What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site. Assessment values, tax values, building/lot area are combined totals based off of public records.
Sold for $2,125,000
$2,125,000
225-231 E King St, Lancaster, PA 17602
21beds
--baths
13,450sqft
Multi Family
Built in 1870
-- sqft lot
$2,270,800 Zestimate®
$158/sqft
$1,437 Estimated rent
Home value
$2,270,800
$2.11M - $2.43M
$1,437/mo
Zestimate® history
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$1,437/mo
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$13,488/mo
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Zillow last checked:
Listing updated:
Listed by:
Matthew Koch 717-788-8347,
Keller Williams Elite,
Listing Team: Koch Garpstas Realty Group, Co-Listing Team: Koch Garpstas Realty Group,Co-Listing Agent: David Garpstas 717-208-0253,
Keller Williams Elite
Bought with:
John Stoltzfus, RM425371
Stoltzfus Realty
Source: Bright MLS,MLS#: PALA2059654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
Heating
- Radiant, Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Dry Wall, Plaster Walls
- Flooring: Hardwood, Luxury Vinyl, Tile/Brick, Laminate
- Has fireplace: No
Interior area
- Total structure area: 13,450
- Total interior livable area: 13,450 sqft
Property
Parking
- Total spaces: 29
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.41 Acres
Details
- Additional structures: Above Grade
- Parcel number: 3323952900000
- Zoning: RESIDENTIAL/COMMERCIAL
- Zoning description: Apartments
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Stone, Masonry
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $745,900
- Annual tax amount: $29,191
- Date on market: 10/30/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Bank Portfolio,Conventional,1031 Exchange
- Inclusions: In Unit W / D Units, Coin Operated Laundry Units, Furnishings In 225 E King St Convey With The Sale
- Ownership: Fee Simple
- Total actual rent: 250680
- Income includes: Apartment Rentals
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2025 | Sold | $2,125,000-2.3%$158/sqft |
Source:  Bright MLS #PALA2059654 Report a problem | ||
| 2/3/2025 | Pending sale | $2,175,000$162/sqft |
Source: Bright MLS #PALA2059654 Report a problem | ||
| 11/16/2024 | Pending sale | $2,175,000$162/sqft |
Source: Bright MLS #PALA2059654 Report a problem | ||
| 10/30/2024 | Listed for sale | $2,175,000$162/sqft |
Source: Bright MLS #PALA2059654 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Musser Park
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Nearby schools
GreatSchools rating
- 7/10Wickersham El SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Lincoln Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: School District Of Lancaster
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$2,270,800
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$2,316,216
- Pennsylvania
- Lancaster County
- Lancaster
- 17602
- Musser Park
- 225-231 E King St
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