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$165,000
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Property Description
Attention Investors! Add immediate cash flow to your portfolio with this income-producing circa-1900 gable-front cottage. This well-maintained single-family rental is leased through May 2027 to long-term tenants who would like to remain, providing stability from day one. The current tenants pay all utilities, including water and sewer, and furnish their own appliances, keeping owner expenses to a minimum. The owner is responsible only for real estate taxes, approximately $823 per year in insurance, and the mortgage. The lease allows the new owner to provide the tenants with a 60-day notice after settlement if desired, offering flexibility for future plans while preserving the option to continue with an established tenancy. Whether you're expanding your rental portfolio or purchasing your first investment property, this turnkey income-producing opportunity is one you won't want to miss.
Full Property Details
Full Property Details for 348 N 5th St
General
- Price: $165,000
- Taxes: $1,963 (2026)
- Status: Active
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PALN2027664
- Updated: 7/27/2026
- Added to Site: 15 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
- Main Floor Baths: 2
- Main - Full Baths: 1
- Main - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Parking
- Parking Type: On Street, Other
Location
- Area: Lebanon City (13201)
- Municipality: LEBANON CITY
- County: LEBANON
- Subdivision: 5TH WARD
- Cross Streets: Weidman
- Driving Directions: Willow St, north on 5th St. Home will be on the right just past Weidman St.
School Information
- School District: Lebanon
- Middle School: Lebanon
- High School: Lebanon
Community
- Pets Allowed: Yes
- Pets: Pet Addendum/Deposit
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Cottage, Victorian
- Structure Type: Detached
- Construction: Frame, Stick Built, Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Foundation: Stone
- Roof: Shingle
- Walls/Ceilings: Paneled Walls
- Stories Description: Main
- Square Feet: 1,733
- Sq. Ft. Source: Estimated
- Living Area: 1,040 Sq. Ft.
- Finished Above Grnd: 1,040 Sq. Ft.
- Basement Finished: 0%
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Good, Average
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $158.65
- Assessment Year: 2026
- School Tax: $1,431
- City/TownTax: $265
- City/TownTax Freq: Annually
- County Tax: $265
- County Tax Freq: Annually
- Tax w/Assessment: $57,900
- Tax Amount: $1,963
- Tax Year: 2026
- Tax Total Finished Sq. Ft.: 1040
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All tenant owned items including free standing appliances.
- Inclusions: Built in kitchen appliances
Listed by RE/MAX Pinnacle, Gerald C Gostomski
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Schools
Schools serving 348 N 5th St
School District:Lebanon School District
| Name | Grades | Distance |
|---|---|---|
Southeast El School 499 East Pershing Avenue, Lebanon, PA 17042 | K-5 | 1 mi |
Southwest El School 1500 Woodland Street, Lebanon, PA 17042 | K-5 | 1.5 mi |
Lebanon Middle School 350 North 8th Street, Lebanon, PA 17046 | 6-8 | 0.2 mi |
Lebanon Senior High School 1000 South 8th Street, Lebanon, PA 17042 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 348 N 5th St
Date
Details
Price
Change
Source
7/27/2026
Listed
$165,000
120%
MLS
6/06/2022
Sold
$75,000
—
Public Record
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
Tax History for 348 N 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,916
3%
$57,900
—
2025
$1,865
5%
$57,900
—
2024
$1,777
38%
$57,900
—
2022
$1,287
2%
$57,900
—
2021
$1,258
-26%
$57,900
—
2020
$1,689
2%
$57,900
—
2019
$1,664
3%
$57,900
—
2018
$1,616
-29%
$57,900
—
2016
$2,291
6%
$57,900
-31%
2015
$2,170
7%
$84,300
—
2014
$2,034
—
$84,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 348 N 5th St
348 N 5th Street, Lebanon, PA 17046 (MLS# PALN2027664) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 348 N 5th Street is currently listed for $165,000 and was received on July 27, 2026. Want to learn more about 348 N 5th Street? Do you have questions about finding other Single Family real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

