516 W Walnut Street
Lancaster, PA 17603
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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: 7175609100
Shown By
Agent Name: Jill Lewis
Agent Phone: (570) 814-4747
Agency Title: Lewith & Freeman
AGENT INFORMATION
Lewith & Freeman Jill Lewis (570) 814-4747
Estimate Your Payment
Estimated Payment
$ 3,038.16 per month $2,135.45 Principal & Interest $793.33 Property Tax $109.38 Homeowner's InsuranceChange Payment Information
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516 W Walnut Street | MLS# PALA2092474
This multi-family property located at 516 W Walnut Street, Lancaster, PA 17603 is currently listed for sale with an asking price of $375,000. W Walnut Street is located within the SCHOOL DISTRICT OF LANCASTER school district. Search Lancaster real estate on jillannlewis.lewith-freeman.com today.