23 N Shippen Street Lancaster, PA 17602

Stunning Historic 2-Unit Investment Opportunity in Downtown LancasterThis spacious and well-maintained duplex in the heart of Lancaster’s Historic District offers incredible income potential, with each vacant unit projected to rent for $2,000 per month—totaling $4,000 in monthly income. Featuring separate utilities and off-street parking for two vehicles, this property is a fantastic investment or an ideal situation for an owner-occupant to live in one apartment and rent the second.Unit 1 fronts N. Shippen Street and showcases a preserved formstone exterior, classic granite steps, and a welcoming vestibule. Inside, the first-floor living room boasts gleaming hardwood floors and abundant natural light, creating a warm and inviting space. A hardwood staircase, protected by carpeted steps, leads to three bedrooms and three full baths, providing ample living space.Unit 2 has a private entrance on East Grant Street and offers a unique charm. The entrance leads to a bright, window-lined flex space, perfect for a plant-filled living room and a cozy library with built-in bookshelves. This unit features three bedrooms and 1.5 baths, plus exclusive access to the backyard.Throughout both apartments, contemporary renovations enhance the home’s character, including electrical upgrades with knob-and-tube wiring abated, and dimmer switches for customized lighting. Each unit has its own furnace, hot water heater, electric meter, and washer/dryer hook-up for efficiency and independence.Nestled in a vibrant, predominantly owner-occupied neighborhood, this home is within walking distance to Musser Park, Central Market, Southern Market, Lancaster Square, galleries, the Fulton Theatre, renowned restaurants, and boutique shops. The neighbors gather for a cherished community potluck twice a year, reflecting the welcoming atmosphere of this historic block.This property is a rare find with its prime location, contemporary updates and income-generating potential. It also offers the flexibility to be easily converted back to a single-family home. Don't miss the chance to own a piece of Lancaster’s rich history -- schedule your private showing today.