540 East King Street

Lancaster, PA 17602

$640,000
Price
Beds
2,352 Sq. Ft.
$272 / Sq. Ft.
2,352
Sq. Ft.
$272
per Sq. Ft.

Description

Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has a mix of unit sizes and a mix of tenant duration. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for...Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has a mix of unit sizes and a mix of tenant duration. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue.
  1. Listed by Matthew Joseph Koch • Keller Williams Elite
    P: (717)-475-7654 matthew@kghomegroup.com
  2. Listed by David Garpstas • Keller Williams Elite
    P: (717)-208-0253 dgarpstas@kw.com

Property Details for 540 East King Street

Tax ID Number
337-31416-0-0000
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
Yes
Municipality
LANCASTER CITY
Total Parking Spaces
2
LISTING UPDATED: 12/09/2024 12:26 PM

Property Details for 540 East King Street

StatusActive
MLS #PALA2059304
Days on Market60
Taxes$7,886 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.18 AC / 7,841 SF
CountyLancaster County

Building Information for 540 East King Street

Stories-Residences4Year Built1890Building Size-Lot Size0.18 AC / 7,841 SF

Property Information for 540 East King 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $197,200
  • Year Assessed: 2024
  • County Tax: $574
  • Improvement Assessed Value: $174,800
  • City Town Tax: $2,492
  • Land Assessed Value: $22,400
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 116
  • Zoning: RESIDENTIAL
  • School Tax: $4,819
  • 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: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,352.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 4064187
Parking
Parking
  • Type Of Parking: On Street, Attached Garage, Off Street
  • Num of Attached Garage Spaces: 2
  • Total Garage Spaces: 2
  • Garage Features: Garage - Rear Entry
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS

Property History for 540 East King 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 540 East King Street

Taxable ValueLand$22,400Additions$174,800Total$197,200
Tax Record2024$7,803 ($650 / month)
Home Facts
Beds4Baths4Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtStories2Lot Size7,841 SqFtStyleSingle Family ResidenceYear Built1890ZoningR4CountyLANCASTERAPN337-31416-0-0000

Schools near 540 East King 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
Wickersham El School
PublicPK to 5

Lincoln 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.

Similar Homes

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540 East King Street is a multi-family home for sale in Lancaster, PA 17602. This property was listed for sale on October 23, 2024 by Keller Williams Elite, it's currently listed at $640,000. It has been on the market for a total of 60 days and was last sold on January 2, 2018. This listing's school district is Lancaster School District. Nearby schools include Wickersham El School, Lincoln Middle School and Mccaskey Campus. 540 East King Street is a 0-bed, 0-bath, 2,352 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 Keller Williams Elite

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.