121 LAUREL ST Lancaster, PA 17603
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,876 sqft
Price per Sqft $186
MLS Listing ID PALA2090842
Style Converted Dwelling
Abv Grd Liv Area 1,876
Year Built 1900
Annual Tax Amount $4,590
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Triplex
Source BRIGHT
Property Description
The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream.
The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants.
The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R3
Interior
Hot Water Electric
Heating Hot Water, Radiator
Cooling None
Inclusions 2 refrigerators and 2 oven ranges
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Parking Features Garage - Side Entry
Garage Spaces 2.0
Water Access N
Roof Type Rubber,Shingle,Metal
Accessibility None
Total Parking Spaces 2
Garage Y
Building
Above Ground Finished SqFt 1876
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 338-18334-0-0000
Ownership Fee Simple
SqFt Source 1876
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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