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135- 137 College Avenue

LANCASTER, PA 17603
  • $1,390,000
  • STATUS: Active Under Contract
  • ON SITE: 14 Days
  • ID#: PALA2087588
Under Contract
UPDATED: 223 min ago
$1,390,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

School District:

Description

Historic three-story downtown investment property full of charm and character, featuring 10 apartments in a prime location within walking distance to Franklin & Marshall College. This well-maintained building showcases original hardwood floors, timeless architectural details, and the classic appeal of a solidly built historic structure. Owner-managed for over 20 years, the property offers gas heat, separate electric meters for each unit, and on-site coin-op laundry. One vacant unit is currently being renovated, creating immediate upside potential. Low operating expenses contribute to a strong return, making this a rare opportunity to own a stable multifamily asset with solid income and enduring character in the heart of downtown.

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-05-19T23:52:34.933.
www.lancasterhome.com/homes/176110142
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135- 137 College Avenue LANCASTER, PA 17603

  • Price: $1,390,000
  • Status: Active Under Contract
  • On Site: 14 Days
  • Updated: 223 min ago
  • ID#: PALA2087588
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1890
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Historic three-story downtown investment property full of charm and character, featuring 10 apartments in a prime location within walking distance to Franklin & Marshall College. This well-maintained building showcases original hardwood floors, timeless architectural details, and the classic appeal of a solidly built historic structure. Owner-managed for over 20 years, the property offers gas heat, separate electric meters for each unit, and on-site coin-op laundry. One vacant unit is currently being renovated, creating immediate upside potential. Low operating expenses contribute to a strong return, making this a rare opportunity to own a stable multifamily asset with solid income and enduring character in the heart of downtown.
Exterior Features

Construction Materials Brick Garage YN No Location Type Downtown Parking Types On Street Roof Rubber View CityStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Ceiling Fan(s)Window Unit(s) Flooring HardwoodVinyl Heating Radiator Heating YN Yes Inclusions Coin Op Washer& Dryer; Appliances in each unit. Net Square Feet 4356.00

Property Features

Acceptable Financing CashConventionalOther Accessibility Features 2+ Access Exits Central Air YN No Cooling Fuel None Gross Income 142740.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality LANCASTER CITY Navigable Water YN N Net Operating Income 109501.00 New Construction YN No Number Of Units Total 10 Operating Expense 33239.00 Operating Expense Includes InsuranceWaterSewerTrashOther Original MLSNumber 804876254588 Owner Pays WaterSewerTrash CollectionGas Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 12214.00 Transportation Bus Stop less than 1 mile Vacation Rental YN No Water Source Public Zoning MULTI- FAMILY

Listing courtesy of Coldwell Banker Realty: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-05-19T23:52:34.933.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601
<-- Client Provided 11/13/24-- >