Login

516 W Walnut St, Lancaster, PA 17603

Lancaster
Local realty services provided by:CENTURY 21 Reilly Realtors
516 W Walnut St,Lancaster, PA 17603
$365,000
  • 7 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: timothy k shreiner, george zagas
Office: berkshire hathaway homeservices homesale realty
MLS#:PALA2092474
Source:BRIGHTMLS

Sorry, we are unable to map this address


Price summary

  • Price:$365,000

About this home

Income-producing triplex in Lancaster City's desirable Chestnut Hill neighborhood, offering immediate value-add potential. With all units currently vacant, investors have the rare opportunity to lease at current market rents without waiting for tenant turnover, while owner-occupants can live in one unit and generate income from the remaining two. The property features three residential units, separate electric meters, and separate water meters, providing flexibility for utility management and tenant billing. The vacant status allows a new owner to renovate as desired, reposition the asset, and maximize rental income from day one. Conveniently located just minutes from Downtown Lancaster, Penn Square, Franklin & Marshall College, restaurants, shopping, public transportation, and major commuter routes, the property is well positioned in an area with strong and consistent rental demand. Whether you're expanding your investment portfolio, completing a value-add renovation, or looking...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Subdivision & Development:CHESTNUT HILL
  • Listing ID #:PALA2092474
  • Added:63 day(s) ago
  • Updated:October 03, 2026 at 06:03 AM

Rooms and interior

  • Bedrooms:7
  • Rooms Total:13
  • Flooring:Carpet, Ceramic Tile, Hardwood, Laminate Plank
  • Kitchen Description:Cedar Closet(s), Dishwasher, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Stove, Water Heater, Water Heater - Tankless
  • Basement:Yes
  • Basement Description:Outside Entrance, Sump Pump, Unfinished

Heating and cooling

  • Cooling:Ceiling Fan(s), Window Unit(s)
  • Heating:Baseboard - Electric, Electric, Radiator

Structure and exterior

  • Roof:Composite, Shingle
  • Year built:1900
  • Lot Features:Downtown
  • Architectural Style:Traditional
  • Construction Materials:Frame, Metal Siding
  • Exterior Features:Brick, Fire Escape, Porch(es)
  • Foundation Description:Concrete Perimeter, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$365,000
  • Tax amount:$9,520 (2025)

Features and amenities

  • Amenities:200+ Amp Service, Attic, Cable TV Available, Cedar Closet(s), Electric Available, Phone Available

Parking

  • Parking description:Free, On Street, Public

New listings near 516 W Walnut St