Welcome to 507 W Walnut Street, a beautifully renovated duplex nestled in the heart of Lancaster City. This property offers an exceptional opportunity for both investors and homeowners alike. Enjoy the benefits of modern living with recent renovations that enhance both units, ensuring a fresh and contemporary feel throughout. Thoughtfully designed to be low maintenance, giving you peace of mind and reducing upkeep costs. The first unit is home to a reliable long-term tenant who has just signed a new year-long lease, providing immediate and consistent rental income. The second unit, featuring 2 spacious bedrooms, is ready to rent right away. Move in new tenants and start generating income without delay. Just a stone's throw away from the bus and train stations, this location is perfect for tenants looking for easy access to transportation and the vibrant amenities of Lancaster City. Whether you're an investor seeking a profitable rental property or a homeowner looking to offset your mortgage with rental income, 507 W Walnut Street is the perfect choice. Don't miss out on this fantastic opportunity to own a piece of Lancaster City's thriving real estate market. Schedule your showing today and step into a promising future with this amazing duplex!
Sold for $340,000
$340,000
507 W Walnut St, Lancaster, PA 17603
3beds
2baths
2,070sqft
Townhouse
Built in 1900
-- sqft lot
$395,800 Zestimate®
$164/sqft
$1,638 Estimated rent
Home value
$395,800
$368,000 - $427,000
$1,638/mo
Zestimate® history
Owner options
List your home for rent
$1,638/mo
Rent Zestimate®
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$1,638/mo
Rent Zestimate®
Refinance and save
$2,146/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,146/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Tanya Sutcliffe 717-475-0315,
RE/MAX SmartHub Realty
Bought with:
Laura Eshbach, RS356644
Howard Hanna Real Estate Services - Lancaster
Source: Bright MLS,MLS#: PALA2052974
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Dryer, Refrigerator, Washer, Water Heater, Gas Water Heater
Features
- Plaster Walls
- Flooring: Hardwood, Wood
- Basement: Full,Dirt Floor,Exterior Entry,Concrete,Rear Entrance,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,070
- Total interior livable area: 2,070 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Doors - Swing In
Features
- Patio & porch: Deck, Porch
- Exterior features: Rain Gutters, Sidewalks
- Pool features: None
- Has view: Yes
- View description: Street
Lot
- Size: 2,614 sqft
- Features: Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3390316000000
- Zoning: 114 RES: 2 FAM DWLG
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick, Masonry
- Foundation: Permanent, Stone
Condition
- Very Good
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lancaster
- Subdivision: Chestnut Hill
- Municipality: LANCASTER CITY
HOA & financial
Other financial information
- Total actual rent: 27700
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/12/2024 | Sold | $340,000-2.9%$164/sqft |
Source:  Bright MLS #PALA2052974 Report a problem | ||
| 7/2/2024 | Pending sale | $350,000$169/sqft |
Source: Bright MLS #PALA2052974 Report a problem | ||
| 6/29/2024 | Listed for sale | $350,000+125.8%$169/sqft |
Source: Bright MLS #PALA2052974 Report a problem | ||
| 10/11/2016 | Sold | $155,000-4.8%$75/sqft |
Source: Public Record Report a problem | ||
| 6/7/2016 | Listed for sale | $162,900+20.7%$79/sqft |
Source: Berkshire Hathaway HomeServices Homesale Realty #251869 Report a problem | ||
| 3/8/2007 | Sold | $135,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,202 +1.1% | $155,100 |
| 2024 | $6,137 +1.7% | $155,100 |
| 2023 | $6,034 +4.3% | $155,100 |
| 2022 | $5,783 | $155,100 |
| 2021 | $5,783 +1180.8% | $155,100 |
| 2020 | $452 -91.9% | $155,100 |
| 2019 | $5,574 +1134.6% | $155,100 |
| 2018 | $452 -89.9% | $155,100 +59.4% |
| 2017 | $4,469 +0.9% | $97,300 |
| 2016 | $4,428 +14.6% | $97,300 |
| 2015 | $3,865 | $97,300 |
| 2014 | $3,865 | $97,300 |
| 2013 | -- | $97,300 |
| 2012 | -- | $97,300 |
| 2011 | -- | $97,300 |
| 2010 | -- | $97,300 |
| 2009 | -- | $97,300 |
| 2007 | -- | $97,300 |
| 2006 | -- | $97,300 |
| 2005 | -- | $97,300 +16.7% |
| 2004 | -- | $83,400 |
| 2003 | -- | $83,400 |
| 2002 | -- | $83,400 |
| 2000 | -- | $83,400 |
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: 0.2 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- High: Mccaskey H.s.
- 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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$395,800
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$403,716
- Pennsylvania
- Lancaster County
- Lancaster
- 17603
- Chestnut Hill
- 507 W Walnut St
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