313-315 E COTTAGE AVE, Millersville, PA 17551

• 1,488 sqft

Property Description

Set on a generous 1.5-acre lot, this rare investment opportunity features two separate 2-bedroom single-family homes plus a professional level garage in the back of the lot that produces an additional income stream. The property offers exceptional flexibility, strong income potential, and long-term upside. Whether you choose to live in one home and rent the other or lease both, this is a true multi-stream income-producing asset in a high-demand rental corridor. Ideally located just minutes from Millersville University, the property benefits from consistently strong rental demand driven by students, university staff, and the surrounding workforce. Significant improvements have been completed throughout both homes and structures, including mechanical systems and basement waterproofing. Unit 313 is currently rented (lease includes detached 2 car garage behind it) and features hardwood floors, an enclosed front porch, rear deck, updated hot water heater and gas furnace, a dry-locked basement with Bilco access, and a detached two-car garage. Unit 315 offers updated interior finishes, hardwood floors, front and rear porch/patio spaces, new Bilco doors providing improved basement access and functionality, and plenty of off street parking. All of the improvements to the property help reduce future capital expense concerns for the buyer. A standout feature of the property is the upgraded income producing garage in the rear of the lot. The new structure is complete with a car lift and ample space for automotive work, equipment, or hobby/business use, adding versatility beyond traditional residential income. With two homes, two garages, and multiple income streams, this property offers a rare combination of land, location, and flexibility in a consistently strong rental market with enduring demand.

Listing Status:

Active

Data Last Updated:

June 22, 2026 at 9:20PM

Listing Office:

Berkshire Hathaway HomeServices Homesale Realty : 7173930100

Listing Agent:

Stephanie Frysinger : 6106091167

MLS ID:

PALA2090552

Interior

• General: Ceiling Fan(s)Entry Level BedroomUpgraded CountertopsWood Floors
• Appliances: DishwasherDryerOven/Range - ElectricRefrigeratorWasher
• Basement: DrainFullInterior accessOutside entrancePoured concreteSump pumpUnfinishedWater proofing system
• Flooring: Ceramic tileHardwoodVinyl
• A/C: Ceiling Fan(s)Window Unit(s)
• Heating: Forced AirHot WaterRadiatorNatural GasOil
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Bungalow
• Other Structures: EnclosedPorchDeckPatio
• Parking: Asphalt Driveway

Construction

• Roofing: CompositeShingle
• General: Vinyl SidingBlock

Location

• Originating MLS: BRIGHT_MAIN
• School District: PENN MANOR
• County: LANCASTER-PA

Lot

• Zoning: RESIDENTIAL440-44442-0-0000

Utilities

• Utilities: Cable tv availableElectric availableNatural gas availableSewer availableWater available200 amp service
• Water: Well
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenant personal property and staging items.