new - 2 days on rocket

122 College Ave, Lancaster, PA, 17603

$499,999

Home List Price

$5,937*

Closing Credit

0 Baths
2,630 SqFt
$190/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

122 College Ave, Lancaster$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingOff Street
Year Built1900
HeatingRadiant
CoolingNone
BasementYes
MLS #PALA2060724
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 122 College Ave

Prime Investment Opportunity! This quadruplex multi family offers an incredible income-generating potential. Unit 1st and 3rd floor tenants pay for electric and gas, units in 2nd floor utilities are included in the rent. Situated in a high-demand rental area, this property has strong tenant history and attractive rental rates. Perfect for investors looking to expand their portfolio or for an owner-occupant wanting to live in one unit and rent the others. Proximity to schools, shopping, public transportation, and major highways makes this an appealing choice for tenants. Don’t miss this chance to secure a multi-family gem with excellent ROI potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1900
  • Living Area: 2,630 SqFt

Listing Office:

  • Office Name: RE/MAX Evolved
  • Office Phone: (717) 509-2880
  • Listing Agent: John Zunner

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Fire Escape

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: From F&M College, S on College Ave, property on right

Municipality:

  • Lancaster City

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $190/SqFt

Tax Information:

  • Annual Amount: $5,759
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lancaster, PA.

Map thumbnail provided by MapBox

Lancaster, PA

City

Med. Sold Price

$315.7K

Med. Price/SqFt

$186

Avg. Days On Market

17

# of Sold Homes

132

122 College Ave vs Lancaster

2 DAYS ON ROCKET

-15 Days

$499,999

+$184.2K More

$190/SqFt

+$3 More

KEY TAKEAWAY

This property is $184.2K more than the Median Sold Price and $3/SqFt more than other homes in Lancaster, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PALA2060724

Listing Office:

  • Office Name: RE/MAX Evolved
  • Office Phone: (717) 509-2880
  • Listing Agent: John Zunner

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 23, 2014Home Sold
$172,250
Jul 29, 2011Home Sold
$165,000
Feb 05, 2010Home Sold
$150,000
Jun 20, 2007Home Sold
$141,000
Nov 17, 2006Home Sold
$65,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,759$156,100
2020$5,695$156,100
2019$5,609$156,100
2018$6,536$156,100
2017$4,318$94,000

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-627889
5
/10

  • Smith-Wade-El Elementary School

  • 340 S West End Ave

  • 0.39 miles

  • Public District Grades PK-5

school-card-donut-627890
4
/10

  • Fulton Elementary School

  • 225 W Orange St

  • 0.59 miles

  • Public District Grades PK-5

school-card-donut-627891
4
/10

  • Wharton Elementary School

  • 705 N Mary St

  • 0.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,658. The most common annual income of people living in Lancaster, PA is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Lancaster, PA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Lancaster, PA?

Lancaster's housing market is diverse, offering a mix of historic row homes, modern apartments, and spacious single-family residences. The architectural styles reflect the city's rich history, with a notable presence of Colonial and Victorian homes, especially in the downtown area. The housing landscape is a blend, with single-family homes making up a significant portion, complemented by multi-family units and apartments that cater to a range of preferences. The homeownership rate in Lancaster is robust, with a healthy balance between owners and renters.

Is Lancaster, PA a good place to live?

Lancaster is celebrated for its vibrant arts scene and strong sense of community. The city prides itself on its historical significance, with well-preserved buildings and museums that tell the story of its past. Annual events like the Lancaster Festival of the Arts bring the community together, showcasing local talent and fostering a collective appreciation for the arts. The city's character is further defined by its commitment to preserving green spaces and promoting a family-friendly atmosphere.

Are things conveniently located in Lancaster, PA?

The community benefits from a solid educational system, with numerous public and private schools providing a range of educational opportunities. Lancaster is home to several healthcare facilities, including a well-regarded hospital that offers a variety of services from emergency care to specialized treatments. The public library system is active, supporting lifelong learning with multiple branches. Retail and dining options are plentiful, reflecting the local culture with a mix of traditional Pennsylvania Dutch cuisine and contemporary eateries. City initiatives are in place to continually improve services to meet the needs of a growing and diverse population.

What does the transportation in Lancaster, PA look like?

Lancaster's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and towns. Public transit options are available, with bus services covering various routes throughout the city. The area's walkability varies, with the downtown core being particularly pedestrian-friendly. Bike lanes and trails are also available for cycling enthusiasts. While specific ride-sharing statistics are not mentioned, such services are commonly used by residents for added convenience. Recent efforts have been made to enhance transport efficiency and accessibility, reflecting the city's commitment to improving mobility for all its inhabitants.

Rocket Homes›Pennsylvania›Lancaster County›Lancaster›17603›122 College Ave

This home is located at 122 College Ave in Lancaster, PA and zip code 17603. This 2,630 square foot home, which was built in 1900, sits on a 0.09 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $499,999.

Over 50 listings were sold over their listed price in October 2024 in Lancaster, PA. In the same period over 43 listings were sold below the listed price and 39 listings were sold for the listed price. In October 2024 in Lancaster, PA there were 3.7% more homes for sale than in September 2024. In October 2024, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $315,775.

From Rocket Homes Real Estate and based on county public records data.

More Resources