Bought with Unrepresented Buyer • Unrepresented Buyer Office
$454,000
$454,000
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5,227 SqFt
SOLD DATE : 09/24/2025
Key Details
Sold Price $454,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,227 sqft
Price per Sqft $86
MLS Listing ID PALN2022104
Sold Date 09/24/25
Style Traditional
HOA Y/N N
Abv Grd Liv Area 5,227
Year Built 1945
Annual Tax Amount $3,837
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Other
Source BRIGHT
Property Description
Turn-key 4-unit mixed-use brick building with commercial space located in a desirable area of Lebanon. Property features a first-floor restaurant leased for $1,500/month on a 5-year term with 5% annual increases—lease includes a clause allowing a new owner to modify or terminate. Residential units include one 2-bedroom apartment renting for $1,300/month and two 1-bedroom units renting for $1,100 and $1,000. A detached 1-car garage is currently rented for $150/month. Tenants pay electric (baseboard heat), and the restaurant has mini-split heating and cooling with a gas boiler backup. The building has updated plumbing and wiring within the last 2 years and is well-maintained with long-term tenants in place. Annual rental income is approximately $66,600 with fixed expenses of $9,275. Great investment opportunity in a strong and stable rental market.
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning 319 COMM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
View Y/N N
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Private Pool N
Building
Above Ground Finished SqFt 5227
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
Middle Schools Lebanon
High Schools Lebanon
School District Lebanon
Others
Pets Allowed N
Senior Community No
Tax ID 04-2337712-370543-0000
Ownership Fee Simple
SqFt Source 5227
Acceptable Financing Bank Portfolio, Cash, Conventional, Exchange
Horse Property N
Listing Terms Bank Portfolio, Cash, Conventional, Exchange
Financing Bank Portfolio,Cash,Conventional,Exchange
Special Listing Condition Standard
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