A rare opportunity to own a thoughtfully configured multi-unit property in the heart of Lancaster; ideal for an owner-occupant seeking supplemental income while enjoying a beautifully updated primary residence. The property features two distinct units, offering both immediate usability and long-term flexibility: The first floor is approximately ±1,458 SF offering two bedrooms, and two bathrooms. Delivered vacant at closing, the first-floor residence has been recently renovated and is perfectly suited for an owner-user. The layout offers generous living space and direct access to an oversized side yard-a true rarity within the city. A charming wraparound porch enhances the lifestyle appeal, creating the perfect setting for outdoor dining, entertaining, or simply enjoying the neighborhood. The second floor is approximately ±1,236 SF offering two bedrooms, and one bathroom. The upper unit is currently leased to a long-term tenant on a month-to-month basis at $1,200/month, providing immediate income with flexibility. A new lease can be formalized for stability, or the space can be repositioned in the future depending on the owner's goals. This configuration creates an ideal scenario for a buyer looking to offset their mortgage with rental income, while maintaining privacy and control of their primary living space. Located just moments from Central Market, along with Lancaster's vibrant mix of coffee shops, restaurants, galleries, and boutiques, the property offers both convenience and lifestyle appeal in one of the city's most desirable neighborhoods. Whether you're a first-time buyer, a strategic investor, or someone looking for a hybrid live/work or live/income setup, 601 W Orange Street delivers a compelling combination of functionality, flexibility, and long-term upside.