Patterson-Schwartz Real Estate772 Marietta Avenue, Lancaster, PA 17603-3438 $495,000
Interior Sq. Ft: 1,844
Acreage: 0.04
Age:150 years
Taxes: $6,137
Design/Type:
End of Row/Townhouse
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!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Electric, Natural Gas, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Brick/Mortar Foundation, Brick Exterior, Masonry
Lot
Urban, City View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (24 schools)
Public Middle (8 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Reynolds Middle School | Lancaster School District | 6–8 | Lancaster | 0.21 mi |
| Wheatland Middle School | Lancaster School District | 6–8 | Lancaster | 0.63 mi |
| Jackson Middle School | Lancaster School District | 6–8 | Lancaster | 1.52 mi |
| Lincoln Middle School | Lancaster School District | 6–8 | Lancaster | 1.94 mi |
| Manor Middle School | Penn Manor School District | 7–8 | Lancaster | 3.73 mi |
| Centerville Middle School | Hempfield School District | 7–8 | Lancaster | 4.32 mi |
| Landis Run Intermediate School | Manheim Township School District | 5–6 | Lancaster | 4.34 mi |
| Manheim Township Middle School | Manheim Township School District | 7–8 | Lancaster | 4.65 mi |
Public High (6 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| La Academia Partnership Charter School | La Academia Partnership Charter School | 6–12 | Lancaster | 1.32 mi |
| Phoenix Academy | Lancaster School District | 6–12 | Lancaster | 1.34 mi |
| McCaskey Campus | Lancaster School District | 9–12 | Lancaster | 1.71 mi |
| Penn Manor High School | Penn Manor School District | 9–12 | Millersville | 3.04 mi |
| Manheim Township High School | Manheim Township School District | 9–12 | Lancaster | 4.52 mi |
| Lancaster County CTC-Willow St Campus | Lancaster County CTC | 9–12 | Willow Street | 4.73 mi |
Private (19 schools)
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This report is a detailed community overview for Lancaster (17603), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 23
- Average salary of people in this community: $41,417
Community Summary
- Population Density (ppl / mile): 2,128
- Household Size (ppl): 2.47
- Households w/ Children: 58%
Housing Inventory
- Owned: 14,354 (53.7%)
- Rented: 10,900 (40.8%)
- Vacant: 1,453 (5.4%)
- Total: 26,707
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.0%
- Some High School: 9.7%
- High School Graduate: 32.2%
- Some College: 16.2%
- Associate Degree: 7.8%
- Bachelor's Degree: 19.2%
- Graduate Degree: 10.8%
Income by dollar range
Median Income: $55,067
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $654
- One Bedroom: $765
- Two Bedroom: $1,039
- Three Bedroom: $1,177
- Four Bedroom: $1,282
© 2025 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: PPM Real Estate, Inc. , (717) 394-3374, corinn@ppmproperties.com
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 4/07/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
