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    Charming Lancaster Townhouse with Garden Title is generated by Realmo AI

    145 E CHESTNUT Street, Lancaster, PA 17602

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    Claim this Listing
    For Sale
    $549,900

    MULTI_FAMILY - Other - LANCASTER, PA

    Property size:
    3,800 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $144/SF
    Added:
    May 13, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 28 at 1:06 am

    Property Features for 145 E CHESTNUT Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    2
    Parking features
    Off Street, On Street
    Standard status
    Active
    Size
    3,800 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7875

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Contact an agent
    Kate Bailey
    Kate Bailey

    Listing agent Kate Bailey License #RS320338

    Listing office Coldwell Banker Realty 390 Waterloo Boulevard unit: 101, Plymouth Meeting, PA

    Listing date May 13, 2026

    MLS# PALA2087006 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit property in downtown Lancaster, offering potential rental income or owner‑occupancy options.
    • Extensive renovations completed between 2015 and 2023, including kitchen and bathroom remodels.
    • Spacious 3,800 sq. ft. end‑of‑row townhouse with a 2‑bedroom unit and a 3‑bedroom unit.
    • Prime location near local parks, trendy cafes, boutique shops, and public transportation.
    • Off‑street parking available, providing convenience in a downtown setting.
    • Professionally landscaped backyard garden, offering a peaceful outdoor retreat.

    Overview

    Located in downtown Lancaster, this property features two units. Originally built in 1900, this end-of-row townhouse has been converted into two units, featuring a 2-bedroom unit on the first level and a 3-bedroom unit on the second and third levels. The property spans 3,800 square feet and includes a full basement for additional storage. The lot size is 0.09 acres. The backyard has been transformed into a garden. The property includes off-street parking. The second and third floors were renovated in 2015, and the first floor was renovated in 2016. The entire property was repainted in 2019. In 2023, the third-floor bathroom and kitchen were remodeled, and appliances were updated. A new roof is planned for 2025. The property is located near local parks, cafes, and shops, with easy access to public transportation. It can be used as an investment property or primary residence.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $61.6k $16.20
    − Vacancy −$923 −$0.24
    EGI $60.6k $15.96
    − OpEx −$18.2k −$4.79
    NOI $42.4k $11.17
    3,800 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $606.4K
    $530.6K – $707.4K (±1% cap)
    NOI $42,446 @ 7.0% cap · market cap 7.72%
    Second Best
    Apartment 5plus
    $534.7K
    $467.9K – $623.9K (±1% cap)
    NOI $37,432 @ 7.0% cap · market cap 6.81%
    Theoretical Best
    Office A
    $1.27M
    $1.11M – $1.49M (±1% cap)
    NOI $89,138 @ 7.0% cap · market cap 16.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Susquehanna Valley Realty Law Firm

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3026276
    Latitude
    40.0418015

    FAQs

    What type of property is this?
    Duplex - Two-unit townhouse with garden, renovated and upgraded. Investment potential.
    Where is this duplex located?
    The property is located at 145 E CHESTNUT Street Lancaster, PA.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Two‑unit property in downtown Lancaster, offering potential rental income or owner‑occupancy options.; Extensive renovations completed between 2015 and 2023, including kitchen and bathroom remodels.; Spacious 3,800 sq. ft. end‑of‑row townhouse with a 2‑bedroom unit and a 3‑bedroom unit.
    More about this property
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