Patterson-Schwartz Real Estate540-542 E King Street, Lancaster, PA 17603-3011 $620,000
Interior Sq. Ft: 2,352
Acreage: 0.18
Age:135 years
Taxes: $7,803
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 a mix of unit sizes and a mix of tenant duration. 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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
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)
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)
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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.
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
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-0977
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 3/18/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
