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About the Listing ASTORIA1 - 3235203
Live in one apartment, and let the others help pay your mortgage! This 4-unit property in Lancaster’s highly desirable Chestnut Hill neighborhood offers a rare opportunity for an owner-occupant to step into real estate investing while enjoying a spacious, character-filled home. With FHA and VA financing options available, this is an accessible path to building wealth through real estate. The first-floor apartment spans the entire first level and lives like a single-family home. It offers multiple bonus rooms and flexible living space—ideal for a home office, guest rooms, or extended living. For those needing single floor living, this can work beautifully. The apartments provide immediate rental income, with a strong tenant base in place. Two apartments feature month to month leases and the others under a year, offering flexibility for a buyer who may want to reconfigure or increase rents over time. Current rents bring in $5,290 per month. Each apartment has its own unique character, with a mix of modern updates and historic charm, along with a dedicated outdoor deck or balcony for each apartment. All apartments are spacious, with layouts that lend to convenience and living well. A fourth floor storage area offers additional upside, whether as an additional bedroom for apartment 3, or an additional studio apartment. The property also features spacious yard space with mature, thoughtfully designed landscaping. Major improvements have already been handled, including roof work, mechanical updates, brick repointing, and interior improvements—reducing near-term capital expense for the next owner. Located on a quiet, tree-lined street just a short walk to downtown Lancaster, you’re near Franklin & Marshall College, Fulton Theatre, and a thriving mix of restaurants, cafes, and art galleries. Whether you're looking to reduce your cost of living or take a serious step into real estate investing, this property offers flexibility, stability, and long-term upside in one of Lancaster’s most sought-after neighborhoods. Don't miss the opportunity!
Listing Highlights
Status
Active
Days on Site
14
Property Type
Townhome
MLS ®
PALA2086490
Year Built
1890
Total Square Footage
3,513
Lot/Acreage
0.13
County
Lancaster
Neighborhood
Chestnut Hill
School District
School District Of Lancaster
Elementary School
Fulton E.S.
Middle School
John F Reynolds
High School
Mccaskey Campus
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Radiator,Hot Water,Forced Air
- Fireplaces: 1, 1 Fireplace
- Floor: Hardwood,Vinyl
- Above Ground Sq Ft: 3513
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Kitchen - Eat-In,Formal/Separate Dining Room,Wood Floors,No Pet Restrictions,Pets Allowed,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Backs to Trees,Landscaping,Level,Premium,Private,Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 35'x158'
- Zoning: RESIDENTIAL
- Roof: Architectural Shingle,Rubber
- Others: Exterior Lighting,Gutter System,Play Area,Sidewalks,Excellent,Very Good
- Sewer: Public Sewer
- Parking Features: Free,Unassigned,On Street
Financial Details
- Tax Amount: $10,396
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
419 W Orange St Lancaster, PA 17603
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