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    Multifamily properties

    1049 King St, Lancaster, PA 17602

    5,125 SF 0.32 ac lot Built 1915
    Property ID
    US73-5929709
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a meticulously restored historic home, listed on the National Register, located at 1049 E King Street in Lancaster, PA. The property boasts a total of 5,125 square feet situated on a 0.32-acre lot. Currently operating as a successful short-term rental, the property comprises a main house featuring eight bedrooms, each with its own bathroom, three whirlpool tubs, and numerous classic clawfoot tubs. All bedrooms include fireplaces, adding to the home's unique charm and character. The main house is complemented by two separate one-bedroom, one-bathroom units, each with exterior access, providing additional rental income streams. The property is fully furnished and ready for immediate occupancy. Exterior amenities include ample off-street parking with an electric vehicle charger, a serene koi pond garden area, and a firepit, enhancing the property's appeal and functionality. Priced at $995,000, this property offers a rare blend of historic significance, modern amenities, and strong rental potential, making it an ideal investment for discerning buyers. The property's location offers proximity to the city's attractions while maintaining a peaceful neighborhood setting.

    Property profile
    Verified
    Property type Multifamily properties
    Year built 1915
    Total area 5,125 SF
    Lot 0.32 ac (13,939 SF)
    UPID US73-5929709
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rapid Local Plumbing Plumbing Service General Contractor
    • Tesla Destination Charger Electric Vehicle Charging Station
    • King's Cottage Inn Vacation Rental Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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