Active

MLS: #PALA2090842, Listed By: Matthew Koch, Keller Williams Elite, Source:Bright MLS

121 Laurel Street

LANCASTER, PA 17603
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $339,000

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

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 5
  • Roofing Information

    Rubber, Shingle, Metal
  • Interior Features

    Roof: Rubber, Shingle, Metal Appliances: Gas Range, Gas Oven, Electric Water Heater, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water, Radiant Cooling: None

  • Building Information

    Year Built: 1900 Building Area Total: 1876 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2178

  • Listing Price Information

    Listing Price: $339000

  • Tax Information

    Parcel Number: 338-18334-0-0000 Tax Year: 2025 Annual Tax: $4590

  • Parking Information

    Parking Total: 2 Garage, Detached

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: From Manor St, Turn on Fairview, Left on Vine St, Property is on the corner of Vine/Laurel St WaterSource: Public
Sell a home like this and save $19,841 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

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
437 S Queen Street, Lancaster, PA, 17603 $325,000 3 -- 1,798 1,798 SqFt
35 N Mulberry Street, Lancaster, PA, 17603 $309,900 3 -- 1,420 1,420 SqFt
18 W Liberty Street, Lancaster, PA, 17603 $399,900 4 -- 1,610 1,610 SqFt
516 W Walnut Street, Lancaster, PA, 17603 $375,000 7 -- 1,904 1,904 SqFt
61 Spencer Ave, Lancaster, PA, 17603 $535,000 8 -- --
1694 1696 1698 Columbia.., Lancaster, PA, 17603 $475,000 5 -- 3,353 3,353 SqFt
1710-1712 Temple Avenue, Lancaster, PA, 17603 $299,900 2 -- 1,152 1,152 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/22/2026 @ 23:05

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

Homes around $339,000

Selling? Save $19,841 when you sell a home like this

Tour with a ByOwner Agent