141 LINCOLN WAY W, Chambersburg, PA 17201
MULTI_FAMILY - Colonial - CHAMBERSBURG, PA
- Added:
- Jun 17, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 20 at 10:06 pm
Property Features for 141 LINCOLN WAY W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 5
- Parking features
- Driveway, On Street, Off Street
- Interior features
- Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Curved Staircase, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Wood Floors
- Fireplace
- 1
- Appliances
- Dryer, Oven/Range - Electric, Refrigerator, Washer
- Standard status
- Active
- Size
- 4,580 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3177
Utilities
- Heating system
- Other (Heating), Steam
Building Details
- Year built
- 1700
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Lane I Thrush License #RM423221 (717) 816-4011
Listing office Keller Williams Keystone Realty 1035 Wayne Avenue unit: D, York, PA (717) 504-8002
Listing date Jun 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
- Licensed boarding house approved for up to 18 occupants, offering income‑producing potential
- Historic Colonial brick home rebuilt in 1864 after the original structure was destroyed during the burning of Chambersburg
- Year built listed as 1700 with a documented historical connection to Colonel Benjamin Chambers
- Steam heating with interior features including curved staircase, entry level bedroom, and wood floors
- Fireplace present and dining area plus formal/separate dining room
- Parking includes driveway, off‑street, and on‑street options
Overview
Located in the heart of the Borough of Chambersburg, the property offers a convenient setting within the Franklin County community. The site sits on 0.42 acres and totals 4,580 square feet, providing a compact footprint for an operator looking to manage a licensed boarding-house environment.
For buyers and investors, the key practical feature is that the use is already approved and licensed for up to 18 occupants, which can help streamline underwriting and operating planning versus a ground-up re-entitlement. If you’re seeking a one-of-a-kind, history-forward residential income property with an established boarding-house authorization, this Chambersburg asset is worth a closer look.
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 | $70.3k | $15.36 |
| − Vacancy | −$5.3k | −$1.15 |
| EGI | $65.1k | $14.21 |
| − OpEx | −$19.5k | −$4.26 |
| NOI | $45.6k | $9.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.664348
- Latitude
- 39.9381511
