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Michael Davis

michael@mdavisismyrealtor.com +1(302) 300-2300

Listed by Stephanie Frysinger • Berkshire Hathaway HomeServices Homesale Realty

$ 449,900

Est. payment | -/mo

1,488 SqFt

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$ 449,900

Est. payment | -/mo

Save Virtual Tour

1,488 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,488 sqft

Price per Sqft $302

Subdivision Millersville

MLS Listing ID PALA2090552

Style Bungalow

Abv Grd Liv Area 1,488

Year Built 1948

Annual Tax Amount $6,721

Tax Year 2026

Lot Size 1.500 Acres

Acres 1.5

Property Sub-Type Detached

Source BRIGHT

Property Description

Set on a generous 1.5-acre lot, this rare investment opportunity features two separate 2-bedroom single-family homes plus a professional level garage in the back of the lot that produces an additional income stream. The property offers exceptional flexibility, strong income potential, and long-term upside. Whether you choose to live in one home and rent the other or lease both, this is a true multi-stream income-producing asset in a high-demand rental corridor. Ideally located just minutes from Millersville University, the property benefits from consistently strong rental demand driven by students, university staff, and the surrounding workforce. Significant improvements have been completed throughout both homes and structures, including mechanical systems and basement waterproofing. Unit 313 is currently rented (lease includes detached 2 car garage behind it) and features hardwood floors, an enclosed front porch, rear deck, updated hot water heater and gas furnace, a dry-locked basement with Bilco access, and a detached two-car garage. Unit 315 offers updated interior finishes, hardwood floors, front and rear porch/patio spaces, new Bilco doors providing improved basement access and functionality, and plenty of off street parking. All of the improvements to the property help reduce future capital expense concerns for the buyer. A standout feature of the property is the upgraded income producing garage in the rear of the lot. The new structure is complete with a car lift and ample space for automotive work, equipment, or hobby/business use, adding versatility beyond traditional residential income. With two homes, two garages, and multiple income streams, this property offers a rare combination of land, location, and flexibility in a consistently strong rental market with enduring demand.

Location

State PA

County Lancaster

Area Millersville Boro (10544)

Zoning RESIDENTIAL

Rooms

Basement Drain, Full, Interior Access, Outside Entrance, Poured Concrete, Sump Pump, Unfinished, Water Proofing System

Interior

Interior Features Ceiling Fan(s), Entry Level Bedroom, Upgraded Countertops, Wood Floors

Hot Water Electric, Natural Gas

Heating Forced Air, Hot Water, Radiator

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Ceramic Tile, Hardwood, Vinyl

Equipment Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer

Fireplace N

Appliance Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer

Heat Source Natural Gas, Oil

Exterior

Exterior Feature Deck(s), Enclosed, Patio(s), Porch(es)

Parking Features Additional Storage Area, Garage Door Opener, Oversized

Garage Spaces 4.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Composite,Shingle

Street Surface Paved

Accessibility None

Porch Deck(s), Enclosed, Patio(s), Porch(es)

Road Frontage Public

Total Parking Spaces 4

Garage Y

Building

Lot Description Stream/Creek

Foundation Block

Above Ground Finished SqFt 1488

Sewer Public Sewer

Water Well

Architectural Style Bungalow

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Penn Manor

Others

Tax ID 440-44442-0-0000

Ownership Fee Simple

SqFt Source 1488

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://gressphotography.com/313315-E-Cottage-Ave/idx

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(302) 300-2300

michael@mdavisismyrealtor.com

651 north broad st #106, Middletown, Delaware, 19709, USA

313-315 E COTTAGE AVE Millersville, PA 17551