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$379,900 -$20,000 (-5%) Price Reduced

  • For Sale
  • Active
  • Apartment
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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!

Full Property Details for 122 Cumberland St

General

  • Price: $379,900
  • Taxes: $3,541 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PALN2023054
  • Updated: 1/26/2026
  • Added to Site: 122 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 21
  • Parking Type: Driveway, Parking Lot

Location

  • Area: Lebanon City (13201)
  • Municipality: LEBANON CITY
  • County: LEBANON
  • Driving Directions: from Lincoln st. 422 west to property on left

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: No Septic System, Public Sewer
  • Water: Public

Structural Information

  • Construction: Other
  • Building Size: 11761
  • Year Built: 1945
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,761
  • Lot Size Source: Assessor
  • Zoning: COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $32.3
  • Assessment Year: 2025
  • School Tax: $2,575
  • City/TownTax: $493
  • City/TownTax Freq: Annually
  • County Tax: $473
  • County Tax Freq: Annually
  • Tax w/Assessment: $107,700
  • Tax Amount: $3,541
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Manor West Realty, Jonathan Gordon and Manor West Realty, Valerie Garcia

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Listing agents

— 122 Cumberland St —

  • Jonathan Gordon

    Manor West Realty

  • Valerie Garcia

    Manor West Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 122 Cumberland St

School District:Lebanon School District
NameGradesDistance
Southeast El School
499 East Pershing Avenue, Lebanon, PA 17042
K-50.6 mi
Lebanon Middle School
350 North 8th Street, Lebanon, PA 17046
6-80.6 mi
Lebanon Senior High School
1000 South 8th Street, Lebanon, PA 17042
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 Cumberland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Price Reduced
$379,900
-5%
MLS
11/13/2025
Price Reduced
$399,900
-13.07%
MLS
9/29/2025
Listed
$460,000
178.79%
MLS
11/26/2024
Sold
$165,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 122 Cumberland St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,469
5%
$107,700
—
2024
$3,306
38%
$107,700
—
2022
$2,393
2%
$107,700
—
2021
$2,339
-26%
$107,700
—
2020
$3,141
1%
$107,700
—
2019
$3,096
3%
$107,700
—
2018
$3,006
3%
$107,700
—
2016
$2,927
6%
$107,700
—
2015
$2,773
7%
$107,700
—
2014
$2,598
—
$107,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Manor West Realty, Jonathan Gordon and Manor West Realty, Valerie Garcia

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122 Cumberland Street, Lebanon, PA 17042 (MLS# PALN2023054) is a Apartment property. 122 Cumberland Street is currently listed for $379,900 and was received on September 29, 2025. Want to learn more about 122 Cumberland Street? Do you have questions about finding other Apartment real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

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