Agent profile image in chat bubble
Agent profile image in chat header

IDX Support

sales rep | Brivity IDX

Agent profile image in message

121 Laurel St , Lancaster, PA 17603
$290,000
Est. Payment: $1,566.63/mo
5 Bed
1876 Sqft
0.05 Acres
Status: pending | Days on site: 104
Get Pre-Qualified
108029 - 3235499,3235183
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.

Highlights

Listed by Matthew Joseph Koch , 7177888347 and David Garpstas , 7172080253 Keller Williams Elite , 7175532500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.05

Year Built

1900

County

Lancaster

Area

Lancaster City (10533)

School District

School District Of Lancaster

Listing ID

PALA2090842

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
Appliances:Oven/Range - Gas, Refrigerator
Above Ground Sq Ft:1876
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:0.00 x 0.00
Garage Capacity:2
Zoning:Residential
Roof:Rubber,Shingle,Metal
Sewer:Public Sewer
Parking Features:Garage - Side Entry,Detached Garage,2+ Spaces,1+ Spaces
Principal Interest
$1,567
Taxes
$383

Home Price

$290,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$58,000
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:
$1,566.63

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,566.63 $382.50 $0.00 $1,949.13
Yearly $18,799.56 $4,590.00 $0.00 $23,389.56
Total $563,986.87 $137,700.00 $0.00 $701,686.87
Lender profile image
Chico Gordy
Test
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Nov 2026

Average Price

All Price Ranges
N/A
Nov 2026

Average Days on Market

All Price Ranges
N/A
Nov 2026
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: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS