464 Manor St Lancaster, PA 17603
For Sale
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This exceptional investment opportunity presents a fully leased, 11-unit multifamily building situated at 464-466 Manor Street in Lancaster, Pennsylvania. The property, built in 1900, boasts 5,400 square feet across three stories and is zoned for medium-density residential use. The building comprises four apartments and seven individually leased boarding rooms, providing a diverse revenue stream. Convenient off-street parking is available for residents. The asking price is $699,000, translating to $129.44 per square foot and approximately $63,545.45 per unit. Its prime downtown location offers unparalleled convenience, with easy walking access to cultural landmarks such as the Fulton Theater and the vibrant Lancaster Central Market. This well-maintained property presents a strong return on investment for a discerning buyer seeking a stable and profitable addition to their portfolio. The property's strong occupancy rate and desirable location make it an attractive proposition for both seasoned investors and those new to the multifamily market. Financial details are available upon request. This is a rare opportunity to acquire a well-positioned, income-generating asset in a thriving Pennsylvania city.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Lancaster, PALancaster. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.