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$400,000
226025606 MLS
Whether you're looking to expand your portfolio or complete a 1031 exchange, this well-maintained four-unit property offers the combination every investor is searching for... stable occupancy today with room to increase tomorrow's returns. Each of the four units features 900 square feet of living space with two bedrooms, one bathroom, and the convenience of an in-unit washer and dryer. Tenants enjoy separately metered electric and water service while paying all utilities, helping keep operating expenses low and predictable. The property has been consistently well maintained, with many major mechanical updates completed within the past five years. Even more impressive, the building has remained fully occupied with a waiting list whenever a unit becomes available, demonstrating strong rental demand in the area. Current rents are $800 per month per unit, with all leases converting to month-to-month at the end of August 2026. For investors seeking value-add potential, comparable two-bedroom units in the area are leasing between $1,000 and $1,200 per month, providing an opportunity to increase income over time. Whether you choose to maintain the property's outstanding occupancy history or implement a strategic rent growth plan, this is a rare opportunity to acquire a professionally maintained asset with proven performance and significant upside. Showings will be allowed within 48 hours of accepted offer.

1708 Graylock Street, Lancaster

Listing Courtesy of : Jeffrey A Messmer ---- Keller Williams Consultants

$189,888
226021890 MLS
INVESTOR OPPORTUNITY! Multi-family property with a full basement plus a 2-car garage divided for tenant use. This is a great addition to your investment portfolio! Recent updates include new roof shingles on the home and garage doors in 2026. Unit 606 -- 2 bedrooms - 1 bath - Currently rents for $725 per month - Long-term tenant of 7 years - New hot water tank in 2026. Unit 604 -- 2 bedrooms, 1 bath - Vacant and move-in ready - Remodeled with an updated kitchen - New refrigerator, dishwasher, and microwave in 2026 - Updated bathroom featuring a new tub and vanity - Washer and dryer included, new in 2026 - Fresh paint throughout - New carpeting - Two new windows upstairs - Hot water tank replaced in 2023 Whether you're looking to expand your portfolio or live in one unit while renting the other, this well-maintained duplex offers immediate income potential and recent improvements that help minimize future expenses. Don't miss this opportunity! Tenants' rights: All showings require 24 hours' notice on the 606 side.

604-606 N Roosevelt Avenue, Lancaster

Listing Courtesy of : Connie L Hall ---- Rock House Realty LLC

$275,000
226021595 MLS
Welcome to this multi-family property offering over 3,200 square feet of total living space across three separate units. The colonial-style main home offers 2,716 square feet and is set up as two units. The first unit features a living room with a fireplace and hardwood floors flowing through the living room, dining room, and kitchen. The unit also has two large bedrooms and a full bathroom. The second unit offers two bedrooms, a flex space that could be used as a home office, playroom, or additional bedroom. A large living room with plenty of natural light, a dinning room and a spacious. kitchen Behind the main home is a 540-square-foot bungalow that offers a kitchen, living room, bedroom. Located in the heart of Lancaster, it's ready for an owner-occupant or investor to make the updates they want and make it their own. Schedule your showing today!

143 Union Street, Lancaster

Listing Courtesy of : Ryan J Ruehle ---- EXP Realty, LLC

$265,000
226013536 MLS
Looking for an investment property? Maybe you want to live in one part of the home and rent out the other part. The home could easily be run as a short term rental as well. This historic, Italianate beauty is close to the downtown action. Original woodwork, hardwood floors, beautiful fireplaces, tall ceilings and a cascading staircase are just some of the features this home has to offer. All appliances convey with the property. A first floor laundry room is a huge plus, especially for an older home. The spacious backyard and brick patio area lend itself to a multitude of activities. There's even space to build your own garage. The exterior has been recently painted. The auditor's site states a four bedroom but because of modifications over the years, it's currently listed as a two bedroom. The duplex would consist of one bedroom unit downstairs and a two bedroom unit upstairs. Each would have their own private entrance. The home is currently zoned as a duplex or single family dwelling depending on your needs.

338 E Mulberry Street, Lancaster

Listing Courtesy of : Jodi E Bird ---- Howard HannaRealEstateServices

$330,000
226012338 MLS
BRAND NEW APPLIANCES AND WASHER/DRYER SETS HAVE JUST BEEN INSTALLED IN BOTH UNITS! Welcome to this newly constructed ranch-style duplex in the heart of Lancaster! Don't miss the opportunity to own a beautifully crafted duplex that blends modern comfort with thoughtful design in both units. Unit A features 2 spacious bedrooms, each with walk-in closets, and 2 full bathrooms. The open layout includes a bright living room, a well-appointed kitchen, and a convenient in-unit laundry room, all within 1,237 square feet of living space--perfect for comfortable, low-maintenance living. Unit B offers 3 bedrooms and 2 full bathrooms, including a primary suite with a walk-in closet. This unit also includes a functional kitchen, dedicated laundry room, and a welcoming living area designed for both relaxation and everyday living; all within 1014 square feet of living space. Both units provide ample off-street and on-street parking, making this property ideal for residents and guests alike. Whether you're looking to keep loved ones close, expand your real estate portfolio, or take advantage of an owner-occupant opportunity; this duplex combines space, style, and practicality in a desirable single-level layout.

626 N Broad Street, Lancaster

Listing Courtesy of : Kelly Abbott ---- Howard Hanna Real Estate Svcs

Selling Office: Howard Hanna Real Estate Svcs.

$172,000
226012019 MLS
🔥 Investor Special with HUGE Potential! 🔥 Calling all investors, flippers, and visionaries--this quadraplex is ready for its next chapter! Located closely to downtown Lancaster offers a desirable location. With a little creativity and some elbow grease, this property could be transformed into a strong income-producing asset. 🏡 Unit Breakdown: • Unit A - Potential for a spacious 3 bed / 1 bath • Unit B - Efficiency apartment • Unit C - 2 bed / 1 bath • Unit D - Efficiency apartment Whether you're looking to renovate and rent, flip for profit, or build long-term equity, the opportunities here are endless. Bring your imagination and breathe new life into this multi-unit property! Don't miss your chance to turn this diamond in the rough into something special 💎 PLEASE leave offers open for 72 hours. Property being sold AS IS.

143 W Mulberry Street, Lancaster

Listing Courtesy of : Jamie Rohr ---- Key Realty

Selling Office: e-Merge Real Estate Excellence.

$295,000
226006757 MLS
TWO HOUSES, Great for investors who want two properties ready to rent , ideal for buyers who need a second home to keep family nearby or perfect opportunity to rent one while living in the other. Multiple scenarios for these two meticulously maintained homes. 859 Mulberry is a large two story 1448 sq ft home with space for 3 or even four bedrooms, featuring a first floor master bedroom, enormous kitchen with abundant cabinetry and large eating space allowing you to use the existing dining room for additional living space. Front house has new carpet, flooring and paint throughout. Rear home, 859 1/2 Mulberry is a Ranch style, built in 1968 and has two bedrooms, 1 Bathroom, living room and totals approximately 1000 sq ft of living space. Front house has a partial basement, rear home is on a crawl space. Both homes are extremely well maintained and move-in ready. Total square footage listed is 2448 sq ft with 1448 sq ft in the two story and 1000 sq ft in the Ranch.

859 E Mulberry Street, Lancaster

Listing Courtesy of : Eric Russell ---- RE/MAX ONE

Selling Office: Howard Hanna Real Estate Servc.

$206,000
226004542 MLS
Live in one unit and let the other pay your mortgage! This fantastic multi-unit opportunity has flexibility and character! This property offers the potential to convert into a spacious 4-bedroom single family home or continue as an income producing investment. Sitting in a high demand location awaits immediate rental income. Upstairs unit has private entrance with two-bedrooms and one-bathroom. Large attic perfect for storage. Private balcony where you can relax and unwind. Downstairs is a stunning one -bedroom and one bathroom. Gorgeous original sliding doors and partial basement. Washer and dryer hookups are offered on both levels. Separate electric meters and convenient off -street parking. Whether you are looking to expand your investment portfolio or create a larger single-family home in a prime location, this property offers versatility and strong potential! Prof

342 E Chestnut Street, Lancaster

Listing Courtesy of : Heather Mae Warner ---- Red 1 Realty

Selling Office: Best Homes Real Estate Ltd..

$219,900
226000230 MLS
Attention: Property will be available for showings Sat Feb 28 and Sun Mar 1 from 1-3 pm! Premier Investment Opportunity: Income-Producing Duplex Unlock the potential of this versatile 1,523 sq. ft. duplex in a high-demand Lancaster location! Whether you are looking for a reliable addition to your portfolio or an 'owner-occupant' opportunity to live in one side and let the other pay your mortgage, this property delivers. This well-maintained two-unit building features a spacious layout designed for long-term tenant comfort: Unit 1 (First Floor): A generous 3-bedroom, 1-bathroom residence. Unit 2 (Second Floor): A cozy 1-bedroom, 1-bathroom unit. Amenities: Both units feature large living areas, kitchens equipped with refrigerators and stoves, and dedicated laundry hookups (tenant-owned washers/dryers). Utilities: Units are individually metered, and tenants pay all utilities. Financial Highlights Strong Cash Flow: Currently generating $1,795 per month in total rent. Tenant Mix: One unit is self-pay and the other is Section 8; both are currently on month-to-month leases. Growth Potential: Rents are currently below market value, offering immediate upside for the next owner. Seamless Transfer: All deposits will be credited to the buyer at closing. Exterior & Location Situated on an oversized lot with convenient alley access, the property offers rare flexibility. There is ample space to build a garage or additional outbuildings to further increase value. The location is unbeatable for tenants, sitting within easy walking distance of Mt. Pleasant Elementary, Rising Park, and the Fairfield County Fairgrounds. It is also just minutes from the shops, dining, and culture of Historic Downtown Lancaster. Attention Agents: Please see ATA and the attached offer instructions document for further details

165 Lake Street, Lancaster

Listing Courtesy of : Donald E Shaffer ---- Howard HannaRealEstateServices

Selling Office: RE/MAX Revealty.

$149,888
225043168 MLS
INVESTORS, TAKE NOTICE! This two-unit property offers immediate possession, allowing the new owner to select tenants. Unit #1 features a spacious three-bedroom layout with one bedroom, an updated full bath, a living room, a kitchen with a refrigerator, and a laundry area with a washer and dryer on the main floor. Two additional bedrooms are located upstairs. This unit has been freshly painted and includes new flooring and two new exterior door. Unit #2 is a second-floor one-bedroom unit with a living room, kitchen, and an updated full bath. This unit has been freshly painted and includes new flooring. The front porch roof shingles were replaced in 2022. A new sewer line was installed from the house to the alley in 2021. Two window air conditioners at the property will remain. Two chimneys were removed because the home is all-electric. Live in one unit and let the other offset your mortgage—or rent both and build your investment portfolio. Tenants pay their own utilities. Are you ready to invest?

918 2nd Street, Lancaster

Listing Courtesy of : Connie L Hall ---- Rock House Realty LLC

Selling Office: Rock House Realty LLC.

$195,000
225021898 MLS
Updated Duplex in a Premium location in the heart of Historic Downtown Lancaster. Enjoy each of your remodeled 2 Bed 1 Bath units which provide many updates while still preserving the buildings historic charm. Within walking distance of Downtown Lancaster's numerous events & amenities - this versatile property would make an excellent AirBnB, Home or Residential Rental. Notable Features include: A new Roof; Restored hardwood on first level; New carpet & LVP on second level; Updated upstairs plumbing; some electrical updates; Fresh paint throughout; New refrigerators in both units; new shared Washer & Dryer; and gorgeous fully functioning pocket doors. Ground level is vacant and Move-in ready for an owner occupant or new tenant -- Upstairs tenants are month to month and paying $900 /mth (open to signing a new long term agreement with next owner.) Schedule a tour and Own your piece of Lancaster today!

629 E Chestnut Street, Lancaster

Listing Courtesy of : Zack W Linder ---- Coldwell Banker Realty

Selling Office: Rise Realty.

$405,000
225017729 MLS
Discover a unique investment opportunity with this versatile, fully renovated property that offers both residential income and commercial potential. The ground level is a standout feature—completely updated and beautifully finished, it presents a flexible space that could be utilized as a high-end commercial storefront, office, or converted into additional residential living. Whether you're envisioning a boutique, studio, or luxury apartment, the options are endless with this stylish and functional space. Upstairs, the property is already generating steady income with two well-maintained long-term rental units, both currently occupied by reliable tenants. This turnkey setup allows for immediate cash flow, making it ideal for investors or owner-occupiers looking to offset costs. The configuration offers privacy and separation between the levels, enhancing the appeal for both commercial and residential uses. Additional amenities include ample off-street parking—an increasingly rare find—which comfortably accommodates residents, visitors, or clients. Located in a desirable area with access to local shops, dining, and more, this property combines location, flexibility, and modern updates into one compelling package. Whether you're an investor seeking a multi-use income property or an entrepreneur looking for a place to live and work, this property offers boundless possibilities. Don't miss the chance to make this adaptable and stylish building part of your portfolio.

632 N Broad Street, Lancaster

Listing Courtesy of : Dylan J Knecht ---- RE/MAX Revealty

Selling Office: M3K Real Estate Network Inc..

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