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Brick Four-Unit Multifamily Property
For Sale
$535,000

61-63 SPENCER, Lancaster, PA 17603

MULTI_FAMILY - Other - LANCASTER, PA

Property SizeContact for details
Lot Size0.21 Acres
Days on Market21

Property Features for 61-63 SPENCER

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Parking features On Street, Off Street
Appliances Washer/Dryer Hookups Only
Subdivision HAMILTON PARK
Elementary school district SCHOOL DISTRICT OF LANCASTER
Middle school district SCHOOL DISTRICT OF LANCASTER
High school district SCHOOL DISTRICT OF LANCASTER
Standard status Active
Lot size 0.21 Acres

Taxes and HOA fees

Tax Annual Amount 7139

Utilities

Heating system Other (Heating)
Cooling system Central Air

Building Details

Year built 1920
Number of units 4
Building materials Brick
Architectural style Other
Listing Agency: Bennett Williams Realty, Inc.
Listed By: Joshua Miller · License #RS365967
Added: Jul 20 Changed: Aug 3 Last Checked: Aug 9 at 2:06PM
MLS# PALA2091902

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.

This four-unit brick multifamily property in Lancaster Township was built in 1920 and is fully leased. The unit mix includes two 1-bedroom/1-bath apartments and two 3-bedroom/1-bath apartments. Central air, washer/dryer hookups, and a combination of on-street and off-street parking are included. The property also has a basement and occupies 0.21 acres.

Set on Spencer in Lancaster, the property is in the Hamilton Park / West End neighborhood, just south of Franklin & Marshall College. Downtown Lancaster is minutes away, with access to restaurants, retail, and employers. Routes 30 and 501 provide convenient regional connectivity.

Key Highlights

  • Fully leased four‑unit multifamily property built in 1920
  • Unit mix includes two 1‑bedroom/1‑bath and two 3‑bedroom/1‑bath units
  • Brick construction with central air

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

772
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully leased brick construction with central air and on- and off-street parking.
Where is this quadplex located?
The property is located at 61-63 SPENCER Lancaster, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Fully leased four‑unit multifamily property built in 1920; Unit mix includes two 1‑bedroom/1‑bath and two 3‑bedroom/1‑bath units; Brick construction with central air
More about this property
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