Undisclosed
LEBANON, PA 17046
Sold Price: $454,000
List Price: $454,000
Sold Date: Sep 24, 2025
Number of Units: 4
Type: Multi-Unit Residential
Listing #PALN2022104
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.
Buyer's Agent: Unrepresented Buyer
Listing Agent: Aaron Glick
Listing Agent: Aaron Glick
Property Features
County: LEBANON-PA
Municipality: LEBANON CITY
MLS Area: Lebanon City (13201)
Has Fireplace: No
Heating: Forced Air
Heating Fuel: Natural Gas
Cooling: None, None
Has Basement: No
Total Number of Units: 4
Accessibility: None
Style: Traditional
Is New Construction: No
Construction: Brick
Roof: Shingle
Septic or Sewer: Public Sewer
Has Garage: No
Is a Horse Property: No
Lot Size in Acres: 0.12
Lot Size in Sq. Ft.: 5,227
Has Waterfront: No
Has Water Access: No
School District: LEBANON
ListDate: 2025-08-12 00:00:00.0
Property Type: RI
Property SubType: Over Storefront
Year Built: 1945
Active Adult Community: No
Ownership Interest: Fee Simple
Exclusions: All restaurant equipment and tenant personal property
$ per month
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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.
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