121 Laurel St, Lancaster, PA 17603

Lancaster
Local realty services provided by:ERA Martin Associates
121 Laurel St,Lancaster, PA 17603
$350,000
  • 5 Beds
  • - Baths
  • 1,876 sq. ft.
  • Multi-family
  • Active
Listed by: matthew joseph koch, david garpstas
Office: keller williams elite
MLS#:PALA2090842
Source:BRIGHTMLS

Price summary

  • Price:$350,000
  • Price per sq. ft.:$186.57

About this home

Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again,...

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Home facts

  • Year built:1900
  • Listing ID #:PALA2090842
  • Added:1 day(s) ago
  • Updated:July 02, 2026 at 09:42 PM

Rooms and interior

  • Bedrooms:5
  • Kitchen Description:Oven/Range - Gas, Refrigerator
  • Living area:1,876 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas, Radiator

Structure and exterior

  • Roof:Metal, Rubber, Shingle
  • Year built:1900
  • Building area:1,876 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Converted Dwelling
  • Construction Materials:Brick, Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$186.57
  • Tax amount:$4,590 (2025)

Parking

  • Parking description:Detached Garage, Garage - Side Entry
  • Garage:Yes
  • Garage spaces:2

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