624 South Queen Street

Lancaster, PA 17603

$899,000
Price
Beds
Baths
4,782 Sq. Ft.
$188 / Sq. Ft.
4,782
Sq. Ft.
$188
per Sq. Ft.

Description

5 Unit Building, 10 garages, parking lot and large open space! Sizable footprint just minutes from Lancaster City Square. The total combined footprint is roughly .63 acres with a sizable vacant area that could present an opportunity for additional expansion and/or density. All units are fully leased.5 Unit Building, 10 garages, parking lot and large open space! Sizable footprint just minutes from Lancaster City Square. The total combined footprint is roughly .63 acres with a sizable vacant area that could present an opportunity for additional expansion and/or density. All units are fully leased.
  1. Listed by Matthew Joseph Koch • Keller Williams Elite
    P: (717)-788-8347 matthew@kghomegroup.com
  2. Listed by David Garpstas • Keller Williams Elite
    P: (717)-208-0253 dgarpstas@kw.com

Property Details for 624 South Queen Street

Tax ID Number
334-37179-0-0000
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
LANCASTER CITY WARD 4
Subdivision
LANCASTER CITY WARD 4 (LANCASTER PA)
LISTING UPDATED: 02/27/2025 02:05 AM

Property Details for 624 South Queen Street

StatusActive
MLS #PALA2061696
Days on Market91
Taxes$10,153 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.63 AC / 27,443 SF
CountyLancaster County

Building Information for 624 South Queen Street

Stories-Residences4Year Built1900Building Size-Lot Size0.63 AC / 27,443 SF

Property Information for 624 South Queen 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: 2025
  • Tax Assessed Value: $256,600
  • Year Assessed: 2025
  • County Tax: $746
  • Improvement Assessed Value: $143,000
  • City Town Tax: $3,243
  • Land Assessed Value: $113,600
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 513
  • Zoning: COMMERCIAL
  • Zoning Dscrp: Apartment Building
  • School Tax: $6,163
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Owner Pays: Advertising/Licenses and Permits, Electricity, Insurance, Lawn/Shrub Care, Management, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Units Leased Count: 10
Financial Information
Expenses
  • Operating Expense: $23,942
  • Insurance Expense: $2,116
  • Trash Expense: $1,020
  • Maintenance Expense: $2,400
  • Professional Management Expense: $3,272
Financial Information
  • Net Operating Income: $59,938
  • Annual Rental Income: $83,880
  • Income Includes: Apartment Rentals, Parking, Other
  • Cap Rate: 6.70
  • Existing Lease Type: Long Term, Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,782.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 4058050
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 10
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: None
  • Cooling Fuel: None
  • 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 624 South Queen 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 624 South Queen Street

Taxable ValueLand$113,600Additions$143,000Total$256,600
Tax Record2025$10,261 ($855 / month)
Home Facts
Total Finished SqFt4,782 SqFtAbove Grade Finished SqFt4,782 SqFtStories2Lot Size27,443 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningR3CountyLANCASTERAPN334-37179-0-0000

Schools near 624 South Queen 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
Price 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.

Similar Homes

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624 South Queen Street is a multi-family home for sale in Lancaster, PA 17603. This property was listed for sale on December 7, 2024 by Keller Williams Elite, it's currently listed at $899,000. It has been on the market for a total of 91 days and was last sold on December 3, 2013. This listing's school district is Lancaster School District. Nearby schools include Price El School, Jackson Middle School and Mccaskey Campus. 624 South Queen Street is a 0-bed, 0-bath, 4,782 sqft multi-family home built in 1900.

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.