UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALA2092738
Year Built 1900
Annual Tax Amount $10,102
Tax Year 2026
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
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 RESIDENTIAL HIGH DENSITY
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s), Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Rubber
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 335-14073-0-0000
Ownership Fee Simple
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