Welcome to 314 College Ave, located in the sought-after College Hills neighborhood of Lancaster City. This multi-unit property presents an exceptional opportunity for both owner-occupants and investors alike. Situated just a stone's throw from Franklin & Marshall College, this property offers proximity to educational and cultural amenities, making it a prime location for rental demand. With 2 units on site, you have the flexibility to live in one unit while renting out the other—a fantastic option for those seeking to offset their mortgage or generate additional income. The property features 3 convenient off-street parking spaces at the rear, a valuable asset in this urban setting. There's also plenty of room for personalization and upgrades throughout, allowing you to add your own touches and potentially increase rental income. Enjoy the convenience of being mere blocks away from downtown Lancaster, where you'll find a wealth of shops, restaurants, theaters, and entertainment options. Plus, easy access to major highways ensures effortless travel to other areas within Lancaster County, Hershey, Harrisburg, and beyond. Don't miss out on this exciting opportunity to invest in Lancaster City's thriving real estate market. Schedule a showing of 314 College Ave today and discover the potential that awaits in this prime location!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1925
Living Area: 2,000 SqFt
Listing Office:
Office Name: Keller Williams Elite
Office Phone: (717) 553-2500
Listing Agent: Matthew Joseph Koch
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Hardwood, Carpet
Interior: Carpet, Wood Floors
Exterior Features
Exterior Information:
Exterior: Sidewalks, Street Lights
Parking Information:
Parking: Paved Parking, Off Street
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Hot Water, Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
J. P. McCaskey High School Campus, Public District Grades EE-12
Reynolds Middle School, Public District Grades 6-8
Wharton Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Head E on Route 30, Turn left onto the ramp to PA-23 W/E Walnut St, Turn left onto the ramp to PA-23 W/E Walnut St, Continue onto PA-23 W/E Walnut St, Turn right onto College Ave, Home is on the left.
Municipality:
Lancaster City
Price Information
Listing Price Info
Price Summary:
List Price: $340,000
Price Per SqFt: $170/SqFt
Tax Information:
Annual Amount: $4,818
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lancaster, PA.
This property is $30K more than the Median Sold Price and $11/SqFt less than other homes in Lancaster, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PALA2051174
Listing Office:
Office Name: Keller Williams Elite
Office Phone: (717) 553-2500
Listing Agent: Matthew Joseph Koch
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.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Wharton Elementary School
705 N Mary St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
Middle School
5
/10
Reynolds Middle School
605 W Walnut St
Distance between this listing and this school0.13 miles
Public District Grades 6-8
High School
3
/10
J. P. McCaskey High School Campus
445 N Reservoir St
Distance between this listing and this school1.66 miles
Public District Grades EE-12
Assigned Schools
4
/10
Wharton Elementary School
705 N Mary St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
Nearby Schools
4
/10
Fulton Elementary School
225 W Orange St
Distance between this listing and this school0.61 miles
Public District Grades EE-5
5
/10
Buchanan Elementary School
340 S West End Ave
Distance between this listing and this school0.61 miles
Public District Grades PK-5
Assigned Schools
5
/10
Reynolds Middle School
605 W Walnut St
Distance between this listing and this school0.13 miles
Public District Grades 6-8
Nearby Schools
3
/10
Wheatland Middle School
919 Hamilton Park Dr
Distance between this listing and this school0.72 miles
Public District Grades 6-8
4
/10
Hand Middle School
431 S Ann St
Distance between this listing and this school1.67 miles
Public District Grades 6-8
Assigned Schools
3
/10
J. P. McCaskey High School Campus
445 N Reservoir St
Distance between this listing and this school1.66 miles
Public District Grades EE-12
Nearby Schools
2
/10
La Academia Partnership Charter School
30 N Ann St
Distance between this listing and this school1.33 miles
Public Charter Grades 6-12
2
/10
Phoenix Academy
630 Rockland St
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $59,135. The majority of Lancaster, PA residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 314 College Ave in Lancaster, PA and zip code 17603. This 2,000 square foot home, which was built in 1925, sits on a 0.08 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $340,000.
Lancaster, PA housing market in April 2024 saw over 36 listings sold above listed price, more than 26 sold at listed price and over 23 sold below. In April 2024 in Lancaster, PA there were 0.3% less homes for sale than in March 2024. The median list price of listings available in April 2024 was $310,000, while the average time on the real estate market was 16 days.
From Rocket Homes Real Estate and based on county public records data.