203 W King St, Chambersburg, PA, 17201
About This Home
Unlock the potential of this exceptional commercial/residential investment property offering 3,402 square feet of opportunity. Whether you're looking to expand your investment portfolio, establish a business, or create multiple income-producing units, this versatile property is ready to bring your vision to life. Formerly operating as a neighborhood bar and tavern, the property features two separate addresses and two separate electric meter boxes, providing flexibility for a variety of commercial and residential uses (subject to Borough approval). The possibilities are endless—from continuing a commercial operation to converting the space into additional residential units or creating a live-work investment. The second-floor apartment is currently tenant occupied, generating $1,300 per month in rental income, with the tenant paying all utilities. This provides immediate cash flow while you plan your next investment move. The expansive main level offers tremendous redevelopment potential. The existing layout could easily be transformed into a 1-bedroom efficiency apartment for quick rental income or reconfigured into a spacious 3-bedroom apartment, creating an additional revenue stream. Investors will appreciate the flexibility to maximize the property's earning potential while taking advantage of its generous footprint. Major capital improvements have already been completed, helping minimize future expenses. A new heating system was installed in the upstairs apartment in 2025, and the roof was completely replaced in June 2026, providing peace of mind and adding long-term value. Adding even more value, the sale includes all commercial coolers, refrigerators, and a commercial sink, making it more ideal for buyers. Whether you're a seasoned investor searching for your next income-producing asset, an entrepreneur seeking a flexible commercial space, or a buyer looking to capitalize on redevelopment opportunities, this property offers exceptional value, multiple income possibilities, and the foundation for long-term success. Don't miss this rare opportunity to own a versatile mixed-use property with immediate rental income, significant upside potential, and countless possibilities for future growth. Schedule your private tour today!
Getting Around
Very Walkable
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Other
- Roof: Shingle
- Construction materials: Stone,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subType: Duplex
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: Central Air,Window Unit(s),Electric
Interior Area
- Total structure area: 3,402
- Total interior livable area: 3,402 sqft
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp
Details
- Parcel number: 051B56.033.000000
- Zoning: RESIDENTIAL/COMMERCIAL
- Special condition: Standard
Features
- Pool features: None
Lot
- Lot size: 0.90 Acres
- Features: Downtown
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $960 | $11,520 |
| Home Insurance * | $69 | $828 |
| Property Taxes | $163 | $1,956 |
| Electricity | $373 | $4,479 |
| Total | $1,565 | $18,780 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Price change | $190,000 |
| 2026-06-27 | Listed for sale | $200,000 |
| 2025-03-31 | Listing removed | $199,000 |
| 2025-01-13 | Price change | $199,000 |
| 2024-12-26 | Pending sale | $240,000 |
| 2024-08-28 | Listed for sale | $240,000 |
| 2023-10-26 | Sold | $130,000 |
| 2023-09-12 | Contingent | $154,900 |
| 2023-07-28 | Price change | $154,900 |
| 2023-06-15 | Price change | $164,500 |
| 2023-04-12 | Listed for sale | $174,900 |
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