365 College Avenue
Lancaster, PA 17603
- – beds
- – baths
- 3,375 sqft
- 5,227 sqft lot
- $156 per sqft
- 1905 build
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SHOWINGS STARTING THURSDAY 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
Last checked:
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Last updated Feb 24, 2025
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MLS# PALA2063562 —
The Building
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Year Built:1905
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Year Built Source:Assessor
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Roof:Rubber
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New Construction:No
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Construction Materials:Brick, Masonry
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Building Levels:3
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Building Units Total:4
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Structure Type:End of Row/Townhouse
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Architectural Style:Other
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Accessibility Features:Other
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Foundation Details:Other
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Basement:Yes
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Basement Type:Daylight, Partial
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Total SqFt Source:Estimated
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Total Below Grade SqFt:200
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Total Below Grade SqFt Source:Estimated
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Tax Total Finished SqFt:3175
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3375
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Living Area SqFt:3,375 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
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Possession:Settlement
Location
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Directions:Take the exit for Harrisburg Pike (PA-741 East) toward Lancaster. Continue on Harrisburg Pike for approximately 2 miles. Turn right onto College Avenue. Drive for about 0.5 miles; 365 College Avenue will be on your right.
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Latitude:40.04293442
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Longitude:-76.31941986
The Property
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Property Subtype:Quadruplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.12
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:5,227 Sqft
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Zoning:R3 - MEDIUM DENSITY
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View:City
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Other Structures:Above Grade, Below Grade
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Waterview: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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Land Use Code:116
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (717) 394-3374
- Office phone:
- (717) 394-3374
Taxes
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Tax ID Number:339-02141-0-0000
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Tax Year:2024
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Tax Annual Amount:$10,025
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Tax Assessed Value:$250,700
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Year Assessed:2024
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School Tax:6126.0
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County Tax:729.00
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City/Town Tax:3168.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
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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Exterior Features:Fire Escape
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Pool:No Pool
Parking
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Total Garage and Parking Spaces:3
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Garage:No
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Type of Parking:On Street, Off Street
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Off Street - # of Spaces:3
Extra Units
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Vacation Rental:No
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One Bedroom Units:2
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Two Bedroom Units:2
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).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/21/25
Feb 21, 2025
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Sold | BRIGHT | $527,000 | -3.3% |
2/1/25
Feb 1, 2025
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Pending | BRIGHT | $545,000 | |
1/28/25
Jan 28, 2025
|
Listed / Active | BRIGHT | $545,000 |