236 W MARKET ST
JONESTOWN, PA 17038
$1,300,000
Sq. Ft.:
N/A
Type:
Commercial
Listing #PALN2027726
Exceptional investment opportunity in the heart of Jonestown! This impressive former warehouse has been thoughtfully transformed into a well-maintained, income-producing mixed-use property featuring 8 residential apartments, 8 storage units, and a full walk-out basement with outstanding potential for future expansion. Whether you're looking to grow your portfolio or add a high-performing asset, this property offers immediate cash flow with room to increase revenue. The residential portion consists of eight spacious apartments, including two 3-bedroom, 2-bath units, four 2-bedroom, 2-bath units, and two 2-bedroom, 1-bath units. Seven of the eight apartments have been beautifully renovated with modern finishes including luxury vinyl plank flooring, custom cabinetry, granite countertops, stainless steel appliances, recessed lighting, and updated kitchens and bathrooms. Apartment 8 presents an excellent value-add opportunity as the only unit awaiting a full renovation. Entire building is equipped with secure keypad entry, a sprinkler system for safety and peace of mind and each unit has it's own furnace and hot water heater. Residents enjoy the convenience of a common-area coin-operated laundry facility, while the property also includes 8 storage units, with two currently leased for additional monthly income. The expansive full walk-out basement offers tremendous potential to create additional storage units, warehouse space, or other income-producing uses, subject to any necessary approvals. The property currently generates $11,700 in gross monthly income. Tenants pay their own heat and electric, keeping operating expenses lower for the owner. The owner is responsible for water, sewer, trash, insurance, real estate taxes, and the common-area electric meter. Ideally located just minutes from Interstate 81, this property provides convenient access to Harrisburg, Lebanon, Hershey, and surrounding employment centers, making it an attractive rental location. With strong existing income, quality renovations, and significant upside potential, this is a rare opportunity to own a turnkey multifamily investment with room for future growth.
Listing Courtesy of: Iron Valley Real Estate (717) 769-2986
Property Features
County:
LEBANON-PA
Municipality:
JONESTOWN BORO
Latitude:
40.41278
Longitude:
-76.48374
MLS Area:
Jonestown Boro (13213)
Directions:
From Rte 72 N, make a right at intersection onto Jonestown Rd. Continue straight, Jonestown Rd becomes Market St. Property is on the right.
Heating:
Forced Air
Heating Fuel:
Electric
Cooling:
Ductless/Mini-Split, Central A/C, Electric
Water Heater:
Electric
Total Number of Units:
0
Accessibility:
2+ Access Exits
Is New Construction:
No
Construction:
Brick, Stone
Septic or Sewer:
Public Sewer
Has Garage:
No
Parking Spaces:
20
Site Description:
Suburban
Lot Size in Acres:
0.3
Lot Size in Sq. Ft.:
13,068
Zoning:
319
Condition:
Very Good
Building Total Area (Sq. Ft.):
12,672
Has Waterfront:
No
Has Water Access:
No
School District:
NORTHERN LEBANON
ListDate:
2026-07-30 00:00:00.0
Possession:
Settlement, Subject to Existing Lease
Property Type:
COM
Property SubType:
Commercial Sale
Year Built:
1950
Status:
Active
Tax Year:
2026
Tax Amount:
$11,821
Ownership Interest:
Fee Simple
Business Type:
Apartment Building, Storage
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
© 2026 Bright MLS - TREND, Central Penn, Keystone. All rights reserved.
© 2026 BRIGHT. All rights reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at August 2, 2026, 1:05 PM ET
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