121 LAUREL ST
LANCASTER, PA 17603
$350,000
Number of Units:
3
Type:
Multi-Unit Residential
Listing #PALA2090842
Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.
Listing Courtesy of: Keller Williams Elite (717) 553-2500
Property Features
County:
LANCASTER-PA
Municipality:
LANCASTER CITY
Latitude:
40.03186728
Longitude:
-76.31559581
MLS Area:
Lancaster City (10533)
Directions:
From Manor St, Turn on Fairview, Left on Vine St, Property is on the corner of Vine/Laurel St
Has Fireplace:
No
Heating:
Hot Water, Radiator
Heating Fuel:
Natural Gas
Cooling:
None, None
Water Heater:
Electric
Appliances:
Oven/Range - Gas, Refrigerator
Total Number of Units:
3
Accessibility:
None
Style:
Converted Dwelling
Is New Construction:
No
Construction:
Brick, Masonry
Roof:
Rubber, Shingle, Metal
Septic or Sewer:
Public Sewer
Has Garage:
Yes
Garage Spaces:
2
Parking Spaces:
2
Lot Size in Acres:
0.05
Lot Size in Sq. Ft.:
2,178
Dimensions:
0.00 x 0.00
Zoning:
R3
Garage Description:
Garage - Side Entry
Has Waterfront:
No
Has Water Access:
No
School District:
SCHOOL DISTRICT OF LANCASTER
ListDate:
2026-07-02 00:00:00.0
Possession:
Settlement
Property Type:
RI
Property SubType:
Over Storefront
Year Built:
1900
Status:
Active
Tax Year:
2025
Tax Amount:
$4,590
Ownership Interest:
Fee Simple
Inclusions:
2 refrigerators and 2 oven ranges
Exclusions:
Tenants personal effects, commercial space window unit
Square Feet Source:
Assessor
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
© 2026 Bright MLS - TREND, Central Penn, Keystone. All rights reserved.
© 2026 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at August 2, 2026, 7:19 PM ET
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