CHARIS REALTY GROUP

Traditional

514 W ORANGE STREET

LANCASTER , PA 17603

MLS#: PALA2075690

$457,000

Status: Active
Listing number: PALA2075690
Listing provided by: RE/MAX SmartHub Realty
Listing agent phone: None
Last update: 27 days ago
On site: 6 months ago
Browse Properties
Main image without alt text

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

2,604

Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2604.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Baseboard, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, On Street, Gravel

  • Patio and Porch Features

    Patio

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $457,000

  • Tax Amount

    $7,721

  • Sq. Footage

    2, 604

  • Price/SqFt

    $175

HOA

  • Association

    No

School District

  • Elementary School

    ROBERT FULTON

  • Middle School

    JOHN F REYNOLDS

  • High School

    MCCASKEY H.S.

Property Features

  • Stories

    3

  • Foundation Details

    Permanent, Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

LANCASTER

Elementary School

ROBERT FULTON

Middle School

JOHN F REYNOLDS

High School

MCCASKEY H.S.

Listing Courtesy of Jeremy Ganse , RE/MAX SmartHub Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Lizzy Isenberg

AGENT

Lizzy Isenberg

Call Lizzy today to schedule a private showing.

(814) 937-8644

lizzy@charisrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Unlock the potential of cash flow with this Exceptional Triplex located in the heart of Lancaster, PA! This multi-family residential property offers a unique opportunity for investors looking to expand their portfolio or enter the rental market. Property Highlights: Three Separate Units : Each unit is designed for optimal living space, providing tenants with comfort and privacy. Strong Rental History : This property has a proven track record of consistent rental income, making it a reliable investment choice. Prime Location : Situated in a vibrant West End neighborhood, residents will enjoy easy access to local amenities, public transportation, and the rich culture of Lancaster City. Cash Flow Potential : With the ability to generate significant monthly income, this triplex is perfect for investors seeking to maximize their return on investment. Off Street Parking : Currently 3 of 4 parking spots are leased for $30/month/spot generating additional recurring revenue. Opportunity for Value-Add : With some updates and renovations, you can increase rental rates and enhance property value.

514 W ORANGE STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Fully occupied 3‑unit on a prominent corner lot at Ruby St and 1st St in Lancaster’s desirable West End, a highly walkable neighborhood with tree‑lined streets and classic brick homes. Traditional brick façade with welcoming front porch offers strong curb appeal at this visible corner. The building features one 2 BR/1 BA unit and two 1 BR/1 BA units, all with consistent occupancy, and current below‑market rents provide a clear value‑add opportunity through interior updates and rent repositioning over time. See Documents for Rent Roll. Group tour scheduled for Monday, March 30, from 3-4:30 pm. No calls/texts please. Email Listing Agent for information and to register for tour. Individual tours not accepted at this time.
#PALA2084212

LANCASTER

102 RUBY STREET

4 Beds

None Baths

2,379 Sq.Ft.

$374,900

MLS#: PALA2084212

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 leased to a tenant for $1,350/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 6.3%. Gross Income $36,300 at the rents stated herein. Est. NOI $29,532. 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!
#PALA2065742

LANCASTER

772 MARIETTA AVENUE

3 Beds

None Baths

1,844 Sq.Ft.

$469,999

MLS#: PALA2065742

Excellent investment opportunity in a prime Lancaster location! This fully rented triplex is ideally situated just moments from Lancaster General Hospital, making it highly attractive to tenants seeking convenience and accessibility. The property features a well-balanced unit mix, including one 1-bedroom unit, one 2-bedroom unit, and one spacious 3-bedroom unit—appealing to a wide range of renters. All units are currently occupied, providing immediate and steady rental income for the next owner. Recent improvements include a brand-new roof and a new hot water heater, offering peace of mind and reduced maintenance costs. With strong rental demand in the area and a solid income stream already in place, this is a turnkey addition to any investment portfolio. Don’t miss your chance to own a low-maintenance, income-producing property in one of Lancaster’s most desirable rental locations!
#PALA2083704

LANCASTER

621 N LIME STREET

6 Beds

None Baths

2,307 Sq.Ft.

$450,000

MLS#: PALA2083704

Fully occupied 4‑unit on Lancaster’s West Side, steps from F&M College, Buchanan Park and popular LUCA Italian Kitchen. All four units are 1 BR/1 BA with a strong history of consistent occupancy, providing immediate in‑place income. Current rents are below market, offering a clear value‑add opportunity through strategic upgrades and rent increases over time. Classic Victorian brick architecture, covered front porch, and a highly walkable Chestnut Hill location support long‑term tenant demand and future appreciation. See Documents for Rent Roll. Group tour scheduled for Monday, March 30th, 1 - 2:30 pm. No calls/texts please. Email Listing Agent for information and to register for tour. Individual tours not accepted at this time.
#PALA2084220

LANCASTER

526 W JAMES STREET

4 Beds

None Baths

2,061 Sq.Ft.

$499,900

MLS#: PALA2084220

Welcome to 464 S Ann St. Located in the heart of Lancaster City, PA It is within walking distance to downtown amenities, restaurants, shops, and public transit. This duplex is situated in one of Lancaster’s vibrant urban neighborhoods. A fantastic opportunity for investors or owner-occupants looking for a turnkey income-producing property. Each unit offers private living spaces with separate entrances, utilities, and climate control, providing maximum rental flexibility and tenant privacy. Property Sold-As-Is - Duplex Multi-Family
#PALA2083582

LANCASTER

464 S ANN STREET

5 Beds

None Baths

1,596 Sq.Ft.

$375,000

MLS#: PALA2083582

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service