Welcome to your next opportunity! Each apartment has undergone significant renovations during current ownership, resulting in a lovely, turn key investment opportunity in one of the most appealing locations in downtown. Upgrades throughout include hardwood floors, updated kitchens and baths, and sensible, spacious living areas. Apt 1 was a thriving Airbnb, and more recently a furnished mid term rental to abide by recent city regulations. The remaining apartments are occupied by tenants that would love to stay, and opportunity for upside remains in those rent prices. Heat and electricity are seperated, with natural gas radiators providing a highly efficient heat source for tenants. 3 of the apartments have their own laundry facilities, an unusual and highly desirable amenity for affordable apartments. All of this is located across from the lovely Musser Park, and just a short walk from the wonderful amenities of downtown Lancaster. Many amazing dining destinations, shopping, the arts scene, the nightlife and so much more are at your fingertips in this location. For investors, buy this for the appreciation and cashflow, or for an owner occupant this could make a wonderful opportunity for a low down payment FHA purchase and having a large portion of your living expenses covered. Take this opportunity to own your very own piece of thriving Lancaster!
Sold for $575,000 on 02/05/24
$575,000
305 E Chestnut St, Lancaster, PA 17602
5beds
2,882sqft
Single Family Residence
Built in 1880
2,614 Square Feet Lot
$618,100 Zestimate®
$200/sqft
$1,665 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 06, 2024 at 04:51am
Listed by:
Benuel Esh 717-344-4480,
Keller Williams Elite,
Listing Team: Esh & Associates
Bought with:
Jennifer Jane Jacoby, RS358581
Hometown Property Sales
Source: Bright MLS,MLS#: PALA2044284

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 5
Basement
- Description: Percent Finished: 0.0
- Area: 1200
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Stainless Steel Appliance(s), Dryer, Water Heater, Washer, Gas Water Heater
- Laundry: Main Level, In Basement, Has Laundry
Features
- Combination Kitchen/Living, Bathroom - Tub Shower, Upgraded Countertops, Plaster Walls, Wood Ceilings, Dry Wall
- Flooring: Hardwood, Luxury Vinyl, Wood
- Windows: Double Hung, Double Pane Windows, Vinyl Clad
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,082
- Total interior livable area: 2,882 sqft
- Finished area above ground: 2,882
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Three
- Stories: 3
- Patio & porch: Porch
- Exterior features: Lighting, Play Area
- Pool features: None
- Fencing: Wood
- Has view: Yes
- View description: City
Lot
- Size: 2,614 sqft
- Features: Level, Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3365530800000
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt,Rubber
Condition
- Excellent,Very Good
- New construction: No
- Year built: 1880
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Fire Alarm
Location
- Region: Lancaster
- Subdivision: Musser Park
- Municipality: LANCASTER CITY
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
- Road surface type: Black Top
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$618,100
2% more+ $12,362
With Zillow Showcase(estimated)
$630,462