This Multifamily Property is no longer advertised on LoopNet.com.

507 N Lime St
Lancaster, PA 17602
Multifamily Property For Sale · 3 Units

Investment Highlights

  • Excellent location adjacent to Lancaster General Hospital Downtown Campus
  • Value-add potential through modest renovations
  • Supply constrained neighborhood suggesting consistent organic rent growth into the future
  • Recently replaced furnace and recently installed PEX plumbing
  • Increasing demand among young professionals for Downtown Lancaster apartments
  • Potential to lease to traveling nurses at Lancaster General Hospital on mid-term basis at premium rates

Property Facts

No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.05 AC
Building Size 2,496 SF
No. Stories 3
Year Built 1897
Zoning R-4 - This zoning type aims to create a dense residential environment, often near city centers or commercial areas

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
336-71964-0-0000
Land Assessment
$23,300
Improvements Assessment
$116,700
Total Assessment
$140,000
  • Listing ID: 34807073

  • Date on Market: 2/12/2025

  • Last Updated:

  • Address: 507 N Lime St, Lancaster, PA 17602

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