$552,000

322 W James St Lancaster, PA 17603

$6,555
Closing credit¹
2,642 sqft
0.05 acres
$209 / sqft
Multi-Family

Property details

About 322 W James St

Turnkey 3-Unit Investment Property in Prime Location Welcome to 322 W. James Street, a beautifully renovated three-unit investment property ideally located in the heart of Lancaster City. Built in 1900 and thoughtfully updated from basement to roof, this exceptional property offers the perfect blend of historic charm and modern convenience—making it an outstanding opportunity for investors or owner-occupants seeking rental income. This well-maintained property features two spacious 1-bedroom apartments and one 2-bedroom apartment, offering strong rental appeal and excellent tenant retention. Each unit has been upgraded with modern kitchens and baths, gleaming wood floors, and attractive finishes that retain the character of the original structure. Updated Systems & Smart Investment Design One of the most valuable features of this property is the separated electric and gas utilities—a major convenience for both landlords and tenants. Each unit operates independently for efficiency and ease of management. The spacious basement provides ample storage space for tenants, along with a coin-operated washer and dryer, creating an added source of income and convenience. These thoughtful upgrades demonstrate a clear attention to detail and an understanding of long-term investment strategies. Added Bonus: Oversized Garage & Private Rear Yard Unlike many multi-unit city properties, 322 W. James Street includes an oversized garage—perfect for parking, storage, or potential additional rental income. The private rear yard offers green space for tenants to enjoy and adds to the overall appeal of the property. Ideal Walkable Location Located in a highly desirable neighborhood, this property is just a short walk to Franklin & Marshall College, Lancaster General Hospital, and beloved local favorites like LUCA Restaurant, The Fridge, Mean Cup, and the Lancaster Barnstormers ballpark. The area is also home to numerous boutiques, coffee shops, galleries, and brew pubs—making this a highly rentable location for professionals, students, and city dwellers alike. With easy access to major roads, public transportation, and vibrant downtown Lancaster, this property offers everything savvy investors look for: location, updates, income potential, and long-term growth. Don’t miss this rare opportunity to own a fully renovated, income-generating 3-unit property in one of Lancaster’s most sought-after neighborhoods. Whether you’re building your portfolio or looking for a live-in investment, 322 W. James Street is a property you won’t want to miss. Schedule your private showing today!

Highlights

Home typeTriplex
HeatingBaseboard, Heat Pump
StatusSale Pending
(PENDING)
Size2,642 sqft
Lot size0.05 Acres
Year built1900
ParkingGarage - Rear Entry,Oversized,Inside Access,Additional Storage Area, Off Street,Detached Garage
MLS #PALA2069126
Garage1 space

Summary

  • Garage Space: 1 space
  • Parking: Garage - Rear Entry,Oversized,Inside Access,Additional Storage Area, Off Street,Detached Garage
  • Architectural Style: Colonial
  • Heating: Baseboard, Heat Pump
  • Cooling: None
  • List Price: $552,000
  • Price/SqFt: $208
  • Annual Tax Amount: $7,668
  • Tax Year: 2024
  • Lot: Back Yard
  • Directions: W.James Street between N. Concord and N. Mulberry St.
  • Year Built: 1900
  • Living Area: 2,642 SqFt
  • Municipality: Lancaster City
  • Lot Size: 0.05 Acres
  • MLS Number: PALA2069126
  • MLS Name: BRIGHT
  • Office Name: RE/MAX Pinnacle
  • Office Phone: (717) 569-2222
  • Office Email: remaxlancaster@comcast.net
  • Listing Agent: Gilbert B Lyons Jr
  • Agent Phone: (717) 295-9995
  • Agent Email: gil@gillyons.com

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. ©2025 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: 5/7/2025, 7:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of home with brick siding

$552,000

322 W James St

$6,555

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Dec 15, 2016
Home Sold
$213,776
Mar 25, 2009
Home Sold
$151,900
Oct 30, 2006
Home Sold
$155,000
Jun 20, 2001
Home Sold
$97,000

Tax history

YearAssessmentProperty Tax
2024$193,800$7,668
2023$193,800$7,225
2022$193,800$7,225
2021$193,800$7,149
2020$193,800$7,070
2019$193,800$6,964
2018$193,800$8,113
2017$114,700$5,268

History based on county public records data.

Nearby schools

4

Wharton Elementary School

Public District KG-5

0.3 mi

705 N Mary St

4

Fulton Elementary School

Public District PK-5

0.4 mi

225 W Orange St

5

Ross Elementary School

Public District PK-5

0.5 mi

840 N Queen St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,606. The most common annual income of people living in Lancaster, PA is less than $<35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

45%
<35k
45%
35k-100k
10%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

65%
Single, No Kids
14%
Single, with Kids
11%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
5%
12-17 yrs old
48%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • BurlingtonBurlington
  • Forever 21Forever 21
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Dominos PizzaDominos Pizza
  • QdobaQdoba

What do the neighbors drive?

  • DodgeDodge
  • MazdaMazda
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Lancaster, PA

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.

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.

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.

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.

About 322 W James St

This home is located at 322 W James St in Lancaster, PA and zip code 17603. This 2,642 square foot home, which was built in 1900, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $552,000.

The number of listings in Lancaster, PA increased by 112.9% between March and April 2025. The median list price of listings available in April 2025 was $349,920, while the average time on the real estate market was 57 days.

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

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