Exceptional 5-unit investment opportunity in Lancaster City's highly desirable Chestnut Hill neighborhood. Ideally situated just minutes from downtown Lancaster's restaurants, shopping, Central Market, and entertainment, this well-maintained property offers immediate income potential with room for future growth.
For sale
Price cut: $10K (8/26)
$689,500
508 W Chestnut St, Lancaster, PA 17603
5beds
--baths
2,722sqft
Townhouse
Built in 1900
-- sqft lot
$669,600 Zestimate®
$253/sqft
$-- HOA
What's special
- 43 days
- 573
- 10
Zillow last checked:
Listing updated:
Listed by:
David Petersheim 717-327-7542,
Astoria Realty Advisors LLC 7174256264
Source: Bright MLS,MLS#: PALA2091552
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Other, Electric
Appliances
- Included: Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,722
- Total interior livable area: 2,722 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,178 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3351407300000
- Zoning: 117
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick, Masonry
- Foundation: Permanent
- Roof: Rubber
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $253/sqft
- Tax assessed value: $237,600
- Annual tax amount: $9,817
- Date on market: 7/20/2026
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Estimated market value
$669,600
$636,000 - $703,000
$1,849/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $689,500-1.4%$253/sqft |
Source:  Bright MLS #PALA2091552 Report a problem | ||
| 7/20/2026 | Listed for sale | $699,500+12.8%$257/sqft |
Source: Bright MLS #PALA2091552 Report a problem | ||
| 1/10/2025 | Sold | $620,000+110.2%$228/sqft |
Source: Public Record Report a problem | ||
| 1/10/2018 | Sold | $295,000+12.1%$108/sqft |
Source: Public Record Report a problem | ||
| 8/14/2014 | Sold | $263,200+5.6%$97/sqft |
Source: Public Record Report a problem | ||
| 5/9/2008 | Sold | $249,300$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $9,817 +3.3% | $237,600 |
| 2025 | $9,502 +1.1% | $237,600 |
| 2024 | $9,402 +1.7% | $237,600 |
| 2023 | $9,244 +4.3% | $237,600 |
| 2022 | $8,859 | $237,600 |
| 2021 | $8,859 +1180.8% | $237,600 |
| 2020 | $692 -91.9% | $237,600 |
| 2019 | $8,539 +50.4% | $237,600 +92.2% |
| 2017 | $5,677 +0.9% | $123,600 |
| 2016 | $5,625 +14.6% | $123,600 |
| 2015 | $4,909 | $123,600 |
| 2014 | $4,909 | $123,600 |
| 2013 | -- | $123,600 |
| 2012 | -- | $123,600 |
| 2011 | -- | $123,600 |
| 2010 | -- | $123,600 |
| 2009 | -- | $123,600 |
| 2007 | -- | $123,600 |
| 2006 | -- | $123,600 |
| 2005 | -- | $123,600 +4.9% |
| 2004 | -- | $117,800 |
| 2003 | -- | $117,800 |
| 2002 | -- | $117,800 |
| 2000 | -- | $117,800 |
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
- 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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