506 N Queen Street, Lancaster, PA 17603 - Photo 1

1/1

$440,000

Sold
Closed
Townhouse
2,553 Sq. Ft.
Updated 10 days ago

1/1

Property Description

Super duper updated and clean 3 Unit Multi-Family investment building w/ 2 Off Street Parking Spaces w/ excellent cash flow and great tenants in place. Conveniently located one block from Penn Medicine LGH hospital, restaurants, and all conveniences, at the 500 block in the northwest quadrant in Lancaster City. Unit 1 is a 1st floor, 2 bedroom, 1 full bathroom, 6 room spacious apartment bringing $1250 / mo. Unit 2 is a 2nd floor, 1 bedroom, 1 full bathroom, 4 room spacious apartment bringing $1200 / mo. Unit 3 is a 2nd & 3rd floor, 2 bedroom 1 full bathroom 5 room spacious apartment bringing $1250 / mo. 2 Off Street Parking Spots could being additional $50 / mo each for $100 / mo. The building has many important and great upgrades such as replacement double hung windows, laminated vinyl flooring, new paint throughout, 2 new kitchens, stainless steel appliances in unit 2 & 3, new baseboards, new main sewer line and sidewalk. Newly constructed fire escape system. Gas and electric are metered separate and paid by the tenants. Don't delay call and schedule an appointment today!

Full Property Details

Full Property Details for 506 N Queen St

General

Sold For: $440,000
Taxes: $5,415 (2025)
Status: Closed
Type: Townhouse
Source: BrightMLSPhilly
MLS ID: PALA2077620
Added to Site: 54 day(s) ago

Interior

Interior Features: Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Kitchen - Eat-In, Kitchen - Table Space
Appliances: Stainless Steel Appliances, Oven/Range - Gas, Refrigerator
Flooring: Ceramic Tile, Laminate Plank

Additional Information

Security/Safety: Carbon Monoxide Detector(s), Main Entrance Lock

Exterior

Exterior Features: Sidewalks, Street Lights, Fire Escape

Parking

Total Spaces: 2
Parking Features: Crushed Stone, Gravel Driveway
Parking Type: Off Street

Location

Area: Lancaster City (10533)
Municipality: LANCASTER CITY
County: LANCASTER
Driving Directions: North on North Queen St, Property on the left

School Information

School District: School District Of Lancaster
High School: McCaskey Campus

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Baseboard - Electric
Heating Fuel: Natural Gas, Electric
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Cable TV Available, Electric Available, Sewer Available, Water Available, Natural Gas Available

Structural Information

Architectural Style: Contemporary, Converted Dwelling
Structure Type: Interior Row/Townhouse
Construction: Stone, Rough-In Plumbing, Masonry, Stick Built, CPVC/PVC, Concrete, Brick Veneer
Basement: Yes
Basement Desc.: Full, Unfinished
Foundation: Stone
Roof: Shingle, Rubber
Windows: Double Hung, Double Pane, Screens
Square Feet: 2,553
Sq. Ft. Source: Assessor
Living Area: 2,553 Sq. Ft.
Finished Above Grnd: 2,553 Sq. Ft.
Year Built: 1885
Year Built Source: Assessor

Unit Information

Other Units: Unit 1, Unit 2, Unit 3

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,742
Lot Size Source: Assessor
Frontage Feet: 18
Zoning: LANC. CITY
Lot Description: Level

Financial Considerations

Price Per Sq. Ft.: $176.22
Assessment Year: 2025
School Tax: $3,363
City/TownTax: $1,668
City/TownTax Freq: Annually
County Tax: $384
County Tax Freq: Annually
Tax w/Assessment: $132,000
Tax Amount: $5,415
Tax Year: 2025
Terms: Standard Sale
Owner Pays: Insurance, Sewer, Water, Trash Collection, Taxes - Real Estate
Tax Total Finished Sq. Ft.: 2553

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenants window air conditioning units, tenants personal items
Inclusions: Stoves, Refrigerators

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Meet the listing agent

— 506 N Queen St —

Jim Englert - Brandon Hostetter Team

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(717) 517-6439 mobile

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Schools

Schools serving 506 N Queen St

School District:Lancaster School District

Name	Grades	Distance
Ross El School, Lancaster, PA 840 North Queen Street, Lancaster, PA 17603	PK-5	0.4 mi
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603	6-8	0.7 mi
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602	9-12	0.9 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 506 N Queen St

Date

Details

Price

Change

Source

5/13/2026

Sold

$440,000

-2.2%

MLS

4/02/2026

Listed

$449,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
Beds
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Total Bath
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Sq. Ft.

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Price Reduced

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3
Beds
2
Total Baths
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Beds
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Beds
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Total Bath
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Sq. Ft.

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Price Reduced

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$175,000

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Lots/Land
Active
Updated 6 days ago

2.1
Acres

Listed by Keller Williams of Central PA, Judah Hoover

506 N Queen Street, Lancaster, PA 17603 (MLS# PALA2077620) is a Townhouse property that was sold at $440,000 on May 13, 2026. This property was listed by Jim Englert - Brandon Hostetter Team from our Lancaster Office.Want to learn more about 506 N Queen Street? Do you have questions about finding other Townhouse real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

506 N Queen St Lancaster, PA 17603