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772 Marietta Avenue

Lancaster, PA 17603

– beds
– baths
1,844 sqft
1,742 sqft lot
$268 per sqft
1875 build

Stunningly gorgeous 2 unit property located next to the cafe and ice cream shop called *College Treats* in desirable Chestnut Hill neighborhood! This property was renovated top to bottom in 2020 and as a result is in a LERTA tax savings program through 2029! The first floor apartment is available and could be an owner occupied unit, Owner's Lancaster pad, or you have the opportunity to choose your tenant. The unit is a beautiful 1 bed, 1 bath apartment and has historically rented quickly for $1,395/month (gas heat and central air; gas and electric paid by Tenant). Apt #2 is the 2nd and 3rd floors of the property and is a 2 bed, 2 bath apartment on a new one year lease for $1,675/month (mini split systems for heat + cooling; Tenant pays electric). Both apartments offer high end finishes including granite counters, wood floors, exposed brick walls, drywall ceilings with recessed lighting, central air, dishwasher, built-in microwave, all vinyl windows & more! There is shared laundry and a shared yard. Easy, non-metered street parking readily available on Marietta, College Ave & Chestnut Streets. All mechanicals, roof, appliances and finishes are only 5 years old. Landlord pays water/sewer, trash, house electric. LERTA Tax savings: 2025: 50% discount on tax bill. Each year the discount decreases by 10% through 2029. CURRENT CAP RATE 6%. Gross Income $36,840 at the rents stated herein. Est. NOI $30,072. Income/Expense Proforma with LERTA tax savings details available. Note: The new one year lease on apartment 2 is the tenant who was in apartment one. Tenant took the larger apartment when it became available - this is a testament to the excellent location, conditions, marketability and livability of this property!

Listing courtesy of BRIGHT / PPM Real Estate, Inc.

Last checked: Checking… • Last updated Apr 6, 2025 •

MLS# PALA2065742 —

The Building

Year Built:

1875
Year Built Source:

Assessor
Year Major Reno/Remodel:

2020
New Construction:

No
Construction Materials:

Brick, Masonry
Building Levels:

3
Building Units Total:

2
Structure Type:

End of Row/Townhouse
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1844

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1844
Living Area SqFt:

1,844 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Settlement

Location

Directions:

From Harrisburg Ave, turn right onto College Ave. Travel 6 blocks south. Property is at corner of Marietta and College.
Cross Street:

College Avenue
Latitude:

40.03923537
Longitude:

-76.32051839
Location Type:

Urban

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,742 Sqft
Zoning:

R4; HIGH DENSITY
View:

City
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

114
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

335-71547-0-0000
Tax Year:

2024
Tax Annual Amount:

$6,137
Tax Assessed Value:

$155,100
Year Assessed:

2025
School Tax:

3725.0
County Tax:

451.00
City/Town Tax:

1960.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Natural Gas, Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

School District Of Lancaster
School District Source:

Listing Agent

The Community

Pool:

No Pool
Transportation:

Commuter Rail Station 1 to 5 miles, Bus Stop less than 1 mile
Cap Rate:

6.10

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
One Bedroom Units:

1
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/6/25 Apr 6, 2025	Listed / Active	BRIGHT	$495,000

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This multifamily located in Chestnut Hill, Lancaster, PA 17603 is currently for sale for $495,000. 772 Marietta Avenue is a 1,844 square foot multifamily with – beds and – baths. 772 Marietta Avenue is in the Chestnut Hill neighborhood of Lancaster and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of James Buchanan Elementary School, Wheatland Middle School, and Mccaskey Campus.

Listing Courtesy of: BRIGHT and PPM Real Estate, Inc..

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.