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205 E King St , Lancaster, PA 17602
$995,000
Est. Payment: $5,375.16/mo
5 Bed
2 Bath
3049 Sqft
0.07 Acres
Status: active | Days on site: 74
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1434 - 3239251
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House Description

Welcome to a rare opportunity in the heart of Downtown Lancaster, nestled in the vibrant Musser Park, where charm, convenience, and potential come together in one exceptional property. This five-unit building offers a first-floor commercial space with unmatched walkability, easy access to local restaurants, coffee shops, bakeries, shopping, and entertainment. Just steps away from Central Market, the Fulton Theatre, the Ware Center, and the courthouse, the location is ideal for both residential and commercial use. Whether you're an investor seeking strong rental income or an owner-occupant looking to offset expenses, this mixed-use property delivers exceptional versatility. The property includes four residential units along with a dedicated commercial space. The carriage house features a garage on the lower level and an upper-level living space complete with a kitchen, bathroom, dramatic two-story living room, and lofted sleeping area, creating a unique and inviting atmosphere. A private deck and large backyard offer great outdoor living. Across the patio from the carriage house a second-floor unit includes one bedroom, one bath, and a deck, along with a shared patio. The rear unit also offers one bedroom and one bath, showcasing a blend of preserved original character and modern updates. At the front of the building, the first-floor commercial space is a blank canvas ready to be customized for a variety of uses, benefiting from strong foot traffic in this vibrant downtown setting. The fourth residential unit is similar to a single-family home, featuring a mudroom-style entry, a second floor living area with kitchen and living room, and a third floor with two bedrooms and a full bath. With four residential units plus commercial space, multiple income opportunities, and a prime location, this property is a standout investment. Schedule your private tour today.

Highlights

Listed by Anne M Lusk , 7172719339 Lusk & Associates Sotheby's International Realty , 7172919101. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.07

Year Built

1870

County

Lancaster

Area

Lancaster City (10533)

Neighborhood

Musser Park

School District

School District Of Lancaster

Listing ID

PALA2093954

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Ductless/Mini-Split
Fireplaces:
Floor:Wood,Laminated,Luxury Vinyl Plank,Ceramic Tile
Above Ground Sq Ft:3049
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:2
Zoning:MIXED USE
Sewer:Public Sewer
Parking Features:Garage - Side Entry,On Street,Attached Garage,2+ Spaces,1+ Spaces
Principal Interest
$5,375
Taxes
$534

Home Price

$995,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$199,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,375.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,375.16 $533.58 $0.00 $5,908.75
Yearly $64,501.95 $6,403.00 $0.00 $70,904.95
Total $1,935,058.40 $192,090.00 $0.00 $2,127,148.40
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Lancaster, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T19:09:10.000Z

© 2026 Bright MLS