For Sale
$699,000

464 Manor StLancaster, PA 17603

Prime Lancaster, PA Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 11-unit multifamily building situated at 464-466 Manor Street in Lancaster, Pennsylvania. The property, built in 1900, boasts 5,400 square feet across three stories and is zoned for medium-density residential use. The building comprises four apartments and seven individually leased boarding rooms, providing a diverse revenue stream. Convenient off-street parking is available for residents. The asking price is $699,000, translating to $129.44 per square foot and approximately $63,545.45 per unit. Its prime downtown location offers unparalleled convenience, with easy walking access to cultural landmarks such as the Fulton Theater and the vibrant Lancaster Central Market. This well-maintained property presents a strong return on investment for a discerning buyer seeking a stable and profitable addition to their portfolio. The property's strong occupancy rate and desirable location make it an attractive proposition for both seasoned investors and those new to the multifamily market. Financial details are available upon request. This is a rare opportunity to acquire a well-positioned, income-generating asset in a thriving Pennsylvania city.

Highlights

  • Fully leased 11-unit multifamily building in Lancaster, PA.
  • 5,400 square foot building on three stories, built in 1900.
  • Mix of apartments and boarding rooms provides diverse income stream.
  • $699,000 asking price, $129.44/SF, ~$63,545/unit.
  • Prime downtown location near cultural attractions and Lancaster Central Market.
  • Offers off-street parking.

Property Details for 464 Manor St

Property type
Apartment buildings
Square Feet
5,400 SF
Year Built
1900
Buildings
1
Stories
3
Units
11

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.035875
Longitude
-76.3138211
464 Manor St, Lancaster, Pennsylvania

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464 Manor St
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