#PALA2068082, William Catesby Gilbert, Listing Office: Mountain Realty ERA Powered
322 W James St Lancaster, PA 17603
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
(PENDING)
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
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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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$552,000
322 W James St
$6,555
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
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
Year | Assessment | Property 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.
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.
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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.