Listed by Landmark Commercial Realty
$290,000
252 E Walnut Street
Details
APN 336-35796-0-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,420
Units 2
NOI $14,515
Occupancy 100%
Class B
Year Built 1868
Stories 2
Acreage 0.040
Zoning R-4 Residential
Multifamily | 2 Units | $145,000/unit
Marketing description
Located at 252 E Walnut St, Lancaster, PA - this well-maintained duplex offers immediate rental income with long-term appreciation potential. The property features two 2-bedroom, 1-bath units (one per floor), shared laundry, and a partially finished basement, providing flexible use and added value.
Situated in a highly walkable location, the property is just a short walk to Lancaster General Hospital and Musser Park, with downtown amenities close by. A large fenced-in yard enhances tenant appeal. Ideal for seasoned investors or first-time house hackers seeking a solid, income-producing asset in a desirable Lancaster neighborhood.
Investment highlights
- Well-maintained duplex with a spacious, fully fenced backyard
- Excellent in-city location in a highly walkable neighborhood
- Each unit offers 2 bedrooms and 1 full bath, providing flexible rental appeal
- Partially finished basement with additional usable space for storage or future improvements
- Fully leased offering stabilized income
- Supply constrained neighborhood suggesting consistent organic rent growth into the future
- Increasing demand among young professionals for Downtown Lancaster apartments
Listing Contacts
Listed by Landmark Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$14,515.00
$1,209.58/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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