225 231 E King St
$2,175,000
225 231 E King St, Lancaster, Pa 17602
For Sale
Multifamily
Active
Last Updated: 02/05/2025
8.4
Cap Rate
181,954.95
NOI
Details:
Cap Rate: 8.4%
NOI: $181,954.95
Building Size: 13,450 sqft
Year Built: 1870
Price Per Sqft: $161.71
Zoning: COMMERCIAL/RESIDENTIAL
Roof: Shingle, Rubber
Highlights:
- Days on Market: 19
- Heating: Radiant, Baseboard - Electric
Description:
What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site.
Assessment values, tax values, building/lot area are combined totals based off of public records
Location
Gallery
