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    Lancaster, PA Multifamily Properties for Sale

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    Renovated Five-Unit Apartment Building
    Updated: Sep 8
    Renovated Five-Unit Apartment Building

    449 W KING Street, Lancaster, PA 17603

    $1,225,500
    4,878 sqft 0.18 AC lot
    Five‑unit apartment building totaling 4,878 square feet
    Renovated in 2022 with interior and exterior improvements
    Private parking lot with 14 spaces on a 0.18‑acre parcel
    Seven parking spaces leased separately; five spaces assigned to apartments
    Individual HVAC systems, central air, on‑site laundry, and separated utilities
    View details
    5-Unit Apartment Building
    Updated: Sep 8
    5-Unit Apartment Building

    1250 NEW DANVILLE Pike, Lancaster, PA 17603

    $699,900
    3,637 sqft 1.70 AC lot
    Five occupied apartment units with professional management
    Five‑unit storage shed included
    3,637 square feet on 1.7 acres
    Built in 1890 with basement space
    Electric baseboard heating and driveway parking
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    Five-Unit Mixed-Use Building
    Five-Unit Mixed-Use Building

    205 E KING Street, Lancaster, PA 17602

    $995,000
    3,049 sqft 0.07 AC lot

    Brick property combines four residential units with a customizable ground-floor commercial space in downtown Lancaster.

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    Three-Unit Property with Carriage House
    Three-Unit Property with Carriage House

    138 N Mulberry St, Lancaster, PA 17603

    $1,150,000
    5,000 sqft

    Three residences combine leased two-bedroom layouts with a move-in-ready three-bedroom carriage house and private outdoor areas.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    138 N MULBERRY STREET, Lancaster, PA 17603

    $1,150,000
    5,000 sqft 0.11 AC lot

    Two residences are leased, while a separate carriage house offers an additional three-bedroom home.

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    Brick Four-Unit Quadplex Portfolio
    Brick Four-Unit Quadplex Portfolio

    459 PERSHING Avenue, Lancaster, PA 17602

    $500,000
    2,603 sqft 0.08 AC lot

    Two professionally managed brick properties offer licensed multifamily housing with a varied unit mix and recent updates.

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    Mixed-Use Property with Laundromat
    Mixed-Use Property with Laundromat

    352 E NEW Street, Lancaster, PA 17602

    $675,000
    4,392 sqft 0.07 AC lot

    Brick corner property combines apartments with operating laundry and restaurant components in a compact urban setting.

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    Renovated Multifamily Property
    Renovated Multifamily Property

    19 & 25 S ANN STREET, Lancaster, PA 17602

    $849,000
    5,151 sqft

    Licensed multifamily asset with renovated interiors, professional management, and shared kitchen and bath facilities.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    233 W CHESTNUT Street, Lancaster, PA 17602

    $575,000
    3,672 sqft 0.10 AC lot

    Licensed residential property with updated interiors, forced-air heating, window-unit cooling, and on-street parking.

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    Two-Unit Mixed-Use Property
    Two-Unit Mixed-Use Property

    347 N RESERVOIR Street, Lancaster, PA 17602

    $309,900
    1,518 sqft 0.05 AC lot

    A vacant street-level commercial suite is paired with a leased apartment featuring its own entrance.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    233 W CHESTNUT STREET, Lancaster, PA 17602

    $575,000
    4,356 sqft

    Licensed residential property with completed interior turnover and unit repairs in Lancaster’s west side.

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    Two-Home Multifamily Property
    Two-Home Multifamily Property

    2017 MILLCREEK Road, Lancaster, PA 17602

    $370,000
    2,000 sqft 0.25 AC lot

    Each residence has three bedrooms and one full bath, with updates needed.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    17 NEW DORWART Street, Lancaster, PA 17603

    $399,900
    2,010 sqft 0.03 AC lot

    Two residential units feature separate electrical systems, included appliances, and washer and dryer equipment.

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    6-Unit Mixed-Use Property
    6-Unit Mixed-Use Property

    352 E New St, Lancaster, PA 17602

    $675,000
    4,392 sqft

    Corner property combines apartments, a laundromat, and a restaurant within one commercial building.

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    2-Unit Duplex with Brick Construction
    2-Unit Duplex with Brick Construction

    667 SAINT JOSEPH Street, Lancaster, PA 17603

    $239,900
    1,703 sqft 0.12 AC lot

    A three-bedroom upper residence sits above a one-bedroom first-floor unit.

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    Brick Duplex with Rented Garage
    Brick Duplex with Rented Garage

    236 N FRANKLIN Street, Lancaster, PA 17602

    $287,900
    1,997 sqft 0.03 AC lot

    Two rental units are complemented by a separately rented garage and convenient access to downtown Lancaster amenities.

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    Four-Unit Historic Quadplex
    Four-Unit Historic Quadplex

    419 W ORANGE STREET, Lancaster, PA 17603

    $689,000
    3,513 sqft

    Income-producing four-unit property with spacious apartments, private outdoor areas, and a flexible owner-occupant layout.

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    Brick Duplex
    Brick Duplex

    320 S QUEEN Street, Lancaster, PA 17603

    $219,900
    2,382 sqft 0.06 AC lot

    A two-unit residential property offers a basement and on-street parking in Lancaster.

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    Four-Unit Duplex Portfolio
    Four-Unit Duplex Portfolio

    459 PERSHING AVENUE, Lancaster, PA 17602

    $500,000
    2,603 sqft

    Two professionally managed residential properties offer a balanced unit mix with established occupancy and recent updates.

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    Two-Unit Duplex with Parking
    Two-Unit Duplex with Parking

    610 W CHESTNUT Street, Lancaster, PA 17603

    $410,000
    2,554 sqft 0.05 AC lot

    Brick duplex with separate utilities, included appliances, and two off-street parking spaces.

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    Turnkey 5-Unit Apartment Building
    Turnkey 5-Unit Apartment Building

    449 W KING STREET, Lancaster, PA 17603

    $1,225,500
    4,878 sqft

    Turnkey fully occupied five-unit building with in-unit laundry, individual HVAC, and 12 parking spaces.

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    Mixed-Use Building With Storefront
    Mixed-Use Building With Storefront

    101 PEARL Street, Lancaster, PA 17603

    $449,900
    2,178 sqft 0.05 AC lot

    Brick property combining a street-level convenience storefront with a three-bedroom apartment and separate utilities.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    205 E King Street, Lancaster, PA 17602

    $995,000
    3,049 sqft

    Mixed-use configuration combines four residences with a dedicated first-floor commercial suite and shared outdoor areas.

    View details
    4-Unit Brick Quadplex
    4-Unit Brick Quadplex

    420 N DUKE Street, Lancaster, PA 17602

    $598,500
    0.14 AC lot

    Three upstairs apartments accompany a first-floor beauty salon, with mostly separate utilities and rear parking.

    View details
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    Lancaster, PA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lancaster, PA, showcased through 51 active listings on our real estate platform. These investment opportunities span a total of 208,044 square feet of properties for sale, with an estimated market value of $26,972,600.

    Sale prices for multifamily properties in Lancaster, PA start at $219,900, averaging $599,391, and reaching up to $2,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 16
    Apartment buildings 15
    Quadplexes 10
    Triplexes 3
    Short term rental properties 1

    Demographics Overview

    Population 175K
    Population Growth (5Y) +4.0%
    Median Household Income $81,785
    College Educated 18.8%

    High-Yield Neighborhoods for Investment

    Identify Lancaster submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    17602 $536.5K
    17603 $730.4K

    Taxes & Financing

    Tax Rate (average for all types) 2.75%
    Property Tax per SF $25.11 per SF
    Tax Rate vs County Average 0.37 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lancaster County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lancaster fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Lancaster, PA

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    Most Searched ZIP Codes in Lancaster, PA

    • 17603
    • 17602

    Featured Lancaster Real Estate Agencies

    Realmo connects you with licensed Lancaster CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    RE/MAX Associates of Lancaster
    500 Delp Road Lancaster, PA 17601
    Phone: 17175692222
    www.LancasterRMX.com
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