365 College Avenue

Lancaster, PA 17603

$545,000
Price
Beds
Baths
3,375 Sq. Ft.
$161 / Sq. Ft.
3,375
Sq. Ft.
$161
per Sq. Ft.

Description

Showings starting thursday 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking...Showings starting thursday 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
  1. Listed by Corinn E. Kirchner • PPM Real Estate, Inc.
    P: (717)-394-3374 corinn@ppmproperties.com
  2. Listed by Alexandra Ebert • PPM Real Estate, Inc.
    P: (717)-394-3374 alex@ppmproperties.com

Property Details for 365 College Avenue

Tax ID Number
339-02141-0-0000
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Views
City
Garage
No
Municipality
LANCASTER CITY
LISTING UPDATED: 02/01/2025 12:47 PM

Property Details for 365 College Avenue

StatusPending
MLS #PALA2063562
Days on Market5
Taxes$10,025 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1905
Lot Size0.12 AC / 5,227 SF
CountyLancaster County

Building Information for 365 College Avenue

Stories-Residences4Year Built1905Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 365 College Avenue

Location
Location
  • School District Name: SCHOOL DISTRICT OF LANCASTER
  • School District County ID: 300200397286
  • SchoolDistrictSource: Listing Agent
  • 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $250,700
  • Year Assessed: 2024
  • County Tax: $729
  • Improvement Assessed Value: $211,300
  • City Town Tax: $3,168
  • Land Assessed Value: $39,400
  • Clean Green Assessed: No
  • Land Use Code: 116
  • Zoning: R3 - MEDIUM DENSITY
  • School Tax: $6,126
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 4071396
Parking
Parking
  • Type Of Parking: On Street, Off Street
  • Off Street - # of Spaces: 3
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: Other
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS
  • List Agent URL: ppmproperties.com

Property History for 365 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 365 College Avenue

Taxable ValueLand$39,400Additions$211,300Total$250,700
Tax Record2025$10,025 ($835 / month)
Home Facts
Beds6Baths4Total Finished SqFt3,175 SqFtAbove Grade Finished SqFt3,175 SqFtStories3Lot Size5,227 SqFtStyleSingle Family ResidenceYear Built1905ZoningR3CountyLANCASTERAPN339-02141-0-0000

Schools near 365 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
Thomas Wharton El School
PublicPK to 5

Reynolds 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PPM Real Estate, Inc.

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.