Lebanon Duplex with Income
135 S 11TH Street Lebanon, PA 17042
135 S 11TH Street, Lebanon, PA, 17042
$229,000
For Sale
$229,000
MULTI_FAMILY - Other - LEBANON, PA
Property Size1,217 SF
Lot Size0.03 Acres
Price / SF$188.17
Days on Market112
Property Features for 135 S 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,217 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2100
Utilities
- Heating system
- Other (Heating), Hot Water(Heating)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agency
Kingsway Realty - Lancaster
(717) 569-8701
Listed by
Christine Nolt · License #RS332150
(717) 517-0407
Added: Apr 3 Updated: Jul 2 at 12:42PM Checked: Jul 23 at 4:06AM
MLS# PALN2025376
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.
Investment Insights
Based on property information with market context.
This fully rented duplex in Lebanon presents an opportunity for immediate income and strong upside potential. The property features two occupied units, providing consistent rental income. Current rents are below market value, suggesting potential for increased cash flow through future rent adjustments. This property offers both stability and growth potential for investors looking to expand their portfolio or enter real estate investing. The property is conveniently located near local amenities. The building has a size of 1217 square feet and is situated on a lot of approximately 0.03 acres.
Key Highlights
- Fully rented duplex provides immediate rental income.
- Strong upside potential with below‑market rents.
- Opportunity to increase cash flow through rent adjustments.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.8k | $13.80 |
| − Vacancy | −$1.3k | −$1.04 |
| EGI | $15.5k | $12.77 |
| − OpEx | −$4.7k | −$3.83 |
| NOI | $10.9k | $8.94 |
1,217 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$135.9K – $181.3K
NOI $10,875 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,106 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented duplex in Lebanon with immediate income and upside.
Where is this duplex located?
The property is located at 135 S 11TH Street Lebanon, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Fully rented duplex provides immediate rental income.; Strong upside potential with below‑market rents.; Opportunity to increase cash flow through rent adjustments.
