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649-651 W Chestnut St, Lancaster, PA, 17603

3beds
1baths
5,390sqft
$795,000
$147price/sqft
$5,673/moest. monthly cost
$226,920/yrincome needed

About This Home

This listing includes two tax parcels and two buildings. Both 335-95684-0-0000 & 335-93280-0-0000 are included in the listing price. Three large apartments and former dental office with rare nine (9) car parking lot. Great opportunity for owner/user of office space and residence with potential for additional income, or total investment in highly desirable “Chestnut Hill” area. Well maintained with newer roofs, gas heat, all seperately metered units. One apartment is occupied month-to-month at $1,400/month with all other units currently vacant.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

6/10
Thomas Wharton El SchoolGrades PK-50.6 mi
6/10
Reynolds Middle SchoolGrades 6-80.1 mi
5/10
Mccaskey CampusGrades 9-121.7 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 1907

Materials

  • Foundation: Stone,Block
  • Roof: Rubber,Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional,Colonial
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Concrete

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1

Features

  • 9'+ Ceilings,Plaster Walls
  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Baseboard,Central,Forced Air,Radiator,Natural Gas
  • Cooling features: Central Air,Natural Gas

Interior Area

  • Total structure area: 5,390
  • Total interior livable area: 5,390 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 3359568400000
  • Zoning: R-4
  • Zoning description: High Density Residential R-4
  • Special condition: Standard

Features

  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Balcony
  • Frontage type: Road Frontage

Lot

  • Lot size: 7,841 sqft
  • Features: Downtown
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 9
  • Parking features: Enclosed,Parking Lot

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

  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Winter Weather
Inland Flooding

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

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

MonthlyAnnual
Mortgage $4,019$48,228
Home Insurance *$268$3,216
Property Taxes $795$9,540
Electricity $591$7,096
Total$5,673$68,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$194,502/yr
40% on housing$170,190/yr
45% on housing$151,280/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How 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.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$147This listing

vs Other Active Listings

Avg $/sqft

ZIP 17603$165
Lancaster County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 17603$187
Lancaster County$208

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

DateEventPrice
2026-03-23Price change$795,000
2026-02-23Listed for sale$895,000
2026-01-22Listing removed$895,000
2025-10-22Listed for sale$895,000

For Sale by Agent

AgentTom McDermott
BrokerageU.S. Commercial Realty

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