Lancaster City Duplex
464 S ANN Street Lancaster, PA 17602
464 S ANN Street, Lancaster, PA, 17602
$309,900
For Sale
Under Contract
$309,900
MULTI_FAMILY - Other - LANCASTER, PA
Property Size1,596 SF
Lot Size0.05 Acres
Price / SF$194.17
Days on Market146
Property Features for 464 S ANN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage - Detached
- Standard status
- Active Under Contract
- Size
- 1,596 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3298
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1905
- Number of units
- 2
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing Agency
Realty ONE Group Unlimited
(717) 569-1700
415 N Prince Street unit: 100, Lancaster, PA
Listed by
Maria Rojas · License #AB068358
(717) 808-4888
Added: Feb 22 Checked: Jul 18 at 3:06 am
MLS# PALA2083582
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Lancaster City, Pennsylvania, at 464 S Ann St, this duplex is within walking distance of downtown amenities, restaurants, shops, and public transit. Situated in one of Lancaster's vibrant urban neighborhoods, this multifamily property presents a turnkey, income-producing opportunity for investors or owner-occupants. The property, with a size of 1596 square feet and a lot size of 0.05 acres, features private living spaces in each unit, including separate entrances, utilities, and climate control, providing maximum rental flexibility and tenant privacy. The property is being sold as-is.
Key Highlights
- Turnkey, income‑producing duplex ideal for investors or owner‑occupants.
- Located in the heart of Lancaster City, within walking distance to downtown amenities, restaurants, shops, and public transit.
- Each unit has separate entrances, utilities, and climate control.
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 | $25.9k | $16.20 |
| − Vacancy | −$388 | −$0.24 |
| EGI | $25.5k | $15.96 |
| − OpEx | −$7.6k | −$4.79 |
| NOI | $17.8k | $11.17 |
1,596 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.7K
$222.8K – $297.1K
NOI $17,827 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$224.6K
$196.5K – $262.0K
NOI $15,721 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$534.8K
$468.0K – $624.0K
NOI $37,438 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex in vibrant Lancaster City neighborhood.
Where is this duplex located?
The property is located at 464 S ANN Street Lancaster, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Turnkey, income‑producing duplex ideal for investors or owner‑occupants.; Located in the heart of Lancaster City, within walking distance to downtown amenities, restaurants, shops, and public transit.; Each unit has separate entrances, utilities, and climate control.
