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31 N Broad Street Lancaster, PA $ 265,000
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$ 265,000 Get more info
31 N Broad Street
$ 265,000
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31 N Broad Street

Lancaster, PA, 17602
$ 265,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 1,673

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Multi-Family Home for sale in Lancaster, PA

for $265,000 with 4 bedrooms. This home was built in 1900 on a lot size of 0.04.

Welcome to this charming 1900-built Colonial-style duplex located in Lancaster City. This two-unit multi-family property offers approximately 2,048 square feet of living space with a total of 4 bedrooms and 2 bathrooms across both units. Recently passing the Lancaster City lead-based paint inspection, this property provides added peace of mind and helps meet important local compliance standards. Whether youre looking to expand your investment portfolio or begin your journey as a landlord, this property presents a great opportunity. Gross Monthly Rent: $850 (1BR) + $1,150 (3BR) = $2,000 Gross Annual Rent: $24,000 Owner Pays: Water, sewer, trash (W/S/T) a common setup that keeps tenants happy but adds to owner expenses (estimate $200400/month depending on usage). Gross Rent Multiplier (GRM): 11.04 ($265k / $24k) reasonable for a stabilized older duplex in the area. Taxes: $4,996/year (2022 assessment; recent figures may be similar or slightly higher). Cap Rate Estimate (rough, before other expenses): Around 68% gross, depending on maintenance, insurance, vacancy, and management. Long-term tenants are a big plus for stability.

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Multi-Family Active

Price

$ 265,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 4,996

Style

Colonial

Lot Size

0.04

Year Built

1900

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2091636
Features
General
Living Area 2048
Sewer Public Sewer
Heating Hot Water Radiator
Cooling None
Utilities Cable TV Available Natural Gas Available Electric Available Phone Available Sewer Available Water Available
Possession Subject to Existing Lease Settlement
Roof Rubber
Appliances Oven/Range - Electric Oven/Range - Gas
Zoning RESIDENTIAL
Architectural Style Colonial
Construction Materials Brick Masonry
School District SCHOOL DISTRICT OF LANCASTER
Exclusions Tenants personal property
Year Built 1900
Electric 100 Amp Service
View Park/Greenbelt City
Property Subtype Duplex
Tax Year 2022
Ownership Fee Simple
Cool Fuel None
Municipality LANCASTER CITY
Accessibility None
County LANCASTER
New Construction N
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 9
Status ACTIVE
Directions Take King Street west out of downtown Lancaster. Turn left on to Broad Street. Property will be on the right
City LANCASTER
Number Of Units Total 2
MLS Area Lancaster City (10533)
Lot Size Units Square Feet
Lot Size Square Feet 1742.00
Number of Units Leased 2
Tax Annual Amount 4996.0
Home Warranty Y/N N
Trash Expense 272.00
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 129.39
Acceptable Financing Cash Conventional
Historic Y/N N
Vacation Rental Y/N N
Location Type Middle Of Block
Standard Status Active
Year Built Source Assessor
Association Recreation Fee N
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Interior
Interior Amenities Kitchen - Eat-In
Heating Fuel Electric Natural Gas
Basement Rear Entrance
Flooring Carpet Vinyl Tile/Brick
Hot Water Electric Natural Gas
Total Stories 3
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Exterior Amenities Sidewalks Street Lights
Pool No Pool
Lot Features Front Yard Level Rear Yard
Water Source Public
Inclusions 2 Refrigerators 2 Stoves
Type of Parking On Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.04
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Soil Types Clay
Road Responsibility City/County
Land Assessed Value 23700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 31
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* Excluded Features
List By
Re/Max Evolved

Broker

john@thezunnerteam.com

Email

Affordability Calculator

$2,090
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,673
Monthly Property Taxes
$416
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/9/2026$265,000 Listed Price

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31 N Broad Street, Lancaster, PA, 17602 is a Multi-Family Home for sale at $265,000 with a lot size of 0.04. 31 N Broad Street has 4 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 17602 which is in Lancaster, PA

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