20 E Gay Street, Red Lion, PA 17356 - Photo 1

1/1

$850,000

Sold
Closed
Single Family
Updated 6 days ago

1/1

Property Description

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

Full Property Details for 20 E Gay St

General

Sold For: $850,000
Taxes: $5,995 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: PAYK2101230
Added to Site: 53 day(s) ago

Rental Information

Lease Info: Long Term, Month to Month

Parking

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

Location

Area: Red Lion Boro (15282)
Municipality: RED LION BORO
County: YORK
Cross Streets: N Main
Driving Directions: N on N Main St, R on E Gay St, Property is on the R

School Information

School District: Red Lion Area

Heating & Cooling

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

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Structure Type: Detached
Construction: Block, Stick Built, Vinyl Siding
Basement: Yes
Basement Desc.: Walkout Level
Foundation: Block
Roof: Shingle
Sq. Ft. Source: Assessor
Year Built: 1970
Year Built Source: Assessor
Property Condition: Good

Lot Features

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

Financial Considerations

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
Terms: Standard Sale
Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Management, Other

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenant supplied washers/dryers
Inclusions: 6 Refrigerators, 6 Electric Oven Ranges
Section: RED LION
Lot Number: 73

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Meet the selling agent

— 20 E Gay St —

Dylan Madsen

Email Me

(717) 380-8169 mobile

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NMLS#: 1598647

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Schools

Schools serving 20 E Gay St

School District:Red Lion Area School District

Name	Grades	Distance
Mazie Gable El School 100 East Prospect Street, Red Lion, PA 17356	K-6	0.2 mi
Red Lion Area Junior High School 200 Country Club Road, Red Lion, PA 17356	7-8	0.9 mi
Red Lion Area Senior High School 200 Horace Mann Avenue, Red Lion, PA 17356	9-12	0.8 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

Date

Details

Price

Change

Source

5/27/2026

Sold

$850,000

-0.99%

MLS

4/11/2026

Listed

$858,500

—

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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20 E Gay Street, Red Lion, PA 17356 (MLS# PAYK2101230) is a Single Family property that was sold at $850,000 on May 27, 2026. This property was sold by Dylan Madsen from our York Office.Want to learn more about 20 E Gay Street? Do you have questions about finding other Single Family 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.

20 E Gay St Red Lion, PA 17356