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Miguel C Martinez

miguel@realtormcm.com +1(703) 725-8395

Listed by Parker Wolfe • Prime Home Real Estate, LLC

$ 599,900

Est. payment -/mo

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Pending

146 E CLAY ST Lancaster, PA 17602

2,890 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 2,890 sqft

Price per Sqft $207

MLS Listing ID PALA2092072

Style Traditional

Abv Grd Liv Area 2,890

Year Built 1904

Available Date 2026-07-23

Annual Tax Amount $6,871

Tax Year 2025

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 0.00 x 0.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Welcome to your next multi-family investment or house hack! This 4 unit building boasts 2,890 square feet and is in a prime location on the north side of Lancaster City. Units 1&2 are currently mid-term rentals, usually to traveling nurses or medical personnel looking for 1-6 month stays. The combination of updated condition and location close to LGH and only a short drive to Penn State Health makes these units desirable midterm rentals. Units 3&4 are long term rentals. 3 out of 4 units have been fully updated including vinyl plank flooring, kitchens and bathrooms. This is your opportunity to purchase a performing asset, current 11.3% cap rate! Monthly rental income averaged $5,667 in 2025 and $5,613 in 2026. The heating for each unit is separate and the electric is metered individually with a landlord meter for common areas. Here is the unit breakdown. Unit #1 is a one bed, one bath MTR at $1650 monthly rent. Unit #2 is a studio at $1650 monthly rent. Unit #3 is a 2 bed 1 bath LTR (with a spiral staircase!) at $1500 monthly rent. Unit #4 is a studio LTR at $955 monthly rent. The garage is rented at $150 monthly rent to a neighbor for storage. Their is a fenced-in backyard for the tenants to enjoy. Additional updates/maintenance include new hot water heaters for units 1&3, new heating element for unit 2, mini-splits for cooling in units 1&2, furnace serviced in December, 2025, brick was resealed May, 2025, new dryer November, 2025, repainted the siding red April, 2025, and quarterly pest control by Terminix. Whether you want to live in one unit and have the others cover your payment or purchase a performing rental asset, this is your opportunity. Schedule a showing today!

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning RESIDENTIAL

Interior

Interior Features Bathroom - Walk-In Shower, Bathroom - Tub Shower, Carpet, Curved Staircase, Entry Level Bedroom

Hot Water Electric

Heating Radiator

Cooling Ductless/Mini-Split, Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Covered Parking

Garage Spaces 1.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 1

Garage Y

Private Pool No

Building

Lot Description Corner

Foundation Brick/Mortar, Stone

Above Ground Finished SqFt 2890

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 336-30856-0-0000

Ownership Fee Simple

SqFt Source 2890

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Miguel C Martinez

Owner | License ID: 0225072428

+1(703) 725-8395

miguel@realtormcm.com

AgentMCM.Com

8315 Lee Hwy #430, Fairfax, VA, 22031, USA

Miguel C Martinez

146 E CLAY ST Lancaster, PA 17602

Key Details

Location

Interior

Exterior

Building

Schools

Others

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146 E CLAY ST