New - 5 days on Rocket
$1,746 Closing Credit¹
#PABK2053054, Adam High, Listing Office: Howard Hanna Real Estate Services - Lancaster
Property details
About 5 E Penn Ave
*** Projected Annual NOI of $430,000***Discover a rare investment opportunity with this 42-unit historic building, in a prime, high-traffic location. Boasting 38 residential rooming units, 17 of which having their own private bathrooms and 4 thriving commercial spaces. The commercial units are anchored by an open and thriving bar, a cozy cafe, a fully equipped kitchen, and a spacious restaurant/ballroom area ideal for events. In addition to a thrift shop adds to the building's diverse tenant mix. Included in the sale is an additional parcel just across the street, featuring a barn with its own parking lot. With zoning approval, this versatile space could be transformed into additional storage, parking, or even expanded living quarters, offering further potential to increase value. This profitable property offers stable income with significant upside for the savvy investor. Additional financials are available upon request, and all offers are welcome. Don't miss your chance to own a piece of history with endless possibilities. Schedule your showing today!
Highlights
Home typeOther
HeatingBaseboard
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
Size8,000 sqft
Lot size0.41 Acres
Year built1890
ParkingPrivate, Parking Lot
MLS #PABK2046952
Summary
- MLS Number: PABK2046952
- MLS Name: BRIGHT
- Office Name: Pagoda Realty
- Office Phone: (610) 985-7700
- Office Email: crstringer@msn.com
- Listing Agent: Jimmy Thelusca
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: 2/1/2025, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,850,000
5 E Penn Ave
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 07, 2021 | Home Sold | $950,000 |
| Dec 16, 2005 | Home Sold | $450,000 |
| Jul 14, 2003 | Home Sold | $275,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $253,500 | $3,899 |
| 2023 | $253,500 | $10,959 |
| 2022 | $253,500 | $11,569 |
| 2021 | $253,500 | $11,377 |
History based on county public records data.
Nearby schools
6
Conrad Weiser East Elementary School
Public District KG-4
0.4 mi
•200 Lincoln Dr
3
Green Valley Elementary
Public District KG-5
1.9 mi
•270 Green Valley Rd
5
Cornwall Terrace Elementary
Public District KG-5
3.7 mi
•3100 Iroquois Ave
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 $57,143. Typical income of Wernersville, PA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
29%
<35k
55%
35k-100k
16%
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?
39%
Single, No Kids
9%
Single, with Kids
33%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
40%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
College Football
NASCAR
Extreme Sports
Where do the neighbors shop?
Best Buy
Dick's Sporting Goods
Academy Sports & Outdoors
Where do the neighbors go to eat?
Texas Roadhouse
Arbys
Little Caesars
What do the neighbors drive?
Ram
GMC
Chevrolet
What do the neighbors listen to?
Contemporary Christian
Adult Hits
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5 E Penn Ave
This home is located at 5 E Penn Ave in Wernersville, PA and zip code 19565. This 8,000 square foot home, which was built in 1890, sits on a 0.41 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $2,850,000.
Wernersville, PA housing market in January 2025 saw over 0 listings sold above listed price, more than 4 sold at listed price and over 1 sold below. The number of homes for sale in Wernersville, PA increased by 53.8% between December and January 2025. The median list price of listings available in January 2025 was $319,900, while the average time on the real estate market was 15 days.
From Rocket Homes Real Estate and based on county public records data.