772 Marietta Avenue

LANCASTER, PA 17603

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,844 Sqft
  • 1742
    Sqft(Lot)
$495,000

Description

Stunningly gorgeous 2 unit property located next to the cafe and ice cream shop called *college treats* in desirable chestnut hill neighborhood! this property was renovated top to bottom in 2020 and as a result is in a lerta tax savings program through 2029! the first floor apartment is available and could be an owner occupied unit, owner's lancaster pad, or you have the opportunity to choose your tenant. the unit is a beautiful 1 bed, 1 bath apartment and has historically rented quickly for $1,395/month (gas heat and central air; gas and electric paid by tenant). apt #2 is the 2nd and 3rd floors of the property and is a 2 bed, 2 bath apartment on a new one year lease for $1,675/month (mini split systems for heat + cooling; tenant pays electric). both apartments offer high end finishes including granite counters, wood floors, exposed brick walls, drywall ceilings with recessed lighting, central air, dishwasher, built-in microwave, all vinyl windows & more! there is shared laundry and a shared yard. easy, non-metered street parking readily available on marietta, college ave & chestnut streets. all mechanicals, roof, appliances and finishes are only 5 years old. landlord pays water/sewer, trash, house electric. lerta tax savings: 2025: 50% discount on tax bill. each year the discount decreases by 10% through 2029. current cap rate 6%. gross income $36,840 at the rents stated herein. est. noi $30,072. income/expense proforma with lerta tax savings details available. note: the new one year lease on apartment 2 is the tenant who was in apartment one. tenant took the larger apartment when it became available - this is a testament to the excellent location, conditions, marketability and livability of this property!

  • Property Type

    Multi-Family

  • County

    LANCASTER

  • Style

    Other

  • AD ID

    49240931

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas,Electric

  • Building Information

    • Year Built: 1875
    • Structure: End of Row/Townhouse
    • New Construction: No
    • Total Units: 2
    • Built: 1875
    • Construction Material: Brick,Masonry
    • Foundation/Basement: Brick/Mortar
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 1,742
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.04
    • Architectural Style: Other
    • Stories Total: 3
    • Main Square Feet: 1,742

    Property Information

    • SQ ft: 1,844
    • SQ ft (Living Area): 1,844
    • Total Lot SQ ft: 1,742
    • View: City
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.04
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 4

  • Tax Information

    • Annual Tax: $6,137
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $155,100

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: From Harrisburg Ave, turn right onto College Ave. Travel 6 blocks south. Property is at corner of Marietta and College.

  • School Information

    • School District: SCHOOL DISTRICT OF LANCASTER

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas,Electric
    • Hot Water: Electric

    Location Information

    • Location Type: Urban
    • Direction: From Harrisburg Ave, turn right onto College Ave. Travel 6 blocks south. Property is at corner of Marietta and College.
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BuyOwner last updated this listing 04/21/2025 @ 07:08

  • MLS: PALA2065742
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 1,844 sqft, 1,742 sized lot, and 0 parking. are nearby neighborhoods.