Corner Lot Triplex With Off-Street
1694 1696 1698 COLUMBIA Avenue Lancaster, PA 17603
1694 1696 1698 COLUMBIA Avenue, Lancaster, PA, 17603
$475,000
For Sale
$475,000
MULTI_FAMILY - Colonial - LANCASTER, PA
Property Size3,353 SF
Lot Size0.17 Acres
Price / SF$141.66
Days on Market16
Property Features for 1694 1696 1698 COLUMBIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking
- 3
- Parking features
- On Street, Driveway
- Interior features
- Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Window Treatments
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- Size
- 3,353 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5357
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Colonial
Listing Agency
Lusk & Associates Sotheby's International Realty
(717) 291-9101
100 Foxshire Drive, Lancaster, PA
Listed by
Anne M Lusk · License #RS210178L
(717) 271-9339
Added: Jul 3 Checked: Jul 18 at 3:06 am
MLS# PALA2091242
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.
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three separate units arranged over two levels. The main level includes two units, each featuring a dine-in or eat-in kitchen and two bedrooms sharing a Jack-and-Jill full bath. One bath is described as a tub/shower combination, while the other is described with a walk-in shower. The second main-level unit includes bright living space with well-kept luxury vinyl plank flooring. The upper-level unit features plush carpeting throughout, expansive living areas, and numerous windows that bring in natural light.
The property is situated on a corner lot and includes front and side yard areas. Off-street parking is available with three private spaces for residents.
With three self-contained units and dedicated off-street parking, this building can support a variety of plans, including renting all units or occupying one unit while leasing the others. The current unit layouts provide two-bedroom living options with shared Jack-and-Jill bath configurations on the main level, plus a distinct upper-level layout defined by carpeting and windowed living space.
The property is situated on a corner lot and includes front and side yard areas. Off-street parking is available with three private spaces for residents.
With three self-contained units and dedicated off-street parking, this building can support a variety of plans, including renting all units or occupying one unit while leasing the others. The current unit layouts provide two-bedroom living options with shared Jack-and-Jill bath configurations on the main level, plus a distinct upper-level layout defined by carpeting and windowed living space.
Key Highlights
- Well‑maintained 3‑unit triplex built in 1920 with Colonial architectural style
- Units feature dining areas and built‑ins, plus updated interior finishes including carpet and luxury vinyl plank flooring
- Bathroom setup includes Jack‑and‑Jill full baths with a tub/shower combo and a walk‑in shower
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 | $54.3k | $16.20 |
| − Vacancy | −$815 | −$0.24 |
| EGI | $53.5k | $15.96 |
| − OpEx | −$16.1k | −$4.79 |
| NOI | $37.5k | $11.17 |
3,353 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.0K
$468.2K – $624.2K
NOI $37,453 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$471.8K
$412.9K – $550.5K
NOI $33,029 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.12M
$983.2K – $1.31M
NOI $78,653 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained three-unit triplex on a corner lot with three private off-street parking spaces.
Where is this triplex located?
The property is located at 1694 1696 1698 COLUMBIA Avenue Lancaster, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained 3‑unit triplex built in 1920 with Colonial architectural style; Units feature dining areas and built‑ins, plus updated interior finishes including carpet and luxury vinyl plank flooring; Bathroom setup includes Jack‑and‑Jill full baths with a tub/shower combo and a walk‑in shower
