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709 N Duke St

$919,000

709 N Duke St, Lancaster, Pa 17602

Active
Last Updated: 02/08/2025

6

Cap Rate

4,987 sqft

Building Size

Details:
Cap Rate:    6%
Building Size:    4,987 sqft
Year Built:    1890
Price Per Sqft:    $184.28
Zoning:    RESIDENTIAL
Roof:    Architectural Shingle, Rubber
Highlights:
  • Days on Market: 48
  • Parking Features: Unassigned
  • Heating: Forced Air
Description:

Level

Welcome to this gorgeous, newly renovated 5 unit property! You'll love the location in beautiful downtown Lancaster, just steps from LGH hospital. The new owner will get the benefit of what's practically a new building, and get to enjoy cash flow from a high quality asset for years to come. The property blends modern convenience with classic charm, featuring spacious, well-designed living areas and desirable amenities such as high ceilings and hardwood floors throughout. Each residence features stylish, fully upgraded kitchens with sleek granite countertops, tile backsplashes, and all-new appliances, including dishwashers. The bathrooms provide a similar level of finishes, featuring plenty of tile throughout. Enjoy the comfort of central air, all new HVAC systems to keep utility bills in check, and a laundry area in the lower level provided for the convenience of tenants. Additional upside could include additional parking in the large rear lot or potentially even building additional apartments, or creating storage in the large, dry basement area. The location means you'll have a short walk to restaurants, shops, and cultural attractions, while also being a short drive from scenic country landscapes and 1/2 mile to the Amtrak station for convenient access to Philly, NYC and much more. Don’t miss out on this opportunity—schedule your tour today!

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