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$1,295,000 Just Listed
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Property Description
31,400 +/- SF property with Prince Street frontage in a walkable, vibrant, and amenity-rich section of town with restaurants, retail, educational institutions, market, and arts nearby. The Water Street Parking Garage is located directly behind the property and features over 600 parking spaces. Property is presently tax exempt.
Full Property Details
Full Property Details for 223 N Water St
General
- Price: $1,295,000
- Taxes: (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PALA2081930
- Updated: 1/16/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Apartment Building, Banquet Facility/Lodge, Day Care
Parking
- Parking Type: On Street, Public Garage
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: LANCASTER
- Driving Directions: Located on Prince Street between PCAD and Double C. The parcel address is in the rear and is 223 N Water Street. It is located across the street from the Water Street Parking Garage.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Year Built: 1890
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583
- Lot Size Source: Assessor
- Zoning: (CB) CENTRAL BUSINESS
Financial Considerations
- Tax w/Assessment: $969,000
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by High Associates Ltd., Michael Bowser
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Schools
Schools serving 223 N Water St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Fulton El School, Lancaster, PA 225 West Orange Street, Lancaster, PA 17603 | PK-5 | 0.2 mi |
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603 | 6-8 | 0.5 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 223 N Water St
Date
Details
Price
Change
Source
1/16/2026
Listed
$1,295,000
43.89%
MLS
12/24/2021
Sold
$900,000
—
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 223 N Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$38,750
1%
$969,000
—
2024
$38,343
6%
$969,000
—
2023
$36,128
—
$969,000
—
2022
$36,128
1%
$969,000
—
2021
$35,750
1%
$969,000
—
2020
$35,353
2%
$969,000
—
2019
$34,824
-14%
$969,000
—
2018
$40,570
13%
$969,000
24%
2017
$35,772
2%
$778,800
—
2016
$35,021
1%
$778,800
—
2015
$34,605
4%
$778,800
—
2014
$33,253
—
$778,800
—
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 223 N Water St
223 N Water Street, Lancaster, PA 17603 (MLS# PALA2081930) is a Apartment property. 223 N Water Street is currently listed for $1,295,000 and was received on January 16, 2026. Want to learn more about 223 N Water 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.

