Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Schiavone & Associates
Property view
Listing view 2
Listing view 3

121 Laurel St, 
Lancaster, PA 17603

$350,000


5

Beds


Bath


1,876

Sq Ft


Multi-Family

Active

Listed by

Matthew Joseph Koch

David Garpstas

Keller Williams Elite, 7175532500, klrw1040@kw.com

Last updated:

July 4, 2026, 07:44 PM

MLS#

PALA2090842

Source:

BRIGHTMLS

About This Home

121 Laurel St

Exceptional mixed-use investment opportunity offering immediate income with additional upside potential. This well-maintained three-unit commercial property features a street-level commercial space, currently occupied by a single-chair salon, along with two residential apartments and two detached garages. The residential units include a spacious one-bedroom apartment currently leased for $900 per month and a vacant two- to three-bedroom apartment that was previously rented for $1,500 per month, providing an excellent opportunity for an owner-occupant or the ability to increase cash flow immediately. The commercial salon space is leased for $575 per month, creating a diversified income stream. The property has seen several important updates, including nearly all replacement windows and a Lead Safe Certification obtained through the city last year, offering added value and peace of mind. Both residential units include existing washer and dryer hookups that can easily be exposed again, providing a desirable amenity for future tenants. The owner currently pays water, sewer, trash, and common area electric. With two garages providing additional storage or rental potential, stable existing tenants, and a vacant unit ready for occupancy or lease, this property presents an excellent opportunity for investors seeking both current income and future growth.

Home Facts

Multi-Family

5 Bedrooms

Built in 1900

Price Summary

350,000

$186 per Sq. Ft.

MLS #:

PALA2090842

Last Updated:

July 4, 2026, 07:44 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5


Structure

Structure

Architectural Style:

Converted Dwelling

Building Area:

1,876 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

2,178


Finances & Disclosures

Finances

Price:

$350,000

Price per Sq. Ft:

$186 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.