Date
Details
Price
Change
Source
7/02/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. 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.
Full Property Details
Full Property Details for 121 Laurel St
General
- Price: $350,000
- Taxes: $4,590 (2025)
- Status: Active
- Type: Triplex
- Source: BrightMLSPhilly
- MLS ID: PALA2090842
- Updated: 7/4/2026
- Added to Site: 6 day(s) ago
Rental Information
- Lease Info: Month to Month
Interior
- Appliances: Oven/Range - Gas, Refrigerator
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: Detached Garage
- Garage Description: Garage - Side Entry
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: LANCASTER
- Driving Directions: From Manor St, Turn on Fairview, Left on Vine St, Property is on the corner of Vine/Laurel St
School Information
- School District: School District Of Lancaster
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Radiator
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Converted Dwelling
- Structure Type: Over Storefront
- Construction: Brick, Masonry
- Roof: Rubber, Shingle, Metal
- Square Feet: 1,876
- Sq. Ft. Source: Assessor
- Living Area: 1,876 Sq. Ft.
- Finished Above Grnd: 1,876 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Assessor
- Zoning: R3
Financial Considerations
- Price Per Sq. Ft.: $186.57
- Assessment Year: 2026
- School Tax: $2,831
- City/TownTax: $1,404
- City/TownTax Freq: Annually
- County Tax: $356
- County Tax Freq: Annually
- Tax w/Assessment: $111,100
- Tax Amount: $4,590
- Tax Year: 2025
- Owner Pays: Electricity, Insurance, Sewer, Taxes - Real Estate, Water, Trash Collection
- Tax Total Finished Sq. Ft.: 2176
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants personal effects, commercial space window unit
- Inclusions: 2 refrigerators and 2 oven ranges
Listed by Keller Williams Elite, Matthew Joseph Koch and Keller Williams Elite, David Garpstas
We Value Your Privacy
We Value Your Privacy
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Listing agents
— 121 Laurel St —
Matthew Joseph Koch
Keller Williams Elite
David Garpstas
Keller Williams Elite
Listing Office Email: klrw1040@kw.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 121 Laurel St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Price El School 615 Fairview Avenue, Lancaster, PA 17603 | PK-5 | 0.5 mi |
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603 | 6-8 | 0.7 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 Laurel St
Tax History
Tax History for 121 Laurel St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,443
1%
$111,100
—
2024
$4,396
6%
$111,100
—
2023
$4,142
—
$111,100
—
2022
$4,142
1%
$111,100
—
2021
$4,099
1%
$111,100
—
2020
$4,053
2%
$111,100
—
2019
$3,993
-14%
$111,100
—
2018
$4,652
22%
$111,100
34%
2017
$3,812
2%
$83,000
—
2016
$3,732
1%
$83,000
—
2015
$3,688
4%
$83,000
—
2014
$3,544
—
$83,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 Laurel St
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Listed by Scott Moore Team (717) 761-4800
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- Single Family
- Active
- Updated 1 day ago
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- 1,984Sq. Ft.
- Single Family
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- Updated 18 hours ago
- 5Beds
- 3Total Baths
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121 Laurel Street, Lancaster, PA 17603 (MLS# PALA2090842) is a Triplex property with 0 bedrooms and 0 full bathrooms. 121 Laurel Street is currently listed for $350,000 and was received on July 02, 2026. Want to learn more about 121 Laurel Street? Do you have questions about finding other Triplex real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.