772 Marietta Ave, Lancaster, PA 17603
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
772 Marietta Ave,Lancaster, PA 17603
$469,999
- 3 Beds
- - Baths
- 1,844 sq. ft.
- Multi-family
- Active
Listed by: corinn e. kirchner, alexandra ebert
Office: ppm real estate, inc.
MLS#:PALA2065742
Source:BRIGHTMLS
Price summary
- Price:$469,999
- Price per sq. ft.:$254.88
About this home
Stunningly gorgeous 2 unit property located next to the cafe and ice cream shop called College Treats in desirable Chestnut Hill neighborhood! This property was renovated top to bottom in 2020 and as a result is in a LERTA tax savings program through 2029! The first floor apartment is leased to a tenant for $1,350/month (gas heat and central air; gas and electric paid by Tenant). Apt #2 is the 2nd and 3rd floors of the property and is a 2 bed, 2 bath apartment on a new one year lease for $1,675/month (mini split systems for heat + cooling; Tenant pays electric). Both apartments offer high end finishes including granite counters, wood floors, exposed brick walls, drywall ceilings with recessed lighting, central air, dishwasher, built-in microwave, all vinyl windows & more! There is shared laundry and a shared yard. Easy, non-metered street parking readily available on Marietta, College Ave & Chestnut Streets. All mechanicals, roof, appliances and finishes are only 5 years old. Landlord pays water/sewer, trash, house electric. LERTA Tax savings: 2025: 50% discount on tax bill. Each year the discount decreases by 10% through 2029. CURRENT CAP RATE 6.3%. Gross Income $36,300 at the rents stated herein. Est. NOI $29,532. Income/Expense Proforma with LERTA tax savings details available. Note: The new one year lease on apartment 2 is the tenant who was in apartment one. Tenant took the larger apartment when it became available – this is a testament to the excellent location, conditions, marketability and livability of this property!
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Home facts
- Year built:1875
- Listing ID #:PALA2065742
- Added:289 day(s) ago
- Updated:January 20, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:3
- Living area:1,844 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Electric, Natural Gas
Structure and exterior
- Year built:1875
- Building area:1,844 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$469,999
- Price per sq. ft.:$254.88
- Tax amount:$6,137 (2024)
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