Three-Story Duplex with
For Sale
$424,900
145 E CHESTNUT Street, Lancaster, PA 17602
Multi-Family, LANCASTER, PA
Property Size3,800 SF
Lot Size0.09 Acres
Price / SF$111.82
Days on Market178
Property Features for 145 E CHESTNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Bathroom - Walk-In Shower, Bathroom - Stall Shower, Breakfast Area, Built-Ins, Carpet, Cedar Closet(s), Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Appliances
Dishwasher, Dryer, Energy Efficient Appliances, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Stove, Washer, WaterHeater
Elementary school district
SCHOOL DISTRICT OF LANCASTER
Middle school district
SCHOOL DISTRICT OF LANCASTER
High school district
SCHOOL DISTRICT OF LANCASTER
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)
Amenities
included washer & dryer
back gardens
covered balcony
Building Details
Year built
1900
Number of units
2
Building materials
Masonry
Architectural style
Other
Buildings
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 363-6006
Listed By:
Kate Bailey · License #RS320338
(215) 868-2450
Added: May 13
Changed: Nov 5
Last Checked: Nov 6 at 8:06AM
MLS# PALA2087006
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.
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Investment Insights
Based on property information with market context.
This 3,800-square-foot masonry duplex at 145 E. Chestnut Street dates to 1900 and spans three stories, with a full basement. The first-floor apartment has two bedrooms, one and a half bathrooms, an eat-in kitchen, washer and dryer, and access to the rear garden. The second and third floors currently form a three-bedroom, two-bathroom residence with an eat-in kitchen, laundry, and a covered upper-level balcony. A formal dining room and a front-to-back passage that brings natural light into each level are among the building’s features.
Renovation work included the second and third floors in 2015, the first floor in 2016, and kitchen, bathroom, and appliance updates in 2023. The property also received a new roof in 2025. The 0.09-acre parcel is in Lancaster’s Historic District, near Musser Park and the Demuth Museum of Art; Lancaster City Market and Lancaster County government centers are also nearby.
The upper residence could be divided into two units with the addition of a kitchenette and a door. On-street parking is available, and the building has window-unit cooling.
Renovation work included the second and third floors in 2015, the first floor in 2016, and kitchen, bathroom, and appliance updates in 2023. The property also received a new roof in 2025. The 0.09-acre parcel is in Lancaster’s Historic District, near Musser Park and the Demuth Museum of Art; Lancaster City Market and Lancaster County government centers are also nearby.
The upper residence could be divided into two units with the addition of a kitchenette and a door. On-street parking is available, and the building has window-unit cooling.
Key Highlights
- 3,800 square feet in a three‑story masonry building constructed in 1900
- Two‑bedroom, 1.5‑bath first‑floor apartment with washer and dryer
- Upper residence currently has three bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,432
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,640
$748.6K
Cap Rate 7%
$534,743
$534.7K
Cap Rate 9%
$415,911
$415.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$68.4K $18.00/SF
− Vacancy
−$342 −$0.09/SF
EGI
$68.1K $17.91/SF
− OpEx
−$30.6K −$8.06/SF
NOI
$37.4K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,640
Cap Rate 7%
$534,743
Cap Rate 9%
$415,911
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.4K
NOI $42,446 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$534.7K
$467.9K – $623.9K
NOI $37,432 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,138 @ 7.0% cap · market cap 20.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,830
Businesses Nearby
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Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a two-bedroom apartment and an upper-level residence with a private covered balcony.
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 $424,900.
What are key features of this property?
This property features: 3,800 square feet in a three‑story masonry building constructed in 1900; Two‑bedroom, 1.5‑bath first‑floor apartment with washer and dryer; Upper residence currently has three bedrooms and two full bathrooms
