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.
For sale
$425,000
227 E Walnut St, Lancaster, PA 17602
4beds
2baths
1,902sqft
Townhouse
Built in 1875
-- sqft lot
$408,600 Zestimate®
$223/sqft
$-- HOA
What's special
Large private backyardCentral air
- 3 days
- 379
- 21
Zillow last checked:
Listing updated:
Listed by:
Shade Foreman 717-723-7350,
PPM Real Estate, Inc. 7173943374
Source: Bright MLS,MLS#: PALA2097624
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Window Unit(s), Ceiling Fan(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,902
- Total interior livable area: 1,902 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Carport
- Carport spaces: 2
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,614 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3360943000000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone, Slab
Condition
- New construction: No
- Year built: 1875
- Major remodel year: 2013
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $223/sqft
- Tax assessed value: $139,400
- Annual tax amount: $5,927
- Date on market: 10/29/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 37080
- Income includes: Apartment Rentals
Estimated market value
$408,600
$388,000 - $429,000
$1,727/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2013 | Sold | $149,500-12%$79/sqft |
Source: Public Record Report a problem | ||
| 11/2/2013 | Listed for sale | $169,900+239.8%$89/sqft |
Source: Town and Country Realty #213928 Report a problem | ||
| 2/7/2013 | Sold | $50,000-23.7%$26/sqft |
Source: Public Record Report a problem | ||
| 1/3/2013 | Listed for sale | $65,500+469.6%$34/sqft |
Source: RE/MAX Associates of Lancaster #201348 Report a problem | ||
| 1/26/2012 | Sold | $11,500$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,760 +3.3% | $139,400 |
| 2025 | $5,575 +1.1% | $139,400 |
| 2024 | $5,516 +1.7% | $139,400 |
| 2023 | $5,423 +4.3% | $139,400 |
| 2022 | $5,197 | $139,400 |
| 2021 | $5,197 +1180.8% | $139,400 |
| 2020 | $406 -91.9% | $139,400 |
| 2019 | $5,010 +1134.6% | $139,400 |
| 2018 | $406 -89.3% | $139,400 +68.4% |
| 2017 | $3,803 +0.9% | $82,800 |
| 2016 | $3,768 +14.6% | $82,800 |
| 2015 | $3,289 | $82,800 |
| 2014 | $3,289 | $82,800 |
| 2013 | -- | $82,800 |
| 2012 | -- | $82,800 |
| 2011 | -- | $82,800 |
| 2010 | -- | $82,800 |
| 2009 | -- | $82,800 |
| 2007 | -- | $82,800 +16.6% |
| 2006 | -- | $71,000 |
| 2005 | -- | $71,000 +30% |
| 2004 | -- | $54,600 |
| 2003 | -- | $54,600 |
| 2002 | -- | $54,600 |
| 2000 | -- | $54,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Musser Park
Nearby schools
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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