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    20 3Rd St Columbia, PA 17512

    Sponsored
    For Sale
    $525,000

    Four-unit apartment building, prime downtown location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment property, located at 20-24 S. 3rd St., Columbia, PA 17512, offers a compelling opportunity for discerning investors. The property consists of two buildings encompassing four units, zoned HDR (High Density Residential) in Lancaster County. The asking price is $525,000, representing a price per unit of $131,250. The property includes one commercial retail unit currently operating as a cigar lounge (available for separate purchase), two two-bedroom residential units, and a vacant, unfinished third-floor unit with significant potential for added value and rental income. This prime downtown Columbia location provides excellent visibility and access to local amenities. The property presents a unique blend of commercial and residential income streams, offering immediate cash flow and long-term growth potential. The existing cigar lounge provides a stable income source, while the residential units offer additional rental income. The unfinished third-floor unit presents a chance to increase the property's value and rental revenue through renovation and lease-up. This is a rare opportunity to acquire a well-located, multi-faceted property in a thriving Pennsylvania community. The property's strong location and diverse income streams make it an attractive investment for both seasoned and new investors seeking a solid return on investment.

    Property Features for 20 3Rd St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Buildings
    2
    Units
    4

    HighLights

    • Exceptional multifamily investment opportunity in downtown Columbia, PA.
    • Four‑unit property at 20‑24 S. 3rd St., priced at $525,000 ($131,250 per unit).
    • Includes one commercial retail unit (cigar lounge, separately purchasable), two 2‑bedroom residential units, and one unfinished third‑floor unit.
    • High‑density residential zoning (HDR) in Lancaster County.
    • Prime location offers excellent visibility and access to local amenities, providing immediate cash flow and long‑term growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.501912493991
    Latitude
    40.031317770573

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, prime downtown location.
    Where is this multifamily property located?
    The property is located at 20 3Rd St Columbia, PA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity in downtown Columbia, PA.; Four-unit property at 20-24 S. 3rd St., priced at $525,000 ($131,250 per unit).; Includes one commercial retail unit (cigar lounge, separately purchasable), two 2-bedroom residential units, and one unfinished third-floor unit.
    Request Owner's contact information
    20 3Rd St Columbia, PA 17512
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    Columbia, PA 17512
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 3Rd St Columbia, PA 17512
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