INVESTMENT OPPORTUNITY! Welcome to 421 College Ave - a fully rented multi-unit townhome. Rentals on Lancaster's West side are a rare to find and highly sought after. The building has 3 apartments and a detached 2-car garage. With its prime location overlooking the North Museum, it is next to the F&M Campus, West Art, College Row, Amtrak, multiple restaurants and downtown's vital cultural scene. Unit 1 is a 2-bedroom, 1 bath apartment with use of the basement for storage and laundry. It also has use of the redone front porch. The tenants are currently also renting the garage. Unit 2 is a 1-bedroom, 1 bath apartment with in-unit laundry and a back porch. Unit 3 is a 1-bedroom, 1 bath apartment with a back porch with amazing views! All tenants have use of the back yard. All tenants would like to stay - you don't have to worry about vacancy income gap or finding tenants! The main roof was replaced in 2015, electric was upgraded (electric panel in each unit), and a some new windows! Each unit has its own electric meter and gas (cooking) meter. Owner pays for heat, hot water, water, sewer, and trash. Limited showings due to tenant schedules. Open House on Sunday, 2/18, from 1-3pm.
Sold for $472,625
$472,625
421 College Ave, Lancaster, PA 17603
4beds
3baths
2,332sqft
Townhouse
Built in 1900
-- sqft lot
$514,500 Zestimate®
$203/sqft
$1,699 Estimated rent
Home value
$514,500
$484,000 - $551,000
$1,699/mo
Zestimate® history
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List your homeWhat's special
Back porchWest artMultiple restaurantsElectric panel
Zillow last checked:
Listing updated:
Listed by:
Justine Dennis McPhee 717-690-4101,
Keller Williams Elite,
Co-Listing Team: The Meier-Mcphee Team, Co-Listing Agent: Gina M Meier 717-413-3488,
Keller Williams Elite
Bought with:
Tom Toole III, RS228901
RE/MAX Main Line-West Chester
Stacey Mitchell, RS353195
RE/MAX Main Line-West Chester
Source: Bright MLS,MLS#: PALA2046430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None, Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full,Unfinished,Exterior Entry,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,332
- Total interior livable area: 2,332 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear, Garage Door Opener, On Street, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 2,178 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3390758600000
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick, Masonry
- Foundation: Stone, Brick/Mortar
- Roof: Architectural Shingle,Rubber
Condition
- Good
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Lancaster
- Subdivision: F&m District
- Municipality: LANCASTER CITY
HOA & financial
Other financial information
- Total actual rent: 44364
Other
Other facts
- Listing agreement: Exclusive Agency
- Income includes: Apartment Rentals
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2024 | Sold | $472,625+1.6%$203/sqft |
Source:  Bright MLS #PALA2046430 Report a problem | ||
| 2/20/2024 | Pending sale | $465,000$199/sqft |
Source: Bright MLS #PALA2046430 Report a problem | ||
| 2/14/2024 | Price change | $465,000-1.1%$199/sqft |
Source: Bright MLS #PALA2046430 Report a problem | ||
| 2/7/2024 | Listed for sale | $469,999+326.1%$202/sqft |
Source: Bright MLS #PALA2046430 Report a problem | ||
| 5/5/1999 | Sold | $110,300$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,218 +1.1% | $180,500 |
| 2024 | $7,142 +1.7% | $180,500 |
| 2023 | $7,022 +4.3% | $180,500 |
| 2022 | $6,730 | $180,500 |
| 2021 | $6,730 +1180.8% | $180,500 |
| 2020 | $525 -91.9% | $180,500 |
| 2019 | $6,487 +1134.6% | $180,500 |
| 2018 | $525 -89.8% | $180,500 +60.9% |
| 2017 | $5,154 +0.9% | $112,200 |
| 2016 | $5,106 +14.6% | $112,200 |
| 2015 | $4,457 | $112,200 |
| 2014 | $4,457 | $112,200 |
| 2013 | -- | $112,200 |
| 2012 | -- | $112,200 |
| 2011 | -- | $112,200 |
| 2010 | -- | $112,200 |
| 2009 | -- | $112,200 |
| 2007 | -- | $112,200 |
| 2006 | -- | $112,200 |
| 2005 | -- | $112,200 -1.1% |
| 2004 | -- | $113,400 |
| 2003 | -- | $113,400 |
| 2002 | -- | $113,400 |
| 2000 | -- | $113,400 |
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
- 421 College Ave
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