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$2,125,000

  • Sold
  • Closed
  • Apartment
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What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site. Assessment values, tax values, building/lot area are combined totals based off of public records

Full Property Details for 225-231 E King St

General

  • Sold For: $2,125,000
  • Taxes: $29,190 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PALA2059588
  • Added to Site: 447 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Hardwood, Laminated, Luxury Vinyl Plank

Parking

  • Total Spaces: 29
  • Parking Type: Parking Lot, Private Garage

Location

  • Area: Lancaster City (10533)
  • Municipality: LANCASTER CITY
  • County: Lancaster
  • Cross Streets: N Jefferson
  • Driving Directions: N on Queen, R on King, Follow 2 blocks and the properties will be on the left beginning on the corner of N Jefferson

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiant, Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Masonry, Stone, Other
  • Roof: Shingle, Rubber
  • Stories/Levels: 0
  • Year Built: 1870
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,859
  • Lot Size Source: Estimated
  • Zoning: COMMERCIAL/RESIDENTIAL

Financial Considerations

  • Price Per Sq. Ft.: $161.71
  • Operating Expenses: $65,446
  • Assessment Year: 2024
  • School Tax: $17,691
  • City/TownTax: $9,651
  • City/TownTax Freq: Annually
  • County Tax: $1,846
  • County Tax Freq: Annually
  • Tax w/Assessment: $745,900
  • Tax Amount: $29,190
  • Tax Year: 2024
  • Owner Pays: Electricity, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Other
  • Landlord Pays: Electricity, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Other

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants personal belongings
  • Inclusions: In unit W/D, Coin operated W/D, Refrigerators
  • Investment: Yes

Listed by Keller Williams Elite, Matthew Joseph Koch and Keller Williams Elite, David Garpstas
Sold by Stoltzfus Realty, John Stoltzfus

Listing agents

— 225-231 E King St —

  • Matthew Joseph Koch

    Keller Williams Elite

  • David Garpstas

    Keller Williams Elite

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 225-231 E King St

Date
Details
Price
Change
Source
2/28/2025
Sold
$2,125,000
-2.3%
MLS
10/29/2024
Listed
$2,175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Elite, Matthew Joseph Koch and Keller Williams Elite, David Garpstas
Sold by Stoltzfus Realty, John Stoltzfus

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225-231 E King Street, Lancaster, PA 17602 (MLS# PALA2059588) is a Apartment property that was sold at $2,125,000 on February 28, 2025. Want to learn more about 225-231 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.