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$695,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago
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Outstanding investment opportunity featuring a 6-unit mixed-use property with apartments, laundromat, and restaurant, located on a prominent corner in Northeast Lancaster City. This turnkey asset is a strong addition to any real estate portfolio, offering 4 apartment units, an operating laundromat with 14 commercial washers and dryers plus an ADA bathroom, and a fully equipped restaurant with stainless steel equipment. Long-standing tenants rents have lots of room for increase. $42,000 annual net income.

Full Property Details for 352 E New St

General

  • Price: $695,000
  • Taxes: $11,507 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: PALA2087358
  • Updated: 5/11/2026
  • Added to Site: 14 day(s) ago

Interior

  • Interior Features: Kitchen - Eat-In, Wood Floors
  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring: Vinyl, Wood

Additional Information

  • Security/Safety: Smoke Detector, 24 hour security, Security System

Exterior

  • Exterior Features: Fire Escape, Sidewalks, Street Lights
  • Porch/Patio/Deck: Balconies- Multiple

Parking

  • Parking Type: On Street

Location

  • Area: Lancaster City (10533)
  • Municipality: LANCASTER CITY
  • County: LANCASTER
  • Driving Directions: On the corner of E. New Street & N. Plum Street.

School Information

  • School District: School District Of Lancaster

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Septic
  • Water: Public
  • Utility Description: Natural Gas Available

Structural Information

  • Architectural Style: Traditional
  • Structure Type: Other
  • Construction: Brick
  • Basement: Yes
  • Basement Entrance: Yes
  • Basement Desc.: Outside Entrance, Full, Poured Concrete
  • Foundation: Stone
  • Roof: Metal, Rubber
  • Walls/Ceilings: Dry Wall
  • Windows: Replacement
  • Stories/Levels: 3
  • Square Feet: 4,392
  • Sq. Ft. Source: Estimated
  • Living Area: 4,392 Sq. Ft.
  • Finished Above Grnd: 4,392 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Assessor
  • Property Condition: Very Good, Good

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6

Lot Features

  • Property View: Street
  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 3,049
  • Lot Size Source: Assessor
  • Lot Dimensions: 25 x 109
  • Zoning: MIXED USE
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $158.24
  • Assessment Year: 2026
  • School Tax: $7,096
  • City/TownTax: $3,520
  • City/TownTax Freq: Annually
  • County Tax: $891
  • County Tax Freq: Annually
  • Tax w/Assessment: $278,500
  • Tax Amount: $11,507
  • Tax Year: 2025
  • Owner Pays: Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Taxes - Real Estate, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Restaurant operator's equipment.
  • Inclusions: All laundry mat equipment. Most of the restaurant equipment.

Listed by Kingsway Realty - Lancaster, Ervin J Barkman

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Listing agent

— 352 E New St —

  • Ervin J Barkman

    Kingsway Realty - Lancaster

Listing Office Email: lynn@kingswayrealty.com

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

Schools serving 352 E New St

School District:Lancaster School District
NameGradesDistance
Ross El School, Lancaster, PA
840 North Queen Street, Lancaster, PA 17603
PK-50.6 mi
Lincoln Middle School
1001 Lehigh Avenue, Lancaster, PA 17602
6-80.8 mi
Mccaskey Campus
445 North Reservoir Street, Lancaster, PA 17602
9-120.5 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 352 E New St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/10/2026
Listed
$695,000
135.59%
MLS
9/12/2016
Sold
$295,000
—
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 352 E New St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,137
1%
$278,500
—
2024
$11,020
6%
$278,500
—
2023
$10,384
—
$278,500
—
2022
$10,384
1%
$278,500
—
2021
$10,275
1%
$278,500
—
2020
$10,161
2%
$278,500
—
2019
$10,009
-14%
$278,500
—
2018
$11,660
61%
$278,500
76%
2017
$7,253
2%
$157,900
—
2016
$7,100
1%
$157,900
—
2015
$7,016
4%
$157,900
—
2014
$6,742
—
$157,900
—
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.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Kingsway Realty - Lancaster, Ervin J Barkman

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352 E New Street, Lancaster, PA 17602 (MLS# PALA2087358) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 352 E New Street is currently listed for $695,000 and was received on May 10, 2026. Want to learn more about 352 E New Street? Do you have questions about finding other Multi-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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