Property Description
REAL ESTATE AUCTION / November 9, 2026 @ 4 pm List price of $500,000.00 is a suggested opening bid only and is not indicative of the final sale price. TERMS: $50,000.00 down at Auction - Settlement on or before December 21, 2026. – Excellent 4-Unit Investment Opportunity in Strasburg Township! Don't miss this outstanding opportunity to purchase a well-maintained, income-producing 4-unit residential investment property situated on 1 acre in the desirable Lampeter-Strasburg School District. This property consists of a 4-unit apartment building featuring three 2-bedroom, single-story apartments, along with a separate 3-bedroom, single-story apartment with an attached 25' x 13' garage. All four units are currently occupied, generating a total gross rental income of $4,925 per month or $59,100 annually! Unit 1 features an eat-in kitchen/dining area with painted cabinetry and appliances, mudroom with laundry, 2 bedrooms, full bath with tub/shower, small basement, electric baseboard heat, and 100-amp service. Currently rented for $1,300/month. Unit 2 offers a similar 2-bedroom layout with eat-in kitchen, laundry area, and full bath, along with new windows, kitchen cabinets, and countertops installed in 2023. Currently rented for $1,250/month. Unit 3 features an eat-in kitchen/dining area with attractive stone accent walls, mudroom with laundry, 2 bedrooms, full bath with walk-in shower, and small basement. Currently rented for $1,025/month. The three-unit apartment building received a new metal roof in 2026! Unit 4 is a separate 3-bedroom apartment featuring an eat-in kitchen/dining area, mudroom with laundry, full bathroom with tub/shower, additional bathroom with shower stall, small basement, and attached garage. New windows and minor interior updates were completed in 2020. Currently rented for $1,350/month. All four apartments feature electric baseboard heat, LP water heaters, and 100-amp electrical service. The property is situated on a spacious 1-acre lot with lawn areas, gravel driveway and ample off-street parking. Enjoy a peaceful country setting while remaining conveniently located near Routes 272 and 372, with easy access to Quarryville, Willow Street, and surrounding Lancaster County communities. A great cash-flowing investment property with established rental income and numerous recent improvements! Whether you're looking to expand your investment portfolio or purchase your first multi-unit rental property, this is an excellent year-end real estate auction opportunity!