Bought with Timothy K Shreiner • Berkshire Hathaway HomeServices Homesale Realty
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Key Details
Sold Price $13,675,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALA2068144
Sold Date 08/13/25
Year Built 1988
Available Date 2025-05-15
Annual Tax Amount $111,103
Tax Year 2024
Lot Size 7.960 Acres
Acres 7.96
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to Charleston Townhouses—a rare opportunity to acquire a fully occupied, 68-unit townhome community in the heart of Manor Township, Lancaster County, PA. Situated on nearly 8 acres, this well-maintained, income-producing asset offers immediate scale and long-term upside in one of the region's most stable and growing rental markets.
Each spacious townhome comes with 2 or 3 bedrooms, private entrances, and in-unit laundry hookups, central air conditioning, with most units having undergone extensive renovations including updated kitchens, bathrooms, flooring, and fixtures. Tenants enjoy the convenience of separately metered utilities (electric and water), ample surface parking, and proximity to key amenities and major employers.
Charleston Townhouses benefits from a strong rent roll, low turnover, and significant demand drivers—including its location just 8 minutes from Millersville University and easy access to Route 30 and downtown Lancaster. With a stable cash flow and a professionally managed operation, this property presents an outstanding opportunity for investors seeking scale, yield, and growth potential.
Don't miss your chance to acquire one of the largest stabilized multifamily offerings in Lancaster County. This is the 1st time since construction this property is for sale.
Qualified Buyer's only. Please be respectful and do not drive through community and do not talk to tenants.
Location
State PA
County Lancaster
Area Manor Twp (10541)
Zoning RH
Interior
Hot Water Electric
Heating Forced Air, Heat Pump - Electric BackUp
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 152.0
Utilities Available Cable TV Available, Electric Available, Sewer Available, Water Available
Water Access N
Roof Type Architectural Shingle,Asphalt
Accessibility None
Total Parking Spaces 152
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Penn Manor
Others
Tax ID 410-37020-0-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "