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$1,095,000 Just Listed
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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 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.
Full Property Details
Full Property Details for 205 E King St
General
- Price: $1,095,000
- Taxes: $5,959 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PALA2085982
- Updated: 4/30/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Wood, Laminated, Luxury Vinyl Plank, Ceramic Tile
Parking
- Total Spaces: 2
- Parking Type: On Street, Private Garage
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: LANCASTER
- Subdivision: MUSSER PARK
- Driving Directions: Head North on Duke St, turn left on E King St, Destination will be on the left.
School Information
- High School: McCaskey Campus
Heating & Cooling
- Cooling Type: Other, Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Forced Air, Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Year Built: 1870
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Assessment Year: 2026
- School Tax: $3,717
- City/TownTax: $1,903
- City/TownTax Freq: Annually
- County Tax: $438
- County Tax Freq: Annually
- Tax w/Assessment: $150,600
- Tax Amount: $5,959
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by Lusk & Associates Sotheby's International Realty, Anne M Lusk
Get Pre-Approved Today
Schools
Schools serving 205 E King St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Wickersham El School 401 North Reservoir Street, Lancaster, PA 17602 | PK-5 | 0.8 mi |
Lincoln Middle School 1001 Lehigh Avenue, Lancaster, PA 17602 | 6-8 | 1 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 0.9 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 205 E King St
Date
Details
Price
Change
Source
4/30/2026
Listed
$1,095,000
455.84%
MLS
5/04/2016
Sold
$197,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 205 E King St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,022
1%
$150,600
—
2024
$5,959
6%
$150,600
—
2023
$5,615
—
$150,600
—
2022
$5,615
1%
$150,600
—
2021
$5,556
1%
$150,600
—
2020
$5,495
2%
$150,600
—
2019
$5,412
-14%
$150,600
—
2018
$6,305
71%
$150,600
87%
2017
$3,693
2%
$80,400
—
2016
$3,615
1%
$80,400
—
2015
$3,573
4%
$80,400
—
2014
$3,433
—
$80,400
—
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 205 E King St
205 E King Street, Lancaster, PA 17602 (MLS# PALA2085982) is a Apartment property. 205 E King Street is currently listed for $1,095,000 and was received on May 01, 2026. Want to learn more about 205 E King Street? Do you have questions about finding other Apartment real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

