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$224,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 1,700 Sq. Ft.
  • Updated 9 hours ago
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*6 Mostly Tenant-Occupied Downtown Lancaster Properties Just Listed. Offered for sale individually or as a full investment portfolio: 2-UNIT 241 N FRANKLIN ST. $224,900., 1-UNIT 243 N FRANKLIN ST. $210,000., 3-UNIT 152 E WALNUT ST. $499,900., 1-UNIT 40 N PLUM ST. $229,900., 2-UNIT 145 E CHESTNUT ST. $574,900, 3-UNIT + GARAGE 404 W ORANGE ST. $349,900.* With a total finished area of 1,700. sq. ft. , this property offers a solid foundation for generating rental income. The well-maintained structure features durable brick construction and a full basement, providing ample storage or potential for additional living space. Situated on a compact 0.04-acre lot, this property is designed for efficiency, making it easy to manage while maximizing returns. On-street parking adds convenience for tenants, enhancing its appeal in the rental market. Investors will appreciate the good condition of the property, allowing for immediate occupancy or rental. The traditional architectural style invites a warm, homey atmosphere, making it attractive to a wide range of potential tenants. With the right management, this property can yield significant returns, making it a smart addition to any real estate portfolio. Don't miss out on this opportunity to invest in a piece of history with modern potential!

Full Property Details for 241 N Franklin St

General

  • Price: $224,900
  • Taxes: $2,372 (2026)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PALA2086990
  • Updated: 5/13/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Lease Info: Gross, Yearly, Month to Month

Parking

  • Parking Type: On Street

Location

  • Area: Lancaster City (10533)
  • Municipality: LANCASTER CITY
  • County: LANCASTER
  • Driving Directions: PLEASE REFERENCE GPS

School Information

  • School District: School District Of Lancaster

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Oil
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Twin/Semi-Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Stone
  • Square Feet: 1,700
  • Sq. Ft. Source: Estimated
  • Living Area: 1,700 Sq. Ft.
  • Finished Above Grnd: 1,700 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Excellent

Unit Information

  • Other Units: Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Size Source: Estimated
  • Zoning: 114 RES 2-FAM

Financial Considerations

  • Price Per Sq. Ft.: $132.29
  • Assessment Year: 2026
  • School Tax: $1,462
  • County Tax: $184
  • County Tax Freq: Annually
  • Tax w/Assessment: $57,400
  • Tax Amount: $2,372
  • Tax Year: 2026
  • Tax Total Finished Sq. Ft.: 1220

Disclosures and Reports

  • Ownership: Fee Simple
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 241 N Franklin St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 241 N Franklin St

School District:Lancaster School District
NameGradesDistance
Wickersham El School
401 North Reservoir Street, Lancaster, PA 17602
PK-50.2 mi
Lincoln Middle School
1001 Lehigh Avenue, Lancaster, PA 17602
6-80.4 mi
Mccaskey Campus
445 North Reservoir Street, Lancaster, PA 17602
9-120.3 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 241 N Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$224,900
114.19%
MLS
6/16/2006
Sold
$105,000
—
Public Record
Get Price Alerts and Save Property
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 for 241 N Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,295
1%
$57,400
—
2024
$2,271
6%
$57,400
—
2023
$2,140
—
$57,400
—
2022
$2,140
1%
$57,400
—
2021
$2,118
1%
$57,400
—
2020
$2,094
2%
$57,400
—
2019
$2,063
-14%
$57,400
—
2018
$2,403
-19%
$57,400
-11%
2017
$2,953
2%
$64,300
—
2016
$2,891
1%
$64,300
—
2015
$2,857
4%
$64,300
—
2014
$2,745
—
$64,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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241 N Franklin Street, Lancaster, PA 17602 (MLS# PALA2086990) is a Single Family property with 0 bedrooms and 0 full bathrooms. 241 N Franklin Street is currently listed for $224,900 and was received on May 13, 2026. This property is listed by Katherine "Kate" Bailey from our Exton Office.Want to learn more about 241 N Franklin Street? Do you have questions about finding other Single Family real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

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