Property
Beds
6
Full Baths
4
1/2 Baths
None
Year Built
1890
Sq.Footage
3,513
Live in one apartment, and let the others help pay your mortgage! This 4-unit property in Lancaster’s highly desirable Chestnut Hill neighborhood offers a rare opportunity for an owner-occupant to step into real estate investing while enjoying a spacious, character-filled home. With FHA and VA financing options available, this is an accessible path to building wealth through real estate. The first-floor apartment spans the entire first level and lives like a single-family home. It offers multiple bonus rooms and flexible living space—ideal for a home office, guest rooms, or extended living. For those needing single floor living, this can work beautifully. The apartments provide immediate rental income, with a strong tenant base in place. Two apartments feature month to month leases and the others under a year, offering flexibility for a buyer who may want to reconfigure or increase rents over time. Current rents bring in $5,290 per month. Each apartment has its own unique character, with a mix of modern updates and historic charm, along with a dedicated outdoor deck or balcony for each apartment. All apartments are spacious, with layouts that lend to convenience and living well. A fourth floor storage area offers additional upside, whether as an additional bedroom for apartment 3, or an additional studio apartment. The property also features spacious yard space with mature, thoughtfully designed landscaping. Major improvements have already been handled, including roof work, mechanical updates, brick repointing, and interior improvements—reducing near-term capital expense for the next owner. Located on a quiet, tree-lined street just a short walk to downtown Lancaster, you’re near Franklin & Marshall College, Fulton Theatre, and a thriving mix of restaurants, cafes, and art galleries. Whether you're looking to reduce your cost of living or take a serious step into real estate investing, this property offers flexibility, stability, and long-term upside in one of Lancaster’s most sought-after neighborhoods. Don't miss the opportunity!
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
6
-
Bathrooms
4
-
Above Grade Finished Area
3513.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Hot Water, Forced Air, Radiant
-
Main Level Bedrooms
2
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Balcony, Lighting, Rain Gutters
-
Parking
On Street, Unassigned
-
Patio and Porch Features
Patio, Porch
-
Pool
No
-
Waterfront YN
NO
-
View
City, Trees/Woods
Area & Lot
-
Lot Features
Level, Private, Back Yard
-
Lot Size(acres)
0.13
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Victorian
Price
-
Sales Price
$729,000
-
Tax Amount
$10,396
-
Sq. Footage
3, 513
-
Price/SqFt
$207
HOA
-
Association
No
School District
-
Elementary School
FULTON E.S.
-
Middle School
JOHN F REYNOLDS
-
High School
MCCASKEY CAMPUS
Property Features
-
Stories
3
-
New Construction
NO
-
Association Amenities
Playground
-
Foundation Details
Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LANCASTER
Elementary School
FULTON E.S.
Middle School
JOHN F REYNOLDS
High School
MCCASKEY CAMPUS
Listing Courtesy of Benuel Esh , Astoria Realty Advisors LLC
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