trash. Property is being sold as-is. With cosmetic improvements, there is an opportunity to increase rents to market rates and further enhance returns.
Current cap rate is 7%.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Interior
Interior Features Carpet
Hot Water Other
Heating Other
Cooling None
Flooring Carpet, Vinyl
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Sewer Available, Water Available, Electric Available
Water Access N
Roof Type Composite
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 1200
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Mccaskey H.S.
School District School District Of Lancaster
Others
Tax ID 338-59313-0-0000
Ownership Fee Simple
SqFt Source 1200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby School & Business
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