House for sale 540-542 E King Street, Lancaster, PA 17603-3011

540-542 E King Street, Lancaster, PA 17603-3011 $620,000

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# of Units: 4
Interior Sq. Ft: 2,352
Acreage: 0.18
Age:135 years
Taxes: $7,803

MLS#: PALA2059304
Design/Type:
Detached

Description

Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4, large one bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. *****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****

Taxes: $7,803
Home Assoc: No
Condo Assoc: No

Garage: Y
Basement:
Pool: No Pool

School Dist: School District Of Lancaster

Features

Utilities
Baseboard - Electric Heating, Electric, Wall Unit Cooling, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
Attached Garage, Off Street, On Street, Garage - Rear Entry, Attached Garage Spaces #: 2;

Exterior
Brick Exterior, Masonry

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (25 schools)

School	District	Grades	Place	Distance
King Elementary School	Lancaster School District	Preschool–5	Lancaster	0.48 mi
Wickersham Elementary School	Lancaster School District	Preschool–5	Lancaster	0.55 mi
Washington Elementary School	Lancaster School District	Preschool–5	Lancaster	0.56 mi
Burrowes Elementary School	Lancaster School District	Preschool–5	Lancaster	0.6 mi
Carter and MacRae Elementary School	Lancaster School District	Preschool–5	Lancaster	0.78 mi
Fulton Elementary School	Lancaster School District	Preschool–5	Lancaster	0.89 mi
Ross Elementary School	Lancaster School District	Preschool–5	Lancaster	1.18 mi
Price Elementary School	Lancaster School District	Preschool–5	Lancaster	1.24 mi
Wharton Elementary School	Lancaster School District	Preschool–5	Lancaster	1.35 mi
Schaeffer School	Manheim Township School District	K–4	Lancaster	1.42 mi
Lafayette Elementary School	Lancaster School District	Preschool–5	Lancaster	1.53 mi
Brecht School	Manheim Township School District	K–4	Lancaster	1.55 mi
Hamilton Elementary School	Lancaster School District	Preschool–5	Lancaster	1.77 mi
Smith-Wade-Elementary Elementary School	Lancaster School District	Preschool–5	Lancaster	1.89 mi
Nitrauer School	Manheim Township School District	K–4	Lancaster	2.9 mi
Martin School	Lancaster School District	Preschool–8	Lancaster	3.26 mi
Bucher School	Manheim Township School District	K–4	Lancaster	3.68 mi
Fritz Elementary School	Conestoga Valley School District	K–5	Lancaster	3.73 mi
Eshleman Elementary School	Penn Manor School District	K–6	Millersville	3.77 mi
Rohrerstown Elementary School	Hempfield School District	K–6	Lancaster	3.82 mi
Lampeter Elementary School	Lampeter-Strasburg School District	K–2	Lampeter	4.24 mi
Neff School	Manheim Township School District	K–4	Lancaster	4.29 mi
Hans Herr Elementary School	Lampeter-Strasburg School District	3–5	Lampeter	4.35 mi
Smoketown Elementary School	Conestoga Valley School District	K–5	Lancaster	4.51 mi
Pequea Elementary School	Penn Manor School District	K–6	Willow Street	4.75 mi

Public Middle (8 schools)

School	District	Grades	Place	Distance
Jackson Middle School	Lancaster School District	6–8	Lancaster	0.43 mi
Lincoln Middle School	Lancaster School District	6–8	Lancaster	0.7 mi
Reynolds Middle School	Lancaster School District	6–8	Lancaster	1.36 mi
Wheatland Middle School	Lancaster School District	6–8	Lancaster	1.87 mi
Gerald G Huesken Middle School	Conestoga Valley School District	6–8	Lancaster	3.84 mi
Landis Run Intermediate School	Manheim Township School District	5–6	Lancaster	4.13 mi
Martin Meylin Middle School	Lampeter-Strasburg School District	6–8	Lampeter	4.42 mi
Manheim Township Middle School	Manheim Township School District	7–8	Lancaster	4.55 mi

Public High (8 schools)

School	District	Grades	Place	Distance
La Academia Partnership Charter School	La Academia Partnership Charter School	6–12	Lancaster	0.13 mi
Phoenix Academy	Lancaster School District	6–12	Lancaster	0.5 mi
McCaskey Campus	Lancaster School District	9–12	Lancaster	0.65 mi
Conestoga Valley Senior High School	Conestoga Valley School District	9–12	Lancaster	3.93 mi
Penn Manor High School	Penn Manor School District	9–12	Millersville	3.99 mi
Lancaster County CTC-Willow St Campus	Lancaster County CTC	9–12	Willow Street	4 mi
Manheim Township High School	Manheim Township School District	9–12	Lancaster	4.41 mi
Lampeter-Strasburg Senior High School	Lampeter-Strasburg School District	9–12	Lampeter	4.53 mi

Private (21 schools)

School		Grades	Place	Distance
Resurrection Catholic School	Roman Catholic	Preschool–8	Lancaster	0.15 mi
Wonder Academy	Christian (no specific denomination)	Preschool–K	Lancaster	0.71 mi
Lancaster Catholic High School	Roman Catholic	9–12	Lancaster	1.28 mi
Sacred Heart School	Roman Catholic	Preschool–8	Lancaster	1.29 mi
Way Of Jesus Academy	Christian (no specific denomination)	K–10	Lancaster	1.32 mi
New School Montessori	Nonsectarian	Preschool–8	Lancaster	1.65 mi
Anchor Christian Academy	Christian (no specific denomination)	7–12	Lancaster	1.74 mi
Lancaster County Christian School-West Lampeter	Christian (no specific denomination)	Preschool–6	Lancaster	1.75 mi
Lancaster Country Day School	Nonsectarian	Preschool–12	Lancaster	2.01 mi
Rocky Springs School	Amish	1–8	Lancaster	3.11 mi
River Rock Academy - Lancaster	Nonsectarian	9–12	Lancaster	3.56 mi
Lancaster Mennonite School-Lancaster Campus	Mennonite	6–12	Lancaster	3.6 mi
Kindercare Learning Center	Nonsectarian	K	Willow Street	3.74 mi
Rockvale Amish School	Amish	1–8	Lancaster	3.89 mi
Lancaster Mennonite School New Danville	Mennonite	Preschool–5	Lancaster	4.03 mi
Montessori Academy Of Lancaster	Nonsectarian	Preschool–6	Lancaster	4.16 mi
Witmer Amish School	Amish	1–8	Lancaster	4.21 mi
Greenland School	Amish	1–8	Leola	4.24 mi
Greenland Amish School	Amish	1–8	Lancaster	4.24 mi
Chesterbrook Academy	Nonsectarian	Preschool–K	Lancaster	4.3 mi
Snake Hill Amish School	Amish	1–8	Bird In Hand	4.56 mi

This report is a detailed community overview for Lancaster (17603), Pennsylvania.

Community Quick Facts

Average travel time to work for people in this community: 23
Average salary of people in this community: $41,417

Community Summary

Population Density (ppl / mile): 2,128
Household Size (ppl): 2.47
Households w/ Children: 58%

Housing Inventory

Owned: 14,354 (53.7%)
Rented: 10,900 (40.8%)
Vacant: 1,453 (5.4%)
Total: 26,707

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 64,242

Households: 25,254

Median Age: 35.00

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

Less than 9th Grade: 4.0%
Some High School: 9.7%
High School Graduate: 32.2%
Some College: 16.2%

Associate Degree: 7.8%
Bachelor's Degree: 19.2%
Graduate Degree: 10.8%

Income by dollar range

Median Income: $55,067

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio: $654
One Bedroom: $765
Two Bedroom: $1,039

Three Bedroom: $1,177
Four Bedroom: $1,282

Contact Information

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Request more information
or call me now at 302-239-3009

Listing Courtesy of: Keller Williams Elite , (717) 553-2500, klrw1040@kw.com

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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 3/29/2025.

Homes for Sale Nearby

$700,000 ≫ More Info Nearby for Sale

$650,000 ≫ More Info Recently Sold

Market Trends

Lancaster, PA
Homes for Sale: 201
Average List Price:
$490,104
Sold Last 90 Days: 570
Median Sold Price:
$315,000

Estimated Payment

Monthly @6.75%
$3,217.05
30 year fixed
20% down

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