61 Spencer Ave #63, Lancaster, PA, 17603
About This Home
An open house has been scheduled for Thursday, August 6th from 12pm to 1pm. Please RSVP to the listing agent if you plan to attend. Fully leased 4-unit brick multifamily property located in Lancaster Township, in the established Hamilton Park / West End neighborhood just south of Franklin & Marshall College and minutes from Downtown Lancaster. The unit mix consists of two 1-bedroom/1-bath units and two 3-bedroom/1-bath units. The property sits on a quiet, tree-lined residential street with strong long-term rental demand driven by proximity to F&M College, downtown Lancaster's restaurants, retail and employers, and easy access to Routes 30 and 501. Solid brick construction and a stable, established residential setting make this a low-maintenance hold with consistent tenant demand. A turnkey opportunity for an investor seeking a stabilized multifamily asset in one of Lancaster City's most desirable residential areas.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Other
- Roof: Composition,Shingle
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Washer/Dryer Hookups Only
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Full,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 8
Heating & Cooling
- Heating features: Radiator,Electric
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 0
Property
Accessibility
- Accessibility features: 2+ Access Exits
Details
- Parcel number: 3403984700000
- Zoning: R2 - RESIDENTIAL
- Special condition: Standard
Features
- Pool features: None
- Frontage length: Road Frontage: 70
Lot
- Lot size: 9,148 sqft
- Lot size dimensions: 0.00 x 0.00
Parking
- Parking features: Off Street,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
- Inland Flooding
- Winter Weather
- Cold Wave
- Hurricane
- Heat Wave
- Lightning
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 | $2,705 | $32,460 |
| Home Insurance * | $180 | $2,160 |
| Property Taxes | $535 | $6,420 |
| Electricity | $224 | $2,692 |
| Total | $3,644 | $43,728 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
Hail
WindHow 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 |
|---|---|---|
| 2026-07-20 | Listed for sale | $535,000 |
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