Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
2,048
Welcome to this charming 1900-built Colonial-style duplex located in Lancaster City. This two-unit multi-family property offers approximately 2,048 square feet of living space with a total of 4 bedrooms and 2 bathrooms across both units. Recently passing the Lancaster City lead-based paint inspection, this property provides added peace of mind and helps meet important local compliance standards. Whether you’re looking to expand your investment portfolio or begin your journey as a landlord, this property presents a great opportunity. Gross Monthly Rent: $850 (1BR) + $1,150 (3BR) = $2,000 Gross Annual Rent: $24,000 Owner Pays: Water, sewer, trash (W/S/T) — a common setup that keeps tenants happy but adds to owner expenses (estimate $200–400/month depending on usage). Gross Rent Multiplier (GRM): 11.04 ($265k / $24k) — reasonable for a stabilized older duplex in the area. Taxes: $4,996/year (2022 assessment; recent figures may be similar or slightly higher). Cap Rate Estimate (rough, before other expenses): Around 6–8% gross, depending on maintenance, insurance, vacancy, and management. Long-term tenants are a big plus for stability.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2048.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Hot Water, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
-
View
Park/Greenbelt, City
Area & Lot
-
Lot Features
Front Yard, Level, Back Yard
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1,742
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Colonial
Price
-
Sales Price
$265,000
-
Tax Amount
$4,996
-
Financing Options
Cash, Conventional
-
Sq. Footage
2,048
-
Price/SqFt
$129
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LANCASTER
Elementary School
Middle School
High School
Listing Courtesy of John Zunner , RE/MAX Evolved
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AGENT
Chana Shaffer
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