Residential Income
256 HAZEL STREET, Lancaster, PA 17603
For Sale
New
$255,900
The home includes window air-conditioning units, laundry appliances, and a range of kitchen appliances.
Property Size1,872 SF
Price / SF$136.70
Days on Market5
Property Features for 256 HAZEL STREET
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s), Window Unit(s), Electric
Natural Gas, Hot Water
Full
Oven, Gas Range, Gas Oven, Gas Water Heater, Dishwasher, Range Hood, Stainless Steel Appliance(s), Dryer, Washer, Water Heater, Refrigerator
Ceiling Fan(s), Recessed Lighting, Open Floorplan
On Street
Traditional
Building Details
Building Size
Year Built
Listed By:
Cheryl McFadden
(717) 201-5371
Source:
Evrealestate
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 6:50AM
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 Cheryl McFadden
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Investment Insights
Based on property information with market context.
This residential income property contains 1,872 square feet and dates to 1930. Interior features include window air-conditioning units, ceiling fans, recessed lighting, and an open floor plan. The kitchen inventory includes a gas range, oven, dishwasher, range hood, and refrigerator; a washer and dryer are also present.
The property is zoned residential and has traditional exterior styling. It is located on Hazel Street in Lancaster, Pennsylvania.
The property is zoned residential and has traditional exterior styling. It is located on Hazel Street in Lancaster, Pennsylvania.
Key Highlights
- 1,872 square feet of property area
- Built in 1930
- Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,440
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,800
$368.8K
Cap Rate 7%
$263,429
$263.4K
Cap Rate 9%
$204,889
$204.9K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$33.7K $18.00/SF
− Vacancy
−$168 −$0.09/SF
EGI
$33.5K $17.91/SF
− OpEx
−$15.1K −$8.06/SF
NOI
$18.4K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,800
Cap Rate 7%
$263,429
Cap Rate 9%
$204,889
Alternative Uses
Best Use
Apartment 5plus
$263.4K
$230.5K – $307.3K
NOI $18,440 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.3K
$548.9K – $731.9K
NOI $43,912 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
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Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Lancaster, PA
Properties on Market for Residential income properties in Lancaster
Frequently Asked Questions
What type of property is this?
Residential income property - The home includes window air-conditioning units, laundry appliances, and a range of kitchen appliances.
Where is this residential income property located?
The property is located at 256 HAZEL STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $255,900.
What are key features of this property?
This property features: 1,872 square feet of property area; Built in 1930; Residential zoning
