1 of 62

Want to see this property?

534 W James Street

Lancaster, PA 17603

– beds
– baths
– sqft
2,614 sqft lot
1890 build

Prime Investment Opportunity: 11-Unit Property at 534 W. James Street, Lancaster, PA ?? Discover an exceptional investment opportunity in the heart of Lancaster, PA, with this impressive 11-unit property located at 534 W. James Street. Situated in a vibrant neighborhood close to prestigious institutions such as F&M College and Lancaster Theological Seminary, as well as a plethora of dining, entertainment, and recreational options, this property promises not only lucrative returns but also a desirable location for tenants seeking convenience and culture. The Location: Convenience meets culture at 534 W. James Street. Nestled within walking distance to many great restaurants, coffee shops, and brew pubs, tenants will have easy access to Lancaster's culinary and social scene. Moreover, the property's proximity to Buchanan Park offers tenants a serene retreat for outdoor leisure activities. Within a short walk, residents can explore galleries, visit the historic Central Market, or enjoy an evening out at local brew pubs, making this location highly desirable for urban living enthusiasts. The Property: Boasting a mix of studio, one-bedroom, and two-bedroom units, this investment property caters to a diverse range of tenants, ensuring high occupancy rates and steady cash flow. Each unit is thoughtfully designed to maximize comfort and functionality. Safety and Compliance: Investors can rest assured knowing that the property is fully equipped with sprinkler systems for added safety, meeting the highest standards of fire protection. Additionally, the property is licensed by the City of Lancaster, ensuring compliance with local regulations and providing peace of mind to both owners and tenants alike. Income Potential: With its prime location and attractive unit mix, 534 W. James Street presents an exceptional income-generating opportunity for savvy investors. The property's proximity to academic institutions makes it particularly appealing to students and faculty members seeking off-campus housing. Additionally, the bustling neighborhood and array of nearby amenities ensure a steady stream of potential tenants year-round. Conclusion: Don't miss out on the chance to add this lucrative investment property to your portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking a promising opportunity, 534 W. James Street offers the perfect combination of location, income potential, and safety.

Listing courtesy of BRIGHT / RE/MAX Pinnacle

Last checked: Checking… • Last updated Apr 10, 2024 •

MLS# PALA2049320 —

The Building

Year Built:

1890
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Other
Architectural Style:

Traditional
Building Units Total:

4
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Unfinished
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor

Interior

Interior Features:

Additional Stairway
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Living Area SqFt:

0 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Bank Portfolio, Exchange
Possession:

Immediate

Location

Directions:

Corner of W. James and N. Pine Streets
Cross Street:

N. Pine
Latitude:

40.04462433
Longitude:

-76.31729126

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.06
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,614 Sqft
Inclusions:

all existing appliances
Exclusions:

none
Zoning:

R-4
Zoning Description:

High Density Residential
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

513
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

339-60666-0-0000
Tax Year:

2022
Tax Annual Amount:

$8,246
Tax Assessed Value:

$208,400
Year Assessed:

2023
School Tax:

5005.0
County Tax:

606.00
City/Town Tax:

2634.00
Total Taxes Payment Frequency:

Annually

The Listing

Virtual Tour
Buyer's Brokerage Compensation:

3%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Window Unit(s), Multi Units
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Utilities:

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

Public Sewer
Electric Service:

200+ Amp Service, Circuit Breakers
Hot Water:

Natural Gas
Water Source:

Public
Internet Services:

Cable, Broadband, Fiber Optic

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:

College Hill
Exterior Features:

Fire Escape, Sidewalks, Street Lights
Pool:

No Pool
Transportation:

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

7.00

Parking

Garage:

No
Type of Parking:

None

Extra Units

Vacation Rental:

No
Units Furnished:

None
Single Room Units:

2
One Bedroom Units:

5
Two Bedroom Units:

4

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
4/9/24 Apr 9, 2024	Listed / Active	BRIGHT	$1,650,000

Want a closer look?

Go see 534 W James Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Lancaster, PA

Similar sold homes

This multifamily located in Chestnut Hill, Lancaster, PA 17603 is currently for sale for $1,650,000. 534 W James Street is a – square foot multifamily with – beds and – baths. 534 W James Street is in the Chestnut Hill neighborhood of Lancaster and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of John F Reynolds Middle School, Thomas Wharton Elementary 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.