31 N BROAD ST
LANCASTER, PA 17602
$265,000
Number of Units:
2
Type:
Multi-Unit Residential
Listing #PALA2091636
Welcome to this charming 1900-built Colonial-style duplex located in Lancaster City. This two-unit multi-family property offers approximately 2,048 square feet of living space with a total of 4 bedrooms and 2 bathrooms across both units. Recently passing the Lancaster City lead-based paint inspection, this property provides added peace of mind and helps meet important local compliance standards. Whether you're looking to expand your investment portfolio or begin your journey as a landlord, this property presents a great opportunity. Gross Monthly Rent: $850 (1BR) + $1,150 (3BR) = $2,000 Gross Annual Rent: $24,000 Owner Pays: Water, sewer, trash (W/S/T) -- a common setup that keeps tenants happy but adds to owner expenses (estimate $200--400/month depending on usage). Gross Rent Multiplier (GRM): 11.04 ($265k / $24k) -- reasonable for a stabilized older duplex in the area. Taxes: $4,996/year (2022 assessment; recent figures may be similar or slightly higher). Cap Rate Estimate (rough, before other expenses): Around 6--8% gross, depending on maintenance, insurance, vacancy, and management. Long-term tenants are a big plus for stability.
Listing Courtesy of: RE/MAX Evolved (717) 509-2880
Property Features
County:
LANCASTER-PA
Municipality:
LANCASTER CITY
Cross Street:
Orange
Latitude:
40.04112
Longitude:
-76.28718
MLS Area:
Lancaster City (10533)
Subdivision:
NONE AVAILABLE
Directions:
Take King Street west out of downtown Lancaster. Turn left on to Broad Street. Property will be on the right
Total Rooms:
9
Interior:
Kitchen - Eat-In
Has Fireplace:
No
Heating:
Hot Water, Radiator
Heating Fuel:
Electric, Natural Gas
Cooling:
None, None
Floors:
Carpet, Vinyl, Tile/Brick
Water Heater:
Electric, Natural Gas
Appliances:
Oven/Range - Electric, Oven/Range - Gas
Basement Description:
Rear Entrance
Has Basement:
Yes
Total Number of Units:
2
Accessibility:
None
Style:
Colonial
Stories:
3
Is New Construction:
No
Construction:
Brick, Masonry
Exterior:
Sidewalks, Street Lights
Foundation:
Stone
Roof:
Rubber
Septic or Sewer:
Public Sewer
Electric:
100 Amp Service
Utilities:
Cable TV Available, Natural Gas Available, Electric Available, Phone Available, Sewer Available, Water Available
Has Garage:
No
Site Description:
Middle Of Block
Lot Features:
Front Yard, Level, Rear Yard
Lot Size in Acres:
0.04
Lot Size in Sq. Ft.:
1,742
Dimensions:
0.00 x 0.00
Zoning:
RESIDENTIAL
Road Description:
Black Top
Has Waterfront:
No
Has Water Access:
No
View Description:
Park/Greenbelt, City
School District:
SCHOOL DISTRICT OF LANCASTER
ListDate:
2026-07-09 00:00:00.0
Possession:
Subject to Existing Lease, Settlement
Property Type:
RI
Property SubType:
Interior Row/Townhouse
Year Built:
1900
Status:
Active
Tax Year:
2022
Tax Amount:
$4,996
Ownership Interest:
Fee Simple
Inclusions:
2 Refrigerators, 2 Stoves
Exclusions:
Tenants personal property
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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