135- 137 College Avenue Lancaster, PA ^$ 1,390,000

135- 137 College Avenue

^$ 1,390,000

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135- 137 College Avenue

Lancaster, PA, 17603

^$ 1,390,000

Bedrooms-- Baths-- Sq 4,356

Monthly Estimate*

^$ 8,558

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Commercial Property for sale in Lancaster, PA

for $1,390,000. This 4,356 square foot building was built in 1890 on a lot size of 0.1.

Historic three-story downtown investment property full of charm and character, featuring 10 apartments in a prime location within walking distance to Franklin & Marshall College. This well-maintained building showcases original hardwood floors, timeless architectural details, and the classic appeal of a solidly built historic structure. Owner-managed for over 20 years, the property offers gas heat, separate electric meters for each unit, and on-site coin-op laundry. One vacant unit is currently being renovated, creating immediate upside potential. Low operating expenses contribute to a strong return, making this a rare opportunity to own a stable multifamily asset with solid income and enduring character in the heart of downtown.

Commercial Contingent

Price

^$ 1,390,000

Property Type

Commercial

Taxes

^$ 12,214

Style

Apartment Building

Lot Size

0.1

Year Built

1890

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2087588

Features

Interior

Heating Fuel Natural Gas

Flooring Hardwood Vinyl

Hot Water Natural Gas

Total Stories 3

Heating Y/N Y

Central Air Y/N N

Total Restrooms 10

General

Sewer Public Sewer

Heating Radiator

Cooling Ceiling Fan(s) Window Unit(s)

Possession Immediate 0-30 Days CD 31-60 Days CD

Roof Rubber

Zoning MULTI- FAMILY

Construction Materials Brick

Year Built 1890

View City Street

Property Subtype Five Or More Units

Tax Year 2025

Ownership Fee Simple

Cool Fuel None

Municipality LANCASTER CITY

Gross Income 142740.00

Business Type Apartment Building

Accessibility 2+ Access Exits

County LANCASTER

Net Operating Income 109501.00

Operating Expense 33239.00

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE UNDER CONTRACT

Directions Refer to GPS.

City LANCASTER

Number Of Units Total 10

MLS Area Lancaster City (10533)

Lot Size Units Square Feet

Lot Size Square Feet 4356.00

Tax Annual Amount 12214.0

Acceptable Financing Cash Conventional Other

Vacation Rental Y/N N

Location Type Downtown

Standard Status Active Under Contract

Year Built Source Assessor

Cap Rate 7.80

Exterior

Water Source Public

Inclusions Coin Op Washer& Dryer; Appliances in each unit.

Type of Parking On Street

Water View Y/N N

Building Area Total 0.00

Lot Dimensions 0.00 x 0.00

Lot Size Acres 0.10

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 40500.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 135

* Excluded Features

List By

Coldwell Banker Realty

Broker

paula@huyardteam.com

Affordability Calculator

$9,576

Per Month

Monthly Principal & Interest: $8,558
Monthly Property Taxes: $1,018
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lancaster, PA

Average List Price ^$1,169,459

Percent of Sale Price 16%

About Lancaster, PA

61,016 Population

8% Since 2002

^$37,817 Median Income

34.09 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/5/2026	$1,390,000		Listed Price

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135- 137 College Avenue, Lancaster, PA, 17603 is a Commercial Property for sale at $1,390,000 with 4,356 sqft and a lot size of 0.1. 135- 137 College Avenue was built in 1890. The property's zip code is 17603 which is in Lancaster, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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135- 137 College Avenue

Commercial Property for sale in Lancaster, PA

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