Lancaster’s First Apartment Bldg. Finds New Owner
The Historic Hamilton Suites in Lancaster, PA, sold for $3.1 million, or about $50,000 per unit, in a sale between private investors.
This 58-unit, 38,300-square-foot apartment building at 247 N. Duke St. was built in 1909. A smaller, four-unit multifamily building at 236 N. Duke St. was also included in the deal.
Developed by Hamilton L. Miller, the Hamilton Suites was the first building in Lancaster used strictly as an apartment building. It is listed in the National Register of Historic Places with a certification date of June 1984.
Thomas McDermott of NAI Commercial Partners represented the seller. The buyer was self- represented.
Please see CoStar COMPS #1669531 for details.