Just hit the market! Do not miss this opportunity! Spacious updated 2 unit Multi-Family property on the South Side in booming Lancaster City! This property has been meticulously maintained by its current owners throughout their ownership, including a full professional renovation of both apartment units down to the studs. The renovation included an all new electrical system and removal of all knob/tube wiring, new HVAC systems and Plumbing systems. The main sewer line has all been fully replaced including the underground section that goes into the street. All drywall, doors, trim, flooring, bathrooms and kitchen were professionally updated. Since the renovation the current tenants have taken great care of both apartments making this a TURN KEY investment opportunity. Heat and electricity are separate and each unit features its own natural gas furnace and electrical panel. Current long term tenants are month to month giving the new owner the opportunity in the future to live in one unit and rent the other unit out. This unique investment property also offers 3 off street parking spaces which are currently provided to the tenants. Based on recent rental comparable's in the area, rents have the potential to be increased. Schedule your showing today!
Sold for $290,000
$290,000
501 S Prince St, Lancaster, PA 17603
5beds
2baths
2,092sqft
Townhouse
Built in 1878
-- sqft lot
$321,700 Zestimate®
$139/sqft
$1,591 Estimated rent
Home value
$321,700
$290,000 - $354,000
$1,591/mo
Zestimate® history
Owner options
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$1,870/mo
Est. payment
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$1,870/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mark Will 717-735-3865,
Berkshire Hathaway HomeServices Homesale Realty,
Listing Team: Mark Will Team, Co-Listing Agent: Christian Will 717-271-9540,
Berkshire Hathaway HomeServices Homesale Realty
Bought with:
Courtney Longenecker, RS347971
Coldwell Banker Realty
Source: Bright MLS,MLS#: PALA2051704
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Dry Wall
- Flooring: Hardwood, Vinyl
- Windows: Replacement
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,092
- Total interior livable area: 2,092 sqft
Property
Parking
- Parking features: Asphalt, Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Exterior features: Balcony
- Pool features: None
Lot
- Size: 1,742 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3348961300000
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
- Roof: Architectural Shingle
Condition
- Excellent
- New construction: No
- Year built: 1878
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $74,000
- Annual tax amount: $2,928
- Date on market: 6/6/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: All Owner Owned Appliances
- Exclusions: Refrigerators In Both Units, All Window Units ( Tenant Owned)
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2024 | Sold | $290,000-3.3%$139/sqft |
Source:  Bright MLS #PALA2051704 Report a problem | ||
| 6/16/2024 | Pending sale | $299,900$143/sqft |
Source: Bright MLS #PALA2051704 Report a problem | ||
| 6/6/2024 | Listed for sale | $299,900+122.3%$143/sqft |
Source: Bright MLS #PALA2051704 Report a problem | ||
| 8/18/2008 | Listing removed | $134,900$64/sqft |
Source: Homes & Land #127199 Report a problem | ||
| 3/8/2008 | Price change | $134,900-3.6%$64/sqft |
Source: Homes & Land #127199 Report a problem | ||
| 3/5/2008 | Listed for sale | $139,900+55860%$67/sqft |
Source: Homes & Land #127199 Report a problem | ||
| 11/21/2002 | Sold | $250 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,058 +3.3% | $74,000 |
| 2025 | $2,959 +1.1% | $74,000 |
| 2024 | $2,928 +1.7% | $74,000 |
| 2023 | $2,879 +4.3% | $74,000 |
| 2022 | $2,759 | $74,000 |
| 2021 | $2,759 +1180.8% | $74,000 |
| 2020 | $215 -91.9% | $74,000 |
| 2019 | $2,659 +1134.6% | $74,000 |
| 2018 | $215 -95.2% | $74,000 -24.3% |
| 2017 | $4,488 +0.9% | $97,700 |
| 2016 | $4,447 +14.6% | $97,700 |
| 2015 | $3,881 | $97,700 |
| 2014 | $3,881 | $97,700 |
| 2013 | -- | $97,700 |
| 2012 | -- | $97,700 |
| 2011 | -- | $97,700 |
| 2010 | -- | $97,700 |
| 2009 | -- | $97,700 +26.9% |
| 2007 | -- | $77,000 |
| 2006 | -- | $77,000 |
| 2005 | -- | $77,000 +5.2% |
| 2004 | -- | $73,200 |
| 2003 | -- | $73,200 |
| 2002 | -- | $73,200 |
| 2000 | -- | $73,200 |
Find assessor info on the county website
Neighborhood: South Side
Nearby homes
- $290,0003 bd3 ba1.4k sqft503 S Prince St, Lancaster, PA 17603Pending
- $248,0003 bd3 ba1.4k sqft505 S Prince St, Lancaster, PA 17603Off Market
- $275,0003 bd-- ba3.1k sqft463 S Prince St, Lancaster, PA 17603Sold
- $1,2501 bd1 ba-- sqft463 S Prince St #A, Lancaster, PA 17603For Rent
- $1,2251 bd1 ba-- sqft463 S Prince St #B, Lancaster, PA 17603For Rent
- $223,0003 bd2 ba1.5k sqft507 S Prince St, Lancaster, PA 17603Off Market
- $210,7003 bd2 ba1.4k sqft461 S Prince St, Lancaster, PA 17603Off Market
- $264,0004 bd2 ba2.3k sqft509 S Prince St, Lancaster, PA 17603Off Market
Nearby schools
GreatSchools rating
- 4/10Price El SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Jackson Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 1.5 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
- South Side
- 501 S Prince St
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