Four-Unit Rental Property with
19 Nursery Lane Lancaster, PA 17603
19 Nursery Lane, Lancaster, PA, 17603
$625,000
For Sale
$625,000
Well-maintained quadplex offers four rental units, separate entrances, private driveway, and off-street parking with outdoor yard space.
Property Size1,680 SF
Price / SF$372.02
Days on Market80
Property Features for 19 Nursery Lane
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1957
Listing agency
Lusk & Associates Sotheby's International Realty
(717) 271-9339
Listed by
Anne M Lusk · License #RS210178L
(717) 271-9339
Source
Compass
Added: May 4 Updated: Jul 21 at 10:50AM Checked: Jul 21 at 10:50AM
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 Lusk & Associates Sotheby's International Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property features one spacious two-bedroom, one-bath unit and three one-bedroom, one-bath units. The apartments include a mix of luxury vinyl plank flooring and carpet, providing updated, easy-to-maintain living spaces. Separate entrances are provided for each unit, and the property also offers a private driveway, ample off-street parking, and outdoor yard space.
Located in Lancaster County within the Manor Twp area, the property is described as conveniently positioned for access to shopping, dining, and major commuter routes, with Columbia accessible by a short drive. The listing is associated with the Penn Manor School District.
The configuration supports a straightforward four-door layout, combining multiple unit types within a single quadplex property.
Located in Lancaster County within the Manor Twp area, the property is described as conveniently positioned for access to shopping, dining, and major commuter routes, with Columbia accessible by a short drive. The listing is associated with the Penn Manor School District.
The configuration supports a straightforward four-door layout, combining multiple unit types within a single quadplex property.
Key Highlights
- Quadplex with 4 rental units: 1 two‑bedroom/one‑bath unit plus 3 one‑bedroom/one‑bath units
- Separate entrances for each unit and a private driveway
- Ample off‑street parking and outdoor yard space
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 | $27.2k | $16.20 |
| − Vacancy | −$408 | −$0.24 |
| EGI | $26.8k | $15.96 |
| − OpEx | −$8.0k | −$4.79 |
| NOI | $18.8k | $11.17 |
1,680 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$236.4K
$206.9K – $275.8K
NOI $16,549 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$563.0K
$492.6K – $656.8K
NOI $39,408 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex offers four rental units, separate entrances, private driveway, and off-street parking with outdoor yard space.
Where is this quadplex located?
The property is located at 19 Nursery Lane Lancaster, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Quadplex with 4 rental units: 1 two‑bedroom/one‑bath unit plus 3 one‑bedroom/one‑bath units; Separate entrances for each unit and a private driveway; Ample off‑street parking and outdoor yard space
