61 SPENCER 63, LANCASTER, PA 17603
HAMILTON PARK · LANCASTER County
Key Facts
Description
Fully leased 4-unit brick multifamily property located in Lancaster Township, in the established Hamilton Park / West End neighborhood just south of Franklin & Marshall College and minutes from Downtown Lancaster. The unit mix consists of two 1-bedroom/1-bath units and two 3-bedroom/1-bath units. The property sits on a quiet, tree-lined residential street with strong long-term rental demand driven by proximity to F&M College, downtown Lancaster's restaurants, retail and employers, and easy access to Routes 30 and 501. Solid brick construction and a stable, established residential setting make this a low-maintenance hold with consistent tenant demand. A turnkey opportunity for an investor seeking a stabilized multifamily asset in one of Lancaster City's most desirable residential areas.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
House
Year Built
1920
Lot Size
0.21 acres
Lot Dimensions
0.00 x 0.00
Zoning
R2 - RESIDENTIAL
Days on Market
1
MLS® Listing#
PALA2091902
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Laundry
Construction
Foundation
Roof
Security
Utilities
Sewer
Water Source
Schools
- District:
- SCHOOL DISTRICT OF LANCASTER
Financial Details
Annual Taxes
$7,139
Tax year 2025
Assessed Value
$233,400
Parcel Number
340-39847-0-0000
Directions
61-63 Spencer Ave, Lancaster, PA 17603
Affordability Calculator
$107,000
Estimated monthly payment
$2,847/mo
Principal $428,000 · Est. interest $597,098 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LANCASTER, PA
- $380,734
- Median Listing Price
- 38
- Median Days on Market
- 1,873
- Median Sq Ft
- $202
- Median Price / Sq Ft
- 241
- Active Listings
- This home’s price is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LANCASTER, PA.
Location
Points of Interest in LANCASTER, PA
Showing the LANCASTER area map.
Nearby Schools
Rabbi Avrohom Notis of Meor Dovid
School · 0.1 mi away
James Buchanan Elementary School
Elementary · 0.2 mi away
Lancaster Friends School
Elementary · 0.2 mi away
New School of Lancaster
Secondary · 0.3 mi away
Wheatland Middle School
Secondary · 0.3 mi away
Smith-Wade-El Elementary
Elementary · 0.4 mi away
Reynolds Middle School: A Full Service Community School
Secondary · 0.7 mi away
Sacred Heart School
Elementary · 0.7 mi away
Sunshine Nursery Daycare Center
School · 0.8 mi away
Lafayette Elementary School
Elementary · 0.9 mi away
Lancaster Country Day School
Secondary · 1.0 mi away
Fulton Elementary School
Elementary · 1.0 mi away
Thomas Wharton Elementary School
Elementary · 1.1 mi away
School District of Lancaster
School · 1.2 mi away
Carter and MacRae Elementary School
Elementary · 1.2 mi away
Hamilton Elementary School
Elementary · 1.2 mi away
Price Elementary School
Elementary · 1.2 mi away
Ross Elementary School
Elementary · 1.5 mi away
King Elementary School
Elementary · 1.5 mi away
Wonder Club Early Learning Ctr S Lancaster City
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 445 N DUKE STREET, LANCASTER, PA | $450,000 | 8 | — | 2,904 |
Moving Cost Estimate
EXIT Agents in LANCASTER
Listing Courtesy: Bennett Williams Realty, Inc. - 7178435555