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$314,000
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Property Description
Exceptional investment opportunity! This fully occupied, well-maintained 2-unit property offers steady cash flow and impressive income potential. A brand-new furnace was just installed in November 2024, adding significant value and energy efficiency to the property. Don't miss this chance to secure a reliable income-generating asset!
Full Property Details
Full Property Details for 508 S Lime St
General
- Sold For: $314,000
- Taxes: $2,547 (2024)
- Status: Closed
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: PALA2061170
- Added to Site: 418 day(s) ago
Interior
- Interior Features: Combination Kitchen/Dining, Floor Plan - Open, Window Treatments
- Appliances: Dryer, Refrigerator, Stove, Washer, Water Heater
- Flooring: Carpet, Hardwood, Laminated, Tile/Brick
Parking
- Parking Features: Public
- Parking Type: On Street
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: Lancaster
- Driving Directions: 508-510 S. Lime St, Lancaster
School Information
- School District: School District Of Lancaster
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas Available
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available, Sewer Available, Water Available
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: End of Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Other
- Foundation: Stone
- Roof: Rubber, Shingle
- Walls/Ceilings: Dry Wall
- Windows: Insulated
- Doors: Insulated
- Stories/Levels: 2
- Square Feet: 2,331
- Sq. Ft. Source: Estimated
- Living Area: 2,331 Sq. Ft.
- Finished Above Grnd: 2,331 Sq. Ft.
- Year Built: 1890
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- Other Units: Unit 1, Unit 2
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Unit 1
- Unit Description: Unit 1
- Bedrooms: 3
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Lot Features
- Property View: City
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Street/Road Desc.: Paved
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $141.14
- Operating Expenses: $6,047
- City/TownTax: $805
- City/TownTax Freq: Annually
- County Tax: $185
- County Tax Freq: Annually
- Tax w/Assessment: $63,700
- Tax Amount: $2,547
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2331
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tennant owned Personal Property
Listed by Hostetter Realty, John D Fisher
Sold by Keller Williams Elite, Gideon Fisher
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Schools
Schools serving 508 S Lime St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
King El School 466 Rockland Street, Lancaster, PA 17602 | PK-5 | 0.1 mi |
Jackson Middle School 431 South Ann Street, Lancaster, PA 17602 | 6-8 | 0.4 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1 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 508 S Lime St
Date
Details
Price
Change
Source
2/11/2025
Sold
$314,000
-4.56%
MLS
11/25/2024
Listed
$329,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
508 S Lime Street, Lancaster, PA 17602 (MLS# PALA2061170) is a Duplex property that was sold at $314,000 on February 11, 2025. Want to learn more about 508 S Lime Street? Do you have questions about finding other Duplex real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

