USAPALancasterNone Available31 N Broad St
Listing image | Image 1

31 N Broad St, Lancaster, PA

House

For Sale

Listed price in listed location currency (USD).
$265,000

000

MLS® PALA2091636

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2048 sqft
Garage 
Taxes $4,996
Days Active 0
Lot Size 0.04 Acres
Approx. Age 1900
Avg. Price Per Sqft $129
MLS® Number PALA2091636

Property Address: 31 N Broad St, LANCASTER, PA, 17602-3141

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

Description

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.
MLS® NumberPALA2091636
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementRear Entrance
DrivewayOn Street
Garage Spaces
HeatHot Water, Radiator, Electric, Natural Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2026List Date
$265,000List Price
  • Commute

Commute

Starting Address
Destination Address
31 N Broad St, Lancaster, PA

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