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633 Manor St, Lancaster, PA 17603

$379,000
: 2,256
SqFt

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List Price: $379,000
Status: COMING SOON
MLS#: PALA2098216
Living Area: 2,256
Lot Size (Acres): 0.05
Style: Other
Year Built: 1902
County: Lancaster
School District: School District Of Lancaster

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Property Description

Fully leased 4-unit brick investment in Lancaster City — $53,280 in annual rents and an 8.8% cap rate at list price. Built in 1902 and full of classic city character, 633 Manor Street offers four 1-bedroom, 1-bath apartments with updated kitchens, modern flooring, and tall windows that fill each unit with natural light. The top-floor apartment stands out with sloped ceilings and dormer windows for a loft-style feel. With 100% occupancy and roughly $33,400 in NOI, this property delivers dependable cash flow from day one. The solid brick building features architectural shingle and rubber roofing, a stone foundation, natural gas radiator heat, and natural gas hot water, all on public water and sewer. A rear yard with an outbuilding provides useful storage. The location is a major draw: less than a mile from Penn Square, Lancaster Central Market, and downtown’s restaurants, shops, and galleries, with easy access to Routes 222 and 30. Lancaster City’s steady rental demand keeps units leasing quickly. At under $95K per door with a 7.1 GRM, this is a strong add for a seasoned investor or an ideal start for an owner-occupant looking to house-hack a 4-unit. Rent roll and expense summary available to qualified buyers.

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Additional Information

Area: Lancaster City (10533)
Subdivision: West End Lancaster
School District: School District Of Lancaster
Elementary School: Lafayette
Middle School: John F Reynolds
High School: Mccaskey H.S.
View: City
Heating: Radiator(s)
Cooling: None
Roof: Architectural, Rubber
Water: Public
Sewer: Public Sewer
Basement: Unfinished