End-of-Row Three-Unit
152 East Walnut Street Lancaster, PA 17602
152 East Walnut Street, Lancaster, PA, 17602
$499,900
Pending
For Sale
$499,900
Pending
Solid brick three-unit building with a full basement and off-street parking for up to five vehicles.
Property Size3,900 SF
Lot Size0.07 Acres
Days on Market76
Property Features for 152 East Walnut Street
General Information
- Standard status
- Pending
- Size
- 3,900 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty
(215) 868-2450
Listed by
Kate Bailey · License #RS320338
(215) 868-2450
Source
Compass
Added: May 8 Updated: Jul 20 at 11:36PM Checked: Jul 21 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This end-of-row three-unit property at 152 East Walnut Street features solid brick construction and a full basement. The existing layout is designed for multi-unit residential income, with additional space in the basement that can support storage needs or other on-site utility.
The property includes off-street parking for up to five vehicles. It sits on a 0.07-acre lot and reflects a traditional architectural style.
Offered for sale as a three-unit residential income property, this building presents a straightforward option for buyers seeking a downtown Lancaster, PA investment asset.
The property includes off-street parking for up to five vehicles. It sits on a 0.07-acre lot and reflects a traditional architectural style.
Offered for sale as a three-unit residential income property, this building presents a straightforward option for buyers seeking a downtown Lancaster, PA investment asset.
Key Highlights
- Solid brick end‑of‑row building
- Full basement for storage or potential additional rental space
- 0.07‑acre lot with off‑street parking for up to five vehicles
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 | $63.2k | $16.20 |
| − Vacancy | −$948 | −$0.24 |
| EGI | $62.2k | $15.96 |
| − OpEx | −$18.7k | −$4.79 |
| NOI | $43.6k | $11.17 |
3,900 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.3K
$544.5K – $726.1K
NOI $43,563 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.3K
NOI $38,417 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,484 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Solid brick three-unit building with a full basement and off-street parking for up to five vehicles.
Where is this multifamily property located?
The property is located at 152 East Walnut Street Lancaster, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Solid brick end‑of‑row building; Full basement for storage or potential additional rental space; 0.07‑acre lot with off‑street parking for up to five vehicles
