227 E Walnut St, Lancaster, PA 17602

Lancaster
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
227 E Walnut St,Lancaster, PA 17602
$425,000
  • 4 Beds
  • - Baths
  • 1,902 sq. ft.
  • Multi-family
  • Pending
Listed by: shade foreman
Office: ppm real estate, inc.
MLS#:PALA2097624
Source:BRIGHTMLS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$223.45

About this home

2 Unit property located one block from the new Catherine Hershey School, 2.5 blocks to LGH/Penn Medicine Hospital and a 10 minute walk to downtown Lancaster. Landlord benefits: No interior or exterior common areas except the 2 car carport. Landlord only pays for water/sewer/trash. 2 Gas furnaces, 2 hot water heaters, brand new sewer line from outside trap to house was completed in October. Roof was done just one year ago. These apartments have always leased quickly. Unit 1: Two bedroom, rented for $1,565/mo. through 2/28/27 - Large private backyard, 1 carport parking space, central air, dishwasher, private laundry and storage space in basement. Unit 2: Two bedroom plus bonus room on 3rd floor, rented for $1,525/mo. through 1/31/27 - 1 carport parking space, private laundry, sunroom, large closet in primary bedroom. Tenants pay gas and electric. Gross Income $37,080. Taxes, Insurance, w/s/t, rental license $9,433 = NOI $27,647. Photos are from the previous apartment listings. Seller is...

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Home facts

  • Year built:1875
  • Listing ID #:PALA2097624
  • Added:11 day(s) ago
  • Updated:November 08, 2026 at 09:00 AM

Rooms and interior

  • Bedrooms:4
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,902 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central A/C, Window Unit(s)
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1875
  • Building area:1,902 sq. ft.
  • Lot area:0.06 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Foundation Description:Slab, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$223.45
  • Tax amount:$5,927 (2026)

Parking

  • Parking description:Detached Carport

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