SHOWINGS STARTING THURSDAY 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
Sold for $527,000
$527,000
365 College Ave, Lancaster, PA 17603
6beds
--baths
3,375sqft
Townhouse
Built in 1905
-- sqft lot
$563,700 Zestimate®
$156/sqft
$1,669 Estimated rent
Home value
$563,700
$524,000 - $603,000
$1,669/mo
Zestimate® history
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List your homeWhat's special
Off-street parkingNewer roofCorner lotPrivate entrance
Zillow last checked:
Listing updated:
Listed by:
Corinn Kirchner 717-394-3374,
PPM Real Estate, Inc.,
Co-Listing Agent: Alexandra Ebert 717-394-3374,
PPM Real Estate, Inc.
Bought with:
Alan Cherkin, RM051905A
Alan H. Cherkin Real Estate
Source: Bright MLS,MLS#: PALA2063562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 200
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 3,375
- Total interior livable area: 3,375 sqft
Property
Parking
- Total spaces: 3
- Parking features: On Street, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 5,227 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3390214100000
- Zoning: R3 - MEDIUM DENSITY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick, Masonry
- Foundation: Other
- Roof: Rubber
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2025 | Sold | $527,000-3.3%$156/sqft |
Source:  Bright MLS #PALA2063562 Report a problem | ||
| 2/1/2025 | Pending sale | $545,000$161/sqft |
Source: Bright MLS #PALA2063562 Report a problem | ||
| 1/28/2025 | Listed for sale | $545,000+32.9%$161/sqft |
Source: Bright MLS #PALA2063562 Report a problem | ||
| 6/2/2021 | Sold | $410,000$121/sqft |
Source: Public Record Report a problem | ||
| 4/12/2021 | Pending sale | $410,000+2.5%$121/sqft |
Source: Bright MLS #PALA179820 Report a problem | ||
| 4/7/2021 | Listed for sale | $399,900+90.4%$118/sqft |
Source: Bright MLS #PALA179820 Report a problem | ||
| 12/5/2019 | Listing removed | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 12/3/2019 | Listed for rent | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 6/26/2013 | Sold | $210,000-2.3%$62/sqft |
Source: Public Record Report a problem | ||
| 12/6/2005 | Sold | $215,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,025 +1.1% | $250,700 |
| 2024 | $9,920 +1.7% | $250,700 |
| 2023 | $9,753 +4.3% | $250,700 |
| 2022 | $9,347 | $250,700 |
| 2021 | $9,347 +1180.8% | $250,700 |
| 2020 | $730 -91.9% | $250,700 |
| 2019 | $9,010 +1134.6% | $250,700 |
| 2018 | $730 -88.6% | $250,700 +79.2% |
| 2017 | $6,426 +0.9% | $139,900 |
| 2016 | $6,367 +24.1% | $139,900 |
| 2015 | $5,129 | $139,900 |
| 2014 | $5,129 | $139,900 |
| 2013 | -- | $139,900 |
| 2012 | -- | $139,900 |
| 2011 | -- | $139,900 |
| 2010 | -- | $139,900 |
| 2009 | -- | $139,900 |
| 2007 | -- | $139,900 |
| 2006 | -- | $139,900 |
| 2005 | -- | $139,900 +0.8% |
| 2004 | -- | $138,800 |
| 2003 | -- | $138,800 |
| 2002 | -- | $138,800 |
| 2000 | -- | $138,800 |
Find assessor info on the county website
Neighborhood: Chestnut Hill
Nearby schools
GreatSchools rating
- 4/10Thomas Wharton El SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Reynolds Middle SchoolGrades: 6-8Distance: 0.1 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 1.6 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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- Pennsylvania
- Lancaster County
- Lancaster
- 17603
- Chestnut Hill
- 365 College Ave
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