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Listed by Anne M Lusk • Lusk & Associates Sotheby's International Realty

$1,095,000

Est. payment - /mo

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3,049 SqFt

Active

205 E KING ST Lancaster, PA 17602

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James Rhoads

[email protected] +1(717) 400-1050

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,049 sqft

Price per Sqft $359

Subdivision Musser Park

MLS Listing ID PALA2088324

Style Other

Abv Grd Liv Area 3,049

Year Built 1870

Annual Tax Amount $5,959

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Other

Source BRIGHT

Property Description

Welcome to a rare opportunity in the heart of Downtown Lancaster, nestled in the vibrant Musser Park, where charm, convenience, and potential come together in one exceptional property. This five-unit building offers a first-floor commercial space with unmatched walkability, easy access to local restaurants, coffee shops, bakeries, shopping, and entertainment. Just steps away from Central Market, the Fulton Theatre, the Ware Center, and the courthouse, the location is ideal for both residential and commercial use. Whether you're an investor seeking strong rental income or an owner-occupant looking to offset expenses, this mixed-use property delivers exceptional versatility. The property includes four residential units along with a dedicated commercial space. The carriage house features a garage on the lower level and an upper-level living space complete with a kitchen, bathroom, dramatic two-story living room, and lofted sleeping area, creating a unique and inviting atmosphere. A private deck and large backyard offer great outdoor living. Across the patio from the carriage house a second-floor unit includes one bedroom, one bath, and a deck, along with a shared patio. The rear unit also offers one bedroom and one bath, showcasing a blend of preserved original character and modern updates. At the front of the building, the first-floor commercial space is a blank canvas ready to be customized for a variety of uses, benefiting from strong foot traffic in this vibrant downtown setting. The fourth residential unit is similar to a single-family home, featuring a mudroom-style entry, a second floor living area with kitchen and living room, and a third floor with two bedrooms and a full bath. With four residential units plus commercial space, multiple income opportunities, and a prime location, this property is a standout investment. Schedule your private tour today.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning RESIDENTIAL

Interior

Hot Water Electric, Natural Gas

Heating Forced Air, Hot Water

Cooling Other, Ductless/Mini-Split

Flooring Wood, Laminated, Luxury Vinyl Plank, Ceramic Tile

Fireplace N

Heat Source Natural Gas

Exterior

Exterior Feature Patio(s), Deck(s)

Parking Features Garage - Side Entry

Garage Spaces 2.0

Water Access N

View City

Accessibility None

Porch Patio(s), Deck(s)

Attached Garage 2

Total Parking Spaces 2

Garage Y

Building

Above Ground Finished SqFt 3049

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

High Schools Mccaskey Campus

School District School District Of Lancaster

Others

Tax ID 332-17207-0-0000

Ownership Fee Simple

SqFt Source 3049

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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James Rhoads

Owner | RSRS310999

+1(717) 400-1050

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205 E KING ST Lancaster, PA 17602

James Rhoads

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

205 E KING ST