$265,000

31 N BROAD ST, Lancaster, PA 17602

  • 2,048 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon1,742sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $129/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

Welcome to this charming 1900-built Colonial-style duplex located in Lancaster City. This two-unit multi-family property offers approximately 2,048 square feet of living space with a total of 4 bedrooms and 2 bathrooms across both units. Recently passing the Lancaster City lead-based paint inspection, this property provides added peace of mind and helps meet important local compliance standards. Whether you’re looking to expand your investment portfolio or begin your journey as a landlord, this property presents a great opportunity. Gross Monthly Rent: $850 (1BR) + $1,150 (3BR) = $2,000 Gross Annual Rent: $24,000 Owner Pays: Water, sewer, trash (W/S/T) — a common setup that keeps tenants happy but adds to owner expenses (estimate $200–400/month depending on usage). Gross Rent Multiplier (GRM): 11.04 ($265k / $24k) — reasonable for a stabilized older duplex in the area. Taxes: $4,996/year (2022 assessment; recent figures may be similar or slightly higher). Cap Rate Estimate (rough, before other expenses): Around 6–8% gross, depending on maintenance, insurance, vacancy, and management. Long-term tenants are a big plus for stability.

Listing Status:
Active
Data Last Updated:
August 7, 2026 at 7:16AM
Listing Office:
RE/MAX Evolved : 7175092880
Listing Agent:
John Zunner : 7173300308
MLS ID:
PALA2091636
  • General: Kitchen - Eat-In
  • Appliances: Oven/Range - ElectricOven/Range - Gas
  • Basement: Rear entrance
  • Flooring: CarpetVinylTile brick
  • A/C: None
  • Heating: Hot WaterRadiatorElectricNatural Gas
  • Disability Feature: None
  • General: SidewalksStreet LightsAbove GradeBelow Grade
  • Style: Colonial
  • Roofing: Rubber
  • General: BrickMasonryStone
  • Road/Access: 20
  • Originating MLS: BRIGHT_MAIN
  • School District: SCHOOL DISTRICT OF LANCASTER
  • County: LANCASTER-PA
  • Zoning: RESIDENTIAL332-05532-0-0000
  • View: Park/GreenbeltCity
  • Utilities: Cable tv availableNatural gas availableElectric availablePhone availableSewer availableWater available100 amp service
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: Tenants personal property

This listing courtesy of John Zunner , RE/MAX Evolved

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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