122 CUMBERLAND ST
LEBANON, PA 17042

$379,900

Sq. Ft.: N/A
Type: Commercial
IDX Image
Listing #paln2023054
Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec'ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents. 9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,900 9% cap rate = $1,577,000 value $400,000-$450,000 estimated construction costs to get there $1,577,000 minus $450,000 construction costs minus purchase price= instant equity!
Listing Courtesy of: Manor West Realty (717) 290-8182
Property Features
Location Information
County: LEBANON-PA
Municipality: LEBANON CITY
Latitude: 40.33993912
Longitude: -76.41351318
MLS Area: Lebanon City (13201)
Directions: from Lincoln st. 422 west to property on left
Interior Features
Heating: Forced Air
Heating Fuel: Electric
Cooling: Central A/C, Electric
Water Heater: Natural Gas
Total Number of Units: 0
Accessibility: None
Exterior Features
Is New Construction: No
Construction: Other
Septic or Sewer: No Septic System, Public Sewer
Has Garage: No
Parking Spaces: 21
Lot Size in Acres: 0.27
Lot Size in Sq. Ft.: 11,761
Zoning: COMMERCIAL
Building Total Area (Sq. Ft.): 11,761
Has Waterfront: No
Has Water Access: No
School
School District: LEBANON
Additional Information
ListDate: 2025-09-29 00:00:00.0
Possession: Negotiable
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1945
Status: Active
Tax Year: 2025
Tax Amount: $3,541
Ownership Interest: Fee Simple
Business Type: Apartment Building


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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