128 E New St, Lancaster, PA 17602
Local realty services provided by:ERA Valley Realty
128 E New St,Lancaster, PA 17602
$360,000
- 4 Beds
- - Baths
- 2,474 sq. ft.
- Multi-family
- Pending
Listed by: robert lagrassa
Office: signature property professionals llc.
MLS#:PALA2082336
Source:BRIGHTMLS
Price summary
- Price:$360,000
- Price per sq. ft.:$145.51
About this home
Exceptional Multi-Family Investment Opportunity in the Heart of Lancaster City!
Welcome to your next investment gem! Nestled in the vibrant center of Lancaster City, this well-maintained multi-family property offers location but a lucrative opportunity for savvy investors or those looking to become owner-occupants. With two spacious 2-bedroom, 1-bath apartments and a robust rental history, this property is ready to deliver immediate cash flow and long-term value.
Property Features:
Two Units: Each apartment boasts two bedrooms/ 1 bathroom, providing ample space for tenants.
Bonus Room: The second-floor apartment features a versatile bonus room for additional storage, or space for specific needs.
Reliable Income Stream: With a gross monthly income of $3,145 from both units, this property promises a strong return on investment. The first-floor apartment is currently on a month-to-month lease, providing flexibility for an owner-occupant or new rental arrangements.
Convenient Amenities: First level apartment can enjoy the convenience of on-site laundry facilities in the basement for the first-floor apartment, making laundry day a breeze.
Parking & Accessibility: With four off-street parking spaces, each tenant has one space where they can appreciate the ease of access to their homes. Two additional spaces have been rented long term to a local business on a month to month basis.
Recent Upgrades: The property features a new hot water heater and furnace for the first-floor apartment, ensuring peace of mind and energy efficiency for years to come.
Location: Located just minutes from Lancaster General Hospital, this property is ideally situated for healthcare professionals, city workers, and anyone looking to enjoy the vibrant culture and amenities Lancaster City has to offer—from exquisite dining options to unique shops and galleries.
Owner-Occupied Potential: For those looking to make this property their home, consider living in one apartment while renting out the other, generating income to offset your living expenses. It’s the perfect opportunity to invest in your future while enjoying the comforts of home.
Don’t Miss Out!
With a solid rental income and potential for owner occupancy, the possibilities are endless. Whether you're a first-time investor or a seasoned real estate mogul, this listing is your chance to secure a piece of Lancaster City that promises both lifestyle and investment potential.
Schedule your private showing today and explore the incredible possibilities that await at this outstanding property!
NOTE: Buyer to verify all information provided. Listing agent is also the property management company and would be interested in retaining management service upon the sale....
Contact an agent
Home facts
- Year built:1873
- Listing ID #:PALA2082336
- Added:50 day(s) ago
- Updated:April 10, 2026 at 07:30 AM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Partial
- Living area:2,474 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas, Radiator
Structure and exterior
- Roof:Architectural Shingle, Rubber
- Year built:1873
- Building area:2,474 sq. ft.
- Lot area:0.07 Acres
- Architectural Style:Dwelling with Rental
- Construction Materials:Brick, Masonry
- Foundation Description:Brick/Mortar
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$360,000
- Price per sq. ft.:$145.51
- Tax amount:$4,595 (2025)
Parking
- Parking description:Off Street
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