506 N Queen Street, Lancaster, PA 17603

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$440,000
List Price
$449,900
Closing Date
May 13, 2026
Days on Market
7
Status
CLOSED
MLS#
PALA2077620
Living Area
2,553
Lot Size (Acres)
0.04
Style
Contemporary, Converted Dwelling
Year Built
1885
County
Lancaster
School District
School District Of Lancaster

Property Description

Super duper updated and clean 3 Unit Multi-Family investment building w/ 2 Off Street Parking Spaces w/ excellent cash flow and great tenants in place. Conveniently located one block from Penn Medicine LGH hospital, restaurants, and all conveniences, at the 500 block in the northwest quadrant in Lancaster City. Unit 1 is a 1st floor, 2 bedroom, 1 full bathroom, 6 room spacious apartment bringing $1250 / mo. Unit 2 is a 2nd floor, 1 bedroom, 1 full bathroom, 4 room spacious apartment bringing $1200 / mo. Unit 3 is a 2nd & 3rd floor, 2 bedroom 1 full bathroom 5 room spacious apartment bringing $1250 / mo. 2 Off Street Parking Spots could being additional $50 / mo each for $100 / mo. The building has many important and great upgrades such as replacement double hung windows, laminated vinyl flooring, new paint throughout, 2 new kitchens, stainless steel appliances in unit 2 & 3, new baseboards, new main sewer line and sidewalk. Newly constructed fire escape system. Gas and electric are metered separate and paid by the tenants. Don't delay call and schedule an appointment today!

Additional Information

Area
Lancaster City (10533)
Taxes
$5415
Interior Features
Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Kitchen - Eat-In, Kitchen - Table Space
School District
School District Of Lancaster
High School
Mccaskey Campus
Flooring
Ceramic Tile, Laminate Plank
Exterior Features
Sidewalks, Street Lights, Fire Escape
Heating
Baseboard - Electric
Heating Fuel
Natural Gas, Electric
Cooling
Window Unit(s)
Roof
Shingle, Rubber
Utilities
Cable TV Available, Electric Available, Sewer Available, Water Available, Natural Gas Available
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty. Contact:

Listing courtesy of Coldwell Banker Realty. Contact: