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121 Laurel Street

LANCASTER, PA 17603
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Bed 5

Bed

Bath 0

Bath

SqFt1,876

Sqft

Acres0.05

Acre(Lot)

Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $350,000

AD Id : 87539036

MLS Id : PALA2090842

Beds : 5

Lot Size : 0.05 Acre

Living Area Size : 1,876

Year Built : 1900

Garage : 2

County : LANCASTER

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
19 & 23 Nursery Lane, Lancaster, PA, 17603 $625,000 5 -- 1,680 1,680 SqFt
546 Poplar Street, Lancaster, PA, 17603 $289,000 1 -- 2,424 2,424 SqFt
18 W Liberty Street, Lancaster, PA, 17603 $414,900 4 -- 1,610 1,610 SqFt
702 Poplar Street, Lancaster, PA, 17603 $375,000 5 -- 2,109 2,109 SqFt
649-651 W Chestnut Street, Lancaster, PA, 17603 $795,000 12 -- 5,390 5,390 SqFt
1694 1696 1698 Columbia.., Lancaster, PA, 17603 $475,000 5 -- 3,353 3,353 SqFt
1710-1712 Temple Avenue, Lancaster, PA, 17603 $325,000 2 -- 1,152 1,152 SqFt

ByOwner last updated this listing 07/07/2026 @ 03:08

MLS: PALA2090842 LISTED BY: Matthew Koch, Keller Williams Elite 717-553-2500 SOURCE: Bright

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