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432 Chestnut Street
Columbia, Pennsylvania PA 17512-1230
Sold For: $435,000
Listing ID: PALA2034606
Price/SqFt: $103.49
Status: CLOSED
Sold Date: 7/14/2023
SqFt: 4,300 Sq Ft
Acres: 0.230 Acres
Year Built: 1888

Here is your opportunity to own a prominent piece of investment real estate in Columbia! This is 432 Chestnut Street in Columbia, a 3-unit unmatched in its maintenance record and style. The first floor hosts a staple of Columbia, Dr. Stephen Perry DDS, in a unique space featuring exposed brick and over 2000 square feet of versatile space. The tenant is willing to sign a 3 year lease. Above this office is an urban chic style two-bedroom apartment space sure to command attention in up-and-coming Columbia. In the back of the property is a building hosting a 2 car garage presently used by the office tenant, and a 1-car garage for the two-bedroom apartment just above it. All units are fully rented and boast a great rental history! Columbia has been the beneficiary of much investment in recent years including a renovated marketplace, the Northwest River Trail, hotspots such as Columbia Kettleworks, and a growing hub for antiquing. Don’t miss your opportunity to get in on the “ground floor” and own this great piece of investment real estate in Columbia! Schedule your private showing today!

Primary Features

County: Lancaster
Price/SqFt: 103.49
Property Sub Type: Detached
Property Type: Multi Family
Year Built: 1888
Zoning: MDRB


Basement: yes
Basement Type: Full
Central Air: yes
Cooling Type: Ceiling Fan(s), Central A/C, Dehumidifier, Wall Unit
Fireplace: yes
Fireplaces Count: 2
Flooring Type: Carpet, Hardwood, Tile/Brick
Heating: yes
Heating Type: Zoned
Living Area SqFt Source: Estimated
Total Below Grade SqFt Source: Assessor
Total SqFt: 4300
Total SqFt Source: Estimated
Wall & Ceiling Types: 9'+ Ceilings


Architectural Style: Colonial
Building Units Total: 3
Construction Materials: Brick, Masonry
Cooling Fuel: Electric
Foundation Details: Block
Garage: yes
Garage Features: Other
Garage Spaces Count: 3
Heating Fuel: Electric
Hot Water: Natural Gas
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
New Construction: no
Number of Detached Garage Spaces: 3
Other Structures: Above Grade, Below Grade
Pool: No Pool
Roof: Rubber, Slate
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 3
Type of Parking: Detached Garage, On Street
Utilities: Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no
Window Features: Skylights


Country: US
Location Type: Urban
MLS Area: Columbia Boro (10511)
Municipality: COLUMBIA BORO
School District Name: COLUMBIA BOROUGH
School District Source: Listing Agent
Waterfront: no


Accessibility Features: None
Base Off Market Date: 2023-07-14T00:00:00+00:00
Days on Market: 8
Land Use Code: 579
Property Condition: Excellent
Property Sub Type: Triplex
Year Assessed: 2023
Year Built Source: Estimated


Acceptable Financing: Conventional, Cash
Automatically Update Tax Values: yes
Buyer Financing: Conventional
Cap Rate: 7.6
Exclusions: Dental fixtures
Gross Scheduled Income: 55500
Income Includes: Apartment Rentals, Professional Offices
Insurance Expense: 1500
Maintenance Expense: 1200
Net Operating Income: 33980
Operating Expense: 16895
Operating Expense Includes: Insurance, Snow Removal, Trash
Other Expense: 1516
Ownership Interest: Fee Simple
Possession: Settlement
Rent Control: no
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 10620
Tax Assessed Value: 284200
Tax Year: 2022
Total Actual Rent: 50875
Trash Expense: 900
Vacancy Allowance Rate: 8.3
Vacation Rental: no

Zoning Info

Area Info

Listing courtesy of RE/MAX Pinnacle (717) 569-2222

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers 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 listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of RE/MAX Pinnacle. Data last updated on Saturday, September 23rd, 2023 09:35:01 AM.

Contact - Listing ID PALA2034606

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Jennifer L. King

1290 Broadcasting Rd.
Wyomissing, PA 17601
Phone: 717-723-9080
Main Office 717-509-2880 x3346

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