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233 W Chestnut St 11 Unit Apartment Building $599,900 ($54,536/Unit) Lancaster, PA 17603
Executive Summary
Rare opportunity to acquire a high-density, 11-unit licensed residential property located on Lancaster's west side. Offered at $599,900 ($54,454/unit), this asset is ideal for a multi-family investor, student housing operator, or specialty housing provider looking for immediate density in a tight Lancaster City rental market. The building is being sold as-is, with significant interior turnover and unit repair work already completed. The property presents substantial operational upside for an operator ready to streamline expenses and capture strong market yield. Showings by appointment to qualified buyers only. Complete rent roll, P&L history, and appraisal details are available upon request. Floorplans provided are rough outlines and contain inconsistencies; buyer to verify all measurements and layouts in person.
Property Facts
| Price | $599,900 | Apartment Style | Low-Rise |
| Price Per Unit | $54,536 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 11 | Building Size | 4,356 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1880 |
| Zoning | R3 | ||
| Price | $599,900 |
| Price Per Unit | $54,536 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,356 SF |
| No. Stories | 3 |
| Year Built | 1880 |
| Zoning | R3 |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 358 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 331-55763-0-0000 | Improvements Assessment | $154,300 |
| Land Assessment | $40,500 | Total Assessment | $194,800 |
Property Taxes
Parcel Number
331-55763-0-0000
Land Assessment
$40,500
Improvements Assessment
$154,300
Total Assessment
$194,800
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