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$454,000
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Property Description
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.
Full Property Details
Full Property Details for MLS# PALN2022104
General
- Sold For: $454,000
- Taxes: $3,837 (2025)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSPhilly
- MLS ID: PALN2022104
- Added to Site: 157 day(s) ago
Parking
- Parking Type: Off Street, Parking Lot
Location
- Area: Lebanon City (13201)
- Municipality: LEBANON CITY
- County: Lebanon
- Driving Directions: GPS
School Information
- School District: Lebanon
- Middle School: Lebanon
- High School: Lebanon
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Over Storefront
- Construction: Brick
- Roof: Shingle
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 5,227
- Sq. Ft. Source: Estimated
- Living Area: 5,227 Sq. Ft.
- Finished Above Grnd: 5,227 Sq. Ft.
- Year Built: 1945
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 3
- 1 Bedroom Units: 2
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 2
Unit 3
- Unit Description: Unit 3
Unit 4
- Unit Description: Unit 4
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size Source: Estimated
- Zoning: 319 COMM
Financial Considerations
- Price Per Sq. Ft.: $86.86
- School Tax: $2,790
- County Tax: $512
- County Tax Freq: Annually
- Tax w/Assessment: $116,700
- Tax Amount: $3,837
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 5026
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All restaurant equipment and tenant personal property
Listed by Lime House, Aaron Glick
Sold by Unrepresented Buyer Office, Unrepresented Buyer
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Price & Sales History for MLS# PALN2022104
Date
Details
Price
Change
Source
9/24/2025
Sold
$454,000
—
MLS
8/19/2025
Price Reduced
$454,000
-1.09%
MLS
8/15/2025
Price Reduced
$459,000
-2.13%
MLS
8/12/2025
Listed
$469,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# PALN2022104, Lebanon, PA 17046 (MLS# PALN2022104) is a Multi-Family property that was sold at $454,000 on September 24, 2025. Want to learn more about MLS# PALN2022104? Do you have questions about finding other Multi-Family real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

