UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $242
MLS Listing ID PALA2091552
Style Other
Abv Grd Liv Area 2,722
Year Built 1900
Available Date 2026-07-20
Annual Tax Amount $9,817
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
For investors looking to purchase several units in one location, this property is worth a closer look. The asking price works out to $131,900 per unit, with an existing rent roll that allows you to evaluate the investment based on current income. Whether you're purchasing your first multifamily building or adding to an established portfolio, the five-unit layout gives you multiple sources of rental income within a single property.
Location matters when owning rentals, and Chestnut Hill puts residents close to much of what Lancaster has to offer. Downtown restaurants, shopping, Central Market, and entertainment are just minutes away, giving tenants convenient access to the city while living in an established neighborhood.
With a well-maintained building and rental income already in place, buyers have a foundation to build on through ongoing management and improvements over time. Review the rent roll and operating expenses, schedule a showing, and take a closer look at what 508 W. Chestnut Street could bring to your portfolio.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning 117
Interior
Hot Water 60+ Gallon Tank
Heating Radiator
Cooling Other
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Private Pool No
Building
Foundation Permanent
Above Ground Finished SqFt 2722
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 335-14073-0-0000
Ownership Fee Simple
SqFt Source 2722
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
Nearby Locations
Broker / Owner / Realtor® License ID: RM4224129
+1(717) 876-6877 | michael@segarrahomes.com