Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Unit Multifamily Property Title is generated by Realmo AI

    119 CUMBERLAND Street, Lebanon, PA 17042

    View on Map
    Claim this Listing
    New
    For Sale
    $189,900

    MULTI_FAMILY - Other - LEBANON, PA

    Property size:
    2,232 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $85/SF
    Added:
    May 12, 2026
    Days on Market:
    1
    Last Refresh:
    May 12 at 7:06 pm

    Property Features for 119 CUMBERLAND Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    2,232 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2365

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Brick, Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    SARAH LINGLE
    SARAH LINGLE

    Listing agent SARAH LINGLE License #RS351310

    Listing office EXP Realty, LLC 342 N Queen Street, Dover, PA

    Listing date May 12, 2026

    MLS# PALN2026198 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully occupied 2‑unit property providing immediate rental income.
    • Massive unfinished third floor offers untapped square footage with endless possibilities for expansion or additional rental units.
    • Below‑market rents provide an excellent opportunity for increased cash flow.
    • Additional garage bay is currently rented, providing extra income.
    • Potential for house hacking: live in one unit while renting the other and renovating the third floor.
    • Opportunity to purchase two side‑by‑side investment properties (117 Cumberland Street also available).

    Overview

    This fully occupied two-unit property presents an investor opportunity with immediate rental income and future upside. The property features a spacious 2-bedroom first-floor apartment and a 1-bedroom second-floor apartment, both currently occupied under month-to-month leases. Additionally, there is a single garage bay that is also rented. The current rents are below market value, offering the potential for increased cash flow. A significant feature is the large unfinished third floor, presenting untapped square footage for expansion, additional bedrooms, a larger owner's unit, or increased rental income. Located along a major roadway, the property provides convenient access to shopping, dining, and local amenities. The property contains 2,232 square feet and is situated on a lot of 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.41367
    Latitude
    40.34055

    Nearby Similar for Sale

    • $419,900
      2,700 SF

      Well-Maintained Four-Unit Investment Property

      Four-unit property with strong income potential in Lebanon, PA.
      525 N 8TH Street, LEBANON, PA 17046
      View Details
    • $405,000
      2,804 SF

      Income-Producing Four-Unit Multifamily Property

      Investor-ready four-unit property with parking lot in Lebanon, PA.
      432 N 5TH Street, LEBANON, PA 17046
      View Details
    • $1,100,000

      Lebanon Commercial Property with Storage

      Office and storage property with income potential in Lebanon, PA.
      200 SCHNEIDER Drive, LEBANON, PA 17046
      View Details
    • $199,900
      2,424 SF

      Lebanon City Multi-Family Investment

      Fully occupied duplex with income potential in Lebanon, PA.
      117 CUMBERLAND Street, LEBANON, PA 17042
      View Details
    • $229,000
      1,217 SF

      Lebanon Duplex with Income Potential

      Fully rented duplex in Lebanon with immediate income and upside.
      135 S 11TH Street, LEBANON, PA 17042
      View Details
    • $240,000
      2,256 SF

      Lebanon Duplex with Garage Income

      Income-generating duplex with detached garage in Lebanon, Pennsylvania.
      528 MAPLE Street, LEBANON, PA 17046
      View Details
    • $399,900
      2,999 SF

      Lebanon Four-Unit Income Property

      Fully rented four-unit income property in Lebanon, Pennsylvania.
      14-16 N 7TH Street, LEBANON, PA 17046
      View Details
    • $490,000
      6,470 SF

      Two-Story Brick Building For Sale

      Two-story brick building with redevelopment underway and customization options.
      170 N 9th St, Lebanon, PA
      View Details
    • $169,900
      2,657 SF

      Two-Unit Multifamily Property in Lebanon

      Two-unit multifamily property offering investment potential in Lebanon, Pennsylvania.
      1540 WALNUT Street, LEBANON, PA 17042
      View Details
    • $449,000
      3,006 SF

      Mixed-Use Property on Cumberland Street

      3,006 SF mixed-use property with commercial and residential units.
      429 E CUMBERLAND STREET, LEBANON, PA 17042
      View Details
    • $950,000
      1,520 SF

      Charming Event Venue on Acres

      Coveted wedding and event venue on over four acres.
      2395 Quentin Rd, Lebanon, PA 17042
      View Details
    • $1,795,000
      19,547 SF

      Lebanon Commercial Property for Sale

      Commercial property available at the corner of 7th Street.
      701 Cumberland St, Lebanon, PA 17042
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex with income potential in Lebanon, PA.
    Where is this duplex located?
    The property is located at 119 CUMBERLAND Street Lebanon, PA.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Fully occupied 2‑unit property providing immediate rental income.; Massive unfinished third floor offers untapped square footage with endless possibilities for expansion or additional rental units.; Below‑market rents provide an excellent opportunity for increased cash flow.
    (717) 669-2794
    We can help!
    Listing Contact
    SARAH LINGLE
    SARAH LINGLE
    Real Estate License ID: RS351310
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    119 CUMBERLAND Street, LEBANON, PA 17042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!