257 S ANN ST
LANCASTER, PA 17602

$359,900

Number of Units: 2
Type: Multi-Unit Residential
Listing #PALA2078974
Turnkey 2-Unit Investment with all furnishings included! Discover a rare opportunity to own this fully furnished and fully renovated duplex in Lancaster City's Southeast Neighborhood. Perfect for investors or anyone looking to live in one unit and rent the other with minimal maintenance. Both units were completely renovated in 2022, including all-new plumbing, electrical, heating, and cooling systems. Several windows and roof sections were also replaced, ensuring long-term durability and efficiency. The property is zoned as a 2-unit and includes shared laundry in the basement plus an oversized one-car garage--a rare bonus in the city. The owners of corner property next door have plans to develop the building into a community HUB, further improving the block. Unit 1 (First Floor): A beautifully designed 1-bedroom, 1-bath apartment featuring high ceilings, modern lighting, new flooring, and stylish furnishings throughout. The kitchen boasts updated cabinetry, granite counters, stainless appliances, and open shelving. This unit has averaged $1,600--$1,700/month (utilities included) as a proven mid-term rental. Unit 2 (Upper Unit): A spacious 1-bedroom apartment with two sleeping areas, comfortably sleeping four guests. This unit was previously rented to a long-term tenant at below-market rent, but projected furnished rental income is $2,000--$2,100/month based on comparable stays. Whether you continue as a furnished mid-term rental, transition to traditional leases, or occupy one unit while renting the other, this property delivers flexibility, strong returns, and peace of mind thanks to its recent full renovation and efficient systems. Located just minutes from Lancaster's vibrant downtown, you'll have easy access to restaurants, shops, and cultural attractions, while also being a short drive from scenic country landscapes. Don't miss out on this opportunity--schedule your tour today!
Listing Courtesy of: Manor West Realty (717) 290-8182
Property Features
Location Information
County: LANCASTER-PA
Municipality: LANCASTER CITY
Cross Street: NEW DAUPHIN
Latitude: 40.03517
Longitude: -76.2938
MLS Area: Lancaster City (10533)
Directions: Use GPS.
Interior Features
Interior: Ceiling Fan(s)
Has Fireplace: No
Heating: Baseboard - Electric, Heat Pump(s)
Heating Fuel: Electric
Cooling: Ductless/Mini-Split, Electric
Floors: Luxury Vinyl Plank
Water Heater: Electric
Basement Description: Full
Has Basement: Yes
Total Number of Units: 2
Accessibility: None
Exterior Features
Style: Converted Dwelling
Is New Construction: No
Construction: Brick, Masonry
Exterior: Sidewalks
Foundation: Stone
Roof: Rubber, Asphalt, Metal
Septic or Sewer: Public Sewer
Has Garage: Yes
Garage Spaces: 1
Parking Spaces: 1
Patio / Deck Description: Balcony
Lot Size in Acres: 0.05
Lot Size in Sq. Ft.: 2,178
Dimensions: 0.00 x 0.00
Zoning: RESIDENTIAL
Condition: Very Good
Garage Description: Garage - Rear Entry, Oversized
Has Waterfront: No
Has Water Access: No
School
School District: SCHOOL DISTRICT OF LANCASTER
Additional Information
ListDate: 2025-11-06 00:00:00.0
Possession: Settlement
Property Type: RI
Property SubType: Interior Row/Townhouse
Year Built: 1902
Status: Active
Tax Year: 2023
Tax Amount: $3,276.95
Ownership Interest: Fee Simple
Exclusions: ANY TOOLS TO BE REMOVED PRIOR TO SETTLEMENT
Square Feet Source: Assessor


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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BRIGHT(MRIS/Trend) data last updated at December 5, 2025, 12:50 AM ET