122 College Avenue

Lancaster, PA 17603

$499,999
Price
4
Beds
4
Baths
2,630 Sq. Ft.
$190 / Sq. Ft.
2,630
Sq. Ft.
$190
per Sq. Ft.

Description

Prime Investment Opportunity! This quadruplex multi family offers an incredible income-generating potential. All units, tenants pay for electric. Unit 1 & Unit 4 tenants pay for gas. Unit 2 & 3 Both 2nd floor gas for the hot water and stove is included in the rent. Situated in a high-demand rental area, this property has strong tenant history and attractive rental rates. Perfect for investors looking to expand their portfolio or for an owner-occupant wanting to live in one unit and rent the others....Prime Investment Opportunity! This quadruplex multi family offers an incredible income-generating potential. All units, tenants pay for electric. Unit 1 & Unit 4 tenants pay for gas. Unit 2 & 3 Both 2nd floor gas for the hot water and stove is included in the rent. Situated in a high-demand rental area, this property has strong tenant history and attractive rental rates. Perfect for investors looking to expand their portfolio or for an owner-occupant wanting to live in one unit and rent the others. Proximity to schools, shopping, public transportation, and major highways makes this an appealing choice for tenants. Don’t miss this chance to secure a multi-family gem with excellent ROI potential!
  1. Listed by John Zunner • RE/MAX Evolved
    P: (717)-330-0308 john@thezunnerteam.com

Property Details for 122 College Avenue

Tax ID Number
335-40334-0-0000
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Subdivision
WEST END LANCASTER
Subdivision
WEST END LANCASTER (LANCASTER PA)
LISTING UPDATED: 12/02/2024 01:16 PM

Property Details for 122 College Avenue

StatusPending
MLS #PALA2060724
Days on Market18
Taxes$5,820 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyLancaster County

Building Information for 122 College Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 122 College Avenue

Location
Location
  • School District Name: SCHOOL DISTRICT OF LANCASTER
  • School District County ID: 300200397286
  • SchoolDistrictSource: Listing Agent
  • High School: MCCASKEY CAMPUS (LANCASTER PA)
  • County: LANCASTER
  • MLS Area: Lancaster City (10533)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $156,100
  • Year Assessed: 2022
  • County Tax: $454
  • Improvement Assessed Value: $122,900
  • City Town Tax: $1,826
  • Land Assessed Value: $33,200
  • Clean Green Assessed: No
  • Land Use Code: 116
  • Zoning: RESIDENTIAL MULTI-FAMILY
  • School Tax: $3,539
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Gas, Trash Collection, Water, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 570
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Oven/Range, Refrigerator
  • Total Rooms: 3
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Finished SQFT: 1018
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Oven/Range, Refrigerator
  • Total Rooms: 4
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Level: 2
  • Unit Type Finished SQFT: 448
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Oven/Range, Refrigerator
  • Total Rooms: 3
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 570
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Unit Type Features: Oven/Range, Refrigerator
  • Total Rooms: 3
Financial Information
Expenses
  • Operating Expense: $4,220
  • Trash Expense: $104
  • Water Avg Month: $117
  • Water Prev 12 Months: $1,400
  • Electric Avg Month: $25
  • Electric Prev 12 Months: $300
Financial Information
  • Annual Rental Income: $43,500
  • Income Includes: Apartment Rentals, Parking
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,630.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 4059034
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Washer/Dryer Hookups Only
  • Accessibility Features: None
  • Security Features: Smoke Detector
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service, 60 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS

Property History for 122 College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 College Avenue

Taxable ValueLand$33,200Additions$122,900Total$156,100
Tax Record2024$6,177 ($515 / month)
Home Facts
Beds4Baths4Total Finished SqFt2,630 SqFtAbove Grade Finished SqFt2,630 SqFtStories3Lot Size3,920 SqFtStyleSingle Family ResidenceYear Built1900ZoningR4CountyLANCASTERAPN335-40334-0-0000Fireplace TypeHas Fireplace

Schools near 122 College Avenue

This home is within Lancaster School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Smith-Wade-El Elementary School
PublicPK to 5

Wheatland Middle School
Public6 to 8

Mccaskey Campus
Public9 to 12

Phoenix Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Evolved

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.