South Prince Portfolio 1 Multifamily Properties Offered at $4,350,000 in Lancaster, PA

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Prince Street Portfolio, a multi-family investment portfolio located at 20, 22, 24, 26 1/2, 28 and 30 South Prince Street in downtown Lancaster, PA (the “Portfolio” or the “Properties”). The Portfolio contains thirty-one (31) total units consisting of four (4) 2-Bedroom/1-Bathroom units, fifteen (15) 1-Bedroom/1-Bathroom units and twelve (12) Studio units with 22,325 square feet of gross living area in 23,000 square feet of gross area. The Portfolio is spread across a combined 0.25-acres of land and features eighteen (18) dedicated on-site parking spaces—offering a major competitive edge and an immediate income driver in a high-density urban market where parking is exceptionally scarce.
The Portfolio is strategically located within the heart of downtown Lancaster’s thriving Central Business District on South Prince Street, offering residents premier, highly walkable access to the city's vibrant retail corridors, acclaimed dining destinations, Gallery Row, and the historic Lancaster Central Market. This prime location drives robust, year-round tenant demand fueled by area students from Franklin & Marshall College, young professionals, and a strong workforce tied to Lancaster’s major healthcare and education sectors. Downtown Lancaster is benefiting from a genuine location premium and widespread economic revitalization catalyzed by the City Revitalization and Improvement Zone (CRIZ) program alongside dynamic new mixed-use developments. Furthermore, Lancaster has become a prime destination for significant in-migration from higher cost metropolitan areas like New York, Philadelphia, and Baltimore, accelerating the demand for quality market-rate housing. Coupled with a highly constrained pipeline of new housing supply in the immediate downtown core, the Prince Street Portfolio is perfectly positioned to capture long-term rent growth and exceptional asset appreciation.