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 4, large one bedroom apartments. 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. *****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
For sale
Price cut: $10.1K (7/23)
$599,900
540 E King St #542, Lancaster, PA 17602
--beds
--baths
2,352sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$255/sqft
$-- HOA
What's special
Two large garagesAdditional studio unit
- 308 days
- on Zillow |
- 320 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 09:10am
Listed by:
Matthew Koch 717-788-8347,
Keller Williams Elite 7175532500,
Listing Team: Koch Garpstas Realty Group, Co-Listing Team: Koch Garpstas Realty Group,Co-Listing Agent: David Garpstas 717-208-0253,
Keller Williams Elite
Source: Bright MLS,MLS#: PALA2059304
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,352
- Total interior livable area: 2,352 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear, On Street, Attached, Off Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 7,841 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3373141600000
- Zoning: R3
- Zoning description: Medium Density
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick, Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $197,200
- Annual tax amount: $7,803
- Date on market: 10/23/2024
- Listing agreement: Exclusive Right To Sell
- Exclusions: Tenants Personal Property
- Ownership: Fee Simple
- Loading
- Loading
