Turn-Key Renovated Two-Unit
18 W LIBERTY Street Lancaster, PA 17603
For Sale
$414,900
MULTI_FAMILY - Victorian - LANCASTER, PA
Property Size1,610 SF
Lot Size0.03 Acres
Price / SF$257.70
Days on Market97
Property Features for 18 W LIBERTY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Carpet, Ceiling Fan(s), Entry Level Bedroom, Upgraded Countertops
- Appliances
- Dishwasher, Oven/Range - Gas, Washer/Dryer Stacked, WaterHeater
- Standard status
- Active
- Size
- 1,610 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3315
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Victorian
Listing Agency:
Lusk & Associates Sotheby's International Realty
(717) 291-9101
Listed By:
Sharon S McDonnell · License #RS318769
(717) 808-5750
Added: Apr 22
Changed: Jun 9
Last Checked: Jul 26 at 11:06PM
MLS# PALA2085664
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.
This two-unit duplex offers an upper and lower layout with distinct unit configurations: a spacious 3-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Both units were completely renovated in 2021 and include durable LVP flooring, granite countertops, updated lighting, and updated plumbing fixtures. The property also features central A/C in both units and efficient gas heat for year-round comfort. Throughout the home, the classic character is retained with exposed brick and arched windows, complemented by an abundance of natural light. Practical day-to-day conveniences include generous kitchen cabinet space, ample closet storage, and in-unit washers and dryers.
Located in the heart of Lancaster City, the property is described as being steps from the Amtrak station and within the LGH employee zone. Penn Square, Central Market, and Lancaster City’s dining, shopping, and cultural options are identified as being within walking distance.
For tenants and buyers, this is a straightforward fit for anyone seeking a turnkey, renovated duplex with separate living spaces and built-in laundry convenience. With both units currently rented, the property is positioned for immediate occupancy, while owner-occupants can use one unit and rent the other to help offset expenses.
Located in the heart of Lancaster City, the property is described as being steps from the Amtrak station and within the LGH employee zone. Penn Square, Central Market, and Lancaster City’s dining, shopping, and cultural options are identified as being within walking distance.
For tenants and buyers, this is a straightforward fit for anyone seeking a turnkey, renovated duplex with separate living spaces and built-in laundry convenience. With both units currently rented, the property is positioned for immediate occupancy, while owner-occupants can use one unit and rent the other to help offset expenses.
Key Highlights
- Fully renovated in 2021 two‑unit property in a desirable Lancaster City location, offering immediate rental income.
- Prime location near Amtrak station, LGH employee zone, Penn Square, Central Market, and other city attractions.
- Both units feature modern amenities including LVP flooring, granite countertops, updated fixtures, central A/C, and in‑unit washer/dryers.
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 | $26.1k | $16.20 |
| − Vacancy | −$391 | −$0.24 |
| EGI | $25.7k | $15.96 |
| − OpEx | −$7.7k | −$4.79 |
| NOI | $18.0k | $11.17 |
1,610 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.9K
$224.8K – $299.7K
NOI $17,984 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$226.6K
$198.2K – $264.3K
NOI $15,859 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$539.5K
$472.1K – $629.4K
NOI $37,766 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully updated two-unit property with in-unit washers and dryers and central A/C, suited to rental or live-in flexibility.
Where is this duplex located?
The property is located at 18 W LIBERTY Street Lancaster, PA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Fully renovated in 2021 two‑unit property in a desirable Lancaster City location, offering immediate rental income.; Prime location near Amtrak station, LGH employee zone, Penn Square, Central Market, and other city attractions.; Both units feature modern amenities including LVP flooring, granite countertops, updated fixtures, central A/C, and in‑unit washer/dryers.
