20 E Gay St, Red Lion, PA 17356

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Sold Price
$850,000
List Price
$858,500
Closing Date
May 27, 2026
Status
CLOSED
MLS#
PAYK2101174
Lot Size (Acres)
0.30000000000000004
Year Built
1970
County
York
School District
Red Lion Area

Property Description

This well-maintained 6-unit multifamily property presents a turnkey investment opportunity in Red Lion. The building consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a desirable unit mix that appeals to a wide range of tenants. Designed for ease of ownership and strong cash flow potential, tenants are responsible for nearly all operating expenses, helping to keep owner costs low and maximize net income. The property also features separately metered utilities, including water, providing additional efficiency and expense control. Numerous capital improvements have already been completed, allowing the next owner to step into a stabilized, low-maintenance asset with confidence. Additional features include a paved parking lot for tenant convenience and ample off-street parking. Whether you are expanding an existing portfolio or seeking a strong income-producing property, this Red Lion multifamily building offers an exceptional combination of stability, efficiency, and long-term upside.

Additional Information

Area
Red Lion Boro (15282)
Subdivision
Red Lion Boro
School District
Red Lion Area
Heating
Radiant
Cooling
None
Roof
Shingle
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Elite. Contact:

Selling Office: Coldwell Banker Realty.