Four-Unit Historic
For Sale
$689,000
419 W ORANGE STREET, Lancaster, PA 17603
Income-producing four-unit property with spacious apartments, private outdoor areas, and a flexible owner-occupant layout.
Property Size3,513 SF
Price / SF$196.13
Days on Market38
Property Features for 419 W ORANGE STREET
General Information
Standard status
Active
Size
3,513 SF
Property subtype
Quadruplex
Additional Details
Gross Income
$63,480
Road Access
Yes
Multifamily Units
4
Amenities
deck/balcony
yard
storage area
Building Details
Year Built
1890
Listing Agency:
Astoria Realty Advisors LLC
(717) 425-6264
Listed By:
Benuel Esh · License #RS329980
(717) 344-4480
Source:
Cummingsrealtors
Added: Sep 6
Changed: Oct 13
Last Checked: Oct 12 at 8:29PM
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 Astoria Realty Advisors LLC
Investment Insights
Based on property information with market context.
This 4-unit property, built in 1890, contains 3,513 square feet of residential space with four distinct apartments. The first-floor residence occupies the full level and includes multiple bonus rooms that support flexible living arrangements. Each apartment has a dedicated deck or balcony, while the property also provides a fourth-floor storage area and landscaped yard space.
Major work includes roof repairs, mechanical updates, brick repointing, and interior improvements. Two apartments are leased month to month, and the remaining two have lease terms of less than one year. The property is located at 419 W Orange Street in Lancaster, on a tree-lined street within walking distance of downtown Lancaster, Franklin & Marshall College, the Fulton Theatre, restaurants, cafes, and art galleries.
Major work includes roof repairs, mechanical updates, brick repointing, and interior improvements. Two apartments are leased month to month, and the remaining two have lease terms of less than one year. The property is located at 419 W Orange Street in Lancaster, on a tree-lined street within walking distance of downtown Lancaster, Franklin & Marshall College, the Fulton Theatre, restaurants, cafes, and art galleries.
Key Highlights
- 4‑unit residential property with 3,513 square feet
- Built in 1890 with historic character and updated interiors
- Each apartment includes a dedicated deck or balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,240
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,800
$784.8K
Cap Rate 7%
$560,571
$560.6K
Cap Rate 9%
$436,000
$436.0K
Market Conditions
NOI Build-Up for 3,513 SF
Gross rent
$56.9K $16.20/SF
− Vacancy
−$854 −$0.24/SF
EGI
$56.1K $15.96/SF
− OpEx
−$16.8K −$4.79/SF
NOI
$39.2K $11.17/SF
Area
Lancaster County, PA
Vacancy
1.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,800
Cap Rate 7%
$560,571
Cap Rate 9%
$436,000
Alternative Uses
Best Use
Multifamily LT 5
$560.6K
$490.5K – $654.0K
NOI $39,240 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,406 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,627
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing four-unit property with spacious apartments, private outdoor areas, and a flexible owner-occupant layout.
Where is this quadplex located?
The property is located at 419 W ORANGE STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 4‑unit residential property with 3,513 square feet; Built in 1890 with historic character and updated interiors; Each apartment includes a dedicated deck or balcony
