Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4, large one bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. *****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
Presented By: Keller Williams Elite
Interior Features for 540 E King Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 540 E King Street
AccessibilityNone
Architectural StyleOther
Association Recreation FeeN
CityLANCASTER
Construction MaterialsBrick, Masonry
Cool FuelElectric
CoolingWall Unit
CountyLANCASTER
Directionsuse google map or map app
ExclusionsTenants personal property
Garage Spaces2.00
Garage Y/NYes
HeatingBaseboard - Electric
Lot Size Square Feet7841.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
ModificationTimestamp2025-04-28T17:14:53
MunicipalityLANCASTER CITY
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG259.35
Property SubtypeOther
Property TypeMulti-Family
School DistrictSCHOOL DISTRICT OF LANCASTER
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount7803.0
Tax Assessed Value197200.0
Tax Year2025
Total SQFT2352
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceAssessor
ZoningRESIDENTIAL
Exterior for 540 E King Street
# of Attached Garage Spaces2
Foundation DetailsOther
Garage FeaturesGarage - Rear Entry
Land Assessed Value22400.00
Land Use Code116
Lot Dimensions0.00 x 0.00
Lot Size Acres0.18
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces2
Type of ParkingOn Street, Attached Garage, Off Street
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