CHARIS REALTY GROUP

19 & 25 S ANN STREET

LANCASTER, PA 17602

MLS#: PALA2095166

$849,000

Status: Active
Listing number: PALA2095166
Listing provided by: Astoria Realty Advisors LLC
Listing agent phone: None
Last update: 14 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

5,151

A rare opportunity to invest in Lancaster City's thriving rental market. This offering includes two nearly adjacent, recently renovated buildings totaling 15 income-producing units — 3 self-contained apartments plus 12 licensed rooming units with shared kitchens and baths. Fully occupied and professionally managed, this turn-key asset carries all licensing already in place for its current use, positioning it in one of Lancaster's highest-demand housing segments: attainable, affordable rentals. Comprehensive 2025 renovations minimize near-term capital expenditures. Priced to reflect an 8% cap rate on realistic operating expenses (including management and maintenance), this is a stabilized, cash-flowing asset ready to add to your portfolio — available together or as two individual properties. Solid brick construction, public water/sewer, and on-site parking round out the offering. Don't miss the opportunity!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Features

    Level, Back Yard

  • Lot Size(acres)

    0.12

  • Lot Size(square feet)

    5,227

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $849,000

  • Tax Amount

    $10,537

  • Zoning

    517 Tourist/Rooming House

  • Sq. Footage

    5,151

  • Price/SqFt

    $164

HOA

  • Association

    No

School District

  • Elementary School

    BURROWES

  • Middle School

    LINCOLN M.S.

  • High School

    MCCASKEY H.S.

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

LANCASTER

Elementary School

BURROWES

Middle School

LINCOLN M.S.

High School

MCCASKEY H.S.

Listing Courtesy of Benuel Esh, Astoria Realty Advisors LLC

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Agent Kelsey Norris

Salesperson, Realtor

Kelsey Norris

Call Kelsey today to schedule a private showing.

(240) 315-5288

kelsey@charisrealty.com


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A rare opportunity to invest in Lancaster City's thriving rental market. This offering includes two nearly adjacent, recently renovated buildings totaling 15 income-producing units — 3 self-contained apartments plus 12 licensed rooming units with shared kitchens and baths. Fully occupied and professionally managed, this turn-key asset carries all licensing already in place for its current use, positioning it in one of Lancaster's highest-demand housing segments: attainable, affordable rentals. Comprehensive 2025 renovations minimize near-term capital expenditures. Priced to reflect an 8% cap rate on realistic operating expenses (including management and maintenance), this is a stabilized, cash-flowing asset ready to add to your portfolio — available together or as two individual properties. Solid brick construction, public water/sewer, and on-site parking round out the offering. Don't miss the opportunity!

19 & 25 S ANN STREET

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