225 231 E King Street
Lancaster, PA 17602
- – beds
- – baths
- 13,450 sqft
- ~1/2 acre lot
- $161 per sqft
- 1870 build
What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site. Assessment values, tax values, building/lot area are combined totals based off of public records.
Listing courtesy of BRIGHT / Keller Williams Elite
Last checked:
Checking…
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Last updated Nov 16, 2024
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MLS# PALA2059654 —
The Building
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Year Built:1870
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick, Stone
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Structure Type:Twin/Semi-Detached
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Architectural Style:Converted Dwelling
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Building Units Total:4
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Roof:Shingle, Rubber
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Accessibility Features:None
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Foundation Details:Stone
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Total SqFt Source:Estimated
Interior
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Flooring Type:Hardwood, Luxury Vinyl Plank, Tile/Brick, Laminated
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Wall & Ceilings:Dry Wall, Masonry, Plaster Walls
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:13450
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Living Area SqFt:13,450 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Bank Portfolio, Conventional, Exchange
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Possession:Settlement
Location
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Directions:N on Queen, R on King, Travel 2 blocks, Properties will be on the left.
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Cross Street:N Jefferson
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Latitude:40.03870253
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Longitude:-76.30012695
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.41
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Lot Size Source:Estimated
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Lot SqFt:17,859 Sqft
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Inclusions:In unit w/d units, coin operated laundry units, furnishings in 225 E King St convey with the sale
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Zoning Description:Apartments
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Zoning:RESIDENTIAL/COMMERCIAL
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (717) 208-0253
- Office phone:
- (717) 553-2500
Taxes
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Tax ID Number:332-39529-0-0000
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Tax Year:2024
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Tax Annual Amount:$29,191
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Tax Assessed Value:$745,900
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Year Assessed:2024
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School Tax:17962.0
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County Tax:1847.00
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City/Town Tax:9652.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiant, Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:School District Of Lancaster
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:8.40
Parking
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Total Garage and Parking Spaces:29
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Garage:No
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Type of Parking:Parking Lot
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Parking Lot - # of Spaces:29
Extra Units
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# of Units:8
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Vacation Rental:No
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Units Furnished:Some
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Single Room Units:2
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One Bedroom Units:9
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Two Bedroom Units:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/16/24
Nov 16, 2024
|
Pending | BRIGHT | $2,175,000 | |
10/30/24
Oct 30, 2024
|
Listed / Active | BRIGHT | $2,175,000 |