521 & 523 E MAIN ST
PALMYRA, PA 17078

$450,000

Number of Units: 3
Type: Multi-Unit Residential
Listing #PALN2025266
Excellent investment opportunity in Palmyra located in a highly desirable school district! This well-maintained triplex offers three spacious units with separate utilities and strong rental potential. 523 E Main St: This unit features two floors of living space with 2 bedrooms and 1 full bath on the second level. The main level includes a living room, dining room, kitchen, half bath & laundry. Luxury vinyl plank flooring throughout the main level and carpet upstairs. Tenant-owned washer and dryer located in the kitchen. Two-zone gas hot water heat, no A/C. Tenant pays water/sewer, gas, and electric. Access to shared unfinished basement. 521 Unit A (Main Level): One-bedroom unit with living room, kitchen, full bath, and in-unit laundry. Gas hot water heat, no A/C. Tenant pays gas and electric; owner covers water/sewer and trash. Shared basement with separate access with 523. 521 Unit B (Upper Unit): Spacious multi-level unit offering 3 bedrooms and 1 full bath. Second level includes living room, kitchen, one bedroom, bath, and laundry. Third floor provides two additional bedrooms. Gas heat and central air. Furnace and 100-amp subpanel located on the third level. Tenant pays gas and electric; owner covers water/sewer and trash. The shared basement houses gas furnaces for 523 and 521 Unit A, water heaters for all three units, and three separate 100-amp electric panels. Additional features include off-street parking for all units in the rear and owner-maintained yard. The owner will be replacing the roof! Great opportunity for investors or owner-occupants alike!
Listing Courtesy of: Iron Valley Real Estate (717) 769-2986
Property Features
Location Information
County: LEBANON-PA
Municipality: PALMYRA BORO
Latitude: 40.31100464
Longitude: -76.58938599
MLS Area: Palmyra Boro (13216)
Directions: Use GPS for best results
Interior Features
Interior: Bathroom - Tub Shower, Carpet, Ceiling Fan(s)
Has Fireplace: No
Heating: Hot Water
Heating Fuel: Natural Gas
Cooling: Ceiling Fan(s), Central A/C, Electric
Floors: Luxury Vinyl Plank, Vinyl, Carpet, Wood
Water Heater: Electric
Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
Basement Description: Unfinished
Has Basement: Yes
Total Number of Units: 3
Accessibility: None
Exterior Features
Style: Other
Is New Construction: No
Construction: Aluminum Siding
Foundation: Stone
Roof: Shingle, Metal
Septic or Sewer: Public Sewer
Electric: Circuit Breakers
Security Features: Smoke Detector, CarbonMonoxideDetectors
Has Garage: No
Parking Spaces: 8
Lot Size in Acres: 0.18
Lot Size in Sq. Ft.: 7,841
Zoning: RESIDENTIAL MULTI FAMILY
Has Waterfront: No
Has Water Access: No
School
School District: PALMYRA AREA
Additional Information
ListDate: 2026-03-31 00:00:00.0
Possession: Settlement
Property Type: RI
Property SubType: Other
Year Built: 1930
Status: Active
Tax Year: 2025
Tax Amount: $5,292
Ownership Interest: Fee Simple
Inclusions: 523 E Main St - Refrigerator, Stove 521 E Main St Unit A & B - Washer/ Dryer, Refrigerator, Stove
Exclusions: 523 E Main St - Washer/Dryer
Square Feet Source: Estimated


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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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