701 N Duke St, Lancaster, PA 17602

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List Price
$775,000
Status
ACTIVE
MLS#
PALA2090062
Living Area
4,792
Lot Size (Acres)
0.11
Style
Traditional
Year Built
1890
County
Lancaster
School District
School District Of Lancaster

Property Description

Exceptional mixed-use opportunity in the heart of Lancaster City. This well-maintained 4792 sq ft corner property offers unmatched flexibility, visibility, and income potential. Ideal for an owner-occupant, investor, or business seeking a high-profile location, the property includes a beautifully updated first-floor unit with many options for use, plus 2 additional apartments. The center of the property is a beautifully renovated, Handicap accessible primary residence encompassing approx 1600 sq ft on Main level. Currently rented for $3000.00 a month including utilities. Thoughtfully designed for comfort and entertaining, the residence features stunning new Kitchen, newly renovated Full Bath, 2 Powder Rooms, a private spa retreat with soaking tub, and an expansive "L" shaped Living area with Electric Fireplace offering distinct spaces for relaxation and conversation. Custom built-in bookcases line the private study while 2 spacious bedrooms, Laundry facilities, central air, and a fenced private patio create a truly turnkey lifestyle. Additional amenities include: Game Room, Full Basement with private access for storage or future expansion, multiple fireplaces, and the option to purchase fully furnished. *Direct access to 8 on-site parking spaces (rare for Lancaster City) *All appliances included. Residential Units *Unit 1-Two-Bedroom, one-bathroom apartment *Spacious layout with a working wood-burning fireplace *In-unit laundry and all appliances included. *Strong rental potential *Currently rented for $1100.00 a month. *Unit 2-One-Bedroom, one bathroom apartment *Bright and open with a second-story private balcony * In-unit laundry, and all appliances included. *Ideal for both long-term and short-term rentals. *Currently rented for 1050.00 a month. Additional highlights include: *Total building size 4792 * Corner lot with high visibility and strong traffic exposure * All Appliances Included in each unit, making for easy, move-in ready living. * Washer/Dryer included in each unit. * Updated mechanicals and modern finishes throughout *Ample parking and outdoor space *Minutes from downtown Lancaster, LGH, and major commuter routes This is a rare chance to own a turnkey, income-producing property with exceptional versatility and premium upgrades. Whether you’re looking to live in one unit and rent out the others, or seeking a solid addition to your investment portfolio, this property offers an incredible value with steady income potential and a prime location.

Additional Information

Area
Lancaster City (10533)
Interior Features
Soaking Tub, Shower Stall, Tub Shower, Some Carpeting, Separate Dining Room, Entry Level Bedroom, Family Room Off Kitchen, Traditional Floorplan, Eat-in Kitchen
School District
School District Of Lancaster
Flooring
Carpet, Tile, Laminate, Vinyl, Partially Carpeted
Exterior Features
Sidewalk, Street Lights
Heating
Heat Pump
Cooling
Central Air, Window/Wall
Roof
Rubber, Shingle
Utilities
Cable Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
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Calculator source: Real Geeks

Listing courtesy of Howard Hanna Real Estate Services - Lancaster. Contact: