121 Laurel St, Lancaster, PA 17603
- $339,000
- 1,876
- SqFt
- List Price
- $339,000
- Price Change
- ▼ $11,000 1786572555
- Days on Market
- 72
- Status
- ACTIVE
- MLS#
- PALA2090842
- Living Area
- 1,876
- Lot Size (Acres)
- 0.05
- Style
- Converted Dwelling
- Year Built
- 1900
- County
- Lancaster
- School District
- School District Of Lancaster
Property Description
Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.
/u.realgeeks.media/searchchestercounty/header2.png)
Additional Information
- Area
- Lancaster City (10533)
- Taxes
- $4590
- School District
- School District Of Lancaster
- Garage
- Yes
- Garage Spaces
- 2
- Heating
- Hot Water, Radiator
- Heating Fuel
- Natural Gas
- Cooling
- None
- Roof
- Rubber, Shingle, Metal
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Elite. Contact: 7175532500
© 2026 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.