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MLS: #PALA2092072, Listed By: Parker Wolfe, Prime Home Real Estate, LLC, Source:Bright MLS

146 E Clay Street

LANCASTER, PA 17602
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Bed 3

Bed

Bath 0

Bath

SqFt2,890

Sqft

Acres0.06

Acre(Lot)

Welcome to your next multi-family investment or house hack! This 4 unit building boasts 2,890 square feet and is in a prime location on the north side of Lancaster City. Units 1&2 are currently mid-term rentals, usually to traveling nurses or medical personnel looking for 1-6 month stays. The combination of updated condition and location close to LGH and only a short drive to Penn State Health makes these units desirable midterm rentals. Units 3&4 are long term rentals. 3 out of 4 units have been fully updated including vinyl plank flooring, kitchens and bathrooms. This is your opportunity to purchase a performing asset, current 11.3% cap rate! Monthly rental income averaged $5,667 in 2025 and $5,613 in 2026. The heating for each unit is separate and the electric is metered individually w ith a landlord meter for common areas. Here is the unit breakdown. Unit #1 is a one bed, one bath MTR at $1650 monthly rent. Unit #2 is a studio at $1655 monthly rent. Unit #3 is a 2 bed 1 bath LTR (with a spiral staircase!) at $1500 monthly rent. Unit #4 is a studio LTR at $950 monthly rent. The garage is rented at $150 monthly rent to a neighbor for storage. Their is a fenced-in backyard for the tenants to enjoy. Additional updates/maintenance include new hot water heaters for units 1&3, new heating element for unit 2, mini-splits for cooling in units 1&2, furnace serviced in December, 2025, brick was resealed May, 2025, new dryer November, 2025, repainted the siding red April, 2025, and quarterly pest control by Terminix. Whether you want to live in one unit and have the others cover your payment or purchase a performing rental asset, this is your opportunity. Schedule a showing today!

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Detail Ic Property Details

Property Type : Residential Income

Price : $599,900

AD Id : 88163630

MLS Id : PALA2092072

Beds : 3

Lot Size : 0.06 Acre

Living Area Size : 2,890

Year Built : 1904

Garage : 1

County : LANCASTER

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Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Room Information

    Rooms Total: 8
  • Flooring Information

    Carpet
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Window Unit(s), Ductless, Electric

  • Building Information

    Year Built: 1904 Building Area Total: 2890 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.06 Lot Size Source: Assessor Lot Size Square Feet: 2614 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $599900

  • Tax Information

    Parcel Number: 336-30856-0-0000 Tax Year: 2025 Annual Tax: $6871

  • Parking Information

    Parking Total: 1 Paved, On Street, Garage, Covered, Detached

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
31 N Broad Street, Lancaster, PA, 17602 $265,000 4 -- 2,048 2,048 SqFt
464 S Ann Street, Lancaster, PA, 17602 $309,900 5 -- 1,596 1,596 SqFt
15 S Ann Street, Lancaster, PA, 17602 $380,000 1 -- 2,110 2,110 SqFt
15 N Lime Street, Lancaster, PA, 17602 $645,000 1 -- 2,641 2,641 SqFt
352 E New Street, Lancaster, PA, 17602 $675,000 4 -- 4,392 4,392 SqFt
348 E New Street, Lancaster, PA, 17602 $279,900 5 -- 1,631 1,631 SqFt
361 E Ross Street, Lancaster, PA, 17602 $350,000 3 -- --
145 E Chestnut Street, Lancaster, PA, 17602 $549,900 5 -- 3,800 3,800 SqFt
152 E Walnut Street, Lancaster, PA, 17602 $474,900 3 -- 3,900 3,900 SqFt
445 N Duke Street, Lancaster, PA, 17602 $450,000 -- -- 2,904 2,904 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 07/24/2026 @ 05:08

MLS: PALA2092072 LISTED BY: Parker Wolfe, Prime Home Real Estate, LLC 717-735-2204 SOURCE: Bright MLS

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