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227 E Walnut St , Lancaster, PA 17602
$425,000
Est. Payment: $2,295.92/mo
4 Bed
2 Bath
1902 Sqft
0.06 Acres
Status: pending | Days on site: 8
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1120 - 3400245
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.
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House Description

2 Unit property located one block from the new Catherine Hershey School, 2.5 blocks to LGH/Penn Medicine Hospital and a 10 minute walk to downtown Lancaster. Landlord benefits: No interior or exterior common areas except the 2 car carport. Landlord only pays for water/sewer/trash. 2 Gas furnaces, 2 hot water heaters, brand new sewer line from outside trap to house was completed in October. Roof was done just one year ago. These apartments have always leased quickly. Unit 1: Two bedroom, rented for $1,565/mo. through 2/28/27 - Large private backyard, 1 carport parking space, central air, dishwasher, private laundry and storage space in basement. Unit 2: Two bedroom plus bonus room on 3rd floor, rented for $1,525/mo. through 1/31/27 - 1 carport parking space, private laundry, sunroom, large closet in primary bedroom. Tenants pay gas and electric. Gross Income $37,080. Taxes, Insurance, w/s/t, rental license $9,433 = NOI $27,647. Photos are from the previous apartment listings. Seller is a licensed PA Broker at PPM Real Estate.
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Highlights

Listed by Shade Foreman , 7177237350 PPM Real Estate, Inc. , 7173943374. Bright MLS

Property Type

Multi-Family
Lot/Acreage
0.06

Year Built

1875

County

Lancaster

Area

Lancaster City (10533)

 School District

School District Of Lancaster

Listing ID

PALA2097624

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Central A/C,Window Unit(s),Ceiling Fan(s)
Fireplaces:
Above Ground Sq Ft:1902
Basement:Unfinished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:2
Zoning:R3
Sewer:Public Sewer
Parking Features:Detached Carport,2+ Spaces,1+ Spaces
Principal Interest
$2,296
Taxes
$494

Home Price

$425,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$85,000
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:
$2,295.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,295.92 $493.92 $0.00 $2,789.84
Yearly $27,551.08 $5,927.00 $0.00 $33,478.08
Total $826,532.48 $177,810.00 $0.00 $1,004,342.48
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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: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS