MLS: #PALA2092474, Listed By: Timothy Shreiner, Berkshire Hathaway HomeServices Homesale Realty, Source:Bright MLS
516 W Walnut Street
LANCASTER, PA 17603
7
Bed
0
Bath
1,904Sqft
0.08Acre(Lot)
Income-producing triplex in Lancaster City's desirable Chestnut Hill neighborhood, offering immediate value-add potential. With all units currently vacant, investors have the rare opportunity to lease at current market rents without waiting for tenant turnover, while owner-occupants can live in one unit and generate income from the remaining two. The property features three residential units, separate electric meters, and separate water meters, providing flexibility for utility management and tenant billing. The vacant status allows a new owner to renovate as desired, reposition the asset, and maximize rental income from day one. Conveniently located just minutes from Downtown Lancaster, Penn Square, Franklin & Marshall College, restaurants, shopping, public transportation, and major com
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 7Room Information
Rooms Total: 13 Has Basement: Yes Basement: Exterior Entry, Sump Pump, Unfinished -
Flooring Information
Laminate, Wood, Carpet, Ceramic Tile, Hardwood -
Roofing Information
Composition, Shingle -
Interior Features
Cedar Closet(s) Roof: Composition, Shingle Appliances: Electric Range, Electric Oven, Cooktop, Electric Water Heater, Dishwasher, Exhaust Fan, Microwave, Refrigerator, Water Heater, Tankless Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Exhaust Fan, Electric, Baseboard, Radiant Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s), Electric
-
Building Information
Year Built: 1900 Building Area Total: 1904 Construction Materials: Frame, Metal Siding Patio And Porch Features: Porch Pool Features: None Private Pool: No View: City, Street
-
Lot Information
Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.08 Lot Size Source: Assessor Lot Size Square Feet: 3485Property Information
Subdivision: CHESTNUT HILL Source Property Type: Residential Income Postal Code Plus 4: 4181 Zoning Description: R3 - medium-density residential neighborhoods characterized by attached homes, multifamily dwellings, and smaller lots. Property SubType: Triplex Property Age: 126
-
Listing Price Information
Listing Price: $399900
-
Tax Information
Parcel Number: 335-98260-0-0000 Tax Year: 2025 Annual Tax: $9520
-
Parking Information
On Street
-
Utility Information
Cable Available, Phone Available, Water Available, Electricity Available -
Location Information
Direction: From US-30 East or West, take the Fruitville Pike/Downtown Lancaster exit. Continue south on Fruitville Pike, which becomes N. Prince Street. Turn right onto W. Walnut Street and continue to 516 W. Walnut Street, located in the Chestnut Hill neighborhood. WaterSource: Public Security Features: Fire Escape
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.
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 | $319,900 | 3 | -- | 1,420 | 1,420 SqFt |
| 546 Poplar Street, Lancaster, PA, 17603 | $289,000 | 1 | -- | 2,424 | 2,424 SqFt |
| 18 W Liberty Street, Lancaster, PA, 17603 | $399,900 | 4 | -- | 1,610 | 1,610 SqFt |
| 121 Laurel Street, Lancaster, PA, 17603 | $350,000 | 5 | -- | 1,876 | 1,876 SqFt |
| 649-651 W Chestnut Street, Lancaster, PA, 17603 | $795,000 | 12 | -- | 5,390 | 5,390 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 | $325,000 | 2 | -- | 1,152 | 1,152 SqFt |
Similar Multifamily To 516 W Walnut Street
Nearby For Sale
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 08/07/2026 @ 04:54
More Cities with for Sale by Owner Homes
- Lancaster Homes For Sale By Owner
- East Petersburg Homes For Sale By Owner
- Lititz Homes For Sale By Owner
- Leola Homes For Sale By Owner
- Akron Homes For Sale By Owner
- Bird in Hand Homes For Sale By Owner
- Ephrata Homes For Sale By Owner
- Landisville Homes For Sale By Owner
- Millersville Homes For Sale By Owner
- Manheim Homes For Sale By Owner
- Mountville Homes For Sale By Owner
- Willow Street Homes For Sale By Owner
- New Holland Homes For Sale By Owner
- Strasburg Homes For Sale By Owner
- Stevens Homes For Sale By Owner
- New Providence Homes For Sale By Owner
- Pequea Homes For Sale By Owner
- Mount Joy Homes For Sale By Owner
- Denver Homes For Sale By Owner
- Paradise Homes For Sale By Owner
Homes around $399,900
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.