Patterson-Schwartz Real Estate23 N Shippen Street, Lancaster, PA 17602-2920 $450,000
Coming Soon
Interior Sq. Ft: 3,349
Acreage: 0.07
Age:135 years
Taxes: $9,694
Design/Type:
End of Row/Townhouse
Description
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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Elem. School: Wickersham E.S. Mid. School: Lincoln M.S. High School: Mccaskey H.S.
Features
Utilities
Radiator Heating, Natural Gas, Wall Unit Cooling, Window Unit(s) Cooling, Electric, Hot Water - Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Off Street
Exterior
Stone Foundation, Brick Exterior, Masonry
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 (27 schools)
Public Middle (9 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Jackson Middle School | Lancaster School District | 6–8 | Lancaster | 0.56 mi |
| Lincoln Middle School | Lancaster School District | 6–8 | Lancaster | 0.9 mi |
| Reynolds Middle School | Lancaster School District | 6–8 | Lancaster | 1.06 mi |
| Wheatland Middle School | Lancaster School District | 6–8 | Lancaster | 1.59 mi |
| Landis Run Intermediate School | Manheim Township School District | 5–6 | Lancaster | 4.11 mi |
| Gerald G Huesken Middle School | Conestoga Valley School District | 6–8 | Lancaster | 4.13 mi |
| Manheim Township Middle School | Manheim Township School District | 7–8 | Lancaster | 4.5 mi |
| Martin Meylin Middle School | Lampeter-Strasburg School District | 6–8 | Lampeter | 4.66 mi |
| Manor Middle School | Penn Manor School District | 7–8 | Lancaster | 4.8 mi |
Public High (8 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| La Academia Partnership Charter School | La Academia Partnership Charter School | 6–12 | Lancaster | 0.19 mi |
| Phoenix Academy | Lancaster School District | 6–12 | Lancaster | 0.51 mi |
| McCaskey Campus | Lancaster School District | 9–12 | Lancaster | 0.75 mi |
| Penn Manor High School | Penn Manor School District | 9–12 | Millersville | 3.79 mi |
| Lancaster County CTC-Willow St Campus | Lancaster County CTC | 9–12 | Willow Street | 4.15 mi |
| Conestoga Valley Senior High School | Conestoga Valley School District | 9–12 | Lancaster | 4.22 mi |
| Manheim Township High School | Manheim Township School District | 9–12 | Lancaster | 4.37 mi |
| Lampeter-Strasburg Senior High School | Lampeter-Strasburg School District | 9–12 | Lampeter | 4.77 mi |
Private (22 schools)
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This report is a detailed community overview for Lancaster (17602), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $41,498
Community Summary
- Population Density (ppl / mile): 1,934
- Household Size (ppl): 2.51
- Households w/ Children: 57%
Housing Inventory
- Owned: 10,219 (50.2%)
- Rented: 8,790 (43.2%)
- Vacant: 1,337 (6.6%)
- Total: 20,346
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: 7.1%
- Some High School: 10.8%
- High School Graduate: 33.7%
- Some College: 16.5%
- Associate Degree: 6.6%
- Bachelor's Degree: 14.8%
- Graduate Degree: 10.4%
Income by dollar range
Median Income: $56,381
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: $543
- One Bedroom: $819
- Two Bedroom: $1,020
- Three Bedroom: $1,067
- Four Bedroom: $1,113
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-5104
Listing Courtesy of: Keller Williams of Central PA , (717) 761-4300
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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 4/04/2025.
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.
