USAPALancasterChestnut Hill516 W Walnut St
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$399,900

For Sale

12 days ago

516 W Walnut St, Lancaster, PA

House

MLS® PALA2092474

0 Bed

0 Bath

1904 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1904 sqft
Garage 
Taxes $9,520
Days Active 6
Lot Size 0.08 Acres
Approx. Age 1900
Avg. Price Per Sqft $210
MLS® Number PALA2092474

Property Address: 516 W Walnut St, LANCASTER, PA, 17603-4181

Average square foot calculated using Size range provided by listing agent.

Description

Income-producing triplex in Lancaster City's desirable Chestnut Hill neighborhood, offering immediate value-add potential. With all units currently vacant, investors have the rare opportunity to lease at current market rents without waiting for tenant turnover, while owner-occupants can live in one unit and generate income from the remaining two. The property features three residential units, separate electric meters, and separate water meters, providing flexibility for utility management and tenant billing. The vacant status allows a new owner to renovate as desired, reposition the asset, and maximize rental income from day one. Conveniently located just minutes from Downtown Lancaster, Penn Square, Franklin & Marshall College, restaurants, shopping, public transportation, and major commuter routes, the property is well positioned in an area with strong and consistent rental demand. Whether you're expanding your investment portfolio, completing a value-add renovation, or looking for a house-hack opportunity, 516 W. Walnut Street offers the location, layout, and upside to create long-term value.
MLS® NumberPALA2092474
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementOutside Entrance, Sump Pump, Unfinished
DrivewayPublic, Free, On Street
Garage Spaces
HeatRadiator, Baseboard - Electric, Electric
A/CCeiling Fan(s), Window Unit(s), Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 1, 2026List Date
$399,900List Price
  • Commute

Commute

Starting Address
Destination Address
516 W Walnut St, Lancaster, PA

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