Investments Sales Management

Converted Dwelling

257 S ANN STREET

LANCASTER , PA 17602

MLS#: PALA2078974

$359,900

Status: Active
Listing number: PALA2078974
Listing provided by: Manor West Realty
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
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Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1902

Sq.Footage

1,504

Turnkey 2-Unit Investment in Lancaster City’s Southeast Neighborhood! Discover a rare opportunity to own this fully furnished and fully renovated duplex in Lancaster City with all furnishings included! Perfect for investors or anyone looking to live in one unit and rent the other with minimal maintenance. Both units were completely renovated in 2022, including all-new plumbing, electrical, heating, and cooling systems. Several windows and roof sections were also replaced, ensuring long-term durability and efficiency. The property is zoned as a 2-unit and includes shared laundry in the basement plus an oversized one-car garage—a rare bonus in the city. The owners of corner property next door have plans to develop the building into a community HUB, further improving the block. Unit 1 (First Floor): A beautifully designed 1-bedroom, 1-bath apartment featuring high ceilings, modern lighting, new flooring, and stylish furnishings throughout. The kitchen boasts updated cabinetry, granite counters, stainless appliances, and open shelving. This unit has averaged $1,600–$1,700/month (utilities included) as a proven mid-term rental. Unit 2 (Upper Unit): A spacious 1-bedroom apartment with two sleeping areas, comfortably sleeping four guests. This unit was previously rented to a long-term tenant at below-market rent, but projected furnished rental income is $2,000–$2,100/month based on comparable stays. Whether you continue as a furnished mid-term rental, transition to traditional leases, or occupy one unit while renting the other, this property delivers flexibility, strong returns, and peace of mind thanks to its recent full renovation and efficient systems. Located just minutes from Lancaster’s vibrant downtown, you'll have easy access to restaurants, shops, and cultural attractions, while also being a short drive from scenic country landscapes. Don’t miss out on this opportunity—schedule your tour today!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1504.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Ductless, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Baseboard, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Brick

  • Other Exterior Features

    Balcony

  • Parking

    Oversized, Private, Garage, Detached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.05

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Converted Dwelling

Price

  • Sales Price

    $359,900

  • Tax Amount

    3276.95

  • Sq. Footage

    1, 504

  • Price/SqFt

    $239

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of Benuel Tobias Fisher , Manor West Realty

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Turnkey 2-Unit Investment in Lancaster City’s Southeast Neighborhood! Discover a rare opportunity to own this fully furnished and fully renovated duplex in Lancaster City with all furnishings included! Perfect for investors or anyone looking to live in one unit and rent the other with minimal maintenance. Both units were completely renovated in 2022, including all-new plumbing, electrical, heating, and cooling systems. Several windows and roof sections were also replaced, ensuring long-term durability and efficiency. The property is zoned as a 2-unit and includes shared laundry in the basement plus an oversized one-car garage—a rare bonus in the city. The owners of corner property next door have plans to develop the building into a community HUB, further improving the block. Unit 1 (First Floor): A beautifully designed 1-bedroom, 1-bath apartment featuring high ceilings, modern lighting, new flooring, and stylish furnishings throughout. The kitchen boasts updated cabinetry, granite counters, stainless appliances, and open shelving. This unit has averaged $1,600–$1,700/month (utilities included) as a proven mid-term rental. Unit 2 (Upper Unit): A spacious 1-bedroom apartment with two sleeping areas, comfortably sleeping four guests. This unit was previously rented to a long-term tenant at below-market rent, but projected furnished rental income is $2,000–$2,100/month based on comparable stays. Whether you continue as a furnished mid-term rental, transition to traditional leases, or occupy one unit while renting the other, this property delivers flexibility, strong returns, and peace of mind thanks to its recent full renovation and efficient systems. Located just minutes from Lancaster’s vibrant downtown, you'll have easy access to restaurants, shops, and cultural attractions, while also being a short drive from scenic country landscapes. Don’t miss out on this opportunity—schedule your tour today!

257 S ANN STREET

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