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Lancaster Duplex Near Downtown Amenities

252 E Walnut St Lancaster, PA 17602

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Well-maintained duplex with income potential in walkable Lancaster location.

Type:Multifamily
Property size:
1,420 SF
Price / SF:
$204/SF
Added:
Jan 31, 2026
Days on Market:
160
Last Refresh:
Jul 2 at 8:31 am

Property Features for 252 E Walnut St

General Information

Standard status
Active
Size
1,420 SF
Property subtype
Multifamily

Building Details

Year Built
1868

Listing office Landmark Commercial Realty

Listing date Jan 31, 2026

Source Crexi

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 Landmark Commercial Realty


Investment Insights

Based on property information with market context.

Located at 252 E Walnut St in Lancaster, PA, this well-maintained duplex offers immediate rental income with long-term appreciation potential. The property features two units, each containing 2 bedrooms and 1 bathroom, one unit per floor. Shared laundry facilities are available. The property also includes a partially finished basement, providing flexible use and added value. Situated in a highly walkable location, the property is a short walk to Lancaster General Hospital and Musser Park, with downtown amenities close by. A large fenced-in yard enhances tenant appeal. The property size is 1420 square feet. It is located in a desirable Lancaster neighborhood.

Key Highlights

  • Immediate rental income from two 2‑bedroom, 1‑bath units.
  • Highly walkable location near Lancaster General Hospital, Musser Park, and downtown amenities.
  • Long‑term appreciation potential in a desirable Lancaster neighborhood.

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 $23.0k $16.20
− Vacancy −$345 −$0.24
EGI $22.7k $15.96
− OpEx −$6.8k −$4.79
NOI $15.9k $11.17
1,420 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$226.6K
$198.3K – $264.4K (±1% cap)
NOI $15,861 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$199.8K
$174.9K – $233.1K (±1% cap)
NOI $13,988 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$475.9K
$416.4K – $555.2K (±1% cap)
NOI $33,310 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Storage Facility Tanning Salon Pet Store Carpet & Flooring Store Clothing & Fashion Store Pet Store & Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with income potential in walkable Lancaster location.
Where is this duplex located?
The property is located at 252 E Walnut St Lancaster, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Immediate rental income from two 2‑bedroom, 1‑bath units.; Highly walkable location near Lancaster General Hospital, Musser Park, and downtown amenities.; Long‑term appreciation potential in a desirable Lancaster neighborhood.
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