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$289,000
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Property Description
Investor alert! Located on Main Street at 916 Cumberland St in the heart of Lebanon, this 3-unit mixed-use property is a prime income-producing asset. The first floor is home to a popular sports bar with a newly signed five-year lease at $925/month, featuring annual rent increases for built-in growth. Upstairs, the two-bedroom residential unit rents for $1,000/month, while the one-bedroom brings in $900/month-totaling $2,825 in monthly income. The property also includes off-street parking, a valuable amenity in this central location. With strong, steady returns and long-term tenants in place, this is a turnkey investment opportunity you won't want to miss.
Full Property Details
Full Property Details for 916 Cumberland St
General
- Sold For: $289,000
- Taxes: $3,374 (2025)
- Status: Closed
- Type: Triplex
- Source: BrightMLSPhilly
- MLS ID: PALN2019400
- Added to Site: 298 day(s) ago
Additional Information
- Security/Safety: Smoke Detector
Parking
- Parking Type: Off Site, Other
Location
- Area: Lebanon City (13201)
- Municipality: LEBANON CITY
- County: Lebanon
- Development Name: City
- Subdivision: City
- Driving Directions: GPS
- Location Details: Downtown
School Information
- School District: Lebanon
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Twin/Semi-Detached
- Construction: Masonry, Wood Siding, Brick, Concrete
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Outside Entrance, Unfinished
- Foundation: Stone
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 2,988
- Sq. Ft. Source: Assessor
- Living Area: 2,988 Sq. Ft.
- Finished Above Grnd: 2,988 Sq. Ft.
- Year Built: 1943
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
- 2 Bedroom Units: 1
Unit 1
- Unit Description: Unit 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $96.72
- Assessment Year: 2025
- School Tax: $2,422
- City/TownTax: $553
- City/TownTax Freq: Annually
- County Tax: $398
- County Tax Freq: Annually
- Tax w/Assessment: $120,900
- Tax Amount: $3,374
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2988
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All tenant personal property
Listed by Lime House, Aaron Glick
Sold by Beiler-Campbell Realtors-Quarryville, Wilmer Martin Martin
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Schools
Schools serving 916 Cumberland St
School District:Lebanon School District
| Name | Grades | Distance |
|---|---|---|
Harding El School, Lebanon, PA 622 Chestnut Street, Lebanon, PA 17042 | K-5 | 0.3 mi |
Lebanon Middle School 350 North 8th Street, Lebanon, PA 17046 | 6-8 | 0.4 mi |
Lebanon Senior High School 1000 South 8th Street, Lebanon, PA 17042 | 9-12 | 0.9 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 916 Cumberland St
Date
Details
Price
Change
Source
9/05/2025
Sold
$289,000
—
MLS
6/27/2025
Price Reduced
$289,000
-2.69%
MLS
6/05/2025
Price Reduced
$297,000
-0.34%
MLS
4/23/2025
Price Reduced
$298,000
-0.35%
MLS
4/09/2025
Price Increased
$299,050
0.02%
MLS
3/26/2025
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
916 Cumberland Street, Lebanon, PA 17042 (MLS# PALN2019400) is a Triplex property that was sold at $289,000 on September 05, 2025. Want to learn more about 916 Cumberland Street? Do you have questions about finding other Triplex real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

