508 South Lime Street

Lancaster, PA 17602

$329,000
Price
5
Beds
2
Baths
2,331 Sq. Ft.
$141 / Sq. Ft.
2,331
Sq. Ft.
$141
per Sq. Ft.

Description

Exceptional investment opportunity! This fully occupied, well-maintained 2-unit property offers steady cash flow and impressive income potential. A brand-new furnace was just installed in November 2024, adding significant value and energy efficiency to the property. Don’t miss this chance to secure a reliable income-generating asset!Exceptional investment opportunity! This fully occupied, well-maintained 2-unit property offers steady cash flow and impressive income potential. A brand-new furnace was just installed in November 2024, adding significant value and energy efficiency to the property. Don’t miss this chance to secure a reliable income-generating asset!
  1. Listed by John D Fisher • Hostetter Realty
    P: (484)-614-8992 jdfisher8992@gmail.com

Property Details for 508 South Lime Street

Tax ID Number
337-97183-0-0000
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Views
City
Garage
No
Municipality
LANCASTER CITY
LISTING UPDATED: 12/02/2024 11:15 AM

Property Details for 508 South Lime Street

StatusActive
MLS #PALA2061170
Days on Market9
Taxes$2,547 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.09 AC / 3,920 SF
CountyLancaster County

Building Information for 508 South Lime Street

Stories-Residences2Year Built1890Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 508 South Lime Street

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: $63,700
  • County Tax: $185
  • City Town Tax: $805
  • Land Assessed Value: $6,800
  • Clean Green Assessed: No
  • Land Use Code: 114
  • Zoning: RESIDENTIAL
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
Multi Family
Unit 1
  • Type: Unit 1
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $6,047
Financial Information
  • Annual Rental Income: $33,600
  • Cap Rate: 8.00
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Road Surface Type: Paved
  • Road Responsibility: City/County
  • Parcel ID: 4066113
Parking
Parking
  • Type Of Parking: On Street
  • Parking Features: Public
Interior Features
Interior Features
  • Interior Features: Combination Kitchen/Dining, Floor Plan - Open, Window Treatments
  • Fireplace: No
  • Appliances: Dryer, Refrigerator, Stove, Washer, Water Heater
  • Accessibility Features: None
  • Door Features: Insulated
  • Window Features: Insulated
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric, Natural Gas Available
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS

Property History for 508 South Lime Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 508 South Lime Street

Taxable ValueLand$6,800Additions$56,900Total$63,700
Tax Record2024$2,521 ($210 / month)
Home Facts
Beds5Baths2.5Total Finished SqFt2,331 SqFtAbove Grade Finished SqFt2,331 SqFtStories3Lot Size3,920 SqFtStyleCondominiumYear Built1890ZoningR3CountyLANCASTERAPN337-97183-0-0000

Schools near 508 South Lime Street

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
King El School
PublicPK to 5

Jackson 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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508 South Lime Street is a multi-family home for sale in Lancaster, PA 17602. This property was listed for sale on November 25, 2024 by Hostetter Realty, it's currently listed at $329,000. It has been on the market for a total of 9 days and was last sold on February 20, 2024. This listing's school district is Lancaster School District. Nearby schools include King El School, Jackson Middle School and Mccaskey Campus. 508 South Lime Street is a 5-bed, 2-bath, 2,331 sqft multi-family home built in 1890.

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 Hostetter Realty

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.