$7,481

closing credit¹

540 E King St Lancaster, PA 17603

$630,000
2,352 sqft
0.2 acres
$268 / sqft
House

Property details

About 540 E King St

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.

Highlights

Home typeOther
HeatingBaseboard
StatusActive
(ACTIVE)
CoolingWall Unit(s)
Size2,352 sqft
Lot size0.18 Acres
Year built1890
ParkingGarage - Rear Entry, On Street,Attached Garage,Off Street
MLS #PALA2059304
Garage2 spaces

Summary

  • MLS Number: PALA2059304
  • MLS Name: BRIGHT
  • Office Name: Keller Williams Elite
  • Office Phone: (717) 553-2500
  • Office Email: klrw1040@kw.com
  • Listing Agent: Matthew Joseph Koch

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: 1/19/2025, 11:20:56 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 property with cooling unit

$630,000

540 E King St

$7,481

closing credit¹

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Price information

Property sales

DateEventPrice
Jan 03, 2018
Home Sold
$290,000
Dec 18, 2003
Home Sold
$100,000

Tax history

YearAssessmentProperty Tax
2021$197,200$7,275
2020$197,200$7,194
2019$197,200$7,087
2018$86,900$3,638
2017$80,700$3,706

History based on county public records data.

Nearby schools

5

King Elementary School

Public District PK-5

0.5 mi

466 Rockland St

5

Wickersham Elementary School

Public District PK-5

0.6 mi

401 N Reservoir St

4

Washington Elementary School

Public District PK-5

0.6 mi

545 S Ann 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 $15,529. Residents of Lancaster, PA typically earn less than $<35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

88%
<35k
12%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

43%
Single, No Kids
35%
Single, with Kids
10%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
12%
12-17 yrs old
24%
18-34 yrs old
37%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Church's ChickenChurch's Chicken
  • Cicis PizzaCicis Pizza

What do the neighbors drive?

  • BuickBuick
  • CadillacCadillac
  • PontiacPontiac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Lancaster, PA

About 540 E King St

This home is located at 540 E King St in Lancaster, PA and zip code 17602. This 2,352 square foot home, which was built in 1890, sits on a 0.18 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $630,000.

In December 2024, from all listings sold in Lancaster, PA there were more than 64 sold above asking price, over 37 sold below and more than 38 were sold right at the asked price. In December 2024 in Lancaster, PA there were 13.4% less homes for sale than in November. Listings spent 17 days on the market in December 2024, and had a median list price of $319,968 during the same period.

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

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