464 Manor StLancaster, PA 17603

Property Details for 464 Manor St

Year built

1900

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

5,400 SF

Zone code

R3

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

338-68747-0-0000

APU

3386874700000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,033,528

  6.5%

  $954,026

  7%

  $885,881

• Comparable approach

  Method

  Valuation

  Relative Method

  $641,808

  Geo Method

  $526,557

• Alternative Use

  Use

  Valuation

  Residential

  $954,026

  Hospitality

  $873,882

  Educational

  $727,060

  Medical

  $752,064

  Retail

  $1,130,982

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0357

Longitude

-76.3136

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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