Super duper updated and clean 3 Unit Multi-Family investment building w/ 2 Off Street Parking Spaces w/ excellent cash flow and great tenants in place. Conveniently located one block from Penn Medicine LGH hospital, restaurants, and all conveniences, at the 500 block in the northwest quadrant in Lancaster City. Unit 1 is a 1st floor, 2 bedroom, 1 full bathroom, 6 room spacious apartment bringing $1250 / mo. Unit 2 is a 2nd floor, 1 bedroom, 1 full bathroom, 4 room spacious apartment bringing $1200 / mo. Unit 3 is a 2nd & 3rd floor, 2 bedroom 1 full bathroom 5 room spacious apartment bringing $1250 / mo. 2 Off Street Parking Spots could being additional $50 / mo each for $100 / mo. The building has many important and great upgrades such as replacement double hung windows, laminated vinyl flooring, new paint throughout, 2 new kitchens, stainless steel appliances in unit 2 & 3, new baseboards, new main sewer line and sidewalk. Newly constructed fire escape system. Gas and electric are metered separate and paid by the tenants. Don't delay call and schedule an appointment today!
Sold for $440,000
$440,000
506 N Queen St, Lancaster, PA 17603
5beds
3baths
2,553sqft
Townhouse
Built in 1885
-- sqft lot
$441,900 Zestimate®
$172/sqft
$1,740 Estimated rent
Home value
$441,900
$420,000 - $464,000
$1,740/mo
Zestimate® history
Owner options
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$2,808/mo
Est. payment
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$2,808/mo
Est. payment
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List your homeWhat's special
New baseboardsReplacement double hung windowsNew paint throughoutLaminated vinyl flooring
Zillow last checked:
Listing updated:
Listed by:
Petros Theodore 717-517-6439,
Coldwell Banker Realty,
Listing Team: Englert Hostetter Team, Co-Listing Team: Englert Hostetter Team,Co-Listing Agent: James Englert Jr 717-278-2716,
Coldwell Banker Realty
Bought with:
Diana McCready, RS378625
Howard Hanna Real Estate Services - Lancaster
Source: Bright MLS,MLS#: PALA2077620
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Natural Gas, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Stainless Steel Appliance(s), Oven/Range - Gas, Refrigerator, Gas Water Heater
Features
- Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Eat-in Kitchen, Kitchen - Table Space
- Flooring: Ceramic Tile, Laminate
- Windows: Double Hung, Double Pane Windows, Screens
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,553
- Total interior livable area: 2,553 sqft
Property
Parking
- Total spaces: 2
- Parking features: Crushed Stone, Gravel, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Sidewalks, Street Lights
- Pool features: None
- Frontage length: Road Frontage: 18
Lot
- Size: 1,742 sqft
- Features: Level
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3393353100000
- Zoning: LANC. CITY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Townhouse
Materials
- Stone, Rough-In Plumbing, Masonry, Stick Built, CPVC/PVC, Concrete, Brick Veneer
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available, Natural Gas Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Main Entrance Lock, Fire Escape
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
HOA & financial
Other financial information
- Total actual rent: 44400
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,Bank Portfolio,1031 Exchange,Installment Sale,Lease Purchase,Seller Financing
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Sold | $440,000-2.2%$172/sqft |
Source:  Bright MLS #PALA2077620 Report a problem | ||
| 4/20/2026 | Pending sale | $449,900$176/sqft |
Source: Bright MLS #PALA2077620 Report a problem | ||
| 4/9/2026 | Contingent | $449,900$176/sqft |
Source: Bright MLS #PALA2077620 Report a problem | ||
| 4/2/2026 | Listed for sale | $449,900+141.9%$176/sqft |
Source: Bright MLS #PALA2077620 Report a problem | ||
| 3/3/2010 | Sold | $186,000+186.2%$73/sqft |
Source: Public Record Report a problem | ||
| 3/28/2006 | Sold | $65,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,279 +1.1% | $132,000 |
| 2024 | $5,223 +1.7% | $132,000 |
| 2023 | $5,135 +4.3% | $132,000 |
| 2022 | $4,922 | $132,000 |
| 2021 | $4,922 +1180.8% | $132,000 |
| 2020 | $384 -91.9% | $132,000 |
| 2019 | $4,744 +1134.6% | $132,000 |
| 2018 | $384 -88.5% | $132,000 +81.3% |
| 2017 | $3,344 +0.9% | $72,800 |
| 2016 | $3,313 +14.6% | $72,800 |
| 2015 | $2,892 | $72,800 |
| 2014 | $2,892 | $72,800 |
| 2013 | -- | $72,800 |
| 2012 | -- | $72,800 |
| 2011 | -- | $72,800 |
| 2010 | -- | $72,800 |
| 2009 | -- | $72,800 |
| 2007 | -- | $72,800 |
| 2006 | -- | $72,800 |
| 2005 | -- | $72,800 +10.5% |
| 2004 | -- | $65,900 |
| 2003 | -- | $65,900 |
| 2002 | -- | $65,900 |
| 2000 | -- | $65,900 |
Find assessor info on the county website
Neighborhood: Ross
Nearby schools
GreatSchools rating
- 5/10Ross El SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Reynolds Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- 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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$441,900
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- Pennsylvania
- Lancaster County
- Lancaster
- 17603
- Ross
- 506 N Queen St
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