31 N Broad St, Lancaster, PA 17602

Lancaster
Local realty services provided by:Mountain Realty ERA Powered
31 N Broad St,Lancaster, PA 17602
$265,000
  • 4 Beds
  • - Baths
  • 2,048 sq. ft.
  • Multi-family
  • Active
Listed by: john zunner, eric henry givler
Office: re/max evolved
MLS#:PALA2091636
Source:BRIGHTMLS

Price summary

  • Price:$265,000
  • Price per sq. ft.:$129.39

About this home

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,...

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Home facts

  • Year built:1900
  • Subdivision & Development:NONE AVAILABLE
  • Listing ID #:PALA2091636
  • Added:35 day(s) ago
  • Updated:August 14, 2026 at 01:39 PM

Rooms and interior

  • Bedrooms:4
  • Rooms Total:9
  • Flooring:Carpet, Tile/Brick, Vinyl
  • Kitchen Description:Kitchen - Eat-In, Oven/Range - Electric, Oven/Range - Gas
  • Basement:Yes
  • Basement Description:Rear Entrance
  • Living area:2,048 sq. ft.

Heating and cooling

  • Heating:Electric, Hot Water, Natural Gas, Radiator

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:2,048 sq. ft.
  • Lot area:0.04 Acres
  • Lot Features:Front Yard, Level, Middle Of Block, Rear Yard
  • Architectural Style:Colonial
  • Construction Materials:Brick, Masonry
  • Exterior Features:Sidewalks, Street Lights
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$265,000
  • Price per sq. ft.:$129.39
  • Tax amount:$4,996 (2022)

Features and amenities

  • Amenities:100 Amp Service, Cable TV Available, Electric Available, Natural Gas Available, Phone Available

Parking

  • Parking description:On Street

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