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514 W Orange St, Lancaster, PA, 17603

4beds
3baths
2,604sqft
$457,000
$175price/sqft
$3,206/moest. monthly cost
$128,240/yrincome needed

About This Home

Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.

Getting Around

94
WalkingWalker's Paradise
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

5/10
Fulton El SchoolGrades PK-50.3 mi
6/10
Reynolds Middle SchoolGrades 6-80.3 mi
5/10
Mccaskey CampusGrades 9-121.5 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1890

Materials

  • Foundation: Permanent,Stone
  • Roof: Flat
  • Construction materials: Brick,Masonry

Notable Dates

  • Major remodel year: 2001

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Oven/Range - Electric,Gas Water Heater

Basement

  • Area: 1078

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Features

  • Formal/Separate Dining Room,Plaster Walls
  • Door features: Insulated
  • Window features: Energy Efficient
  • Flooring: Hardwood,Other

Heating & Cooling

  • Heating features: Radiator,Baseboard,Natural Gas,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 3,682
  • Total interior livable area: 2,604 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3351465300000
  • Zoning: RESD - 3 FAMILY DWELLING
  • Special condition: Standard

Features

  • Pool features: None
  • Patio & porch: Patio

Lot

  • Lot size: 3,485 sqft
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 4
  • Parking features: Crushed Stone,On Street,Off Street
  • Has uncovered spaces: Yes