227 E WALNUT ST
LANCASTER, PA 17602
$425,000
Number of Units:
2
Type:
Multi-Unit Residential
Listing #pala2097624
2 Unit property located one block from the new Catherine Hershey School, 2.5 blocks to LGH/Penn Medicine Hospital and a 10 minute walk to downtown Lancaster. Landlord benefits: No interior or exterior common areas except the 2 car carport. Landlord only pays for water/sewer/trash. 2 Gas furnaces, 2 hot water heaters, brand new sewer line from outside trap to house was completed in October. Roof was done just one year ago. These apartments have always leased quickly. Unit 1: Two bedroom, rented for $1,565/mo. through 2/28/27 - Large private backyard, 1 carport parking space, central air, dishwasher, private laundry and storage space in basement. Unit 2: Two bedroom plus bonus room on 3rd floor, rented for $1,525/mo. through 1/31/27 - 1 carport parking space, private laundry, sunroom, large closet in primary bedroom. Tenants pay gas and electric. Gross Income $37,080. Taxes, Insurance, w/s/t, rental license $9,433 = NOI $27,647. Photos are from the previous apartment listings. Seller is a licensed PA Broker at PPM Real Estate.
Listing Courtesy of: PPM Real Estate, Inc. (717) 394-3374
Property Features
County:
LANCASTER-PA
Municipality:
LANCASTER CITY
Latitude:
40.04349899
Longitude:
-76.30128479
MLS Area:
Lancaster City (10533)
Directions:
From Route 30, take Walnut Street Exit, travel west, property will be on the right between Shippen and Duke Streets
Heating:
Forced Air
Heating Fuel:
Natural Gas
Cooling:
Central A/C, Window Unit(s), Ceiling Fan(s), Electric
Water Heater:
Electric
Basement Description:
Unfinished
Has Basement:
Yes
Total Number of Units:
2
Accessibility:
None
Style:
Traditional
Is New Construction:
No
Construction:
Brick
Foundation:
Stone, Slab
Septic or Sewer:
Public Sewer
Has Garage:
No
Parking Spaces:
2
Lot Size in Acres:
0.06
Lot Size in Sq. Ft.:
2,614
Zoning:
R3
Has Waterfront:
No
Has Water Access:
No
School District:
SCHOOL DISTRICT OF LANCASTER
ListDate:
2026-10-29 00:00:00.0
Possession:
Subject to Existing Lease
Property Type:
RI
Property SubType:
Interior Row/Townhouse
Year Built:
1875
Status:
Active
Tax Year:
2026
Tax Amount:
$5,927
Ownership Interest:
Fee Simple
Available For Lease:
No
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 November 2, 2026, 12:53 AM ET
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