Excellent opportunity to own a fully occupied and turn key 5-unit apartment building with a private parking lot offering 14 parking spaces providing additional income. Located just 4 blocks to the heart of Lancaster City! Beautifully remoodeled in 2022 and fully renovated inside and out! Laundry and individual HVAC in each unit. Utilities separated out. Bright and light throughout and well maintained. Each unit gets a parking space with 7 remaining spaces leased out for additional rental income.
For sale
$1,225,500
449 W King St, Lancaster, PA 17603
5beds
6baths
4,878sqft
Multi Family
Built in 1907
-- sqft lot
$1,135,800 Zestimate®
$251/sqft
$-- HOA
What's special
Bright and light throughout
- 44 days
- 479
- 11
Zillow last checked:
Listing updated:
Listed by:
Jenny Rule 717-808-0143,
Iron Valley Real Estate of Lancaster (717) 740-2221
Source: Bright MLS,MLS#: PALA2095078
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,878
- Total interior livable area: 4,878 sqft
Property
Parking
- Total spaces: 14
- Parking features: Private, Parking Lot
Accessibility
- Accessibility features: Accessible Doors, Doors - Lever Handle(s), Doors - Swing In
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 7,841 Square Feet
- Features: Private, Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3354496100000
- Zoning: 5 FAM DWLG
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick, Masonry
- Foundation: Block
Condition
- Excellent
- New construction: No
- Year built: 1907
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $207,600
- Annual tax amount: $8,826
- Date on market: 9/8/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Private Financing Available,Seller Financing
- Exclusions: Tenant's Personal Property
- Ownership: Fee Simple
- Total actual rent: 88740
- Income includes: Apartment Rentals, Parking
Estimated market value
$1,135,800
$1.08M - $1.19M
$1,833/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Listed for sale | $1,225,500+23.2%$251/sqft |
Source:  Bright MLS #PALA2095078 Report a problem | ||
| 2/22/2022 | Sold | $995,000+437.8%$204/sqft |
Source: Public Record Report a problem | ||
| 5/18/2020 | Sold | $185,000+49.2%$38/sqft |
Source: Public Record Report a problem | ||
| 7/2/2019 | Sold | $124,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,578 +3.3% | $207,600 |
| 2025 | $8,302 +1.1% | $207,600 |
| 2024 | $8,215 +1.7% | $207,600 |
| 2023 | $8,076 +4.3% | $207,600 |
| 2022 | $7,740 | $207,600 |
| 2021 | $7,740 +1180.8% | $207,600 |
| 2020 | $604 -91.9% | $207,600 |
| 2019 | $7,461 +1134.6% | $207,600 |
| 2018 | $604 -89% | $207,600 +73.7% |
| 2017 | $5,489 +0.9% | $119,500 |
| 2016 | $5,439 +14.6% | $119,500 |
| 2015 | $4,746 | $119,500 |
| 2014 | $4,746 | $119,500 |
| 2013 | -- | $119,500 |
| 2012 | -- | $119,500 |
| 2011 | -- | $119,500 |
| 2010 | -- | $119,500 |
| 2009 | -- | $119,500 |
| 2007 | -- | $119,500 |
| 2006 | -- | $119,500 |
| 2005 | -- | $119,500 +21.6% |
| 2004 | -- | $98,300 |
| 2003 | -- | $98,300 |
| 2002 | -- | $98,300 |
| 2000 | -- | $98,300 |
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: Chestnut Hill
Nearby schools
Schools provided by the listing agent
- Middle: Mccaskey East
- High: Mccaskey Campus
- 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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