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$552,000
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Property Description
Turnkey 3-Unit Investment Property in Prime Location Welcome to 322 W. James Street, a beautifully renovated three-unit investment property ideally located in the heart of Lancaster City. Built in 1900 and thoughtfully updated from basement to roof, this exceptional property offers the perfect blend of historic charm and modern convenience-making it an outstanding opportunity for investors or owner-occupants seeking rental income. This well-maintained property features two spacious 1-bedroom apartments and one 2-bedroom apartment, offering strong rental appeal and excellent tenant retention. Each unit has been upgraded with modern kitchens and baths, gleaming wood floors, and attractive finishes that retain the character of the original structure. Updated Systems & Smart Investment Design One of the most valuable features of this property is the separated electric and gas utilities-a major convenience for both landlords and tenants. Each unit operates independently for efficiency and ease of management. The spacious basement provides ample storage space for tenants, along with a coin-operated washer and dryer, creating an added source of income and convenience. These thoughtful upgrades demonstrate a clear attention to detail and an understanding of long-term investment strategies. Added Bonus: Oversized Garage & Private Rear Yard Unlike many multi-unit city properties, 322 W. James Street includes an oversized garage-perfect for parking, storage, or potential additional rental income. The private rear yard offers green space for tenants to enjoy and adds to the overall appeal of the property. Ideal Walkable Location Located in a highly desirable neighborhood, this property is just a short walk to Franklin & Marshall College, Lancaster General Hospital, and beloved local favorites like LUCA Restaurant, The Fridge, Mean Cup, and the Lancaster Barnstormers ballpark. The area is also home to numerous boutiques, coffee shops, galleries, and brew pubs-making this a highly rentable location for professionals, students, and city dwellers alike. With easy access to major roads, public transportation, and vibrant downtown Lancaster, this property offers everything savvy investors look for: location, updates, income potential, and long-term growth. Don't miss this rare opportunity to own a fully renovated, income-generating 3-unit property in one of Lancaster's most sought-after neighborhoods. Whether you're building your portfolio or looking for a live-in investment, 322 W. James Street is a property you won't want to miss. Schedule your private showing today!
Full Property Details
Full Property Details for 322 W James St
General
- Sold For: $552,000
- Taxes: $7,668 (2024)
- Status: Closed
- Type: Triplex
- Source: BrightMLSPhilly
- MLS ID: PALA2069126
- Added to Site: 294 day(s) ago
Additional Information
- Security/Safety: Smoke Detector, Main Entrance Lock
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Off Street, Detached Garage
- Garage Description: Garage - Rear Entry, Oversized, Inside Access, Additional Storage Area
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: Lancaster
- Development Name: Chestnut Hill
- Subdivision: Chestnut Hill
- Cross Streets: N. Concord
- Driving Directions: W.James Street between N. Concord and N. Mulberry St.
School Information
- School District: School District Of Lancaster
- Elementary School: Wharton
- Middle School: John F Reynolds
- High School: McCaskey Campus
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric, Heat Pump - Electric BackUp
- Heating Fuel: Electric
- Water Heater: Natural Gas, Multi-tank
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Phone, Sewer Available, Water Available
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Interior Row/Townhouse
- Construction: Brick, Masonry
- Foundation: Pillar/Post/Pier, Stone
- Windows: Insulated
- Stories/Levels: 0
- Square Feet: 2,642
- Sq. Ft. Source: Assessor
- Living Area: 2,642 Sq. Ft.
- Finished Above Grnd: 2,642 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 2
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Lot Features: Rear Yard
- Zoning: R-3
- Lot Description: Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $208.93
- Assessment Year: 2025
- School Tax: $4,654
- City/TownTax: $2,449
- City/TownTax Freq: Annually
- County Tax: $564
- County Tax Freq: Annually
- Tax w/Assessment: $193,800
- Tax Amount: $7,668
- Tax Year: 2024
- Terms: Standard Sale
- Owner Pays: Insurance, Pest Control, Sewer, Water, Trash Collection, Taxes - Real Estate, Gas, Electricity
- Landlord Pays: Insurance, Pest Control, Sewer, Water, Trash Collection, Taxes - Real Estate, Gas, Electricity
- Tax Total Finished Sq. Ft.: 2642
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: tenants belongings
- Inclusions: apartment appliances, coin-operated washer and dryer
Listed and Sold by RE/MAX Pinnacle, Gilbert B Lyons Jr
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Schools
Schools serving 322 W James St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Thomas Wharton El School 705 North Mary Street, Lancaster, PA 17603 | K-5 | 0.3 mi |
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603 | 6-8 | 0.4 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1.2 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 322 W James St
Date
Details
Price
Change
Source
6/13/2025
Sold
$552,000
—
MLS
5/07/2025
Price Increased
$552,000
5.14%
MLS
5/01/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
322 W James Street, Lancaster, PA 17603 (MLS# PALA2069126) is a Triplex property that was sold at $552,000 on June 13, 2025. Want to learn more about 322 W James 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.

