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322 W James Street

Lancaster, PA 17603

– beds
– baths
2,642 sqft
2,178 sqft lot
$208 per sqft
1900 build

Turnkey 3-Unit Investment Property in Prime Location Welcome to 322 W. James Street, a beautifully renovated three-unit investment property ideally located in the heart of Lancaster City. Built in 1900 and thoughtfully updated from basement to roof, this exceptional property offers the perfect blend of historic charm and modern convenience—making it an outstanding opportunity for investors or owner-occupants seeking rental income. This well-maintained property features two spacious 1-bedroom apartments and one 2-bedroom apartment, offering strong rental appeal and excellent tenant retention. Each unit has been upgraded with modern kitchens and baths, gleaming wood floors, and attractive finishes that retain the character of the original structure. Updated Systems & Smart Investment Design One of the most valuable features of this property is the separated electric and gas utilities—a major convenience for both landlords and tenants. Each unit operates independently for efficiency and ease of management. The spacious basement provides ample storage space for tenants, along with a coin-operated washer and dryer, creating an added source of income and convenience. These thoughtful upgrades demonstrate a clear attention to detail and an understanding of long-term investment strategies. Added Bonus: Oversized Garage & Private Rear Yard Unlike many multi-unit city properties, 322 W. James Street includes an oversized garage—perfect for parking, storage, or potential additional rental income. The private rear yard offers green space for tenants to enjoy and adds to the overall appeal of the property. Ideal Walkable Location Located in a highly desirable neighborhood, this property is just a short walk to Franklin & Marshall College, Lancaster General Hospital, and beloved local favorites like LUCA Restaurant, The Fridge, Mean Cup, and the Lancaster Barnstormers ballpark. The area is also home to numerous boutiques, coffee shops, galleries, and brew pubs—making this a highly rentable location for professionals, students, and city dwellers alike. With easy access to major roads, public transportation, and vibrant downtown Lancaster, this property offers everything savvy investors look for: location, updates, income potential, and long-term growth. Don’t miss this rare opportunity to own a fully renovated, income-generating 3-unit property in one of Lancaster’s most sought-after neighborhoods. Whether you’re building your portfolio or looking for a live-in investment, 322 W. James Street is a property you won’t want to miss. Schedule your private showing today!

Listing courtesy of BRIGHT / RE/MAX Pinnacle

Last checked: Checking… • Last updated May 7, 2025 •

MLS# PALA2069126 —

The Building

Year Built:

1900
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick, Masonry
Building Units Total:

3
Structure Type:

Interior Row/Townhouse
Architectural Style:

Colonial
Security Features:

Smoke Detector, Main Entrance Lock
Window Features:

Insulated
Accessibility Features:

None
Foundation Details:

Pillar/Post/Pier, Stone
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2642

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2642
Living Area SqFt:

2,642 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Negotiable, Settlement, Immediate, 0-30 Days CD, 31-60 Days CD

Location

Directions:

W.James Street between N. Concord and N. Mulberry St.
Cross Street:

N. Concord
Latitude:

40.04512787
Longitude:

-76.31261444

The Property

Property Subtype:

Triplex
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot Features:

Rear Yard
Lot SqFt:

2,178 Sqft
Inclusions:

apartment appliances, coin-operated washer and dryer
Exclusions:

tenants belongings
Zoning Description:

Medium Density Residential
Zoning:

R-3
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

115
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

339-91172-0-0000
Tax Year:

2024
Tax Annual Amount:

$7,668
Tax Assessed Value:

$193,800
Year Assessed:

2025
School Tax:

4654.0
County Tax:

564.00
City/Town Tax:

2449.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric, Heat Pump - Electric BackUp
Heating Fuel:

Electric

Utilities

Utilities:

Cable TV Available, Electric Available, Natural Gas Available, Phone, Sewer Available, Water Available
Sewer/Septic:

Public Sewer
Electric Service:

Circuit Breakers
Hot Water:

Natural Gas, Multi-tank
Water Source:

Public
Internet Services:

Cable, Other

Schools

Elementary School:

Wharton
Middle School:

John F Reynolds
High School:

MCCASKEY CAMPUS
School District Name:

School District Of Lancaster
School District Source:

Listing Agent

The Community

Subdivision Name:

Chestnut Hill
Pool:

No Pool
Municipal Trash:

Yes
Transportation:

Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Cap Rate:

6.90

Parking

Total Garage and Parking Spaces:

1
Garage:

Yes
Garage Features:

Garage - Rear Entry, Oversized, Inside Access, Additional Storage Area
Garage Spaces:

1.00
Type of Parking:

Off Street, Detached Garage
# of Detached Garage Spaces:

1

Extra Units

Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

2
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/7/25 May 7, 2025	Pending	BRIGHT	$552,000	5.1%
5/1/25 May 1, 2025	Listed / Active	BRIGHT	$525,000

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This multifamily located in Chestnut Hill, Lancaster, PA 17603 is currently pending sale for $552,000. 322 W James Street is a 2,642 square foot multifamily with – beds and – baths. 322 W James Street is in the Chestnut Hill neighborhood of Lancaster and has a WalkScore® of 96, making it a walker’s paradise. This multifamily is in the attendance area of Thomas Wharton Elementary School, John F Reynolds Middle School, and Mccaskey Campus.

Listing Courtesy of: BRIGHT and RE/MAX Pinnacle.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.