Technical
Financial
Distress signals
Property profile

207 King St Lancaster, PA 17602

OFF-MARKET
Office Spaces
Property ID
US73-5814822
4,493 SF 0.12 ac lot Built 1890
Entity Owned 22-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, eight-unit apartment building situated at 207 W King St in Lancaster, Pennsylvania, 17603. The property boasts a total of 2,424 square feet and is priced at $649,000, translating to $267.74 per square foot and $81,125 per unit. The building comprises a diverse mix of rental units, including a ground-level commercial/retail space, two apartments, and five individually leased boarding rooms, ensuring a consistent income stream. Its enviable location places it within a block of the vibrant Fulton Theater and the bustling Lancaster Central Market, offering tenants easy access to cultural attractions, dining, and shopping. This prime downtown Lancaster location promises strong rental demand and potential for future appreciation. The property consists of one building and offers a compelling return on investment for discerning buyers seeking a well-maintained, income-producing asset in a thriving urban setting. Financial details are available upon request. This is a rare opportunity to acquire a multifamily property in a highly desirable location with a proven track record of occupancy. Serious inquiries only.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1890
Construction BRICK
Total area 4,493 SF
Lot 0.12 ac (5,227 SF)
Zoning code R4
APN 332-19511-0-0000
UPID US73-5814822

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Law Firm
  • Insurance Agency
  • Barber Shop
  • Barber Shop

Location

207 King St Lancaster, PA 17602-5015
Lancaster metro Census 700 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$860k
Comparable Approach Comparable
$662k
Blend (final) Blend
$495k

Owner & transaction history

since 2004
2 recorded transactions
2004
$135,000
1969
Price N/A

Zoning & alternative use

R4 · Lancaster, PA
Zoning description

materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3,…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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