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$858,500 Just Listed

  • For Sale
  • Active
  • Apartment
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This well-maintained 6-unit multifamily property presents a turnkey investment opportunity in Red Lion. The building consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a desirable unit mix that appeals to a wide range of tenants. Designed for ease of ownership and strong cash flow potential, tenants are responsible for nearly all operating expenses, helping to keep owner costs low and maximize net income. The property also features separately metered utilities, including water, providing additional efficiency and expense control. Numerous capital improvements have already been completed, allowing the next owner to step into a stabilized, low-maintenance asset with confidence. Additional features include a paved parking lot for tenant convenience and ample off-street parking. Whether you are expanding an existing portfolio or seeking a strong income-producing property, this Red Lion multifamily building offers an exceptional combination of stability, efficiency, and long-term upside.

Full Property Details for 20 E Gay St

General

  • Price: $858,500
  • Taxes: $5,995 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAYK2101174
  • Updated: 4/10/2026
  • Added to Site: 2 day(s) ago

Business

  • Business Type: Apartment Building

Rooms

Bathrooms

  • Restrooms: 6

Parking

  • Total Spaces: 8
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: Red Lion Boro (15282)
  • Municipality: RED LION BORO
  • County: YORK
  • Subdivision: RED LION BORO
  • Cross Streets: Main
  • Driving Directions: N on N Main St, R on E Gay St, Building is on the R. Parking lot is accessible by turning R on N Church Ln followed by a L onto the alley that runs behind the properties.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiant
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block, Stick Built, Vinyl Siding
  • Foundation: Block
  • Roof: Shingle
  • Building Size: 4090
  • Year Built: 1970
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 12,998
  • Lot Size Source: Assessor
  • Zoning: RESIDENTIAL TOWN

Financial Considerations

  • Price Per Sq. Ft.: $209.9
  • Operating Expenses: $16,258
  • Assessment Year: 2026
  • School Tax: $3,947
  • City/TownTax: $815
  • City/TownTax Freq: Annually
  • County Tax: $1,232
  • County Tax Freq: Annually
  • Tax w/Assessment: $163,180
  • Tax Amount: $5,995
  • Tax Year: 2025
  • Owner Pays: Insurance, Management, Repairs, Sewer, Taxes - Real Estate

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants belongings, tenant supplied washers/dryers(all sets currently)
  • Inclusions: 6 Refrigerators, 6 Stoves
  • Investment: Yes
  • Lot Number: 73

Listed by Keller Williams Elite, Matthew Joseph Koch and Keller Williams Elite, David Garpstas

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Listing agents

— 20 E Gay St —

  • Matthew Joseph Koch

    Keller Williams Elite

  • David Garpstas

    Keller Williams Elite

Listing Office Email: klrw1040@kw.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 20 E Gay St

School District:Red Lion Area School District
NameGradesDistance
Mazie Gable El School
100 East Prospect Street, Red Lion, PA 17356
K-60.2 mi
Red Lion Area Junior High School
200 Country Club Road, Red Lion, PA 17356
7-80.9 mi
Red Lion Area Senior High School
200 Horace Mann Avenue, Red Lion, PA 17356
9-120.8 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 20 E Gay St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/10/2026
Listed
$858,500
90.78%
MLS
1/02/2024
Sold
$450,000
—
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 20 E Gay St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,639
4%
$163,180
—
2024
$5,414
—
$163,180
—
2023
$5,414
—
$163,180
—
2022
$5,414
2%
$163,180
—
2021
$5,284
—
$163,180
—
2020
$5,284
—
$163,180
—
2019
$5,267
—
$163,180
—
2018
$5,267
—
$163,180
—
2017
$5,267
2%
$163,180
—
2016
$5,181
2%
$163,180
—
2015
$5,076
—
$163,180
—
2014
$5,076
—
$163,180
—
2013
$5,076
—
$163,180
—
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 Keller Williams Elite, Matthew Joseph Koch and Keller Williams Elite, David Garpstas

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20 E Gay Street, Red Lion, PA 17356 (MLS# PAYK2101174) is a Apartment property. 20 E Gay Street is currently listed for $858,500 and was received on April 10, 2026. Want to learn more about 20 E Gay Street? Do you have questions about finding other Apartment real estate for sale in Red Lion? You can browse all Red Lion real estate or contact a Coldwell Banker agent to request more information.

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