Welcome home to this stunning historic 2-unit investment opportunity in downtown Lancaster. This spacious and well-maintained duplex is a fantastic investment or an ideal home for you to live in one apartment and rent the second. In the heart of Lancaster’s Historic District this property offers incredible income potential, with each vacant unit projected to rent for $2,000 per month—totaling $4,000 in monthly income. It also features separate utilities and off-street parking for two vehicles. Experience the grandeur of the 3- story front apartment as you step into the welcoming foyer. The first-floor living room, perfect for entertaining, boasts gleaming hardwood floors and natural light, creating a warm and inviting space. A hardwood staircase, protected by carpeted steps, leads to three bedrooms and three full baths. The rear apartment has a private entrance on East Grant Street and offers outdoor living with a private fenced-in backyard. The entrance leads to a bright, window-lined, living room, with built-in bookshelves for a cozy library nook. This unit features a formal dining room, updated kitchen as well as three bedrooms and 1.5 baths. Throughout both apartments, contemporary renovations enhance the home’s character, including electrical upgrades with dimmer switches for customized lighting. Each unit has its own furnace, hot water heater, electric meter, and washer/dryer hook-up for efficiency and independence. Nestled in a vibrant, predominantly owner-occupied neighborhood, this home is within walking distance to Musser Park, Central and Southern Markets, galleries, the Fulton, many great restaurants, brew pubs, and coffee shops. This property is a rare find with its prime location, contemporary updates and income-generating potential. It also offers the flexibility to be easily converted back to a single-family home. Don't miss the chance to own a piece of Lancaster’s rich history -- schedule your private showing today.
For sale
$450,000
23 N Shippen St, Lancaster, PA 17602
6beds
5baths
3,349sqft
Est.:
Townhouse
Built in 1890
-- sqft lot
$526,400 Zestimate®
$134/sqft
$-- HOA
What's special
Off-street parkingNatural lightPrivate fenced-in backyardGleaming hardwood floorsFormal dining roomBuilt-in bookshelvesUpdated kitchen
- 16 days
- on Zillow |
- 1,192 |
- 84 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 08:46am
Listed by:
Judah Hoover 717-330-6648,
Keller Williams of Central PA (717) 761-4300,
Listing Team: Hoover Lynam And Associates
Source: Bright MLS,MLS#: PALA2066864

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Wall Unit(s), Window Unit(s), Electric
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,349
- Total interior livable area: 3,349 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,049 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3327235400000
- Zoning: 114 RES: 2 FAM DWLG
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick, Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lancaster
- Municipality: LANCASTER CITY
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $245,000
- Annual tax amount: $9,694
- Date on market: 4/10/2025
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
- Total actual rent: 48000
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