205 East King Street Lancaster, PA 17602
Five-unit property with commercial space in vibrant downtown Lancaster.
Property Features for 205 East King Street
General Information
- Standard status
- Active
- Size
- 3,049 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1870
Listing office Lusk & Associates Sotheby's International Realty (717) 271-9339
Listing date Mar 25, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime Downtown Lancaster location in Musser Park, offering unmatched walkability.
- Mixed‑use property with a first‑floor commercial space and four residential units, providing diverse income streams.
- Unique carriage house featuring a garage, upper‑level living space and a private deck.
Local Financial Insights For Mixed Use
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 | $65.9k | $21.60 |
| − Vacancy | −$5.3k | −$1.73 |
| EGI | $60.6k | $19.87 |
| − OpEx | −$22.7k | −$7.45 |
| NOI | $37.9k | $12.42 |