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132 Reo Ave, Lancaster, PA, 17603

4beds
3baths
2,568sqft
$325,000
$127price/sqft
$2,358/moest. monthly cost
$94,320/yrincome needed

About This Home

Rare opportunity in the heart of Lancaster city! This spacious home offers a total of 4 bd/2.5 ba and incredible potential for those seeking space, versatility and convenience. This well-maintained home features an in-laws quarter on the first floor, 3bd on the second floor, finished basement, off-street parking for multiple vehicles & much more! Also included in the sale is a VACANT LOT that provides parking for additional 12+ vehicles as well as a fenced yard area which offers endless possibilities! Whether you are looking for extra outdoor space, future development, or the ideal setup for an in-home business - this is a true rarity in the city! Don't miss out on this one-of-a-kind opportunity - schedule your showing today!

Getting Around

91
WalkingWalker's Paradise
0
TransitVery Limited Transit
62
BikeBikeable

Schools

4/10
Lafayette El SchoolGrades PK-50.6 mi
6/10
Reynolds Middle SchoolGrades 6-80.4 mi
5/10
Mccaskey CampusGrades 9-121.7 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Block
  • Roof: Flat
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 800

Basement

  • Has basement: Yes
  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Finished area below ground: 800
  • Finished area above ground: 1,768

Heating & Cooling

  • Heating features: Wall Unit,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 2,568
  • Total interior livable area: 2,568 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3385685400000
  • Zoning: RESIDENTIAL
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 15
  • Parking features: Driveway,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

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
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Heat Wave
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 $1,643$19,716
Home Insurance *$109$1,308
Property Taxes $325$3,900
Electricity $281$3,381
Total$2,358$28,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,845/yr
40% on housing$70,740/yr
45% on housing$62,880/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

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 17603$166
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
2026-02-13Listed for sale$419,900
2025-10-31Listing removed$450,000
2025-01-23Listed for sale$450,000
2023-07-14Listing removed--
2023-06-16Listed for rent$2,000
2007-05-14Sold$95,000

For Sale by Agent

AgentAda Rivera
BrokerageHome 1st Realty

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