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135- 137 College Ave, Lancaster, PA 17603

$1,325,000

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Sold Price: $1,325,000
List Price: $1,390,000
Status: CLOSED
Days on Market: 10
Closing Date: Jul 24, 2026
MLS#: PALA2087588
Subtype: Commercial Sale
Year Built: 1890
Lot Size: 4,356
Acres: 0.10
MLS Area Major: Lancaster City (10533)

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Property Description

Historic three-story downtown investment property full of charm and character, featuring 10 apartments in a prime location within walking distance to Franklin & Marshall College. This well-maintained building showcases original hardwood floors, timeless architectural details, and the classic appeal of a solidly built historic structure. Owner-managed for over 20 years, the property offers gas heat, separate electric meters for each unit, and on-site coin-op laundry. One vacant unit is currently being renovated, creating immediate upside potential. Low operating expenses contribute to a strong return, making this a rare opportunity to own a stable multifamily asset with solid income and enduring character in the heart of downtown.

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Additional Information

Taxes: $12,214
Zoning: MULTI- FAMILY
Flooring: Hardwood, Vinyl
Heating: Radiator(s)
Air Conditioning: Ceiling Fan(s), Window/Wall
Roof: Rubber
School District: School District Of Lancaster
View: City, Street