320 S Ann Street, Lancaster, PA 17602

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Sold Price
$350,000
List Price
$375,000
Closing Date
Dec 10, 2025
Days on Market
42
Status
CLOSED
MLS#
PALA2075390
Living Area
1,538
Lot Size (Acres)
0.04
Style
Traditional
Year Built
1905
County
Lancaster
School District
School District Of Lancaster

Property Description

Wow! This multi-family transformation is sure to knock your socks off! Fully renovated from top to bottom! This 2-unit located at 320 South Ann Street in Lancaster offers a total of 1,538 sqft. plus a full basement and nice outdoor space. Upon arrival you are greeted by a spacious covered porch leading to the entryway foyer. The first floor unit offers 1 bedroom and 1 bath and the 2nd unit spanning the 2nd and 3rd floors features 3 bedrooms and 1 bath. Each unit has been fully updated including new flooring, paint, fixtures, new custom kitchens with quartz countertops and new appliances, and new stylish bathrooms. To the rear you will enjoy the new decks, yard space, and off street parking. Situated in the School District of Lancaster, this property offers convenience and accessibility with all of the upgrades to ensure peace of mind for years to come! The projected market rents for this property are $1295-1395 and $1895-1995, providing a double-digit cap rate and after-tax 20+% cash on cash return! Wow! In addition to the generous returns, you will be saving thousands on maintenance with this renovated, turnkey gem! Whether you're thinking of your first or next investment property, or purchasing a multi-family home to "house hack" while living in one unit and renting the 2nd, this home is not to be missed! The supurb location and upgrades throughout make this a stellar find for savvy investors and homeowners!

Additional Information

Area
Lancaster City (10533)
Subdivision
City Of Lancaster
Taxes
$3163
School District
School District Of Lancaster
Heating
Forced Air, Baseboard - Electric
Heating Fuel
Natural Gas, Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer
Basement
Yes

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Keystone Realty. Contact:

Selling Office: .