101 PEARL Street, Lancaster, PA 17603
MULTI_FAMILY - Other - LANCASTER, PA
- Added:
- May 17, 2026
- Days on Market:
- 26
- Last Refresh:
- Jun 11 at 9:06 pm
Property Features for 101 PEARL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street, On Street
- Appliances
- Washer/Dryer Hookups Only
- Standard status
- Active
- Size
- 2,178 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8275
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1905
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Fanny C Castellanos License #RS306983 (717) 615-7484
Listing office Iron Valley Real Estate of Lancaster 1834 Oregon Pike unit: 11, Lancaster, PA (717) 740-2221
Listing date May 17, 2026
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
- Dual Income Potential: Mixed‑use property with a street‑level storefront and a 3‑bedroom apartment.
- Prime Location: Situated in the heart of the sought‑after and growing Cabbage Hill district near downtown Lancaster.
- Separate Utilities: Each unit has its own utilities, simplifying management and tenant responsibilities.
- Includes off‑street parking, a valuable amenity in a downtown area.
- Full Basement: Offers extra storage space.
- Turnkey Living: Ideal for an owner‑occupant seeking a move‑in ready property.
Overview
Local Financial Insights For Mixed Use
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 | $47.0k | $21.60 |
| − Vacancy | −$3.8k | −$1.73 |
| EGI | $43.3k | $19.87 |
| − OpEx | −$16.2k | −$7.45 |
| NOI | $27.1k | $12.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.32174
- Latitude
- 40.03677
