507 Locust Street, Lancaster, PA 17602 - Photo 1

1/1

$170,000

Sold
Closed
Townhouse
3 Beds
1 Full Bath
1 Partial Bath
1,390 Sq. Ft.
Updated 11 days ago

1/1

Property Description

Great investment opportunity in Lancaster City. Tenant occupied. Current rent $1,200 - month to month lease. (Projected Market Rent $1,599) Home offers modern layout, vinyl replacement windows, central A/C, 1st floor powder room, 2nd floor laundry room with access to rear balcony deck overlooking a sizable yard. Ready for investor to add to rental portfolio and start receiving instant rental income. 24 hour notice required for all showings.

Full Property Details

Full Property Details for 507 Locust St

General

Sold For: $170,000
Taxes: $1,907 (2025)
Status: Closed
Type: Townhouse
Source: BrightMLSPhilly
MLS ID: PALA2077148
Added to Site: 71 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Upper Floor Baths: 1
Upper - Full Baths: 1
Main Floor Baths: 1
Main - 1/2 Baths: 1

Bedrooms

Total Bedrooms: 3
Bedrooms Upper: 3
Bedrooms-Up2: 1

Parking

Parking Type: On Street

Location

Area: Lancaster City (10533)
Municipality: LANCASTER CITY
County: LANCASTER
Subdivision: LANCASTER
Driving Directions: South on Duke Street to Right on Locust Street to house on left.

School Information

School District: School District Of Lancaster

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Traditional
Structure Type: Interior Row/Townhouse
Construction: Brick, Masonry
Basement: Yes
Basement Desc.: Full
Foundation: Brick/Mortar
Stories Description: Main, Upper 1, Upper 2
Square Feet: 1,390
Sq. Ft. Source: Assessor
Living Area: 1,390 Sq. Ft.
Finished Above Grnd: 1,390 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,742
Lot Size Source: Assessor
Zoning: RESIDENTIAL

Financial Considerations

Price Per Sq. Ft.: $129.42
Assessment Year: 2025
School Tax: $1,184
City/TownTax: $587
City/TownTax Freq: Annually
County Tax: $135
County Tax Freq: Annually
Tax w/Assessment: $46,500
Tax Amount: $1,907
Tax Year: 2025
Terms: Standard Sale
Tax Total Finished Sq. Ft.: 1390

Disclosures and Reports

Ownership: Fee Simple

Listed by RKG Real Estate, LLC, Ryan L. Gearhart
Sold by Berkshire Hathaway HomeServices Homesale Realty, Sarah Sample

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Listing agent

— 507 Locust St —

Ryan L. Gearhart

RKG Real Estate, LLC

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Schools

Schools serving 507 Locust St

School District:Lancaster School District

Name	Grades	Distance
Carter And Macrae El School 251 South Prince Street, Lancaster, PA 17603	PK-5	0.2 mi
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603	6-8	1 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 507 Locust St

Date

Details

Price

Change

Source

12/22/2025

Sold

$170,000

-5.5%

MLS

11/05/2025

Listed

$179,900

—

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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507 Locust Street, Lancaster, PA 17602 (MLS# PALA2077148) is a Townhouse property that was sold at $170,000 on December 22, 2025. Want to learn more about 507 Locust 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.

507 Locust St Lancaster, PA 17602