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151 E High St, Elizabethtown, PA, 17022

5beds
3baths
2,800sqft
$469,000
$168price/sqft
$3,264/moest. monthly cost
$130,560/yrincome needed

About This Home

Rare Opportunity to Own an Income-Producing Mixed-Use Property with a Turnkey Salon Business and Desirable Live/Work Lifestyle! This exceptional property offers the perfect combination of immediate cash flow, business ownership, and long-term investment potential in the heart of Elizabethtown. Currently configured as two income-producing units with the potential for a third, the property features a 3-bedroom, 1-bath apartment upstairs, a fully equipped, turnkey hair salon on the main level, and a 1-bedroom apartment in the rear. The upstairs apartment is tenant-occupied and currently generates monthly rental income, providing immediate income from day one. The sale includes the established salon business, along with salon equipment, fixtures, and an existing clientele, offering a seamless transition for a stylist, salon owner, or entrepreneur looking to step into a ready-to-operate business. The commercial space enjoys excellent visibility on E. High Street and is well suited for continued salon use or another professional service business, subject to local approvals. Whether you’re an investor seeking multiple income streams, a business owner looking to own rather than lease, or an owner-occupant wanting to offset your mortgage with rental income, this unique property offers outstanding flexibility and value. Recent improvements include new vinyl siding, replacement windows, a partial roof replacement, and a newer water heater. All appliances are included, making this a truly move-in and rent-ready opportunity. Additional features include a detached 2-car garage, a detached shed, 9-car off-street parking, and a convenient location just minutes from downtown Elizabethtown, shopping, restaurants, schools, and the Amtrak station. This is a rare chance to own a profitable mixed-use property that combines investment income, business ownership, and an exceptional live/work lifestyle in one package.

Getting Around

18
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
Bear Creek SchoolGrades 3-51.7 mi

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: Unknown
  • Architectural style: Conventional

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Washer

Basement

  • Basement: Partially finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet,Hardwood,Laminate,Linoleum / Vinyl

Heating & Cooling

  • Heating features: Baseboard,Electric,Gas
  • Cooling features: Other

Interior Area

  • Total interior livable area: 2,800 sqft

Property

Details

  • Parcel number: 2500204400000

Features

  • Exterior features: Other,Vinyl
  • Has view: Yes
  • View description: Park,City

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 9
  • Parking features: Garage - Detached,Off-street

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
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hurricane
Lightning

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 $2,371$28,452
Home Insurance *$117$1,404
Property Taxes $469$5,628
Electricity $307$3,686
Total$3,264$39,168
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$111,908/yr
40% on housing$97,920/yr
45% on housing$87,040/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

$168This listing

vs Other Active Listings

Avg $/sqft

ZIP 17022$182
Lancaster County$179

vs Homes Sold Last Month

Median $/sqft

ZIP 17022$206
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
2026-08-06Price change$499,900
2026-07-31Listed for sale$469,000
2015-07-01Sold$140,000
2015-03-24Pending sale$159,900
2015-03-18Price change$159,900
2015-02-12Listed for sale$169,900
2002-01-16Sold$105,000

For Sale by Owner

AgentProperty Owner

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