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Charming Duplex with Income Potential

253 S ANN Street, Lancaster, PA 17602

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For Sale

$259,900

MULTI_FAMILY - Other - LANCASTER, PA

Property size:

1,504 SF

Lot size:

0.05 Acres

Price / SF:

$172/SF

HighLights

Duplex built in 1905 with brick/masonry construction and off‑street parking
First‑floor unit: 1 bedroom, 1 bath; currently rented to a long‑term tenant
Second/third‑floor unit: 3 bedrooms, 1 bath with a large living room and balcony
Heating includes electric heat and hot water, plus baseboard heating
Kitchen appliances included: refrigerator and stove

We can help!

Listing Contact

Nancy Ortiz

For Sale

$259,900

MULTI_FAMILY - Other - LANCASTER, PA

Property size:

1,504 SF

Lot size:

0.05 Acres

Price / SF:

$172/SF

Added:: Apr 27, 2026
Days on Market:: 52
Last Refresh:: Jun 17 at 6:06 pm

Property Features for 253 S ANN Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking: 2
Parking features: Off Street
Appliances: Refrigerator, Stove
Standard status: Active
Size: 1,504 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 2983

Utilities

Heating system: Baseboard, Electric (Heating), Hot Water(Heating), Other (Heating)

Building Details

Year built: 1905
Number of units: 2
Building materials: Brick, Masonry
Architectural style: Other

We can help!

Listing Contact

Nancy Ortiz

Listing agent Nancy Ortiz License #RS342673

Listing office Life Changes Realty Group 3002 Hempland Road unit: 2, Elizabethtown, PA

Listing date Apr 27, 2026

MLS# PALA2086906 Listing URL

HighLights

Duplex built in 1905 with brick/masonry construction and off‑street parking
First‑floor unit: 1 bedroom, 1 bath; currently rented to a long‑term tenant
Second/third‑floor unit: 3 bedrooms, 1 bath with a large living room and balcony
Heating includes electric heat and hot water, plus baseboard heating
Kitchen appliances included: refrigerator and stove

Overview

This charming duplex features two unique units, each brimming with potential. The first floor apartment offers a cozy one bedroom, one bath layout ready for finishing touches. The second and third floors comprise a three bedroom, one bath apartment. This unit features a large living room, balcony, and a well sized kitchen. The three bedrooms hold significant potential for investors with a little sweat equity. The first floor unit is currently rented to a long term tenant. The second floor unit can be rented at the new owner's convenience. The property is located in Lancaster, PA, and the lot size is 0.05 acres. The property size is 1504 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.4k	$16.20
− Vacancy	−$365	−$0.24
EGI	$24.0k	$15.96
− OpEx	−$7.2k	−$4.79
NOI	$16.8k	$11.17

1,504 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$240.0K

$210.0K – $280.0K (±1% cap)

NOI $16,800 @ 7.0% cap · market cap 6.46%

Second Best

Apartment 5plus

$211.6K

$185.2K – $246.9K (±1% cap)

NOI $14,815 @ 7.0% cap · market cap 5.70%

Theoretical Best

Office A

$504.0K

$441.0K – $588.0K (±1% cap)

NOI $35,280 @ 7.0% cap · market cap 13.57%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Lancaster
County: Lancaster
State: Pennsylvania
Longitude: -76.2938232
Latitude: 40.0352669

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For sale
Duplexes
PA
Lancaster
17602
253 S ANN Street

What type of property is this?

Duplex - Duplex with two units, great for investors.

Where is this duplex located?

The property is located at 253 S ANN Street Lancaster, PA.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Duplex built in 1905 with brick/masonry construction and off‑street parking; First‑floor unit: 1 bedroom, 1 bath; currently rented to a long‑term tenant; Second/third‑floor unit: 3 bedrooms, 1 bath with a large living room and balcony

253 S ANN Street, Lancaster, PA 17602

MULTI_FAMILY - Other - LANCASTER, PA

Property Features for 253 S ANN Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Restaurant/Retail Property in Lancaster

Freestanding Retail/Industrial Building

Four-Unit Residential Income Quadplex

Farmhouse with Barn and Apartment

Downtown Lancaster Mixed-Use Investment

Lancaster Brewery and Restaurant Opportunity

Charming Lancaster Townhouse with Garden

Freestanding Single-Story Commercial Building

Mixed-Use Investment Opportunity in Lancaster

Four-Unit Residential Income Property

Downtown Lancaster Mixed-Use Opportunity

Drive-Through Restaurant & Mixed-Use Building

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