313-315 E Cottage Ave, Millersville, PA 17551

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Sold Price
$415,000
List Price
$449,900
Closing Date
Aug 31, 2026
Status
CLOSED
MLS#
PALA2090552
Living Area
1,488
Lot Size (Acres)
1.5
Style
Bungalow
Year Built
1948
County
Lancaster
School District
Penn Manor

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 offers 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.

Additional Information

Area
Millersville Boro (10544)
Subdivision
Millersville
Interior Features
Ceiling Fans, Entry Level Bedroom, Upgraded Countertops, Wood Floors
School District
Penn Manor
Flooring
Tile, Hardwood, Vinyl
Garage Spaces
4
Heating
Forced Air, Hot Water, Radiator(s)
Cooling
Ceiling Fan(s), Window/Wall
Roof
Composition, Shingle
Utilities
Cable Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water
Well
Sewer
Public Sewer
Basement
Drainage System, Full, Interior Entry, Exterior Entry, Poured, Sump Pump, Unfinished, Water Proofing System

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty. Contact:

Selling Office: Keller Williams Keystone Realty.