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    Lancaster City Duplex Opportunity

    464 S ANN Street Lancaster, PA 17602

    Claim this Listing
    For Sale
    Under Contract
    $309,900

    MULTI_FAMILY - Other - LANCASTER, PA

    Property size:
    1,596 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $194/SF
    Added:
    Feb 22, 2026
    Days on Market:
    139
    Last Refresh:
    Jul 11 at 12:06 am

    Property Features for 464 S ANN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Garage - Detached
    Standard status
    Active Under Contract
    Size
    1,596 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3298

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1905
    Number of units
    2
    Building materials
    Brick, Masonry
    Architectural style
    Other

    Listing agent Maria Rojas License #AB068358

    Listing office Realty ONE Group Unlimited 415 N Prince Street unit: 100, Lancaster, PA

    Listing date Feb 22, 2026

    MLS# PALA2083582 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.

    Located in the heart of Lancaster City, Pennsylvania, at 464 S Ann St, this duplex is within walking distance of downtown amenities, restaurants, shops, and public transit. Situated in one of Lancaster's vibrant urban neighborhoods, this multifamily property presents a turnkey, income-producing opportunity for investors or owner-occupants. The property, with a size of 1596 square feet and a lot size of 0.05 acres, features private living spaces in each unit, including separate entrances, utilities, and climate control, providing maximum rental flexibility and tenant privacy. The property is being sold as-is.

    Key Highlights

    • Turnkey, income‑producing duplex ideal for investors or owner‑occupants.
    • Located in the heart of Lancaster City, within walking distance to downtown amenities, restaurants, shops, and public transit.
    • Each unit has separate entrances, utilities, and climate control.

    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 $25.9k $16.20
    − Vacancy −$388 −$0.24
    EGI $25.5k $15.96
    − OpEx −$7.6k −$4.79
    NOI $17.8k $11.17
    1,596 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $254.7K
    $222.8K – $297.1K (±1% cap)
    NOI $17,827 @ 7.0% cap · market cap 5.75%
    Second Best
    Apartment 5plus
    $224.6K
    $196.5K – $262.0K (±1% cap)
    NOI $15,721 @ 7.0% cap · market cap 5.07%
    Theoretical Best
    Office A
    $534.8K
    $468.0K – $624.0K (±1% cap)
    NOI $37,438 @ 7.0% cap · market cap 12.08%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office (Bike/Boat/Book/etc) Store Plumbing Service Computer & Electronic Repair Discount Store Carpet & Flooring Store Gym & Fitness Center Veterinary Clinic Acupuncture Storage Facility

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

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex in vibrant Lancaster City neighborhood.
    Where is this duplex located?
    The property is located at 464 S ANN Street Lancaster, PA.
    What is the asking price?
    The asking price for this property is $309,900.
    What are key features of this property?
    This property features: Turnkey, income‑producing duplex ideal for investors or owner‑occupants.; Located in the heart of Lancaster City, within walking distance to downtown amenities, restaurants, shops, and public transit.; Each unit has separate entrances, utilities, and climate control.
    Contact an agent
    (717) 808-4888
    We can help!
    Contact an agent
    Maria Rojas
    Real Estate License ID: AB068358
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