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227 E Walnut Street Lancaster, PA $ 425,000
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227 E Walnut Street
$ 425,000
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227 E Walnut Street

Lancaster, PA, 17602
$ 425,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,935

227 E Walnut Street, Lancaster, PA 17602 - Image 1
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Multi-Family Home for sale in Lancaster, PA

for $425,000 with 4 bedrooms. This home was built in 1875 on a lot size of 0.06.

2 Unit property located one block from the new Catherine Hershey School, 2.5 blocks to LGH/Penn Medicine Hospital and a 10 minute walk to downtown Lancaster. Landlord benefits: No interior or exterior common areas except the 2 car carport. Landlord only pays for water/sewer/trash. 2 Gas furnaces, 2 hot water heaters, brand new sewer line from outside trap to house was completed in October. Roof was done just one year ago. These apartments have always leased quickly. Unit 1: Two bedroom, rented for $1,565/mo. through 2/28/27 - Large private backyard, 1 carport parking space, central air, dishwasher, private laundry and storage space in basement. Unit 2: Two bedroom plus bonus room on 3rd floor, rented for $1,525/mo. through 1/31/27 - 1 carport parking space, private laundry, sunroom, large closet in primary bedroom. Tenants pay gas and electric. Gross Income $37,080. Taxes, Insurance, w/s/t, rental license $9,433 = NOI $27,647. Photos are from the previous apartment listings. Seller is a licensed PA Broker at PPM Real Estate.

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Multi-Family Active

Price

$ 425,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 5,927

Style

Traditional

Lot Size

0.06

Year Built

1875

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2097624
Features
General
Living Area 1902
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C Window Unit(s) Ceiling Fan(s)
Possession Subject to Existing Lease
Zoning R3
Architectural Style Traditional
Construction Materials Brick
School District SCHOOL DISTRICT OF LANCASTER
Year Built 1875
Property Subtype Duplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality LANCASTER CITY
Accessibility None
County LANCASTER
Net Operating Income 27647.00
Operating Expense 9433.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From Route 30 take Walnut Street Exit travel west property will be on the right between Shippen and Duke Streets
City LANCASTER
Number Of Units Total 2
MLS Area Lancaster City (10533)
Lot Size Units Square Feet
Lot Size Square Feet 2614.00
Number of Units Leased 2
Tax Annual Amount 5927.0
Two Bedroom 2
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 223.45
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Total Actual Rent 37080.00
Cap Rate 7.00
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Interior
Heating Fuel Natural Gas
Basement Unfinished
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Type of Parking Detached Carport
Foundation Details Stone Slab
Water View Y/N N
Lot Size Acres 0.06
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 29900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 227
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* Excluded Features
List By
Ppm Real Estate, Inc.

Broker

shade@ppmproperties.com

Email

Affordability Calculator

$3,429
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,935
Monthly Property Taxes
$494
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3535657 Elementary School
3534803 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/27/2026$425,000 Listed Price

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227 E Walnut Street, Lancaster, PA, 17602 is a Multi-Family Home for sale at $425,000 with a lot size of 0.06. 227 E Walnut Street has 4 bedrooms, 0.0 baths, and was built in 1875. The property's zip code is 17602 which is in Lancaster, PA

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