633 Manor St, Lancaster, PA 17603

Fully leased 4-unit brick investment in Lancaster City — $53,280 in annual rents and an 8.8% cap rate at list price. Built in 1902 and full of classic city character, 633 Manor Street offers four 1-bedroom, 1-bath apartments with updated kitchens, modern flooring, and tall windows that fill each unit with natural light. The top-floor apartment stands out with sloped ceilings and dormer windows for a loft-style feel. With 100% occupancy and roughly $33,400 in NOI, this property delivers dependable cash flow from day one. The solid brick building features architectural shingle and rubber roofing, a stone foundation, natural gas radiator heat, and natural gas hot water, all on public water and sewer. A rear yard with an outbuilding provides useful storage. The location is a major draw: less than a mile from Penn Square, Lancaster Central Market, and downtown’s restaurants, shops, and galleries, with easy access to Routes 222 and 30. Lancaster City’s steady rental demand keeps units...