30 N 2nd Street, Columbia, PA 17512

Description

Here's your chance to own a turn-key, income-producing triplex in one of Lancaster County's fastest-growing riverfront towns. Situated in downtown Columbia adjacent to the brand-new Hampton Inn — the first hotel of its kind in the borough — this property puts you steps from the Susquehanna River, the Northwest River Trail, and the shops and restaurants fueling the area's revitalization.

This semi-detached triplex was substantially renovated in 2021, and features 2,943 finished square feet across three well-maintained apartments. Unit A is a cozy 1-bedroom, 1-bath (approx. 500 sq ft); Unit B is a spacious 3-bedroom, 1-bath (approx. 1,200 sq ft), currently vacant and move-in ready; and Unit C is a 2-bedroom, 1.5-bath layout (approx. 1,243 sq ft). Each unit enjoys its own laundry hookup and a dedicated parking space, part of three total off-street, paved, and lighted parking spots shared with the adjacent hotel lot.

For investors, the numbers work from day one: annual rental income of roughly $44,289, net operating income of about $29,861, and a 7.5% cap rate at the $399,000 list price. For an owner-occupant, the vacant unit means you can move in immediately and let your two tenants help cover the mortgage, all while building equity in a rapidly appreciating downtown corridor.
Whether you're growing a rental portfolio or looking to live well while your tenants help pay your way, this is a rare opportunity to plant a flag in downtown Columbia's growth story. Don't miss the opportunity!